Overflight, 155

“It’s time for the public opinion to realise that those who create the value of money are not those who print it or issue it, but those who accept it as a means of payment, that is, the community of citizens. The absence of this awareness ensures that it is not the peoples that appropriate the monetary value, but the international banking system… The well−known phrase of William Paterson, founder of the Bank of England, «The bank hath benefit of interest on all moneys which it creates out of nothing», which looks unscrupulously sincere, actually hides the most inportant part of the truth, because it is not true that the bank enriches itself only out of the interest, but it also and primarily does out of money itself, whose value – as we have seen – is not created by the bank, but by the community.”
Giacinto Auriti, L’ordinamento internazionale del sistema monetario (The International Legal Order of Monetary System, author’s note)

“The only way to avoid the impoverishment of peoples is avoiding debt from its inception. The States must therefore stop monetizing on debt, and must begin to directly create money. To avoid national debt, no state bonds or any other similar instruments must be issued any more, and citizen−owned money must be issued instead. To avoid the private debt to banks, the creation of credit out of nothing must be forbidden, and alternatives must be sought that replace those medieval institutions.
The solution, therefore, does not lie in "saving", but in "measuring", in discovering what is the true function of money and in issuing it without any debt and citizen−owned.”
Daniele Pace, The Utopian Money