Money Creation and Debt – Quote by G. Edward Griffin

„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 GriffinMoney is created by borrowing and vanishes by repaying debt - a quote by G. Edward Griffin explains the principle.
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G. Edward Griffin is an American author, speaker, and filmmaker known for his critical works on conspiracy theories and political manipulation.

This quote highlights how money is created through lending and disappears through debt repayment.


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Quote about money creation and debt by G. Edward Griffin

G. Edward Griffin is an American author, documentary filmmaker, and political activist. He is known for his works on controversial political subjects, including criticism of government institutions and exposing conspiracies. His well-known works analyze power structures and the manipulation of the public.

Quote about banks and money creation by G Edward GriffinCopyright © yoice.net – Quote Artwork
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"When banks place credits into your account, they are merely pretending to lend you money. In reality, they have nothing to lend. Even the money that non-indebted depositors have placed with them was originally created out of nothing in response to someone else's loan. So what entitles the banks to collect rent on nothing? It is immaterial that men everywhere are forced by law to accept these nothing certificates in exchange for real goods and services. We are talking here not about what is legal, but what is moral." G. Edward Griffin
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Quote by Robert H. Hemphill about the bank money system and its economic impactCopyright © yoice.net – Quote Artwork
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"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent, on the Commercial Banks. Someone has to borrow every dollar, we have in circulation, cash or credit. If the Banks create ample synthetic money, we are prosperous; if not, we starve. We are, absolutely, without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity, of our hopeless position, is almost incredible, but there it is. It is the most, important subject, intelligent persons can investigate and reflect upon. It is so important that our present civilization may collapse, unless it becomes widely understood, and the defects remedied very soon." Robert H. Hemphill
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Murray Rothbard quote about Federal Reserve money creation and bank depositsCopyright © yoice.net – Quote Artwork
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"At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."" Murray Rothbard
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Quote about banks and fiat money by G. Edward GriffinCopyright © yoice.net – Quote Artwork
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"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." G. Edward Griffin
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Quote by Reginald McKenna about banks creating and destroying money and their influence on government policyCopyright © yoice.net – Quote Artwork
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"I am afraid that the ordinary citizen will not like to be told that the banks can and do create and destroy money. And they who control the credit of a nation direct the policy of governments, and hold in the hollow of their hands the destiny of the people." Reginald McKenna
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Murray Rothbard quote about inflation and central banksCopyright © yoice.net – Quote Artwork
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"So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?" Murray Rothbard
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