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I am afraid that the ordinary citizen will not like to be…

“I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.” quote by Richard McKenna
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“I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people.”

Richard McKenna

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

The quote warns that ordinary people may resist learning that banks have the power to create and destroy money, and that those controlling credit influence government policy and the fate of the populace.

In simple terms: Banks control money and power; people may not want to hear it.

Key Takeaway

Recognize the influence of credit on politics.

Themes

economics power politics trust financial literacy

Mood

cautious critical

Type

analytical political

When to use this quote

  • public policy debates
  • financial education
  • political activism
  • media reporting

Key Concepts

monetary creation government influence elite control

Questions to Reflect On

  • How does credit control affect everyday life?
  • What checks exist on financial power?
A Different Perspective

The statement may overstate the simplicity of credit control and ignore other political forces.

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