Afraid Quote by Richard McKenna
“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.”
About This Quote
Source Speech: Financial Commentary, unknown source, 20th century
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.
