Banking System Quotes
Quotes tagged as "banking-system"
Showing 31-45 of 45
“Pick a leader who will make their citizens proud. One who will stir the hearts of the people, so that the sons and daughters of a given nation strive to emulate their leader's greatness. Only then will a nation be truly great, when a leader inspires and produces citizens worthy of becoming future leaders, honorable decision makers and peacemakers. And in these times, a great leader must be extremely brave. Their leadership must be steered only by their conscience, not a bribe.”
― Rise Up and Salute the Sun: The Writings of Suzy Kassem
― Rise Up and Salute the Sun: The Writings of Suzy Kassem
“A healthy Banking system is one of the vital parts of a nation's foundation.”
― Essays on The Banking Industry
― Essays on The Banking Industry
“Now I don't know much about finances, but I do know not to trust these smooth-faced wolves in sheep’s clothing. We trust these confidence tricksters because they know best, right? They'll be able to advise us, won't they? Yeah, they know best all right. They throw legal dust in our eyes, always keeping something back and dressing up their untruths with promises and alluring pound-note signs. But all the time they're making a killing out of us. A FUCKING KILLING!”
― 100 Common Sense Policies to make BRITAIN GREAT again
― 100 Common Sense Policies to make BRITAIN GREAT again
“If Congress has the right under the constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or corporations.”
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“Savers have to be punished so debtors can be saved.
Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.
And why is that important? Because the banking system needs ever more loans in order to survive.”
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Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.
And why is that important? Because the banking system needs ever more loans in order to survive.”
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“The purpose of a centralized financial system or any other system, is not to exploit people, but to ensure stability in the society.”
― The Gospel of Technology
― The Gospel of Technology
“Blockchain itself is not dangerous, but if we start using decentralized blockchain as a complete substitute for our traditional transaction methods, then I am afraid, it would destroy the very human foundation of our financial system.”
― The Gospel of Technology
― The Gospel of Technology
“Centralized blockchain can be a great boon to the society, especially in the developing parts of the world, whereas decentralized blockchain will only cause chaos and destruction.”
― The Gospel of Technology
― The Gospel of Technology
“Incorporating cryptocurrency in the traditional centralized financial system not only speeds up transactions exponentially, but also it makes the system more user-friendly, whereas in a decentralized system cryptocurrency will only breed insecurity and chaos, due to the utter absence of liability.”
― The Gospel of Technology
― The Gospel of Technology
“The power of the big fish in general to regroup is hardly restricted to banking. When Standard Oil was broken up in 1911, the immediate effect was to replace a national monopoly with a number of regional monopolies controlled by many of the same Wall Street interests. Ultimately, the regional monopolies regrouped: In 1999 Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly Standard Oil Company of New York) reconvened in one of the largest mergers in US history. In 1961 Kyso (formerly Standard Oil of Kentucky) was purchased by Chevron (formerly Standard Oil of California); and in the 1960s and 1970s Sohio (formerly Standard Oil of Ohio) was bought by British Petroleum (BP), which then, in 1998, merged with Amoco (formerly Standard Oil of Indiana).
The tale of AT&T is similar. As the result of an antitrust settlement with the government, on January 1, 1984, AT&T spun off its local operations so as to create seven so-called Baby Bells. But the Baby Bells quickly began to merge and regroup. By 2006 four of the Baby Bells were reunited with their parent company AT&T, and two others (Bell Atlantic and NYNEX) merged to form Verizon.
So the hope that you can make a banking breakup stick (even if it were to be achieved) flies in the face of some pretty daunting experience. Also, note carefully a major political fact: The time when traditional reformers had enough power to make tough banking regulation really work was the time when progressive politics still had the powerful institutional backing of strong labor unions.
But as we have seen, that time is long ago and far away.”
― What Then Must We Do?: Straight Talk about the Next American Revolution
The tale of AT&T is similar. As the result of an antitrust settlement with the government, on January 1, 1984, AT&T spun off its local operations so as to create seven so-called Baby Bells. But the Baby Bells quickly began to merge and regroup. By 2006 four of the Baby Bells were reunited with their parent company AT&T, and two others (Bell Atlantic and NYNEX) merged to form Verizon.
So the hope that you can make a banking breakup stick (even if it were to be achieved) flies in the face of some pretty daunting experience. Also, note carefully a major political fact: The time when traditional reformers had enough power to make tough banking regulation really work was the time when progressive politics still had the powerful institutional backing of strong labor unions.
But as we have seen, that time is long ago and far away.”
― What Then Must We Do?: Straight Talk about the Next American Revolution
“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”
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“When you gain, they (banks) gain. When you lose, they’re indifferent.”
― Businessman With An Affliction
― Businessman With An Affliction
“Money in the bank is not money – it is an unsecured liability of an occasional insolvent financial institution.”
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