quotes about Commercial Banks

last updated: November 28, 2023

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

#Money Quotes #Commercial Banks Quotes #Bankers Quotes
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 Quotes #Bankers Quotes #Dollars Quotes

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Source : "Farewell to the General". "Amicus" with Dahlia Lithwick, www.slate.com. June 28, 2016.
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