Famous quotes with Banking system

• The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance.

  Ron Chernow
• There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth.

  Frederick Soddy
• The modern banking system manufactures money out of nothing.

  Josiah Stamp
• Our banking system is like a bunch of kids stealing from the cookie jar, and when the central bankers are questioned about it, they lie, or they say they're doing it for our own good - and then we keep putting cookies in the jar - and keep allowing them to steal - when all that's really happening is they're getting a free snack on us. They don't even have to be on their best behavior to get the treat!

  John Rocco Savalli
• The problem for China is political. China is held together by money, not ideology. When there is an economic downturn and the money stops rolling in, not only will the banking system spasm, but the entire fabric of Chinese society will shudder. Loyalty in China is either bought or coerced. Without available money, only coercion remains. Business slowdowns can generally lead to instability because they lead to business failure and unemployment. In a country where poverty is endemic and unemployment widespread, the added pressure of an economic downturn will result in political instability.

  George Friedman

Related words & questions

Related words: bank, the bank of england, bank of america, bank of scotland, banking systems, banks in the us, best banking system, best bank in the world, top banks in the world, top banks in canada

Related questions:

Why is the bank of england important?

What is the bank of england?

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