Banking System Quotes

“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows corporations to outsource jobs for cheaper labor when there is a national employment crisis. Choose a leader who will invest in building bridges, not walls. Books, not weapons. Morality, not corruption. Intellectualism and wisdom, not ignorance. Stability, not fear and terror. Peace, not chaos. Love, not hate. Convergence, not segregation. Tolerance, not discrimination. Fairness, not hypocrisy. Substance, not superficiality. Character, not immaturity. Transparency, not secrecy. Justice, not lawlessness. Environmental improvement and preservation, not destruction. Truth, not lies.”
― Suzy Kassem, Rise Up and Salute the Sun: The Writings of Suzy Kassem

“Usury is the cancer of the world, which only the surgeon's knife of fascism can cut out of the life of the nations.”
― Ezra Pound, What is Money For?

“Banks are nothing but old fashioned money lenders. They encourage you to borrow, to get in debt, and when you can't pay back the loan they take your home away. At least a money lender only breaks your legs.”
― Karl Wiggins, 100 Common Sense Policies to make BRITAIN GREAT again

“What businesses need from a bank is significantly different from what individuals need from a bank.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“Banking is transforming. What a bank will be in 2030 is going to be significantly different from what a bank has been for the past few hundred years.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“A healthy Banking system is one of the vital parts of a nation's foundation.”
― Hendrith Smith, Essays on The Banking Industry

“Banks are to the economy what the heart is to the human body. They cycle necessary capital through the whole, and they are barely noticed until pressure, necessity, or crises.”
― Hendrith Smith, Essays on The Banking Industry

“I think decentralized finance and traditional banking are going to experience a kind of hybridization within the next few decades; a blending together that results in something greater than the sum of its parts.”
― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“If Congress has the right under the constitution to issue paper money, it was given them to be used by themselves, not to be delegated to individuals or corporations.”
― Andrew Jackson

“The bank - or the Company - needs - wants -insists - must have - as though the bank or the Company were a monster, with thought and feeling, which had ensnared them... The banks were machines and masters all at the same time...
They breathe profits; they eat the interest on money. If they don't get it they die... It is a sad thing, but it is so. It is just so.”
― John Steinbeck, The Grapes of Wrath

“The purpose of a centralized financial system or any other system, is not to exploit people, but to ensure stability in the society.”
― Abhijit Naskar, The Gospel of Technology

“Blockchain itself is not dangerous, but if we start using decentralized blockchain as a complete substitute for our traditional transaction methods, then I am afraid, it would destroy the very human foundation of our financial system.”
― Abhijit Naskar, The Gospel of Technology

“Centralized blockchain can be a great boon to the society, especially in the developing parts of the world, whereas decentralized blockchain will only cause chaos and destruction.”
― Abhijit Naskar, The Gospel of Technology

“Those that think banks and governments are making them poor haven't seen the whole picture. Poverty is the act of trusting their system.”
― Robin Sacredfire

“Incorporating cryptocurrency in the traditional centralized financial system not only speeds up transactions exponentially, but also it makes the system more user-friendly, whereas in a decentralized system cryptocurrency will only breed insecurity and chaos, due to the utter absence of liability.”
― Abhijit Naskar, The Gospel of Technology

“A bank is but honesty with a premium. At least this is what it is supposed to be.”
― Lamine Pearlheart, The Sunrise's Commandment

“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the Nation, therefore, and all our activities are in the hands of a few men ♦ ♦ *, We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilised world — no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of small groups of dominant men.”
― Woodrow Wilson, The New Freedom: A Call For the Emancipation of the Generous Energies of a People

“Sonnet of Cryptocurrency

The reason people are nuts about cryptocurrency,
Is that they hear the magic phrase regulation-free.
But what they forget to take into account,
Is that it also means the user alone bears liability.
The purpose behind a centralized system,
Is not exploitation but to provide trust and stability.
Anything that is decentralized on the other hand,
Is a breeding ground for fraud and volatility.
Not every fancy innovation is gonna benefit society,
Innovation without accountability is only delusion.
Cryptocurrency can be a great boon to banking,
If it merges with the centralized financial institution.
Intoxication of tech is yet another fundamentalism.
Algorithm without humanity is digital barbarism.”
― Abhijit Naskar, Hometown Human: To Live for Soil and Society

“Banks were once an extremely valuable part of the economy and did a lot of good in advancing civilization. Banks played a pivotal role in financing big projects like roads, bridges, factories, stadiums, etc. Banks were to the economy what the heart is to the human body. But that has ended.

Traditional banks have become extra toxic entities in the economy. It’s partially the fault of excessive government regulations that have made everything dysfunctional and it’s partially the fault of greedy bankers putting profits above customers and shareholders above society... But nonetheless, banks today offer very little benefit to their clients. They pay barely anything in interest. They offer barely anything in growth. They move money too slowly. They’re too restrictive. They’re selling the same boring products and services they did a hundred years ago. And they have too much power over peoples accounts. Soon, the many new companies and applications that emerge on the Ethereum infrastructure will eliminate the need for traditional banks and eliminate their value proposition by providing people with superior value. Everything from growth to asset management to lending can be done even better on the Ethereum infrastructure by anyone.”
― Hendrith Vanlon Smith Jr

“We have, in this country, one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board. This evil institution has impoverished the people of the United States and has practically bankrupted our government. It has done this through the corrupt practices of the moneyed vultures who control it.”
― Louis T. McFadden

“Currency is like God, it exists as long as people believe in it.”
― Abhijit Naskar, The Gospel of Technology

“Money in the bank is not money – it is an unsecured liability of an occasional insolvent financial institution.”
― James Rickards

“When you gain, they (banks) gain. When you lose, they’re indifferent.”
― Anas Hamshari, Businessman With An Affliction

“I never robbed a bank that didn't deserve it.”
― Koikka

“Inasmuch as the Bank of England became the main note-issuing bank and that some of the smaller banks elected to use Bank of England notes rather than issue new notes themselves, the private banks became very dependent upon the Bank of England. They had accounts with the Bank, and kept their reserves with it, and when they ran into difficulties because of a lack of confidence as to their ability to repay depositors on demand (i.e., a run on a bank), they relied on whatever support they could get from the Bank of England.”
― D.P. Whiting, Mastering Banking

“Religiously speaking, interest is an act of theft.”
― Mwanandeke Kindembo

“একটি অর্থনীতির সব টাকাই যদি ঋণ হিসেবে প্রবেশ করে, তাহলে সব ঋণ মহাজনকে বা কেন্দ্রীয় ব্যাংকে পরিশোধ করে দিলে দেশে কোন টাকাই থাকে না। আর টাকা ছাড়া যেহেতু একটি দেশ চলতে পারে না, এর মানে দাঁড়াচ্ছে কোন দেশই ঋণ থেকে মুক্ত হতে পারবেনা।”
― মোহাইমিন পাটোয়ারী, ব্যাংকব্যবস্থা ও টাকার গোপন রহস্য

“ন্যায্য মুদ্রা এবং মুক্ত ব্যাংকিং ব্যবস্থা অসম্ভব নয় বরং এটি এক প্রকার নিষিদ্ধ।

—হ্যান্স এফ. সেনহোলজ
আমেরিকান অস্ট্রিয়ান অর্থনীতিবিদ ও লেখক”
― মোহাইমিন পাটোয়ারী, ব্যাংকব্যবস্থা ও টাকার গোপন রহস্য

“The more I ponder, I wonder if this isn't a searing, modern example of the peasants' historic inclination to doff their caps and tug their forelocks. To take their punishment and to remain silent. The banks tell us to believe the hype, the spin, to praise their brilliance and sophistication. They're smart because they say they are - and we accept they are because they say they are.”
― Chris Blackhurst, Too Big to Jail: Inside HSBC, the Mexican Drug Cartels and the Greatest Banking Scandal of the Century

“It doesn't matter if you start late, as long as you start.”
― Clifford Thurlow, How to Rob the Bank of England: Keith Cheeseman Reveals the True Story of Britain’s Biggest Ever Robbery