A Quote by John Adams
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.
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In the U.S. more than any other place, the banking system is insane. Millions of Americans lost their houses. Because of what? Because of the banking system. This American banking system is also coming to Europe. We can say today that the banks and high financiers run the world.
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
Our life is a loan received from death with sleep as the daily interest on this loan.
If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.
Italy spills over to everything. Italy is a huge banking system. It has been the major banking system in Eastern Europe. It's worked with Austria's banking system. There's all sorts of interplays there. So it's not the PIIGS one should worry about. Germany hasn't even begun falling yet. And when Germany falls, and it will, that's when the panic begins to set in.
They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems.
Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.
I've got to say our banking system is a safe and a sound one. And since the days when we've had federal deposit insurance in place, we haven't had a depositor who's got less than $100,000 in an account lose a penny. So the American people can be very, very confident about their accounts in our banking system.
The affairs of America I shall ever look upon as my first business whilst I am in Europe. Any confidence from the king and ministers, any popularity I may have among my own countrymen, any means in my power, shall be, to the best of my skill, and till the end of my life, exerted in behalf of an interest I have so much at heart.
The phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing. ... Now the American citizen can, of course, appeal to his constitution, which states that Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic.
I cannot... perceive any ground for hoping that any practical good would, while the funding system exists in its present extent, result from the adoption of any of those projects, which have professed to have in view what is called Parliamentary Reform... when the funding system, from whatever cause, shall cease to operate upon civil and political liberty, there will be no need of projects for parliamentary reform. The parliament will, as far as shall be necessary, then reform itself.
We conservatives bemoan the decline in values that has besieged our society. Why then should we not abhor the lack of morality involved in discharging untested chemicals into the air, ground, and water to alter and harm, to whatever degree, human life and wildlife? As a conservative, I do abhor it.
The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. [...] Everybody seems to think it is a free and clear open checkbook. It's not. [...] The banking system in China is extremely fragile.
The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile.
The Jews who will it shall achieve their State. We shall live at last as free men on our own soil, and in our own homes peacefully die. The world will be liberated by our freedom, enriched by our wealth, magnified by our greatness. And whatever we attempt there for our own benefit will redound mightily and beneficially to the good of all mankind.
A system of general instruction, which shall reach every description of our citizens, from the richest to the poorest, as it was the earliest, so will it be the latest, of all the public concerns in which I shall permit myself to take an interest.
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