money

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, government, banking, and monopoly

Contrary to popular belief, the banker is neither a money creator nor a money lender. He merely profits from the ignorance of businessmen by charging them for authorizing them to create money, a function that is natural to the buyer and which he can exert without cost if he is intelligent enough to form a reciprocal enabling pact with other buyers. The process involves no cost and, therefore, justifies no fee. Since the money is created only by the act of buying, the banker, of course, does not lend it, and since he is not the buyer, he does not create it. Money cannot be loaned or borrowed until it has been created by the act of buying. Therefore it is correct to say that a savings bank makes loans, but a commercial bank makes no loans. It merely permits "borrowers" to create money. thus increasing the money supply. Non-banking corporations, individuals, pawnbrokers, etc., loan money from the existing supply. Therefore interest may be justified in these cases of actual loans, whereas, it cannot be justified where the "borrower" is the actual creator.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/ch2.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, wealth, govern, government, banking, monopoly, patents, and licensing

There is an analogy between the patent granting power of government and its money granting power. When a citizen invents a device, the government grants him, through the patent office, a monopoly on the sale of it. When a citizen produces anything, he is at liberty to use it; but, if he wishes to sell it, his ability to do so is dependent upon his ability to find someone who has the money. Since buyers can have only such money as the government distributes through its purchases, loans and gifts (or such substitute money as its creature, the banker, will authorize) it may be seen that buying is subject to grant, just as, in the case of a patent, selling is subject to grant. In the case of patents, the patent holder is the grantee of veto power; in the case of money, the banker is the grantee of the veto power. These two are the breeders of our monopolies and of the two, the money granting and vetoing power is by far the greater. It in fact makes possible the acquisition of the patent granting power from inventors who, not having money power, are obliged to sell to those who have. The government, which promulgates laws against monopolies in restraint of competition, is itself the author of these twin creators of monopolies.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/ch2.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

When man has mastered money he shall have mastered not only his economic problem of prosperity but also his political problem, for he will see that money has no place in state functions, and, the money power being entirely in his own hands, he will easily master the state and clearly define its services. Thus money must be seen as the means of mastery of all economic and political problems. Until we have mastered money we shall not master any of our problems. Not money, but a false money system, is the root of all evil.

E. C. Riegel

Source: The Surprise Weapon PRIVATE ENTERPRISE MONEY A Non-Political Money System (http://www.mind-trek.com/treatise/ecr-pem/intro.htm)

Contributed by: peter

A Quote by Muhammad Yunus on women, opportunity, and money

We certainly noted that when given the opportunity, women handle money more efficiently. They have long term vision, they manage money more carefully. Men are more callous with money. Their first reflex is to blow it by getting drunk in a pub, or on prostitutes or gambling. Women, on the other hand, are endowed with a tremendous sense of self-sacrifice and try to get the best out of the money, for their children, but also for their husbands.

Muhammad Yunus

Source: Woman Are Better with Money - http://www.spiegel.de/international/spiegel/0,1518,453234,00.html

Contributed by: ~C4Chaos

A Quote by Robert W. Tracinski on politics, corruption, and money

Money doesn't corrupt politics—politics corrupts money.

Robert Tracinski

Contributed by: peter

A Quote by Richard M. Salsman on money, politics, and money-making

The only way to get money out of politics is to get politics out of money-making.

Richard Salsman

Contributed by: peter

A Quote by Gary North on banking, cartel, central bank, and money

The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency

Gary North

Source: http://www.lewrockwell.com/north/north617.html

Contributed by: peter

A Quote by Peter Cajander on money, wealth, ignorance, corruption, prosperity, liberty, cartel, and debt

Representation of wealth is not the wealth. We have forgotten this. We regard money as wealth and debt as money.

Peter Cajander

Contributed by: peter

A Quote by Nassim Nicholas Taleb on money

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It was hard to tell my friends, all hurt in some manner by the [stock market] crash, about this feeling of vindication. Bonuses at the time were a fraction of what they are today, but if my employer, First Boston, and the financial system survived until year-end, I would get the equivalent of a fellowship. This is sometimes called "f*** you money," which in spite of its coarseness, means that it allows you to act like Victorian gentleman, free from slavery. It is a psychological buffer: the capital is not so large as to make you spoiled-rich, but large enough to give you the freedom to choose a new occupation without excessive consideration of the financial rewards. It shields you from prostituting your mind and frees you from outside authority--any outside authority. (Independence is person-specific: I have always been taken aback at they high number of people in whom an astonishingly high income led to additional sycophancy as they became more dependent on their clients and employers and more addicted to making even more money.) While not substantial by some standards, it literally cured me of all financial ambition--it made me feel ashamed whenever I diverted time away from study for the pursuit of material wealth. Note that the designation f*** you corresponds to the exhilarating ability to pronounce that compact phrase before hanging up the phone.

Nassim Nicholas Taleb

Source: The Black Swan: The Impact of the Highly Improbable, Pages: 20-21

Contributed by: ~C4Chaos

A Quote by Donald Trump on money and play

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Money was never a big motivation for me, except as a way to keep score.  The real excitment is in playing the game.

Donald Trump (1946 -)

Source: Donald Trump

Contributed by: Carenna

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