Å·±¦ÓéÀÖ

Bank Of England Quotes

Quotes tagged as "bank-of-england" Showing 1-3 of 3
Alex Morritt
“Despite the Bank of England gaining independence for setting UK monetary policy in 1998 and in the process being freed from political meddling; it has recently come under renewed attack from the lunatic fringe within the UK's Conservative Party, especially amongst arch Brexiteers such as Jacob Rees-Mogg (a.k.a. JackOff Grease-Smug to his growing number of detractors) who appear hell-bent on undermining the current bank governor's every move. When Mark Carney rightly sounds the alarm bells of the potential dangers to the UK economy resulting from a 'no deal' Brexit, he should be allowed to offer those wise words of warning without being subjected to Rees-Mogg's tiresome whining and monotonous droning on about politically motivated statements. It's high time this pestilent gnat modified his tune before a large fly swat of public outrage takes him down.”
Alex Morritt, Lines & Lenses

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. 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 the pen they will create enough money to buy it back again.

Take this great power away from them and all 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 slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”
Sir Josiah Stamp

“Inasmuch as the Bank of England became the main note-issuing bank and that some of the smaller banks elected to use Bank of England notes rather than issue new notes themselves, the private banks became very dependent upon the Bank of England. They had accounts with the Bank, and kept their reserves with it, and when they ran into difficulties because of a lack of confidence as to their ability to repay depositors on demand (i.e., a run on a bank), they relied on whatever support they could get from the Bank of England.”
D.P. Whiting, Mastering Banking