--- title: "Meaning & Key Takeaway of: The phase of the usury system which we…" description: "\"The phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all ..." image: "https://sms4smile.com/quotes/i/58e/ezra-pound-1208_america_the-phase-of-the-usury-system-which-we-a_3191266.png" --- # The phase of the usury system which we are trying to… ![“The phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing. ... Now the American citizen can, of course, appeal to his constitution, which states…” quote by Ezra Pound](https://sms4smile.com/quotes/i/58e/ezra-pound-1208_america_the-phase-of-the-usury-system-which-we-a_3191266.png) [Download](https://sms4smile.com/quotes/i/58e/ezra-pound-1208_america_the-phase-of-the-usury-system-which-we-a_3191266.png) [Open image](https://sms4smile.com/quotes/i/58e/ezra-pound-1208_america_the-phase-of-the-usury-system-which-we-a_3191266.png) > “The phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing. ... Now the American citizen can, of course, appeal to his constitution, which states that Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic.” [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. He critiques the usury system, suggesting the Bank of England benefits from creating money, and notes constitutional limits on monetary power. **In simple terms:** Questions the fairness of money creation. Key Takeaway Critique monetary policy. Themes economics politics law Mood critical analytical Type essay political commentary When to use this quote - financial reform - public policy - citizen activism Key Concepts usury central banking constitutional law Questions to Reflect On - How can citizens influence monetary policy? - What reforms could reduce usury? A Different Perspective Complex legal arguments may be hard to act on. ★ ★ ★ ★ ★ No ratings yet [America](https://sms4smile.com/quotes/about/america/) [American citizen](https://sms4smile.com/quotes/about/american-citizen/) [American citizens](https://sms4smile.com/quotes/about/american-citizens/) [Appeals](https://sms4smile.com/quotes/about/appeals/) [Benefits](https://sms4smile.com/quotes/about/benefits/) [Citizens](https://sms4smile.com/quotes/about/citizens/) [Coins](https://sms4smile.com/quotes/about/coins/) [Congress](https://sms4smile.com/quotes/about/congress/) [Constitution](https://sms4smile.com/quotes/about/constitution/) [Courses](https://sms4smile.com/quotes/about/courses/) [England](https://sms4smile.com/quotes/about/england/) [Foreign Coin](https://sms4smile.com/quotes/about/foreign-coin-5887182/) [Interest](https://sms4smile.com/quotes/about/interest/) [Money](https://sms4smile.com/quotes/about/money/) [Money Regulate](https://sms4smile.com/quotes/about/money-regulate-314888/) [Perception](https://sms4smile.com/quotes/about/perception/) [Phase Usury](https://sms4smile.com/quotes/about/phase-usury-5887180/) [Phases](https://sms4smile.com/quotes/about/phases/) [Quixotic](https://sms4smile.com/quotes/about/quixotic/) [States](https://sms4smile.com/quotes/about/states/) [Trying](https://sms4smile.com/quotes/about/trying/) [Usury](https://sms4smile.com/quotes/about/usury/) [Usury Trying](https://sms4smile.com/quotes/about/usury-trying-5887181/) [Values](https://sms4smile.com/quotes/about/values/) ## Related quotes > [Article 1 Section 8 of the Constitution says Congress has the ability to coin money and regulate the currency and doesn't say anything about…](https://sms4smile.com/quotes/ron-paul/article-1-section-8-of-the-constitution-says-congress-has-the-ability/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to "coin money or regulate the value…](https://sms4smile.com/quotes/william-jennings-bryan/the-money-problem-facing-the-country-from-1789-to-1896-existed/) [William Jennings Bryan](https://sms4smile.com/quotes/author/william-jennings-bryan/) > [Those who know the true use of money, and regulate the measure of wealth according to their needs, live contented with few things.](https://sms4smile.com/quotes/anonymous/those-who-know-the-true-use-of-money-and-regulate-the-measure-of/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [USURY is the cancer of the world, which only the surgeon’s knife of Fascism can cut out of the life of the nations.](https://sms4smile.com/quotes/ezra-pound/usury-is-the-cancer-of-the-world-which-only-the-surgeon-s-knife-of/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [“I agree with Pierre Bayle and with Unamuno that when cold reason contemplates the world it finds not only an absence of God, but…](https://sms4smile.com/quotes/martin-gardner/i-agree-with-pierre-bayle-and-with-unamuno-that-when-cold-reason/) [Martin Gardner](https://sms4smile.com/quotes/author/martin-gardner/) > [Government at all levels in the USA right now is engaged in a quixotic campaign to sustain the unsustainable. We're determined to run WalMart,…](https://sms4smile.com/quotes/james-howard-kunstler/government-at-all-levels-in-the-usa-right-now-is-engaged-in-a/) [James Howard Kunstler](https://sms4smile.com/quotes/author/james-howard-kunstler/) > [“I’m just trying to do my part to save the world.”](https://sms4smile.com/quotes/j-cornell-michel/i-m-just-trying-to-do-my-part-to-save-the-world/) [J. Cornell Michel](https://sms4smile.com/quotes/author/j-cornell-michel/) > [Modern man's capacity for destruction is quixotic evidence of humanity's capacity for reconstruction. The powerful technological agents we have unleashed against the environment include…](https://sms4smile.com/quotes/george-will/modern-man-s-capacity-for-destruction-is-quixotic-evidence-of/) [George Will](https://sms4smile.com/quotes/author/george-will/) > [My resting pulse as a writer is writing idealistically and romantically; aspirationally. 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It is the age-old…](https://sms4smile.com/quotes/gioconda-belli/dare-to-change-the-world-there-is-nothing-quixotic-or-romantic-in/) [Gioconda Belli](https://sms4smile.com/quotes/author/gioconda-belli/) > [It sometimes seems as if curbing entropy is our quixotic purpose in this universe.](https://sms4smile.com/quotes/james-gleick/it-sometimes-seems-as-if-curbing-entropy-is-our-quixotic-purpose-in/) [James Gleick](https://sms4smile.com/quotes/author/james-gleick/) > [The characters in my novels, from the very first one, are always on some quixotic effort of attempting to control something that is uncontrollable…](https://sms4smile.com/quotes/john-irving/the-characters-in-my-novels-from-the-very-first-one-are-always-on/) [John Irving](https://sms4smile.com/quotes/author/john-irving/) > [This too is a jihad. Yet we Americans find ourselves in the dangerous position of going to war not against a state but against…](https://sms4smile.com/quotes/chris-hedges/this-too-is-a-jihad-yet-we-americans-find-ourselves-in-the-dangerous/) [Chris Hedges](https://sms4smile.com/quotes/author/chris-hedges/) > [It may have been quixotic, but it was magnificent.](https://sms4smile.com/quotes/anonymous/it-may-have-been-quixotic-but-it-was-magnificent/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) ## More by Ezra Pound > [“I once saw a small child go to an electric light switch as say, "Mamma, can I open the light?" She was using the…](https://sms4smile.com/quotes/ezra-pound/i-once-saw-a-small-child-go-to-an-electric-light-switch-as-say-mamma/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [“Till now they send him dreams and no more deed; So doth he flame again with might for action, Forgetful of the council of…](https://sms4smile.com/quotes/ezra-pound/till-now-they-send-him-dreams-and-no-more-deed-so-doth-he-flame-again/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [A great age of literature is perhaps always a great age of translations.](https://sms4smile.com/quotes/ezra-pound/a-great-age-of-literature-is-perhaps-always-a-great-age-of/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [It would be about as easy for an American to become a Chinaman or a Hindoo as for him to acquire an Englishness or…](https://sms4smile.com/quotes/ezra-pound/it-would-be-about-as-easy-for-an-american-to-become-a-chinaman-or-a/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [Poets who are not interested in music are, or become, bad poets.](https://sms4smile.com/quotes/ezra-pound/poets-who-are-not-interested-in-music-are-or-become-bad-poets/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [Anyone who is too lazy to master the comparatively small glossary necessary to understand Chaucer deserves to be shut out from the reading of…](https://sms4smile.com/quotes/ezra-pound/anyone-who-is-too-lazy-to-master-the-comparatively-small-glossary/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [Mass ought to be in Latin, unless you could do it in Greek or Chinese. In fact, any abracadabra that no bloody member of…](https://sms4smile.com/quotes/ezra-pound/mass-ought-to-be-in-latin-unless-you-could-do-it-in-greek-or-chinese/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [where the dead walked and the living were made of cardboard.](https://sms4smile.com/quotes/ezra-pound/where-the-dead-walked-and-the-living-were-made-of-cardboard/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [Liberty is not a right but a duty.](https://sms4smile.com/quotes/ezra-pound/liberty-is-not-a-right-but-a-duty/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [The artist is always beginning. Any work of art which is not a beginning, an invention, a discovery is of little worth.](https://sms4smile.com/quotes/ezra-pound/the-artist-is-always-beginning-any-work-of-art-which-is-not-a/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [“Any general statement is like a cheque drawn on a bank. Its value depends on what is there to meet it.”](https://sms4smile.com/quotes/ezra-pound/any-general-statement-is-like-a-cheque-drawn-on-a-bank-its-value/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [The author's conviction on this day of New Year is that music begins to atrophy when it departs too far from the dance; that…](https://sms4smile.com/quotes/ezra-pound/the-author-s-conviction-on-this-day-of-new-year-is-that-music-begins/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [In case I conk out, this is provisionally what I have to do: I must clarify obscurities; I must make clearer definite ideas or…](https://sms4smile.com/quotes/ezra-pound/in-case-i-conk-out-this-is-provisionally-what-i-have-to-do-i-must/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [“Adolf Hitler was a Jeanne d'Arc, a saint. He was a martyr.”](https://sms4smile.com/quotes/ezra-pound/adolf-hitler-was-a-jeanne-d-arc-a-saint-he-was-a-martyr/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) > [I could I trust starve like a gentleman. It's listed as part of the poetic training, you know.](https://sms4smile.com/quotes/ezra-pound/i-could-i-trust-starve-like-a-gentleman-it-s-listed-as-part-of-the/) [Ezra Pound](https://sms4smile.com/quotes/author/ezra-pound/) [Explore all 273 Ezra Pound quotes ](https://sms4smile.com/quotes/author/ezra-pound/) ## More America quotes > [The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory…](https://sms4smile.com/quotes/noam-chomsky/the-costs-of-the-bush-obama-wars-in-iraq-and-afghanistan-are-now/) [Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/) > [Young men, especially in America, write to me and ask me to recommend “a course of reading.” Distrust a course of reading! People who…](https://sms4smile.com/quotes/andrew-lang/young-men-especially-in-america-write-to-me-and-ask-me-to-recommend-a/) [Andrew Lang](https://sms4smile.com/quotes/author/andrew-lang/) > [Well, The Day the Earth Caught Fire was a story... I don't if anybody knows what it is but it was about... in the…](https://sms4smile.com/quotes/val-guest/well-the-day-the-earth-caught-fire-was-a-story-i-don-t-if-anybody/) [Val Guest](https://sms4smile.com/quotes/author/val-guest/) > [So here's what I want you to know, and here's what I want all our men and women in uniform to know: Because of…](https://sms4smile.com/quotes/barack-obama/so-here-s-what-i-want-you-to-know-and-here-s-what-i-want-all-our-men/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [Today, the world looks to America for leadership. 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