A Quote by Nigel Farage
I do think that the banking system is now in the most perilous state we've seen in over 70 years.
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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.
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.
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.
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.
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
We lived in a totalitarian system for more than 70 years, and our views are still under its influence. Many heads of state in the former Soviet republics believe that they must have total power.
I've seen so much good Tilly cosplay. I've seen a lot of Captain Killy. I've seen a Cadet Tilly with dreads. I've seen stuff - it's the most incredible experience, and I think I probably fangirl over the cosplayers more than they do over me.
We dont have a good legal justification for breaking up the banking system. But if I could wave a magic wand, Id break up the banking system.
We don't have a good legal justification for breaking up the banking system. But if I could wave a magic wand, I'd break up the banking system.
By the 1890s, the leading Wall Street bankers were becoming increasingly disgruntled with their own creation, the National Banking System... while the banking system was partially centralized under their leadership, it was not centralized enough.
By means of the banking system the distribution of capital as a special business, a social function, is taken out of the hands of the private capitalists and usurers. But at the same time, banking and credit become the most effective means of driving captialist production beyond its own limits and one of the most effective vehicles of crises and swindle.
The past three years have seen a threefold increase in the number of participants of the state guarantee system. It has already exceeded 21 percent, and the trend will continue. We need a national rather than a government program of state guarantees
We are living in a state of constant scientific revolution. There is not a single area that you can name that is now seen as it was seen a hundred years ago. Nothing is left of the world view of one hundred years ago.
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.
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