Reserve Quotes

Reserve Quote of the day

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble

I know this, the Federal Reserve is private and the I.R.S. is screwing us.

The Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate.

The increase in the assets of the Federal Reserve Banks from 143 Million dollars in 1913 to 45 Billion dollars in 1949 went directly to the private stockholders of the [Federal Reserve] banks.

It is no coincidence that the century of total war coincided with the century of central banking.

The truth is the Federal Reserve Board has usurped the Government of the United States. It controls everything here and it controls all our foreign relations. It makes and breaks government at will.

This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized.

The Federal Reserve is answerable to no one.

The Federal Reserve has a responsibility to ensure the safety and soundness of financial institutions and to contain systemic risks in financial markets.

History has recorded nothing so dramatic in design, nor so skillfully manipulated, as this attempt to create the National Reserve Association, or the Federal Reserve.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy

The Federal Reserve is no more federal than Federal Express.

Before passage of this [Federal Reserve] Act, the New York Bankers could only dominate the reserves of New York. Now, we are able to dominate the bank reserves of the entire country.

The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve

The Federal Reserve is not currently forecasting a recession.

The Federal Reserve will not monetize the debt.

The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank.

The Federal Reserve needs to provide small businesses in America with the same low-interest loans it gave to foreign banks.

The Federal Reserve the privately owned U.S. central bank definitely caused The Great Depression by contracting the amount of currency in circulation by one third from 1929 to 1933.

The Federal Reserve... is in the position of the chaperone who has ordered the punch bowl removed just when the party was really warming up.

Under the federal reserve act, panics are scientifically created. The present panic is the first scientifically created one, worked out as we figured, a mathematical equation.

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

Unlike the days of the gold standard, it is impossible for the Federal Reserve to go bankrupt; it holds the legal monopoly of counterfeiting (of creating money out of thin air) in the entire country.

The Federal Reserve bank buys government bonds without one penny.

Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.

From now on, depressions will be scientifically created.

No major institution in the US has so poor a record of performance over so long a period as the Federal Reserve, yet so high a public reputation.

Well, the chairman of Federal Reserve just made his move to rescue Barack Obama. We're gonna have QE3. We're gonna print some more money.

I think the role of the Federal Reserve is enormously exaggerated.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.

There's no hidden secrets going on in the Federal Reserve...

Spending time at the Federal Reserve was a good learning opportunity for me. It helped me to understand economic philosophies and polices that I had not previously known about.

That is the one thing in my public career that I regret--my work to secure the enactment of the Federal Reserve Law.

There is two things that can disrupt business in this country. One is War, and the other is a meeting of the Federal Reserve Bank.

The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.

Musicians burn through more cash than the Federal Reserve.

A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

The Federal Reserve and Congress have systematically taught the American people to trust the government and that caution in spending is harmful to the economy.

The Federal Reserve System is nothing more than legalized counterfeit.

Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.

The investment banks should either choose to be regulated as banks or should arrange to conduct their affairs to not require the stop-gap support of the Federal Reserve.

There's nothing the people love more than a Federal Reserve joke.

It's true that the Federal Reserve faces a lot of political pressure and is unpopular in many circles.

...the Federal Reserve has the capacity to operate in domestic money markets to maintain interest rates at a level consistent with our economic goals

I think I understand the Constitution a little bit because in 1971 we went off the gold standard under President Nixon into the Federal Reserve notes because we were a worldwide currency.