What does henry ford mean by this quote?

Question

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. "

Answer 1

The answer is unbelievable...

Banks create money out of nothing when it is loaned to governments, companies and yourself.

Everyone I have told this do not believe it or already know.

It is not unlimited though, banks can only create 10 times what they have in the bank.  It is called Fractional Reserve banking, your deposits are the reserve and thus for each dollar you deposit with the bank, they can loan out $10 by creating it out of thin air.  When you take the dollar out of the bank they must call in the loan(s) or come up with the reserve.

There is a lot more to this, once you fully understand what is going on, you will feel like Neo did in the movie The Matrix, when he was told the truth in the real world.  Right now with this information, you are Alice tumbling down the rabbit hole.  The choice is now yours, you can see how deep the rabbit hole is by doing your own research, or ignore this information and get out.  

Finally, I would like to let you know that my wife wishes she did not know the truth and I feel that way from time to time.

Answer 2

He was addressing the fact that red tape and banking procedures are just some of the ways bankers finagle  charges, special fees and penalties from the people who entrust their monies thinking they are getting a fair deal on their investment much less on the monies they borrow. The deregulation of banks by Bush and his gang led to this dust up in the housing market because the banks were supposed to "police" themselves. Where money is involved, there will be chicanery but the bankers will confuse the issue enough so that without a background in finance, a normal person will not grasp all the nuances.

Answer 3

He's saying that our banking system blows.

Answer 4

hes basically alluding to the "man" or the "system" - corrupted as ***** and no one ever wants to hear about it.

Answer 5

He wanted to communicate the ignorance of the common person.  If they knew how the banking system used their money to make a lot more money and only pay them the small interest on their savings account (if they are lucky).  They would be so upset that they would demand a change in the banking/monetary system.

Answer 6

We kind of have this Free Trade system where all our taxes go to the corrupt and we can basically do whatever the h**l we want to third-world countries. Basically what he meant is that if people were not so much in denial, and knew where our taxes went, there would be a revolution very soon. And who's going to argue with that man's take on our monetary system? He was a financial giant. I liked Henry Ford, too bad he was a n**i.

Answer 7

Well since Henry Ford filed for bankruptcy several times before his finiacial success with the assembly line type production of automobiles.  He may have said this during one of his down times when he was mad at the bank.