Sayings that inspire
"Without a sustainable and equitable common currency, socio-economic stability cannot be achieved nor can a ecological disaster be averted." ~ Anonym
"Have we thought about the fact that usury (in the form of interests on loans) holds people as well as nations under the siege of the banks and multinational financial institutions?" ~ Dr. Saleh As-Saleh
"Capitalism allows ownership without limits. This produces political, social, and economical injustice, as is evident in capitalist countries. On the other hand the failed communism suppressed the inclination of man towards private ownership. Islam responds in a perfectly balanced way when it deals with the human soul." ~ Dr. Saleh As-Saleh
"Banks are just sophisticated Ponzi schemes." ~ US Senator John Kennedy
"Compound interest on debt was the banker’s greatest invention, to capture, and enslave, a productive society.” ~ Albert Einstein
"Capitalism is, fundamentally, an economic system that promotes inequality." ~ Annalee Newitz
"The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation." ~ Vladimir Lenin
“If you want to be slaves of the bankers, and pay the costs of your own slavery, then let the banks create money.”~ Lord Stamp
“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” ~ Ronald Reagan
"Give a man a gun and he can rob a bank, but give a man a bank, and he can rob the world." ~ Jim Trotter
"Monetary expansion is a massive scheme of hidden redistribution." ~ Murray Rothbard
"Nervi belli pecunia infinita - Endless money forms the sinews of war"~ Marcus Tullio Cicero
"For capitalism, war and peace are business and nothing but business." ~ Karl Liebknecht
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled." ~ John Kenneth Galbraith
“Deficit spending is simply a scheme for the confiscation of wealth..." ~ Alan Greenspan, former Federal Reserve Chairman
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." ~ Ludwig von Mises
"Fiat money dislikes morality and creates an immoral society." ~ Unknown
"Inflation is the one form of taxation that can be imposed without legislation." ~ Milton Friedman
"Don't think money does everything or you are going to end up doing everything for money." ~ Voltaire
"Capitalism proceeds through creative destruction.* What is created is capitalism in a 'new and improved' form - and what is destroyed is self-sustaining capacity, livelihood and dignity of its innumerable and multiplied 'host organisms' into which all of us are drawn/seduced one way or another." ~ Zygmunt Bauman
“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.” ~ Vladimir Lenin
“Mere inflation-that is, the mere issuance of more money, with the consequence of higher wages and prices-may look like the creation of more demand. But in terms of the actual production and exchange of real things it is not.” ~ Henry Hazlitt
“Whomsoever controls the volume of money in any country is absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” ~ James A. Garfield
“Capitalism’s concept of competitive man who seeks only to maximize wealth and power, who subjects himself to market relationships, to exploitation and external authority, is anti-human and intolerable in the deepest sense.” ~ Noam Chomsky
“...there is no way to protect savings from confiscation through inflation. There is no safe store of value.” ~ Alan Greenspan
"It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all." ~ Thomas Sowell
“If there were no debts in our money system, there wouldn't be any money. Imagine it if you can — no debt, no money.” ~ Marriner Eccles
"Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system." ~ Martin Luther King, Jr.
“The lesson is clear. Inflation devalues us all.” ~ Margaret Thatcher
“In truth, money is not created until the instant it is borrowed. It is the act of borrowing which causes it to spring into existence. And, incidentally, it is the act of paying off the debt that causes it to vanish.” ~ G. Edward Griffin
"Continued inflation inevitably leads to catastrophe." ~ Ludwig von Mises
"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar or coin or currency in circulation." ~ Robert Hemphill, Credit Manager of the Federal Reserve Bank
"Most people imagine that if they borrow from a bank, they are borrowing other people’s money. In fact, when banks and building societies make any loan, they create new money. Money loaned by a bank is not a loan of pre-existent money; money loaned by a bank is additional money created." ~ Michael Rowbotham
"Where did the money come from? It came – and this is the most important single thing to know about modern banking – it came out of thin air. Commercial banks – that is, fractional reserve banks – create money out of thin air." ~ Murray Rothbard
“… by far the largest role in creating money is played by the banking sector… When banks make loans they create additional deposits for those that have borrowed the money.” ~ Paul Tucker, Deputy Governor of the Bank of England
*Note: read BBB - Build Back Better