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.— Thomas Jefferson
Bashful Central Banking quotations
Each day of our lives we make deposits in the memory banks of our children.
The rich will strive to establish their dominion and enslave the rest.
They always did...they always will. They will have the same effect here as elsewhere, if we do not, by the power of government, keep them in their proper spheres.
I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country.
Your diet is a bank account, good food choice are good investments.
You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.
The bank hath benefit of interest on all moneys which it creates out of nothing.
Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.
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.
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.
Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
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.’
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
The increase in the assets of the Federal Reserve Banks from 143 Million dollars in 1913 to 45 Billion dollars in 1949 went directly to the private stockholders of the [Federal Reserve] banks.
The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.
It is no coincidence that the century of total war coincided with the century of central banking.
Thanks to the central bank, most "monetary experts" and "leading macro-economists" can, by putting them on the payroll, be turned into government propagandists "explaining," like alchemists, how stones (paper) can be turned into bread (wealth).
The establishment of a central bank is 90% of communizing a nation.
We made a decision that monetary policy will be made by an independent European Central Bank.
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
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.
We are in the midst of a once-in-a-century credit tsunami.
Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.
The Central Bank is an institution of the most deadly hostility existing against the principles and form of our Constitution.
I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.
We in the Congress have a moral and constitutional obligation to protect the value of the dollar and to understand why it is so important to the economy that a central bank not be given the unbelievable power of inflating a currency at will and pretending that it knows how to fine-tune an economy through this counterfeit system of money.
When the secretary of treasury, the head of the central bank, the head of the FDIC (Federal Deposit Insurance Corp.), and the head of the New York Fed say, "We want you to do this because we think it's in the best interest of the United States of America," you know, we're like the Japanese. We're a little patriotic that way. We said, "Yes, sir!"
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 come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the world.
Insanity has infected all the central banks of the world.
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.
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.
Inflation is a monetary phenomenon. It is made by or stopped by the central bank.
I am a most unhappy man. I have unwittingly ruined my country.
The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government's greatest creative opportunity.