Banking Quotes - Page 10

• And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place.

  Dick Durbin

  Powerful, Believe, Banking Crisis

  "Dick Durbin: Banks “Frankly Own The Place”". www.huffingtonpost.com. May 30, 2009.

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• The UN is but a long-range, international banking apparatus clearly set up for financial and economic profit by a small group of powerful One-World revolutionaries, hungry for profit and power.

  Curtis Bean Dall

  Powerful, Order, Nwo

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• 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...

  Ron Paul

  Military, Government, Lobbyists

  Ron Paul's speech at New Hampshire Homeschool Meet and Greet, www.youtube.com. September 30, 2007.

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• 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.

  Murray Rothbard

  Money, Blessing, America

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• Kissinger's major, and most lucrative role, has come as head of Kissinger Associates in New York City, founded on a loan obtained in 1982 from the international banking firm of E.M. Warburg, Pincus and Company. Nominally, Kissinger Associates (KA) is an "international consulting firm" but "consultant" covers many sins, and in KA's case, this means international political influence-peddling for its two dozen or so important corporate clients.

  Murray Rothbard

  New York, Mean, Cities

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• A tiny portion of the population controls the lions share of the wealth and most of the command positions of state, manufacturing, banking, investment, publishing, higher education, philanthropy, and media... these individuals exercise a preponderant influence over what is passed off as public information and democratic discourse.

  Michael Parenti

  Exercise, Media, Lions

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• The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world.

  Michel Chossudovsky

  Islands, Crowns, World

  "The Globalization of Poverty and the New World Order". Book by Michel Chossudovsky, 2003.

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• In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.

  G. Edward Griffin

  War, Loss, Government

  "The creature from Jekyll Island". Book by G. Edward Griffin, 1994.

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• 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.

  Paul Volcker

  Unique, Gold, Boards

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• For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.’s — I didn’t see any of that coming until it happened.

  Janet Yellen

  Agency, Appreciate, Risk

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• Among the largest banks, the capital ratios remain good and I don’t expect any serious problems . . . . among the large, internationally active banks that make up a very substantial part of our banking system.

  Ben Bernanke

  Ratios, Serious, Problem

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• There's more honor in investment management than in investment banking.

  Charlie Munger

  Honor, Management, Investment

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• You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning.

  Andrew Jackson

  Morning, Nwo, People

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• The system of banking have[for]ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.

  Thomas Jefferson

  Progress, Citizens, Moral

  Thomas Jefferson, Henry Augustine Washington (1854). “The Writings of Thomas Jefferson: Correspondence, contin”, p.605

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• 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.

  Nicholas Trist

  Spirit, Institutions, Existence

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• The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we were rigorously and intelligently screened. They bankers cared and wanted to protect their clients. The culture now is that anything that can be sold for a profit will be. 'Can you sell it?' is the moral test, and that's not an adequate test.

  Charlie Munger

  Years, Bankers, Culture

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• The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track.

  Suze Orman

  Track, Pay, Bills

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• If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government.

  George Osborne

  Mistake, Government, Gone

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• There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

  Lucy Powell

  Loss, Long, Growth

  "Economic bail-out aims to restore confidence for small firms and savers" by Lucy Powell, www.theguardian.com. October 10, 2008.

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• If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.

  Manmohan Singh

  Responsibility, Balance, Pace

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• A man who is without capital, and who, by prohibitions upon banking, is practically forbidden to hire any, is in a condition elevated but one degree above that of a chattel slave. He may live; but he can live only as the servant of others; compelled to perform such labor, and to perform it at such prices, as they may see fit to dictate.

  Lysander Spooner

  Men, Degrees, May

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• 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.

  Lysander Spooner

  Law, Creating, Done

  Lysander Spooner (1873). “A New Banking System: the Needful Capital for Rebuilding the Burnt District”, p.51

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• The fundamental problem with banks is what it's always been: they're in the business of banking, and banking, whether plain vanilla or incredibly sophisticated, is inherently risky.

  James Surowiecki

  Fundamentals, Vanilla, Problem

  "The Real Problem with the Big Banks". www.newyorker.com. February 18, 2013.

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• 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.

  Nassim Nicholas Taleb

  Water, Storm, Too Late

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• If you are in banking and lending, surprise outcomes are likely to be negative for you.

  Nassim Nicholas Taleb

  Negative, Outcomes, Surprise

  Nassim Nicholas Taleb (2016). “Incerto 4-Book Bundle: Fooled by Randomness The Black Swan The Bed of Procrustes Antifragile”, p.1051, Random House

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