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The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
Milton FriedmanNothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.
Bernard BaruchImagine you had a bank that each morning credited your account with $1,440 - with one condition: whatever part of the $1,440 you failed to use during the day would be erased from your account, and no balance would be carried over. What would you do? You'd draw out every cent every day and use it to your best advantage. Well, you do have such a bank, and its name is time. Every morning, this bank credits you with 1,440 minutes. And it writes off as forever lost whatever portion you have failed to invest to good purpose.
Ann LandersAdmittedly, having a bit of disposable cash in the bank can give you a sense of Buddhistic calm, and despite the fallacy involved, that's probably preferable to the bonafide adventure of robbing a bank. A better alternative, however, is to learn to be at peace even when common sense (a highly overrated virtue) would lead you to believe that someone in your situation ought to feel threatened and insecure.
Tom RobbinsAll my life I wanted to be a bank robber. Carry a gun and wear a mask. Now that it's happened I guess I'm just about the best bank robber they ever had. And I sure am happy.
John DillingerWhen you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.
James RickardsBeliefs 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 Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.
Vladimir PutinGrameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.
Muhammad Yunus[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
James GrantMonetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.
Lawrence ReedAccording to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.
Harry EnfieldI remember when my father passed away, we drove the funeral procession past the bank so he could say one last goodbye. That's how much the bank meant to my father.
Alexi GiannouliasGlobal 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 ZandiIf I had a dollar for every time I smiled secretly having you in my mind I think my bank account would show up millions.
Melville Elijah StoneYou will have no test of faith that will not fit you to be a blessing if you are obedient to the Lord. I never had a trial but when I got out of the deep river I found some poor pilgrim on the bank that I was able to help by that very experience.
A. B. SimpsonIf you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.
John Maynard KeynesDress suitably in short skirts and sitting boots, leave your jewels and gold wands in the bank, and buy a revolver.
Constance MarkieviczAll problems, depressions, wars, disasters, assassinations, all of them were planned, caused, instigated, and implemented by the International Bankers and their attempt to establish a central bank in every country in the world, which they have now done, thanks to corrupt politicians who have been bought and paid for. This is all you need to know about the history of the world.
Mary Elizabeth CroftI put my money in the bank: I have to think of life after modeling, when I'm not famous any more.
Eva HerzigovaItโs the final word in camouflage. Forget chucking weights around. Peeta should have gone into his private session with the Gamemakers and painted himself into a tree. Or a boulder. Or a muddy bank full of weeds.
Suzanne CollinsAnyway, as the old barrelhouse song says, My God, how the money rolled in. Norton must have subscribed to the old Puritan notion that the best way to figure out which folks God favours is by checking their bank acounts.
Stephen KingGreece'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 SchaubleI will promise you this, that if we have not gotten our troops out by the time I am president, it is the first thing I will do. I will get our troops home, we will bring an end to this war. You can take that to the bank.
Barack ObamaI am aware that my name has been connected with all the bank robberies in the country; but positively I had nothing to do with any one of them. I look upon my life since the war as a blank, and will never say anything to make it appear otherwise.
Cole YoungerAnytime four New Yorkers get into a cab together without arguing, a bank robbery has just taken place.
Johnny CarsonI guided my heap into the heart of Capitol Hill wondering for the first time in fourteen years what I could do to get money besides drive cabs or rob banks. Both occupations had their pros and cons. For instance, bank robbery isn't quite as dangerous as cab driving, but it pays better.
Gary ReillyI 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 HawkeOur commercial bank [JPMorgan] is only in the U.S. We are serving what you call SMEs - small businesses, private companies.
Jamie DimonFrom 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. GladstoneWe go to church buildings that still have a mortgage. Which means the bank owns God's house. Which means that we go and make love to God in a house that Satan owns!
Eddie LongI feel like this thing [that] we're rocking back and forth like we're stuck in a snow bank and we all sort of know it. I feel like people are getting less and less pretentious and less and less hip - hopefully.
Justin VernonSoon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.
Muhammad YunusPeople get a bad impression of it [the English climate] by continually trying to treat it as if it was a bank clerk, who ought to be on time on Tuesday next, instead of philosophically seeing it as a painter, who may do anything so long as you don't try to predict what.
Katharine WhitehornFortunately, America remains a robust democracy, where most individuals are not afraid to speak out. What we have done in Iraq has, however, compromised out standing as an advocate of basic human rights - the prime minister of one country responding to criticism of America for its human rights put it, it was liking having Dracula guard the blood bank. The loss of America's moral standing has been one of the great losses of this war.
Joseph StiglitzOne of the key things that we did at Bank of North Dakota that I worked to try to do with our state economic development is make sure we are customer-service oriented.
John HoevenIf you look at what's happened to the stock market, if you look at what's happened to housing values, if you look at what's happened to bank loan portfolios because the value of their other assets that they've already issued loans against were going down, there was a pretty good argument for trying to pass something at about this level of investment with the divisions as they were - unemployment, food stamps, and tax cuts, aid to education and healthcare, and job creation.
William J. ClintonWeirdly enough, the best thing that ever happened to black people in the last twenty or thirty years was the O.J. Simpson verdict because it shut down the white guilt bank. And white guilt has never led to anything good. It's brought us spiraling crime rates, mostly with black victims, and a permanent underclass living in public housing projects. For years, liberals cried that "law and order" and "welfare reform" were racist code words.
Ann CoulterEverything a gay man does makes a political statement. Everything matters: where you bank, where you shop, where you eat. When you hold your loverโs hand in public
Josh LanyonThe moon has set In a bank of jet That fringes the Western sky, The pleiads seven Have sunk from heaven And the midnight hurries by; My hopes are flown And, alas! alone On my weary couch I lie.
SapphoIf you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster.
Warren Buffett