quotes tagged with 'bank'
...the inability of the colonists to get the power to issue their own money permanently out of the hands of George III and the international bankers was the PRIME reason for the Revolutionary War. Author: Benjamin Franklin, Source: Autobiography
I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money. It is absolutely wrong for Government to issue interest–bearing obligations. It is not only wrong, it is absolutely unnecessary. I believe the system should be changed. The Constitution of the United States does not give the banks the power to create money. The Constitution says that Congress shall have the power to create money. I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with this Congress for sitting idly by and permitting such an idiotic system to continue.Author: Wright Patman, Source: Congressional Record pp. 7582-3, September 29, 1941
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.Author: J. Edgar Hoover, Source: Unknown
Today, the average man can barely tell the difference between a fact and a campaign slogan. And so the new ersatz knowledge leads him into error. Modern politics turns the voter into an enabling dupe...makes the amateur investor a chump for Wall Street...and sends the poor, hapless foot-soldier off on a fool’s errand where he can only get himself killed.Author: Bill Bonner, Source: http://www.lewrockwell.com/bonner/bonner318.html
Civilization, central banking and politics make monkeys of us all; we’re not equipped to deal with them. Like a hairdresser who shows up to work with a wrench in his hand and liquor on his breath, we are bound to make a mess of things.
All the perplexities, confusion and distresses in America arise not from defects in the constitution or confederation, nor from want of honor or virtue, as much from downright ignorance of the nature of coin, credit, and circulation.Author: John Adams, Source: Letter to Thomas Jefferson
Author: Thomas Jefferson, Source: letter to the Secretary of the Treasury Albert Gallatin, 1802
I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
It is well that the 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.Author: Henry Ford, Source: Unknown