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The checks and balances is a way to prevent government from either devolving into an autocratic tyranny or an autocratic mob mentality.

We're somewhat lucky here in the United States, where we hope that the checks and balances hold out for many years to come and decades to come. But in a lot of countries, you don't have these checks and balances.

The Federal Reserve, the Treasury, all the regulator agencies - if there's a problem of the financial mechanism in society, the only one to fix it is government. They've got a legitimate role.

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.

What is the system? It revolves around the banks, the system is built on the power of the banks, so it can be destroyed through the banks.

You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there.

Who controls the issuance of money controls the government!

A power has risen up in the government greater than the people themselves, consisting of many and various and powerful interests, combined into one mass, and held together by the cohesive power of the vast surplus in the banks.