Posts Tagged ‘banking’
Next Page »Chris Martenson: Debtors Rescued
on Saturday, July 1, 2023Meaning of Chris Martenson Money Quote: saying Savers must be punished with low interest rates, while debtors must pay high rates so more profitable loans can be offered and creating less savings. Chris Martenson said:
“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” — Chris Martenson
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Hendrith Smith Jr: Transform Banks
on Thursday, June 1, 2023Meaning of Hendrith Vanlon Smith Jr Money Quote: saying banks are evolving to more modern finance organizations. Hendrith Vanlon Smith Jr said:
“Banking is transforming. What a bank will be in 2030 is going to be significantly different from what a bank has been for the past few hundred years” — Hendrith Vanlon Smith Jr
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Tim Madden: Banking IS Fraud
on Monday, May 22, 2023Meaning of Tim Madden Money Quote: saying Banks not simply having some aspects of fraudulent activity, but actually epitomize fraud. Tim Madden said:
“Banking doesn’t involve fraud, banking IS fraud” — Tim Madden
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Nassim Nicholas Taleb: Cure Greed
on Friday, April 14, 2023Meaning of Nassim Nicholas Taleb Money Quote: saying it’s naive to believe that experts in finance industry, of greed, banking & Economics. Nassim Nicholas Taleb said:
“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending” — Nassim Nicholas Taleb
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John Kenneth Galbraith: Paper $
on Monday, June 13, 2022John Kenneth Galbraith Money Quote saying commercial and central banking has differing nationalities controlling them. John Kenneth Galbraith said:
“If the history of commercial banking belongs to the Italians and of central banking to the British, that of paper money issued by a government belongs indubitably to the Americans” — John Kenneth Galbraith
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Thomas Jefferson: Banking Armies
on Saturday, March 5, 2022Thomas Jefferson Money Quote saying banks are more dangerous than soldiers spending our money on huge scale. Thomas Jefferson said:
“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
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John Adams: Abhor Banking System
on Wednesday, October 27, 2021John Adams Money Quote saying banking is abhorrent when it’s about profit for bankers rather than the public good. John Adams said:
“Funds and Banks. I never approved or was Satisfied with our Funding System. It was founded on no consistent Principle. It was contrived to enrich particular Individuals at the public Expence. Our whole banking System I ever abhored, I continue to abhor, and shall die abhorring” — John Adams
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James Buchan: Suicidal Banking
on Tuesday, May 25, 2021James Buchan Money Quote saying bankers commit dangerous and self-destructive things that put their depositors at risk. James Buchan said:
“At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid” — James Buchan
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