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Quote by Charles Koch

Author

Charles Koch
Charles Koch

Charles Koch is an American businessman, born on November 1, 1935. He is the founder and CEO of Koch Industries, one of the largest private companies in the United States. Koch Industries operates in various industries, including oil, chemicals, and forest products, and is one of the largest private companies in the world. Koch has achieved great success in the business world, but is also a controversial political donor. more

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“In the model that we grew up with, governments rule physical territory in which national economies function, and strong economies support hegemonic military power. In the new model, already emerging under our noses, economic decisions don't pay much attention to national sovereignty in a world where more than half of the one hundred or two hundred largest economic entities are not countries but companies.”

“The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.”

“We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.”

“I met many Russians over the years who were convinced my brothers and I were a cabal, pulling strings behind the scenes to shape American policy. The Soviets had no conception of how a pluralistic democracy works and believed elected officials, up to and including the president of the United States, were only figureheads acting out the roles dictated to them by the real "powers that be" - in this case, my family.”

“There have been people.. ever since I've had any kind of position in the world.. who have accused me of being ruler of the world. I have to say that I think for the large part, I would have to decide to describe them as crack pots. It makes no sense whatsoever, and isn't true, and won't be true, and to raise it as a serious issue seems to me to be irresponsible.”

“Populists believe in conspiracies, and one of the most enduring is that a secret group of international bankers and capitalists, and their minions, control the world's economy. Because of my name and prominence as the head of the Chase for many years, I have earned the distinction of the "conspirator in chief" from these people.”