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The World Bank is the monopoly provider of poverty data and, partly due to a leadership change there, the World Bank's reporting has been heavily on the rosy side since about 2000. The Bank's cultivation of an upbeat picture affords a very interesting lesson in statistics and how you can, depending on which numbers you present and how you present them, create a more positive or more negative impression of the evolution of poverty.
Thomas PoggeThe underlying strategy of the Fed is to tell people, "Do you want your money to lose value in the bank, or do you want to put it in the stock market?" They're trying to push money into the stock market, into hedge funds, to temporarily bid up prices. Then, all of a sudden, the Fed can raise interest rates, let the stock market prices collapse and the people will lose even more in the stock market than they would have by the negative interest rates in the bank. So it's a pro-Wall Street financial engineering gimmick.
Michael HudsonThe Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931 at the latest had it not been that the Federal Reserve followed a policy which led to bank failures, widespread bank failures, and led to a reduction in the quantity of money.
Milton FriedmanBeliefs constitute the basic stratum, that which lies deepest, in the architecture of our life. By them we live, and by the same token we rarely think of them.... One may symbolize the individual life as a bank of issue. The bank lives on the credit of a gold reserve which is rarely seen, which lies at the bottom of metal coffers hidden in the vaults of the building. The most elementary caution will suggest that from time to time the effective condition of these guaranties--of these credences, one might say, that are the basis of credit--be passed in review.
Jose Ortega y GassetThe Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements....The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States....The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.
Louis Thomas McFaddenMoney is created through bank debt. When you go for a mortgage through a bank, they give you $100,000 to buy a house and basically send you out into the world to bring back $200,000 in the next twenty years. The first $100,000 is principal, and the second is interest.
Bernard LietaerIf 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. HemphillGlobal central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.
Mark ZandiI think it's more normal to make a movie dealing with love, sexual or not, than to make movies about bank robberies, which very rarely happen in real life. So I would say the problem is not what some people feel is normal, I would say the problem is why this whole industry is far more obsessed with filming scenes of dominance, guns, invasion.
Gaspar NoePeople who say not to speak ill of the dead are hypocrites, because you can take it ot the bank they're thinking ill.
Nora RobertsBank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.
Thomas JeffersonWhen runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis.
Nick ClooneyGreece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
Wolfgang SchaubleIf you are training properly, you should progress steadily. This doesn't necessarily mean a personal best every time you race ... Each training session should be like putting money in the bank. If your training works, you continue to deposit into your 'strength' account ... Too much training has the opposite effect. Rather than build, it tears down. Your body will tell when you have begun to tip the balance. Just be sure to listen to it.
Grete WaitzYou get addicted to emotions. Our endorphins kick in and it's like a high. On the low end you might love roller coasters. On the high end you might be a bank robber or something.
Bryan CranstonMost banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.
Michael HudsonIsrael is so tiny. It's, you know, a little less than the length of Manhattan, without the West Bank, without Judea and Samaria.
Benjamin NetanyahuThe financial collapse of 2008 got its start with predatory mortgages, that werenโt sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way.
Elizabeth WarrenAmerican families cannot compete with billionaires. Our involvement in government should not be dependent on our bank account balances
Harry ReidIncreasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.
James ChanosThere will never be a good time, financially, to get married, unless you're Shaq or Ray Romano. But somehow people manage. If your man is using money as an excuse not to marry you, it's your relationship that's insecure, not his bank account.
Greg BehrendtI rang my friend Jim Wolfensohn, who was then running a private commercial bank in New York. I said, "Come up to Vancouver", and he did. I put my proposition to him. He said, "I think it could work." I said, "Will you help us?" He said, "Yes." So, I set aside senior people in our treasury and they worked with Wolfensohn and the investment sanctions were applied. And that's what brought the regime down. The last South African Finance Minister, Barend du Plessis, went on record as saying that it was the investment sanctions that put the final nail in the coffin of apartheid.
Bob HawkeWhen Christ is my hope, he becomes the one thing in which I have confidence. I act on his wisdom and bank on his grace. I trust his promises and I rely on his presence. And I pursue all the good things that he has promised me simply because I trust him. So, I am not manipulating, controlling, or threatening my way through life to get what I want, because I have found what I want in Christ. He is my hope.
Paul David TrippFrom the time I took office as Chancellor of the Exchequer, I began to learn that the State held, in the face of the Bank and the City, an essentially false position as to finance. The Government itself was not to be a substantive power, but was to leave the Money Power supreme and unquestioned.
William E. GladstoneOur investment bank looks like it does because its customers like our expansive network and want to do equity, debt, M&A, custody, move money, deposit money, et cetera.
Jamie DimonA lot of these things have hurt the average American. When they look at the banks and they say, "Well, the bank's talking its own game," I am telling you, what we've done in mortgage lending, our inability to have proper regulations around mortgages, has hurt average Americans. First-time buyers, immigrant buyers, prior defaults, self-employed, because they can't get a mortgage. Will it make a big difference to JPMorgan Chase? No, but you're hurting my fellow citizens. Let's go at it, and let's fix it.
Jamie DimonI never had to say to myself, 'OK now, I've got to grow up and work for a bank, or go and sell real estate.' I never had to make that kind of break.
Luke WilsonYou start to become successful, and everybody starts to drive your money train to the bank, and they're not thinking anymore about what you want as an artist or if any of that even matters to you. It genuinely upsets people in my life that I don't care about money, and that's not my problem.
Lady GagaThe offing was barred by a black bank of clouds, and the tranquil water-way leading to the uttermost ends of the earth flowed somber under an overcast sky--seemed to lead into the heart of an immense darkness.
Joseph ConradIf the corrupt Jordanian monarchy were overthrown, it would be the ideal opportunity to solve the Israeli-Palestinian conflict, because the West Bank and Jordan could then be united. There is already a Palestinian majority in Jordan, and there is enough room for everyone there. That would be the best revolution I could imagine.
Tom SegevMarvelous Marv was holding down first base. This is like saying Willie Sutton works at your bank.
Jimmy BreslinJust as bank tellers need a thorough knowledge of legitimate currency in order to spot counterfeit bills, so Christians need a thorough knowledge of the Bible in order to spot bogus religious teachings. How grounded are you in the Scriptures? How deep are your theological roots? How capable are you of detecting false teachings?
Charles R. SwindollTo believe that your husband, wife, parents, kids, boss, job, bank account, or body is even partly responsible for your emotions, to think that there are bullets 'out there' that you have to contend with, that there are stressful life events to overcome, is to miss something vital.
Andrew BernsteinI was born in a family of landless peasants, in Azinhaga, a small village in the province of Ribatejo, on the right bank of the Almonda River, around a hundred kilometres north-east of Lisbon.
Jose SaramagoRight now my life has an expiration date determined by my bank balance. Can I find something before my time is up?
Inio AsanoBut we refuse to believe that the bank of justice is bankrupt. We refuse to believe that there are insufficient funds in the great vaults of opportunity of this nation.
Martin Luther King, Jr.Take my friends and my home - as an outcast I'll roam: Take the money I have in the bank: It is just what I wish, but deprive me of fish, And my life would indeed be blank.
Lewis CarrollWhy do I have an issue with banks? They have their greedy fingers in everyones money. No other industry has the power to deduct a bill or fees directly from your own bank account without so much as a notice.
Jonathan RaymondWhat do you do with all this bank, Josie? Be a lot easier if you just lifted your skirt.โ โThe only reason Iโd lift my skirt is to pull out my pistol and plug you in the head.
Ruta SepetysUnsettled Middle East, in these times where the people are trying to find their way towards democracy, could be interesting for many reasons - for weapons to be sold, for new geostrategic interests to be protected, and something that we are not talking about, which is the Israeli-Palestinian conflict. The people who are lost in the whole discussion here are the Palestinians. We have demonstrations in Palestine in West Bank. Nobody is covering this. It's as if they don't exist anymore. And this is, in fact, central. And Israel is silent.
Tariq RamadanIn a pure capitalist system, an institution as moronic and corrupt as Bank of America would be swiftly punished by the market - the executives would get to loot their own firms once, then they'd be looking for jobs again.
Matt TaibbiHowever, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
Toshihiko FukuiWorried about an IRS audit? Avoid what's called a red flag. That's something the IRS always looks for. For example, say you have some money left in your bank account after paying taxes. That's a red flag
Jay Leno