---
title: "2 Banking system Quotes By James Rickards"
description: "2 Banking system quotes by James Rickards. Plus more from James Rickards and more Banking system sayings from other authors."
image: "https://sms4smile.com/quotes/i/385/james-rickards-25234_around-the-world_this-he-largest-financial-bailout-in-his_360776.jpg"
---

> [ “This ... he largest financial bailout in history ... was not just a bailout of SVB \[Silicon Valley Bank\]. It was a bailout of over fifty thousand SVB depositors with over $170 billion in deposits. It was a bailout of… ](https://sms4smile.com/quotes/james-rickards/this-he-largest-financial-bailout-in-history-was-not-just-a-bailout/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

[Image](https://sms4smile.com/quotes/i/385/james-rickards-25234_around-the-world_this-he-largest-financial-bailout-in-his_360776.jpg)

> [When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why…](https://sms4smile.com/quotes/james-rickards/when-you-own-gold-you-re-fighting-every-central-bank-in-the-world/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

[Image](https://sms4smile.com/quotes/i/bdb/james-rickards-25234_banking_when-you-own-gold-you-re-fighting-every_2228429.jpg)

## Other authors on Banking system

- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-adnan-pachachi-9524.jpg) Kenneth C. Griffin 5 quotes ](https://sms4smile.com/quotes/about/banking-system/kenneth-c-griffin/)

## More by James Rickards

> [“If an economy has a stagnant labor force operating at a constant level of productivity, it will have constant output but no growth. The…](https://sms4smile.com/quotes/james-rickards/if-an-economy-has-a-stagnant-labor-force-operating-at-a-constant/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“The 1962 Cuban Missile Crisis came well before the current age of AI, yet computers were in use and technology played a critical role…](https://sms4smile.com/quotes/james-rickards/the-1962-cuban-missile-crisis-came-well-before-the-current-age-of-ai/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“It is one thing when prices drift downward over time due to innovation, scalability or other efficiencies. This might be considered “good” deflation and…](https://sms4smile.com/quotes/james-rickards/it-is-one-thing-when-prices-drift-downward-over-time-due-to/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“A country running deficits under the gold exchange standard could find itself like a tenant whose landlord does not collect rent payments for a…](https://sms4smile.com/quotes/james-rickards/a-country-running-deficits-under-the-gold-exchange-standard-could/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [ “This ... he largest financial bailout in history ... was not just a bailout of SVB \[Silicon Valley Bank\]. It was a bailout of… ](https://sms4smile.com/quotes/james-rickards/this-he-largest-financial-bailout-in-history-was-not-just-a-bailout/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.](https://sms4smile.com/quotes/james-rickards/derivatives-serve-practically-no-purpose-except-to-enrich-bankers/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“Printing dollars at home means higher inflation in China, higher food prices in Egypt and stock bubbles in Brazil. Printing money means that U.S.…](https://sms4smile.com/quotes/james-rickards/printing-dollars-at-home-means-higher-inflation-in-china-higher-food/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital…](https://sms4smile.com/quotes/james-rickards/what-does-reflect-reality-very-well-is-complexity-theory-which-comes/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“On the whole, it is difficult to think of another government agency that has failed more consistently on more of its key missions than…](https://sms4smile.com/quotes/james-rickards/on-the-whole-it-is-difficult-to-think-of-another-government-agency/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“Elite support for so-called free trade is due to the fact that elites share a global perspective at odds with the best interests of…](https://sms4smile.com/quotes/james-rickards/elite-support-for-so-called-free-trade-is-due-to-the-fact-that-elites/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“The irony is that when you set out to remove bias you use your own possibly unconscious biases in deciding what's harmful and what…](https://sms4smile.com/quotes/james-rickards/the-irony-is-that-when-you-set-out-to-remove-bias-you-use-your-own/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives.…](https://sms4smile.com/quotes/james-rickards/the-solutions-to-this-systemic-risk-overhang-are-surprisingly/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [“Policy makers respond to economic distress by pursuing polices designed to improve the data. After a while, the data themselves may come to reflect…](https://sms4smile.com/quotes/james-rickards/policy-makers-respond-to-economic-distress-by-pursuing-polices/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and…](https://sms4smile.com/quotes/james-rickards/when-you-own-gold-you-re-fighting-every-central-bank-in-the-world/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

> [The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If…](https://sms4smile.com/quotes/james-rickards/the-problem-right-now-is-that-central-banks-have-not-normalized-their/)

[James Rickards](https://sms4smile.com/quotes/author/james-rickards/)

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