John Adams: Profiled People in Economics and Banking

ByPrimary Researcher

Executive Summary

  • Adams was a virulent critic of private banking.

Introduction

Adams has strongly negative views of private banking interests as is expressed in the following quotation.

“Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.” ~ John Adams / AZ Quotes. He also knew how debt is used to enslave countries, as is explained in the following quotation. “There are two ways to conquer and enslave a country. One is by the sword. The other is by debt.” ~ John Adams / AZ Quotes.

This quote would seem to be the appropriate moniker for the IMF, World Bank, and the ECB.