A Quote by Salmon P. Chase
My agency in promoting the passage of the National Bank Act was the greatest financial mistake of my life. It has built up a monopoly, which affects every interest in the country. It should be repealed, but before that can be accomplished, the people will be arrayed on one side and the banks on the other, in a contest such as we have never before seen in this country.
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My agency in promoting the passage of the National Banking Act was the greatest mistake of my life. It has built up a monopoly which affects every interest in the country
The refunding of the national debt at a lower rate of interest should be accomplished without compelling the withdrawal of the national-bank notes, and thus disturbing the business of the country.
So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?
I also know that it's not about me, it's about all of you and it's about our country, I know that, I fully understand that. That's why I got involved. It's about all of us together as a country. It's a movement the likes of which we have never in history in this country seen before, never in history. Even the pundits, even the media - that truly dislikes Donald Trump for their own reasons - will admit this is a movement the likes of which people have never seen before.
If the U.S. doesn't have an export credit agency, which is what the Export-Import Bank is, then we can't compete with other countries that do. Every other country in the world that competes in aerospace has an export credit agency.
Our whole system of banks is a violation of every honest principle of banks. There is no honest bank but a bank of deposit. A bank that issues paper at interest is a pickpocket or a robber. But the delusion will have its course. ... An aristocracy is growing out of them that will be as fatal as the feudal barons if unchecked in time.
In the heart of the Great Depression, millions of American workers did something they'd never done before: they joined a union. Emboldened by the passage of the Wagner Act, which made collective bargaining easier, unions organized industries across the country, remaking the economy.
Before passage of this [Federal Reserve] Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.
One of the things that we have to change in this country is the idea that people can't disagree without challenging each other's character and patriotism. I have never suggested that Sen. McCain picks his positions on national security based on politics or personal ambition. I have not suggested it because I believe that he genuinely wants to serve America's national interest. Now, it's time for him to acknowledge that I want to do the same. Let me be clear: I will let no one question my love of this country.
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.
The U.S. should never get involved where we have no clear national interest. We should not intervene militarily in a country like Syria, where we can’t separate friend from foe and might end up arming the very people who hate us the most.
No man should be viewed as having more to offer the world than another. We are all equals and every human being has something of value in their composition which makes them unique, just as every country has their own unique resources to share with the world. Never discount somebody based on material wealth, for true wealth is what cannot be seen. Never discount a country by what they can't provide your country, while their resources may benefit other lands in need.
Our children are the rock on which our future will be built, our greatest asset as a nation. They will be the leaders of our country, the creators of our national wealth, those who care for and protect our people.
What we've seen over the last decade is we've seen a departure from the traditional work of the National Security Agency. They've become sort of the national hacking agency, the national surveillance agency. And they've lost sight of the fact that everything they do is supposed to make us more secure as a nation and a society.
I think that my stance on having people come in to this country that we have no idea who they are and in certain cases you will have radical Islamic terrorism. I'm not going to have it in this country. I'm not going to let what happened to France and other places happen here. We have hundreds of thousands of people that have been allowed into our country that should not be here. They shouldn't be here. They have no documentation and they were allowed under the previous administrations, they were allowed into our country. It's a big mistake.
I not only rejoice, but congratulate my beloved country Texas is reannexed, and the safety, prosperity, and the greatest interest of the whole Union is secured by this great and important national act.
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