Robert H. Hemphill on the Truth of Bank Money System – Eye-Opening Insights

„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. HemphillRobert H. Hemphill reveals the fundamental dependence of our monetary system on bank loans and the risk of collapse.
PreviousNext

Robert H. Hemphill was a credit manager at the Federal Reserve Bank of Atlanta, known for his insights into banking and monetary systems during the 1930s.

This quote strikingly reveals the fragile dependence of our monetary systems on bank loans and encourages reflecting on sustainable financial solutions.


Translation or original: 🇩🇪Click here

Quelle: Hier klicken

i

3.0 / 5

Quote by Robert H. Hemphill about the bank money system and its economic impact

Robert H. Hemphill served as a credit manager at the Federal Reserve Bank of Atlanta during the 1930s, a period of major economic upheavals. His analyses and remarks on the financial system reveal the dependence on bank credit and the fundamental problems of money creation, especially during the Great Depression.

Quote by Reginald McKenna about banks creating and destroying money and their influence on government policyCopyright © yoice.net – Quote Artwork
/
0 Comments
"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
Read more
Quote about banks and money creation by G Edward GriffinCopyright © yoice.net – Quote Artwork
/
0 Comments
"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
Read more
Quote by Sir Josiah Stamp about the power and control of bankers over money and societyCopyright © yoice.net – Quote Artwork
/
0 Comments
"Banking was conceived in iniquity and born in sin... Bankers own the Earth. Take it away from them but leave them the power to create money, and, with the flick of a pen, they will create enough money to buy it back again... Take this great power away from them and all the great fortunes like mine will disappear and they ought to disappear, for then this would be a better and happier world to live in... But, if you want to continue to be a slave of the bankers and pay the cost of your own slavery, then let the bankers continue to create money and control credit." Sir Josiah Stamp
Read more
Quote by James Abram Garfield about control of money and its impact on industry and commerceCopyright © yoice.net – Quote Artwork
/
0 Comments
"Whoever controls the volume of money in our country is absolute master of all industry and commerce...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 Abram Garfield
Read more
Quote by Thomas Jefferson about the dangers of banking institutions to libertiesCopyright © yoice.net – Quote Artwork
/
0 Comments
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around these banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered." Thomas Jefferson
Read more
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Allen Daves Quote: Why the Moving Earth Theory Is NonsenseQuote by Allen Daves explaining why the moving Earth theory is nonsenseCopyright © yoice.net – Quote ArtworkQuote by Reginald McKenna about banks creating and destroying money and their influence on government policyCopyright © yoice.net – Quote ArtworkReginald McKenna Quote on the Power of Banks – The Truth Nobody Wants to ...