Robert W. Hemphill 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, Bankers, Dollars

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• Someone has to borrow every dollar we have in circulation, cash or credit.

  Robert W. Hemphill

  Money, Commercial Banks, Bankers

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• El dinero es el tema más importante sobre el que las personas intelectuales pueden investigar y reflexionar. Es tan importante que nuestra civilización actual puede derrumbarse a menos que se comprenda ampliamente y se remedien sus defectos muy pronto.

  Robert W. Hemphill

  Money, Civilization, Intellectual

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• 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

  6 Copiar cita

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