Quotes About Issuance

In 2005 two thirds of the mortgages contained in Lehman's issuance of $133 billion in MBS/CDO were sourced from its own subprime loan originators. A top Wall Street name was scraping the very bottom of the credit barrel.

The whole profit of the issuance of money has provided the capital of the great banking business as it exists today.

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt.

These decrees were like bullets from a musket that have missed their target and end up on the ground, where they don't threaten anyone. But that was a consequence of the great ease with which those decrees were issued. A man's actions are limited, especially when orders outstrip his ability to carry them out. For what enters the sleeve might not fit through the cuffs. —

Four of the directors were there to perform more mundane tasks. Kaufman, Earle, Raskob, and du Pont would supply the requisite start-up funds, but not even those millionaires were willing to put up the cost of the entire undertaking. The issuance of stock was not deemed suitable. They needed a $27.5 million loan. They

If you look at a copy of EO 11110, you will find that it does not order the issuance of Silver Certificates. It orders an amendment to EO 10289... Those functions did not include the power to issue Silver Certificates.

Crypto-collateralized stablecoins have the advantages of decentralization and secured collateral. The drawback is that their scalability is limited. To mint more of the stablecoin, a user must necessarily back the issuance by an overcollateralized debt position.

By design, Bitcoin is a scarce resource with a predictable supply of new issuance. And it is this scarcity and predictable supply that make it so attractive as an underlying asset to bind to economic activity and trade.

History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and it's issuance.