Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament and of democracy is idle and futile... Once a nation parts with the control of its credit, it matters not who makes the laws... Usury once in control will wreck the nation.
About this quote
- What does it mean?
- Democracy is useless if the government does not control currency and credit.
- In plain terms
- Money control belongs to the public sector.
- What can you take from it?
- Protect public control over money to save democracy.
Where it applies
Putting it to work
Questions to consider
- Who should control the money supply?
- How does credit affect rights?
Another view
Modern systems rely on mixed public-private control.
More from William Lyon Mackenzie King
Conscription if necessary, but not necessarily conscription.
Permalink to quote #1 If some countries have too much history, we have too much geography.
Permalink to quote #3 When it comes to politics, one has to do as one [does] at sea with a sailing ship... reach one's course having regard to prevailing winds.
Permalink to quote #4
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