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Josiah Stamp Money Quotation saying creation of money is controlled entirely by banks by manipulating their ledger to make it all from scratch. Josiah Stamp said:
Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.
— Josiah Stamp
Marriner Eccles Money Quotation saying The money and banking system relies on debt to finance the creation of new capital – without one the other doesn’t exist. Marriner Eccles said:
If there were no debts in our money system, there wouldn’t be any money
— Marriner Eccles
Satyajit Das Money Quotation saying finance is made complex to hide its simplistic goal of fleecing all pariticpants in banking. Satyajit Das said:
Modern finance is generally incomprehensible to ordinary men and women … The level of comprehension of many bankers and regulators is not significantly higher. Like the wolf in the fairy tale: ‘All the better to fleece you with’
— Satyajit Das
Kurt Vonnegut Money Quotation providing description of a money tree from Slaughterhouse Five character Kilgore Trout. Kurt Vonnegut said:
Trout, incidentally, had written a book about a money tree. It had twenty-dollar bills for leaves. Its flowers were government bonds. Its fruit was diamonds.
— Kurt Vonnegut
HSBC Chief Economist Stephen King Money Quotation saying he’s concerned that the global economic recovery has used all resources to prop up economy. HSBC Chief Economist Stephen King said:
The world economy is sailing across the ocean without any lifeboats to use in case of emergency
— Stephen King
J.R.R. Tolkien Money Quotation saying Dwarves can make good accountants when you find good hearts you can trust among them. J.R.R. Tolkien said:
There it is: dwarves are not heroes, but calculating folk with a great idea of the value of money; some are tricky and treacherous and pretty bad lots; some are not, but are decent enough people like Thorin and Company, if you don’t expect too much
— J.R.R. Tolkien
Professor of Finance at Massachsetts Institute of Technology Andrew Lo Money Quotation saying Neuroscientists have shown that monetary gain stimulates our brains in the same way as cocaine, in both instances, dopamine is released in the pleasure centers of the brain. Andrew Lo said:.
In the case of cocaine, we call this addiction. In the case of monetary gain, we call it capitalism
— Andrew Lo
Timothy Geitner Money Quotation saying as United States Secretary of the Treasury, under President Barack Obama, from 2009 to 2013 that prosecuting bankers would not have been productive in saving the economy. Timothy Geitner said:
Trying to mete out punishment to perpetrators during a genuinely systemic crisis – by letting major firms fail … can pour gasoline on the fire. Old Testament vengeance appeals to the populist fury of the moment, but the truly moral thing to do during a raging financial inferno is to put it out — Timothy Geitner