Robert W. Hemphill quotes

Someone has to borrow every dollar we have in circulation, cash or credit.
-- Robert W. Hemphill

#Money #Commercial Banks #Bankers

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 situation is almost incredible - but there it is.
-- Robert W. Hemphill

#Commercial Banks #Bankers #Dollars

Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon.
-- Robert W. Hemphill

#Money #Civilization #Intellectual

If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.
-- Robert W. Hemphill

#Dollars #Banking #Coins

Let no feeling of discouragement prey upon you, and in the end you are sure to succeed.

Labour was the first price, the original purchase - money that was paid for all things. It was not by gold or by silver, but by labour, that all wealth of the world was originally purchased.

I believe only in money, not in love or tenderness. Love and tenderness meant only pain and suffering and defeat. I would not let it ruin me as it ruined others! I would speak only with money, hard money.

A fool and his money get a lot of publicity.

The biases the media has are much bigger than conservative or liberal. They're about getting ratings, about making money, about doing stories that are easy to cover.

The last duty of a central banker is to tell the public the truth.

The printing presses of the state treasuries cranked out reams of paper currency- showing wise kinds and blissful martyrs- while bankers wept and peasants starved.

It's a topsy-turvy world in which a country can import the same amount of ice-cream, toilet paper and other goods to trading partners as it exports, and where top bankers are paid millions for destroying economic value, while hospital cleaners create value many times their pay

The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

There are only seven movie stars in the world whose name alone will induce American bankers to lend money for movie productions, and the only woman on the list is Ingrid Bergman.