"And what did the banks do to earn……" — G. Edward Griffin
"And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money."
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G. Edward Griffin
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40 Quotes by G. Edward Griffin
G. Edward Griffin has 40 quotes on this site.
A few more worth reading:
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By remaining behind the scenes, they (the Rothschilds) were able to avoid the brunt of public anger which was directed,…
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Throughout the first half of the nineteenth century, the (Rothschild) brothers conducted important transactions on behalf of the governments of…
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The Civil War was started over economic issues, not slavery. The War was not popular in the North until the…
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In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system…
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In the North, the sale of government bonds was the one measure for raising funds that seemed to work. Even…
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American banks may have been unable to supply adequate loans, but the Rothschild consortium in Britain was both able and…
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The nation's first experiment with the income tax was tried at this time; another violation of the Constitution.
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During the fiscal year ending in 1861, expenses of the federal government had been $67 million. After the first year…
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Converting the war into an antislavery crusade was a brilliant move on Lincoln's part, and it resulted in a surge…
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The European powers had been anxious to see the United States become embroiled in a civil war and eventually break…
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Many Southern Plantation owners were working towards the day when they could convert their investment to more profitable industrial production…
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If Lincoln's primary goal in the War was not the abolition of slavery but simply to preserve the Union, the…
See all 40 quotes by G. Edward Griffin »
More Banks Quotes
This quote is filed under Banks Quotes,
one of 480 quotes in that category. Here are a few more:
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Banks are so protected from liability they would have to really do something that was their mistake in order for…
— Frank Abagnale
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Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to…
— Mary Kay Ash
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The issue which has swept down the centuries and which will have to be fought sooner or later is the…
— Lord Acton
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The privilege of ruling would be in the hands of the skilled and the learned, with a wide scope left…
— Mikhail Bakunin
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The river flows at its own sweet will, but the flood is bound in the two banks. If it were…
— Vinoba Bhave
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Every Republican's voted for it. Look at what they value and look at their budget and what they're proposing. Romney…
— Joe Biden
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And I think the more money you put in people's hands, the more they will spend. And if they don't…
— Michael Bloomberg
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At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call,…
— James Buchan
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This nation is like a spring freshet; it overruns its banks and destroys all who are in its path.
— Sitting Bull
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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional…
— Vince Cable
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Don't blame Wall Street, don't blame the big banks. If you don't have a job and you are not rich,…
— Herman Cain
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I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they…
— Herman Cain
See all 480 Banks Quotes »