Charity Chief Executive, Politician, Husband, Father

Bankers – will we ever learn?

Held by the National Porttrait Gallery

Held by the National Portrait Gallery

I came across this quote from the 1920's and wondered whetehr ever learn anything, given that shortly after this quote the world finances crashed in a way not seen again until the past few years.

"Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money."  (Lord Stamp, Baron of Shortlands)

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