These Banking System quotes will inspire you. A banking system is a group or network of institutions that provide financial services for us.
Below you will find a collection of motivating, knowledgeable, and encouraging Banking System quotes, Banking System sayings, and Banking System proverbs.
Best Banking System Quotes
- “The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.” ~ Josiah Stamp
- “When the Federal Reserve Act was passed, the people of these United States did not perceive that a world banking system was being set up here. A super-state controlled by international bankers and international industrialists acting together to enslave the world for their own pleasure. Every effort has been made by the Fed to conceal its powers but the truth is – The Fed has usurped the government!!” ~ Louis Thomas McFadden
- “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.” ~ Henry Ford
-
“Deficit spending is simply a scheme for the confiscation of wealth.” ~ Alan Greenspan
- “I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” ~ Thomas Jefferson
- “Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.” ~ Josiah Stamp
- “The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.” ~ Carroll Quigley
-
“Someone has to borrow every dollar we have in circulation, cash or credit.” ~ Robert W. Hemphill
- “The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people’s money.” ~ Charles August Lindbergh
- “Italy is the fourth-largest economy in Europe and the eighth-largest economy in the world, and its banking system is collapsing. And Germany is desperate. It must maintain its standard of living. It can only do that with exports and Deutsche Bank is very exposed to Italian debt. But so is the rest of Europe.” ~ George Friedman
- “Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside the control of Congress and manipulates the credit of the United States.” ~ Barry Goldwater
-
“The modern banking system manufactures money out of nothing.” ~ Josiah Stamp
- “If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible – but there it is.” ~ Robert W. Hemphill
- “Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.” ~ Alan Greenspan
- “To save the banks from making losses that would wipe out their net worth, you’ll have to get rid of Social Security. It means that you’ll essentially have to abolish government and turn it over to the banking system to run, with an idea that the role of governments is to extract income from the economy to pay to the bondholders and the banks.” ~ Michael Hudson
- “There are two ways to aquire the niceties of life:
1) To produce them or
2) To plunder them.
When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time, a legal system that authorizes it and a moral code that glorifies it.” ~ Paul Valery -
“You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.” ~ Andrew Jackson
- “I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world – no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” ~ Woodrow Wilson
- “Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.” ~ John Maynard Keynes
- “The few who understand the system, will either be so interested from it’s profits or so dependent on it’s favors, that there will be no opposition from that class.” ~ Mayer Amschel Rothschild
- “Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” ~ James A. Garfield
-
“When plunder becomes a way of life, men create for themselves a legal system that authorizes it and a moral code that glorifies it.” ~ Frederic Bastiat
- “The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization.” ~ Otto von Bismarck
- “You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.” ~ George Bernard Shaw
- “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
- “By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.” ~ Karl Marx
-
“A banking system is an act of faith: it survives only for as long as people believe it will.” ~ Michael Lewis
- “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
- “Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.” ~ John Adams
- “The Chinese banking system is built on quicksand and that’s the one thing a lot of people don’t realize. […] Everybody seems to think it is a free and clear open checkbook. It’s not. […] The banking system in China is extremely fragile.” ~ James Chanos
- “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
-
“Is this complicated, risky [banking] system the best we can have?” ~ Anat R. Admati
- “The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements….The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States….The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.” ~ Louis Thomas McFadden
- “You’re having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.” ~ Michael Hudson
- “The collapse of the world’s banking system and the impending disaster of accelerating climate change are not separate phenomena. They are simply the most visible symptoms of a particular model of capitalism that will bring civilisation to its knees. But those symptoms will not get sorted unless and until we commit to a radical transformation of the way we create and distribute wealth in the world today” ~ Jonathon Porritt
- “I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money, the banking system will collapse totally, and we will be left having to barter to stay alive. Those who can dig in their garden will have a better chance than the rest. I’ll be all right; I’ve got a few veg.” ~ Margaret Drabble
-
“You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.” ~ Nouriel Roubini
- “Peak oil is already upon us. It is destroying our banking system, that is, our system for marshalling capital, and that is about to put us out of business-as-usual. So, we have to carry on with business-not-so-usual. This could mean anything from your children finding careers in farming (rather than show biz or plastic surgery) to reorganizing households differently to traveling from New York to Boston by boat.” ~ James Howard Kunstler
- “In the U.S. more than any other place, the banking system is insane. Millions of Americans lost their houses. Because of what? Because of the banking system. This American banking system is also coming to Europe. We can say today that the banks and high financiers run the world.” ~ Costa-Gavras
- “Essentially, not only do we believe in this myth of ‘de-risking’, but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we’ve reached the point where the Fed is using $70 Billion a month to ‘de-risk’ a largely insolvent banking system. And this can only end badly. The idea that you can do capitalism without risk is ridiculous on its face.” ~ Andreas Antonopoulos
- “U.S. Government has said they are now going to go after the terrorist’s electronic banking system. You know what they should do? They should transfer bin Laden’s funds to my bank. They’d mess up his deposits, screw up his statement and nickel and dime him to death with service charges.” ~ Jay Leno
-
“Our banking system grew byaccident; and wherever something happens byaccident, it becomes a religion.” ~ Bill Vaughan
- “A possibility is that we see more and more leverage, and credit-to-GDP ratios rise once more to even higher levels; eventually the banking systems of all advanced economies reach magnitudes of 500 percent, 1000 percent or more of GDP, so that every economy starts to have financial systems that resemble recent cases like Switzerland, Ireland, Iceland, or Cyprus. That might be a very fragile world to live in.” ~ Alan M. Taylor
- “It’s just very hard to teach a class of students about what has happened in the Global Financial Crisis, how we ended up there and how we got to where we are today, without having some basic, non-trivial understanding of the financial sector, credit, and the banking system.” ~ Alan M. Taylor
- “This crisis started probably due to the freedom they gave to the banks. First President [Ronald] Reagan and then President [Bill] Clinton. So, for [Barack] Obama it is extremely difficult to change now, to find a way to organize this banking system [differently].” ~ Costa-Gavras
- “I can’t tell Black people to fight a war that is Israel’s war. What kind of leader will you be, or should I be, to allow these babies Black, white and brown, to fight Israel’s war, because Zionists dominate the government of the United States of America and her banking system.” ~ Louis Farrakhan
-
“There’s a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.” ~ Lucy Powell
- “The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call “interesting.” He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.” ~ Hilaire Belloc
- “Human beings today are surrounded by huge institutions we can never penetrate: the City, the banking system, political and advertising conglomerates, vast entertainment enterprises. They’ve made themselves user friendly, but they define the tastes to which we conform. They’re rather subtle, subservient tyrants, but no less sinister for that.” ~ J. G. Ballard
- “The gang that trashed the town was now back in town to trash it even more and you’ll never guess.. they decided that the only way to save an economy brought to its knees by their collective actions and the banking system they represent was to, well, no, surely not.. hand trillions of taxpayer-borrowed dollars to the Rothschild-controlled banks and insurance companies like CitiGroup, J. P. Morgan, AIG and a long list of others.” ~ David Icke
- “Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It’s worked with Austria’s banking system. There’s all sorts of interplays there. So it’s not the PIIGS one should worry about. Germany hasn’t even begun falling yet. And when Germany falls, and it will, that’s when the panic begins to set in.” ~ George Friedman
-
“Only put money in the banking system that you can afford to lose!” ~ Max Keiser
- “The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.” ~ Alan Greenspan
- “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
- “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
- “You can’t fall back on the private sector and say, ‘You take care of the nation’s banking system.’ That’s a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.” ~ Dick Cheney
-
“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” ~ Alan Greenspan
- “The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to “coin money or regulate the value thereof” – but rather delegated that authority, sometimes by charter and sometimes by default, to the banking system. This despite the provision in the Constitution that charged Congress with the power to ‘coin money, regulate the value thereof, and of foreign Coin, and fix the Standards of weight and Measures.'” ~ William Jennings Bryan
- “When you own gold you’re fighting every central bank in the world. That’s because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that’s why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.” ~ James Rickards
- “Time is running out fast. I think we have maybe a few months — it could be weeks, it could be days — before there is a material risk of a fundamentally unnecessary default by a country like Spain or Italy which would be a financial catastrophe dragging the European banking system and North America with it. So they have to act now.” ~ Willem Buiter
- “The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause, the banking system” ~ Thomas Jefferson
-
“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
- “Our international banking system allows banks to accept funds gained from tax evasion and other crimes and thereby facilitates and encourages embezzlement by public officials, especially in developing countries, as well as tax evasion and tax avoidance by multinational corporations.” ~ Thomas Pogge
- “On the one hand, I loved being a banker. I loved how numbers could tell a story and how you can invest in ideas and see them translate into products and services and create jobs. What I didn’t like, particularly where I was working in Brazil during the debt crisis of the early ’80s, was how the poor were excluded from the banking system. I made the decision to try and experiment with whether we could use the tools of banking to extend the benefits of the economy to the poor.” ~ Jacqueline Novogratz
- “The peculiar essence of our banking system is an unprecedented trust between man and man. And when that trust is much weakened by hidden causes, a small accident may greatly hurt it, and a great accident for a moment may almost destroy it.” ~ Walter Bagehot
