Banking System Quotes

Banking System Quote of the day

The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight-of-hand that was ever invented.

The modern banking system manufactures money out of nothing.

A banking system is an act of faith: it survives only for as long as people believe it will.

It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.

Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and I shall die abhorring.

Only put money in the banking system that you can afford to lose!

You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent.

The eyes of our citizens are not sufficiently open to the true cause of our distress. They ascribe them to everything but their true cause, the banking system

We dont have a good legal justification for breaking up the banking system. But if I could wave a magic wand, Id break up the banking system.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

I do think that the banking system is now in the most perilous state we've seen in over 70 years.

Is this complicated, risky [banking] system the best we can have?

The fact of the matter is, we have the strongest banking system in the world.

You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.

If you want to change the way your banking system is regulated, if you want to learn the mistakes of what's gone wrong, then you have to change your government.

In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are using their mobile phones.

Our banking system grew byaccident; and wherever something happens byaccident, it becomes a religion.

Usury is the cancer of the world, which only the surgeon's knife of fascism can cut out of the life of the nations.

Those that think banks and governments are making them poor haven't seen the whole picture. Poverty is the act of trusting their system.