Currency Manipulation Quotes

It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before tomorrow morning.

Mr. Chairman, we have in this Country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks… The Fed has cheated the Government of these United States and the people of the United States out of enough money to pay the Nation's debt. The depredations and iniquities of the Fed has cost enough money to pay the National debt several times over. This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... … Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

With China, their primary weapon in China is what they've done with the devaluation of their currency.

Before Trump, trade policy ceded our manufacturing strength to foreign nations.

The overwhelming number of Democrats... think our trade policy has gone in the wrong direction. They think that our trade policy encourages companies to leave the country. They think our trade policy has caused more and more businesses to outsource.

As President Obama clearly said just a few months ago, China must play by the international rules, the international trading system from which they've benefited so much.

If Australia finds it has a strong Australian dollar, and it has higher unemployment, then it would have to respond, and that would either be by increasing domestic demand or by weakening its own currency.

The threat of gold redeemability imposes a constant check and limit on inflationary issues of government paper. If the government can remove the threat, it can expand and inflate without cease. And so it begins to emit propaganda, trying to persuade the public not to use gold coins in their daily lives.

The trade of the petty usurer is hated with most reason: it makes a profit from currency itself, instead of making it from the process which currency was meant to serve. Their common characteristic is obviously their sordid avarice.

The industrial competition of China would be incomparably more dangerous to Western civilization than that of any other nation …

There are two types of depreciation. There is one where you're manipulating currencies. And that's not what Japan is doing.

The last thing a Trump administration plans is a trade war. The issue simply is getting a decent trade deal with each of the major trading partners.

Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talks of the sovereignty of Parliament and of democracy is idle and futile.

Because silver and gold have their value from the matter itself, they have first this privilege, that the value of them cannot be altered by the power of one, nor of a few commonwealths, as being a common measure of the commodities of all places. But base money may easily be enhanced or abased.

First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.

The Power the Magistrat [head of government] has to alter the Money in its Denomination or Fineness, takes away the chief Quality for which Silver was made Money

There's no point in treating a currency like a commodity, devaluing it artificially and causing a lot of poverty among poor countries.

The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception.

When you give government the power to control the money supply, it grows like a tumor until it extinguishes society itself.

Our forefathers showed much wisdom in selecting silver, of the two metals, out of which to make the unit…. In considering which of these two metals they would thus favor by making it the unit, they were led to adopt silver because it was the most reliable. It was the most favored as money by the people. It was scattered among all the people. Men having a design to injure business by making money scarce, could not easily get hold of all the silver and hide it away, as they could gold. This was the principal reason that led them to the conclusion to select silver, the more stable of the two metals, upon which to fix the unit. It was so much handled by the people and preferred by them, that it was called the people's money.

We have a government that purposely counterfeits and debases the currencies, and I believe that the alternative would be a competition. That means that anything that wants to substitute for the American dollar should be permitted.

Tillis has been weak on China since he got to Washington.

Late 19th-century populists saw bankers and industrialists manipulating markets to enrich themselves at the expense of small farmers and labourers and favoured political candidates promising economic relief through free and unlimited coinage of silver.

Modern free-traders... embrace their ideal with a passion that makes Robespierre seem prudent. They embrace unbridled free trade, even as it helps China become a superpower.