--- title: "Meaning & Key Takeaway of: Essentially, not only do we believe in…" description: "\"Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above ..." image: "https://sms4smile.com/quotes/i/846/andreas-antonopoulos-42298_banking_essentially-not-only-do-we-believe-in-th_2697960.jpg" --- # Essentially, not only do we believe in this myth of… ![“Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely…” quote by Andreas Antonopoulos](https://sms4smile.com/quotes/i/846/andreas-antonopoulos-42298_banking_essentially-not-only-do-we-believe-in-th_2697960.jpg) [Download](https://sms4smile.com/quotes/i/846/andreas-antonopoulos-42298_banking_essentially-not-only-do-we-believe-in-th_2697960.jpg) [Open image](https://sms4smile.com/quotes/i/846/andreas-antonopoulos-42298_banking_essentially-not-only-do-we-believe-in-th_2697960.jpg) > “Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely insolvent banking system. And this can only end badly. The idea that you can do capitalism without risk is ridiculous on its face.” [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Prioritizing risk avoidance over growth stifles innovation and can destabilize economies, leading to harmful outcomes. **In simple terms:** Avoiding risk at all costs harms progress. Key Takeaway Balance risk with opportunity. Themes economics risk management innovation Mood cautious critical Type analytical thought‑provoking When to use this quote - investment strategy - startup funding - policy making - personal finance Key Concepts de‑risking culture systemic fragility Questions to Reflect On - What risks are essential for growth? - How can you mitigate risk without halting innovation? A Different Perspective Risk is inherent and necessary for advancement. ★ ★ ★ ★ ★ No ratings yet [Banking](https://sms4smile.com/quotes/about/banking/) [Banking system](https://sms4smile.com/quotes/about/banking-system/) [Capitalism](https://sms4smile.com/quotes/about/capitalism/) [Economics](https://sms4smile.com/quotes/about/economics/) [Faces](https://sms4smile.com/quotes/about/faces/) [Feds](https://sms4smile.com/quotes/about/feds/) [Goal](https://sms4smile.com/quotes/about/goal/) [Growth](https://sms4smile.com/quotes/about/growth/) [Ideas](https://sms4smile.com/quotes/about/ideas/) [Innovation](https://sms4smile.com/quotes/about/innovation/) [Myth](https://sms4smile.com/quotes/about/myth/) [Risk](https://sms4smile.com/quotes/about/risk/) ## Related quotes > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [I lost my club through a series of circumstances and bad luck. The whole banking system collapsing and my foolish bravery didn't help.](https://sms4smile.com/quotes/simon-jordan/i-lost-my-club-through-a-series-of-circumstances-and-bad-luck-the/) [Simon Jordan](https://sms4smile.com/quotes/author/simon-jordan/) > [ This crisis started probably due to the freedom they gave to the banks. First President \[Ronald\] Reagan and then President \[Bill\] Clinton. So, for… ](https://sms4smile.com/quotes/costa-gavras/this-crisis-started-probably-due-to-the-freedom-they-gave-to-the/) [Costa-Gavras](https://sms4smile.com/quotes/author/costa-gavras/) > [“Pick a leader who will keep jobs in your country by offering companies incentives to hire only within their borders, not one who allows…](https://sms4smile.com/quotes/suzy-kassem/pick-a-leader-who-will-keep-jobs-in-your-country-by-offering/) [Suzy Kassem](https://sms4smile.com/quotes/author/suzy-kassem/) > [I confidently predict the collapse of capitalism and the beginning of history. Something will go wrong in the machinery that converts money into money,…](https://sms4smile.com/quotes/margaret-drabble/i-confidently-predict-the-collapse-of-capitalism-and-the-beginning-of/) [Margaret Drabble](https://sms4smile.com/quotes/author/margaret-drabble/) > [The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities,…](https://sms4smile.com/quotes/hilaire-belloc/the-smaller-man-approaching-our-modern-banking-system-which-controls/) [Hilaire Belloc](https://sms4smile.com/quotes/author/hilaire-belloc/) > [ Is this complicated, risky \[banking\] system the best we can have? ](https://sms4smile.com/quotes/anat-r-admati/is-this-complicated-risky-banking-system-the-best-we-can-have/) [Anat R. Admati](https://sms4smile.com/quotes/author/anat-r-admati/) > [In Africa it's difficult to carry the money, it's difficult to have a banking system with tellers, with distribution of cash. So they are…](https://sms4smile.com/quotes/maurice-levy/in-africa-it-s-difficult-to-carry-the-money-it-s-difficult-to-have-a/) [Maurice Levy](https://sms4smile.com/quotes/author/maurice-levy/) > [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…](https://sms4smile.com/quotes/george-friedman/italy-spills-over-to-everything-italy-is-a-huge-banking-system-it-has/) [George Friedman](https://sms4smile.com/quotes/author/george-friedman/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [The peculiar essence of our banking system is an unprecedented trust between man and man. And when that trust is much weakened by hidden…](https://sms4smile.com/quotes/walter-bagehot/the-peculiar-essence-of-our-banking-system-is-an-unprecedented-trust/) [Walter Bagehot](https://sms4smile.com/quotes/author/walter-bagehot/) ## More by Andreas Antonopoulos > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [What happens when an industry transitions from using one or more 'smart' and centralized networks to using a common, decentralized, open, and dumb network?…](https://sms4smile.com/quotes/andreas-antonopoulos/what-happens-when-an-industry-transitions-from-using-one-or-more/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [It will take time for the idea of decentralized trust through computation to become a part of mainstream consciousness, and until then, the idea…](https://sms4smile.com/quotes/andreas-antonopoulos/it-will-take-time-for-the-idea-of-decentralized-trust-through/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [Bitcoin is a currency, bitcoin is a network, bitcoin is a technology and you can't separate these things. 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Bitcoin allows any application to be…](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-offers-one-service-securely-time-stamped-scripted/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [I just spent the last 8 months working on the second edition of 'Mastering Bitcoin,' and I couldn't even scratch the surface of all…](https://sms4smile.com/quotes/andreas-antonopoulos/i-just-spent-the-last-8-months-working-on-the-second-edition-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [Gradually, decentralized trust will be accepted as a new and effective trust model. We have seen this evolution of understanding before - on the…](https://sms4smile.com/quotes/andreas-antonopoulos/gradually-decentralized-trust-will-be-accepted-as-a-new-and-effective/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) [Explore all 10 Andreas Antonopoulos quotes ](https://sms4smile.com/quotes/author/andreas-antonopoulos/) ## More Banking quotes > [If I could wave a magic wand, I'd break up the banking system.](https://sms4smile.com/quotes/kenneth-c-griffin/if-i-could-wave-a-magic-wand-i-d-break-up-the-banking-system/) [Kenneth C. Griffin](https://sms4smile.com/quotes/author/kenneth-c-griffin/) > [Historically, usury was defined as any interest whatever on an unproductive loan.Our whole banking system I have ever abhorred, I continue to abhor, and…](https://sms4smile.com/quotes/john-adams/historically-usury-was-defined-as-any-interest-whatever-on-an/) [John Adams](https://sms4smile.com/quotes/author/john-adams/) > [I am alive. Up here with the song of the engine and the air whispering on my face as the sunlight and shadows play…](https://sms4smile.com/quotes/stephen-coonts/i-am-alive-up-here-with-the-song-of-the-engine-and-the-air-whispering/) [Stephen Coonts](https://sms4smile.com/quotes/author/stephen-coonts/) > [It's not that I have any general aversion to technology but online banking just seems to be asking for trouble. You can have enough…](https://sms4smile.com/quotes/david-essex/it-s-not-that-i-have-any-general-aversion-to-technology-but-online/) [David Essex](https://sms4smile.com/quotes/author/david-essex/) > [When a government is dependent upon bankers for money, they and not the leaders of the government control the situation](https://sms4smile.com/quotes/napoleon-bonaparte/when-a-government-is-dependent-upon-bankers-for-money-they-and-not/) [Napoleon Bonaparte](https://sms4smile.com/quotes/author/napoleon-bonaparte/) > [“Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises…](https://sms4smile.com/quotes/nassim-nicholas-taleb/suckers-think-that-you-cure-greed-with-money-addiction-with/) [Nassim Nicholas Taleb](https://sms4smile.com/quotes/author/nassim-nicholas-taleb/) > [My father was in real estate, banking, and land management. As family life, it was very conventional, happy, and comfortable. We weren't wealthy, but…](https://sms4smile.com/quotes/julia-child/my-father-was-in-real-estate-banking-and-land-management-as-family/) [Julia Child](https://sms4smile.com/quotes/author/julia-child/) > [I only know one thing: Everything I learned about the banking business, I learned in the banking towers of the Societe.](https://sms4smile.com/quotes/jerome-kerviel/i-only-know-one-thing-everything-i-learned-about-the-banking-business/) [Jerome Kerviel](https://sms4smile.com/quotes/author/jerome-kerviel/) > [I have nothing against investment banking, but it's like massaging money rather than creating money.](https://sms4smile.com/quotes/michio-kaku/i-have-nothing-against-investment-banking-but-it-s-like-massaging/) [Michio Kaku](https://sms4smile.com/quotes/author/michio-kaku/) > [If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.](https://sms4smile.com/quotes/kenneth-fisher/if-you-ve-taken-econ-101-you-know-that-the-quantity-of-money-rises/) [Kenneth Fisher](https://sms4smile.com/quotes/author/kenneth-fisher/) > [I want the best people, not just on the banking side but on innovation and technology.](https://sms4smile.com/quotes/ana-patricia-botin/i-want-the-best-people-not-just-on-the-banking-side-but-on-innovation/) [Ana Patricia Botin](https://sms4smile.com/quotes/author/ana-patricia-botin/) > [“Intellectually and compassionately explaining the reason freedom works is required for credibility.”](https://sms4smile.com/quotes/ron-paul/intellectually-and-compassionately-explaining-the-reason-freedom/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [With post offices and postal workers already on the ground, USPS could partner with banks to make a critical difference for millions of Americans…](https://sms4smile.com/quotes/elizabeth-warren/with-post-offices-and-postal-workers-already-on-the-ground-usps-could/) [Elizabeth Warren](https://sms4smile.com/quotes/author/elizabeth-warren/) > [A banking system is an act of faith: it survives only for as long as people believe it will.](https://sms4smile.com/quotes/michael-lewis/a-banking-system-is-an-act-of-faith-it-survives-only-for-as-long-as/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow…](https://sms4smile.com/quotes/janet-yellen/for-my-own-part-i-did-not-see-and-did-not-appreciate-what-the-risks/) [Janet Yellen](https://sms4smile.com/quotes/author/janet-yellen/) [Browse all 571 Banking quotes ](https://sms4smile.com/quotes/about/banking/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. 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