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Whoever controls the volume of money in any country is absolute master of all industry and commerce.
If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
The lifeblood of the economy is that the banking community is a circulatory system for American capitalism.
There’s a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.
People rightly want our political leaders – on all sides – to concentrate on minimising the damage to jobs, living standards and our savings from the banking crisis.
Are there a lot of designers that matter? The industry hasn’t got a litmus test any more. The whole thing has imploded. Watch it die, like the banking industry
[ Zionists] dominate the Banking institutions of America and they are the biggest contributors in politics.
It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.
To deprive mankind of their natural right and power of creating wealth for themselves, is as great a tyranny as it is to rob them of it after they have created it. And this is done by all laws against honest banking.
Bankers are just like anybody else, only richer
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity.
I’m not against banking. Banking allowed our modern society to happen, it is essential. It connects the work through finance, so banking is good.
It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country.
Much of the shadow banking sector, a major contributor to the economic crisis, was also only possible because of taxhaven secrecy.
In the U.A.E. we were the least-regulated environment in the region, and over time we are seeing more and more regulation coming in. On the other hand, a central bank can overregulate and choke the economy, and then we will have a dead banking industry.
We need to take away the government’s money power. The banking industry needs its welfare check ended. The dollar’s soundness depends on its being untied from the machine that can make an infinite number of copies of dollars and reduce their value to zero.
I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.
Welfarism and excessive spending and deficits and socialism divide us, because everybody has to go to Washington. Those who have the biggest clout, whose who are the best lobbyists, those who go and they grab. And whether it’s the medical industrial complex, or the banking industry, or the military industrial complex, that’s who ends up controlling our government…
It is no coincidence that the century of total war coincided with the century of central banking.
You will find a way to make your message fresher. You’ll find a way to make your connections in a way that will continue to inspire and direct and motivate. That’s what I’m banking on.
Whereas banking education anesthetizes and inhibits creative power, problem-posing education involves a constant unveiling of reality. The former attempts to maintain the submersion of consciousness; the latter strives for the emergence of consciousness and critical intervention in reality.
Implicit in the banking concept is the assumption of a dichotomy between human beings and the world: a person is merely in the world, not with the world or with others; the individual is spectator, not re-creator.
It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with ‘free banking.’ The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.
In banking or insurance trust is the only thing you have to sell.
It can be argued that the U.S. brokerage and investment banking industry has transformed the modern American stock market into nothing more than a mechanism for transferring wealth from shareholders to management.
It is not suprising that the banking concept of education regards men as adaptable, manageable beings.
The trouble with being educated is that it takes a long time; it uses up the better part of your life and when you are finished what you know is that you would have benefited more by going into banking.
And many of the people who buy or found banks have had no experience in banking at all. If they can learn it, so can we.
I do think that the banking system is now in the most perilous state we’ve seen in over 70 years.
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.
Banking is a very treacherous business because you don’t realize it is risky until it is too late. It is like calm waters that deliver huge storms.
Banks have never made money in the history of banking, losing the equivalent of all their past profits periodically – while bankers strike it rich.
Independently of its misdeeds, the mere power, – the bare existence of such a power, – is a thing irreconcilable with the nature and spirit of our institutions.
The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world.
Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.