Best Central Banks Quotes | Short & Famous Sayings Page 3

“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess”

Promise Mercy Historical Mediums Making Money Banking Loan Bankers Monetary New World Order Transactions Central Banks Monetary System Bankers And Banks Banks And Money

Author:Irving Fisher

“I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut quickly enough to stimulate alternative investments. But I had to face the fact that speculative bubbles usually are followed by recessions. My excuse has been that this was because the policy makers moved too slowly - that central banks were typically too slow to cut interest rates in the face of a burst bubble, giving the downturn time to build up a lot of momentum.”

“There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.”

“By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.”

May Country States Government Economy Issues Risk Members Creating Economics Print Exposed Currency Absent Default Central Banks Developed Country Depreciate

Author:George Soros

“The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.”

World Economy Discipline Financial Dependent Assets Stable Globalization Monetary Hallmark Global Economy Central Banks Financial Markets

Book:Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization

Source: Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization

“The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity.”

Government Opportunity Creative Creating Privilege Supreme Monetary Central Banks Prerogative Bankers And Banks Central Banking

Author:Abraham Lincoln

“The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.”

Amount Capitalism Thirds Currency Reserves Great Depression Circulation Federal Reserve Central Banks Contracting

Author:Milton Friedman

“The money power preys on the nation in times of peace, and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than autocracy, more selfish than bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes.”

“And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government. Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.”

“This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized.”

“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.”

“People think what's in the US today is capitalism. It's not even close to capitalism. Capitalism doesn't have a central bank, capitalism doesn't have taxes, it doesn't have regulations; capitalism is just voluntary transactions. What they have in the US today I call crapitalism. But it's sad that so many people are confused and they think, 'Oh that's free markets in the US', when it's one of the least free market countries on earth.”

People Thinking Country Today Earth Taxes Capitalism Confused Regulation Free Market Transactions Central Banks

Author:Jeff Berwick

“Unless we have a Central Bank with adequate control of credit resources, this country is going to undergo the most severe and far reaching money panic in its history.”

Country Resources Credit Reaching Panic Severe Adequate Central Banks

Author:Jacob Schiff

“The result of observing only the universe is anxiety. Only observing the Observer of the universe will put a stop to a man's worrying and fussing and scheming. When his interest is diverted inwards he naturally relaxes his hold - his stranglehold - on the outer world. Having withdrawn his capital and paid it into his own Central Bank (where it appreciates to infinity), he has nothing to lose out there and no reason for interfering. He knows how to let things be and work out in their own time. He's in no hurry. Knowing the Self, he can hardly fail to trust its products.”

“In a small Swiss city sits an international organization so obscure and secretive... Control of the institution, the Bank for International Settlements, lies with some of the world's most powerful and least visible men: the heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen.”

“You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

Eternal Presidential New World Thieves Banking Bankers Monetary New World Order World Order Federal Reserve Central Banks Dens Nwo Banking System One World Government Vipers Central Banking Rothschild

Author:Andrew Jackson

“The bold effort the present (central) bank had made to control the government ... are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”

People Should Made Government Effort Fate Institutions Historical Establishment Deluded Central Banks Premonition Bankers And Banks

Author:Andrew Jackson

“The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the international bankers.”

Knows Men World Doe Running Nations Sound Voice Institutions Historical International Reserves Banking Bankers Federal Reserve Central Banks Monetary System Central Banking

Author:Louis Thomas McFadden

“The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.”

“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.”

Hands Process Pieces Modern Historical Banking Bankers Federal Reserve Central Banks Banking System Monetary System Globalism Bankers And Banks Sleight Of Hand Banks And Money Modern Slavery

Author:Josiah Stamp

“A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.”

Government Able Achievement Independence Expected Objectives Judged Central Banks

Author:Ian Macfarlane

“The Federal Reserve bank buys government bonds without one penny.”

Government Reserves Banking Pennies Federal Reserve Central Banks Central Banking

Author:John C. Danforth

“I am a most unhappy man. I have unwittingly ruined my country.”

“The job of the Central Bank is to worry.”

Jobs Worry Finance Central Banks

Author:Alice Rivlin

“Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.”

“There are five main purposes of central bank cooperation"..."the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful.”

Might Purpose Effort Five Influence Circumstances Gold International Credit Assets Cooperation Joints Provision Central Banks Joint Efforts Foreign Exchange

Author:William Smith White

“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.”

Facts Century Unique Standards Gold Objectives Tendencies Boards Stability Currency Passive Banking Inflation Nineteenth Century Central Banks Gold Standard Prominence Price Stability

Author:Paul Volcker

“We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.”

Ifs Might House Difficult Taken Cost Gold Rose Active Manage Feds Abyss Trading Central Banks Gold Price

Author:Eddie George

“There could be some compromise, but I think we have to stick to the provisions of the treaty, and the provisions of the treaty are saying that the president is appointed for a mandate of eight years time. I think it would be very damaging for the European Central Bank if there would be a splitting of this mandate.”

Ifs Thinking Years Would Be President Sticks Eight Compromise Provision Treaties Mandates Central Banks Splitting

Author:Jacques Santer

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.”

Source: Tragedy and Hope: A History of the World in Our Time

“The central bank needs to be able to make policy without short term political concerns.”

Needs Able Political Term Policy Concern Short Term Central Banks

Author:Ben Bernanke

“Each central banksought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”

“Japan's experience suggests the importance of assessing the sustainability of price stability over a fairly long period, which many central banks have emphasized in recent years.”

Years Long Periods Importance Japan Stability Sustainability Central Banks Assessing Price Stability

Author:Toshihiko Fukui

“All problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.”

Knows World Needs Has Beens War Country Done Problem Politician Paid International Disaster Thanks Conspiracy World History Bankers Assassination Central Banks

Author:Mary Elizabeth Croft

“When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.”

World Long Government Fighting Interest Powerful Influence Gold Rate Conspiracy Currency Tickets Banking Interest Rate Central Banks Banking System Central Banking

Author:James Rickards

“Insanity has infected all the central banks of the world.”

World Insanity Central Banks

Author:David Stockman

“It is clear to me that the financial sector, including CNBC, loves central banks”

Clear Including Financial Central Banks

Author:Marc Faber

“Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. (...) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed.”

People Years Long Ends Enough Policy Hundred Feds Controlled Chapters Reserves Monetary Federal Reserve Central Banks Secretive Monetary Policy

Author:Ron Paul

“Meyer [sic] Amschel Rothschild, who founded the great international banking house of Rothschild which, through its affiliation with the European Central Banks, still dominates the financial policies of practically every country in the world, said: ‘Permit me to issue and control the money of a nation, and I care not who makes its laws.’”

World Said Stills Country Care Law House Nations Issues Policy Financial International Permit I Care Banking Central Banks Affiliation Rothschild

Author:Mayer Amschel Rothschild

“A private central bank issuing the public currency is a greater menace to the liberties of the people than a standing army. We must not let our rulers load us with perpetual debt.”

People Liberty Greater Standing Army Debt Perpetual Rulers Load Currency Menace Central Banks

Author:Thomas Jefferson

“I have two great enemies, the Southern Army in front of me and the bankers in the rear. Of the two, the one at my rear is my greatest foe.”

Two Enemy Fronts Army Southern Banking Foe Bankers Federal Reserve Central Banks Central Banking

Author:Abraham Lincoln

“The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency”

Three Goal Exercise Protect Making Money Feds Panic Currency Folds Bankers Entry Ungrateful Central Banks Persuading Newcomers Cartels Cad Commercial Banks

Author:Gary North

“If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.”

“The case against a fully independent central bank is strong indeed.”

Strong Cases Independent Central Banks

Book:The essence of Friedman

Source: The essence of Friedman

“There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.”

Country Courses Structure Reserves Federal Reserve Central Banks European Countries

Author:Robert C. Solomon

“We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world.”

Source: The New Freedom: [Illustrated & Biography Added]

“Even the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.”

Moments Waiting Levels Huge Needed Resources Calm Drawing Acceptable Reserves Intervention Central Banks Romania

Author:Traian Basescu

“In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months.”

People Economy Months Six Oil Bubbles Commodity Six Months Housing Central Banks Cuckoos Housing Bubble

Author:Marc Faber

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Central Banks Quotes