“The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.” StatesValuesNationsUnitedResultsUnited StatesImpossibleRiskEffectsSeriousCostConsequenceDollarsFinancialCongressIllCreditConclusionDamageSenateContemplatingLegislationDefaultDisruptionLeading MeFinancial Markets Author:Ronald Reagan
“It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people's credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.” PeopleIfsMadeCountryStatesWholeGovernmentInterestWealthUnitedUnited StatesProgressPolicyBenefitsBasesEdgesProsperityCreditDebtErasReceivingCurrencyBankersCollectorsContributingState GovernmentNational DebtUnited States Government Author:Thomas A. Edison
“Some people think the Federal Reserve Banks are US government institutions. They are not... they are private credit monopolies which prey upon the people of the US for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.” PeopleThinkingHas BeensMadeStatesGovernmentUnitedMoneyEffortBreakUnited StatesRichCrimeTruth IsBenefitsEconomicsRelationInstitutionsCreditFedsReservesBankingTaxationPreyMonopolyFederal ReservePredatoryLendersForeign RelationsSwindlersMoney Lenders Author:Louis Thomas McFadden
“Nobody gets to threaten the full faith and credit of the United States just to extract political concessions.” StatesPoliticalUnitedUnited StatesCreditConcessions Author:Barack Obama
“We've incentivized people in the past to maybe turn their vehicles over, you know sooner rather than later. And in the United States with the squeeze on discretionary income and credit that even as the economy comes back there's probably more of a chance than not that it'll be a slower recovery on auto sales.” PeopleKnowsStatesPastTurnsChanceUnitedUnited StatesEconomyCreditIncomeRecoveryOver YouVehiclePeople From The Past Author:Alan Mulally
“He smote the rock of the national resources, and abundant streams of revenue gushed forth. He touched the dead corpse of the Public Credit, and it sprung upon its feet. The fabled birth of Minerva, from the brain of Jove, was hardly more sudden or more perfect than the financial system of the United States, as it burst forth from the conceptions of Alexander Hamilton.” StatesPerfectUnitedBrainUnited StatesFeetRocksBirthResourcesFinancialCreditStreamsTouchedConceptionRevenueCorpsesSprungHamiltonFinancial SystemMinerva Author:Daniel Webster