"But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit"
- Josiah Stamp
About this Quote
This quote by Josiah Stamp is an effective statement about the power of banks and the cost of financial slavery. He is recommending that if individuals continue to allow banks to produce cash and control credit, then they will stay servants to the banks and pay the expense of their own slavery. This implies that banks have a great deal of power over individuals's financial resources and that individuals must know this power and take actions to protect themselves from it. Stamp is recommending that people ought to take control of their own finances and not permit banks to determine their financial choices. He is likewise suggesting that individuals should be aware of the cost of monetary slavery and take actions to prevent it. By taking control of their own finances, people can prevent the cost of financial slavery and become financially independent.
"Given the choice, children who don't want for anything will not save... We have an obligation as parents to give our children what they need. What they want we can give them as a special gift, or they can save their money for it"
"The whole commerce between master and slave is a perpetual exercise of the most boisterous passions, the most unremitting despotism on the one part, and degrading submissions on the other. Our children see this, and learn to imitate it"