Financial System Quotes

It is no coincidence that the century of total war coincided with the century of central banking.

Money is the probably the most successful story ever told. It has no objective value... but then you have these master storytellers: the big bankers, the finance ministers... and they come, and they tell a very convincing story.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

If there were no debts in our money system, there wouldn't be any money.

Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks… The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government.

Remember that Abraham Lincoln was a Whig far longer than he was a Republican. As a whole, the Whigs looked upon banks and corporations as a more efficient means of development; the Jacksonian Democrats thought they were the tools of the devil, but Whigs like Lincoln disagreed. During his presidency, Lincoln favored the re-construction of a national financial system, and his most important 'internal improvement' project was the Pacific railroad.

Gold is money. Everything else is credit.

Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous.

Haven't we all grown up trusting high street banks? Their branches were fixtures, not only in our towns and cities, but in the way our lives ran. Yet it is no exaggeration to say that thousands, possibly millions of us, instead of being helped have found our lives permanently damaged by the toxic U.K. financial system.

I am afraid the ordinary citizen will not like to be told that the banks can and do create money. And they who control the credit of the nation direct the policy of Governments and hold in the hollow of their hand the destiny of the people

I worked on one speech about the financial system that caused the Dow to drop, like, 200 points.

What you're seeing with Occupy Wall Street and the others are people who are unhappy and they're directing their unhappiness now toward Wall Street and toward those they think are doing too well in our society.

The bankers of the country are more to blame than are any other group for the present depression.

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.

Bank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.

In general, global economic growth supports Russian economy.

All the banks in Christendom could not control money.

Mexico has very solid financial institutions, with good levels of capitalism, but they’re not lending much.

Dollar bills have absolutely no value except in our collective imagination, but everybody believes in the dollar bill.

The question of how to structure our nation's financial system arose in the early years of the republic.

Blest paper-credit! last and best supply! That lends corruption lighter wings to fly!

Of course most Americans don't know how A.I.G. brought the world's financial system to near-ruin or what credit-default swaps are. They may not even know what A.I.G. stands for. But Americans do make the connection between their fears about their own jobs and their broad understanding of the A.I.G. debacle.

I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.

I spent 33 years ... most of my time being a high class muscle man for Big Business, for Wall Street and the bankers. In short I was a racketeer for capitalism.

China's stock market is inextricably tied to politics.