Federal Reserve Quotes - Page 4

• Por este medio (la banca de reserva fraccionaria) el gobierno puede, en secreto y sin ser observado, confiscar la riqueza del pueblo, y ni un solo hombre entre un millón detectará el robo.

  John Maynard Keynes

  Malo, Hombres, Gente

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• If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%. Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way. It is absurd to say our Country can issue bonds and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the People.

  Thomas A. Edison

  Country, Money, Differences

  "Student Loans: The Government Is Now Officially in the Banking Business" by Ellen Brown, www.huffingtonpost.com. May 31, 2010.

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• El mercado de valores se desplomó en octubre de 1929. Pero esa no fue la causa de la Gran Depresión. En mi opinión, fue un elemento muy secundario. Lo que sucedió fue que de 1929 a 1933 hubo una contracción importante que, en mi opinión, fue causada principalmente por el fracaso del Sistema de la Reserva Federal, para seguir el curso de acción para el que fue creado. Fue creado para prevenir exactamente lo que sucedió de 1929 a 1933. Pero en lugar de prevenirlo, lo facilitaron.

  Milton Friedman

  Elements, October, Causes

  Fuente: www.pbs.org

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• We faced a crisis caused by the Federal Reserve, the corporate tax system, Fannie Mae and Freddie Mac, and the Community Reinvestment Act. But the response of many people in Washington was to blame it on capitalism.

  David Boaz

  People, Community, Blame

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• Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.

  Ben Bernanke

  Financial, Great Depression, Results

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• No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.

  Milton Friedman

  Long, Records, Reputation

  1988 'The Fed Has No Clothes', in The Wall Street Journal,15 Apr.

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• The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

  Ron Paul

  Government, People, Taught

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• There's been a coup, have you heard? It's the CIA coup. The CIA runs everything, they run the military. They're the ones who are over there lobbing missiles and bombs on countries. ... And of course the CIA is every bit as secretive as the Federal Reserve. ... And yet think of the harm they have done since they were established [after] World War II. They are a government unto themselves. They're in businesses, in drug businesses, they take out dictators ... We need to take out the CIA.

  Ron Paul

  Running, Country, Military

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• Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

  Kevin Brady

  Years, America, Focus

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• A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

  P. J. O'Rourke

  Promise, Gold, Dollars

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• The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks.

  Bernie Sanders

  America, Needs, Small Business

  "Biography/Personal Quotes". www.imdb.com.

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• A diferencia de los días del patrón oro, es imposible que la Reserva Federal quiebre; posee el monopolio legal de la falsificación (de crear dinero de la nada) en todo el país.

  Murray Rothbard

  País, Dinero, Aire

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• People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of transparency, and because of its historical and structural connections to finance.

  Gerald Epstein

  America, People, Accountability

  Fuente: www.truth-out.org

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• Toda la estructura financiera de Wall Street parece subir o bajar por el mero hecho de que el Banco de la Reserva Federal suba o baje la cuantía de los intereses. Cualquier negocio que no pueda sobrevivir a un cambio del uno por ciento debe estar patinando sobre hielo delgado.
  Por qué incluso el pobre agricultor aceptó un aumento de otro diez por ciento sólo para obtener un préstamo del banco, y nadie del gobierno le prestó atención. Pero dejas que Wall Street tenga una pesadilla y todo el país tiene que ayudar para que vuelvan a la cama.

  Will Rogers

  Campo, Muro, Otoño

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• [On reporters trying to cajole a smile from her husband, Alan Greenspan:] For a Federal Reserve chairman, that was a smile.

  Andrea Mitchell

  Husband, Trying, Chairman

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• Of all the weapons in the Federal Reserve arsenal, words were the the most unpredictable in their consequences.

  John Kenneth Galbraith

  Weapons, Unpredictable, Arsenal

  John Kenneth Galbraith (2009). “The Great Crash 1929”, p.51, Houghton Mifflin Harcourt

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• Entonces: si la inflación crónica que sufren los estadounidenses, y en casi todos los demás países, está causada por la creación continua de dinero nuevo, y si en cada país su "Banco Central" gubernamental (en Estados Unidos, la Reserva Federal) es la única fuente monopolística y creadora de todo el dinero, ¿quién es entonces responsable de la plaga de la inflación? ¿Quién, si no la propia institución que es la única facultada para crear dinero, es decir, la propia Reserva Federal (y el Banco de Inglaterra, y el Banco de Italia, y otros bancos centrales)?

  Murray Rothbard

  Country, England, United States

  "The Case against the Fed". Book by Murray Rothbard, 1994.

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• Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.

  Timothy Geithner

  Country, Strong, Independent

  "This Week" with George Stephanopoulos, abcnews.go.com. March 29, 2009.

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• The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control.

  David Malpass

  Thinking, Government, Gone

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• When it appears as though the governors of the Federal Reserve believe that the end of the rate increases is near, that's very good news for investors. A lack of ambiguity from the Federal Reserve is always a little bit of a shocker.

  Hugh S. Johnson

  Believe, News, Littles

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• The Open Market Committee, as presently established, is plainly not in the public interest. This committee must be operated by purely public servants, representatives of the people as a whole and not any single interest group. The Open Market Committee should be abolished, and its powers transferred to the Federal Reserve Board - the present public members of the committee, with reasonably short terms of office.

  Wright Patman

  Wisdom, Office, People

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• You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.

  Dick Cheney

  Fall, Agency, Government

  Interview with Larry Kudlow, www.nationalreview.com. May 28, 2009.

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• ...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

  Ben Bernanke

  Goal, Investing, Levels

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• Desde 2008, el mercado de bonos ha experimentado el mayor repunte de la historia, ya que la Reserva Federal ha inundado la economía con medidas de relajación cuantitativa para bajar los tipos de interés. La bajada de los tipos de interés crea un boom en el mercado de valores, y también en el mercado inmobiliario. Las plusvalías resultantes no se tratan como ingresos.

  Michael Hudson

  Real, Income, Gains

  Fuente: www.counterpunch.org

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• There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.

  John Kenneth Galbraith

  Simple, Giving, Perception

  Fuente: progressive.org

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