Share on Facebook Share on Twitter Comment on this quote Share via Email Print this Page [1-20] of 207 Banking quotesBanking QuotesBanking Next 20 quotes ... we conclude that the [Federal] Reserve Banks are not federal ... but are independent privately owned and locally controlled corporations... without day to day direction from the federal government.~ 9th Circuit Court The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.~ Lord Acton Banks have done more injury to the religion, morality, tranquility, prosperity, and even wealth of the nation than they can have done or ever will do good.~ John Adams Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.~ John Adams All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit, and circulation.~ John Adams Let us disappoint the Men who are raising themselves upon the ruin of this Country.~ Samuel Adams If only God would give me some clear sign! Like making a large deposit in my name at a Swiss Bank.~ Woody Allen When a government takes over a people’s economic life it becomes absolute, and when it has become absolute it destroys the arts, the minds, the liberties and the meaning of the people it governs.~ Maxwell Anderson The modern banking system manufactures “money” out of nothing; and the process is, perhaps, the most, astounding piece of “sleight of hand” that was ever invented. In fact, it was not invented. It merely “grew”. ... Banks in fact are able to create (and cancel) modern “deposit money”, just as much as they were originally able to create, or call in, their own original forms of private notes. They can, in fact, inflate and deflate, i.e., mint, and un-mint the modern “ledger-entry” currency. ~ Major L. L. B. Angas The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice.~ Aristotle The cardinal maxim is, that any aid to a present bad Bank is the surest mode of preventing the establishment of a future good Bank.~ Walter Bagehot Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.~ Bernard Baruch The state is the great fictitious entity by which everyone seeks to live at the expense of everyone else.~ Frederic Bastiat The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization. Why? Because they "create" the money made out of nothing, and our Uncle Sap Government issues their "Federal Reserve Notes" and stamps our Government approval with NO obligation whatever from these Federal Reserve Banks, Individual Banks or National Banks, etc.~ H. L. Birum, Sr. When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.~ Napoleon Bonaparte When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.~ Napoleon Bonaparte While I live I will never resort to irredeemable paper.~ Napoleon Bonaparte The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for.~ Bill Bonner The trouble with gold is that it turns its back on world improvers, empire builders and do-gooders.~ Bill Bonner When you or I write a check there must be sufficient funds in our account to cover that check, but when the Federal Reserve writes a check, it is creating money.~ Boston Federal Reserve Bank Next 20 quotes Share on Facebook Tweet Email Print