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Then came the second Amsterdam discovery, although the principle was known elsewhere. Bank deposits...did not need to be left idly in the bank. They could be lent. The bank then got interest. The borrower then had a deposit that he could spend. But the original deposit still stood to the credit of the original depositor. That too could be spent. Money, spendable money, had been created. Let no one rub his or her eyes. It's still being done-every day. The creation of money by a bank is as simple as this, so simple, I've often said, that the mind is slightly repelled.
John Kenneth GalbraithIf bankers can push the loans and make more profits for the bank, they get paid higher bonuses. They often also get stock options. If the bank goes under, they get to keep all of these salaries and options - and the government will bail out the bank. These guys will take their money and run, which is pretty much what they're doing now.
Michael HudsonWhat's the best gamble in the world, right now? Its betting that Deutsche Bank stock is going to go down. Short sellers borrowed money from their banks to place bets that Deutsche Bank stock is going to go down. Now, it's wringing its hands and saying, "Oh the speculators are killing us." But it's Deutsche Bank and the other banks that are providing the money to the speculators to bet on credit.
Michael HudsonThe director of the institute where I was working apologized about these young, enthusiastic researchers when the World Bank visited because he was afraid the institute would lose the World Bank consultancies.I went back home and started the Research Foundation for Science, Technology, and Ecologyยan extremely elaborate name for the tiny institute that I started in my motherยs cow shed. My parents handed over family resources and said, ยPut them to public purpose.ย Thatยs how I survived.
Vandana ShivaIn the past when money was given from government to government, there was no accountability, especially the World Bank loans. Nobody was held accountable for the misuse of World Bank loans. That is why it is important to channel some of the money through civil society groups.
George W. BushWhat kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
Andrew TobiasThese days I mostly worry โbout my bank account/I ainโt backinโ out โtil I own a bank to brag about.
Himanshu SuriSarah, I want to ask thee a solemn question. Did thee ever one single time have thy Bank book balance and thy own check book balance agree exactly? Do not tell, but I never did. Hannah Whitall Smith, Sarah, I want to ask thee a solemn question. Did thee ever one single time have thy Bank book balance and thy own check book balance agree exactly? Do not tell, but I never did.
Hannah Whitall SmithThe mantra of the National Commercial Bank is 'building a better Jamaica.' If this bank is going to be everlastingly successful, it has to take on the ailments of this society.
Michael Lee-ChinMonetary 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 ReedThe thing I would worry a little bit about is Donald Trump owes about $650 million to banks, including the Bank of China. I'm not sure he could stand up so tough to the people who have loaned him money.
Tim KaineLook at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.
Michael HudsonYou've got to exercise. Your health account, your bank account, they're the same thing. The more you put in, the more you can take out.
Jack LaLanneWhen 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 ClooneyI 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 CollinsWhy did I rob banks? Because I enjoyed it. I loved it. I was more alive when I was inside a bank, robbing it, than at any other time in my life. I enjoyed everything about it so much that one or two weeks later I'd be out looking for the next job. But to me the money was the chips, that's all.
Willie SuttonThe real power is not corporate; it is private. They choose not to have a name. It is a dynasty of banking families - Rothschild and Rockefeller being two - that operate chiefly out of London, in the boardrooms out of the city of London and the Bank of England, which they own.
Betty DodsonNo serious courtship or engagement or marriage is worth the name if we do not fully invest all that we have in it and in so doing trust ourselves totally to the one we love. You cannot succeed in love if you keep one foot out on the bank for safety's sake. The very nature of the endeavor requires that you hold on to each other as tightly as you can and jump in the pool together.
Jeffrey R. HollandYou 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 CranstonI 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 ObamaMost 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 HudsonThe auditorium, named after a dead Queens politician is windowless in honor of the secrecy in which he lived and, probably, the bank vaults he frequented.
Jimmy BreslinI was tenaciously opposed by the governor and deputy-governor of the Bank, who had seats in parliament, and I had the City for an antagonist on almost every occasion.
William E. GladstoneI am a feral person. I have no bank account. I am unemployable. I own nothing. I lose my shoes sometimes when I go out. It sounds like I'm making a case for my own exceptionalism, which I suppose I am, but I wish it wasn't true.
Tony BurgessThe amount of money that a person has in his bank account is not determined by his starting capital but by his knowledge about money and his ability to manage it properly.
Sunday AdelajaWhen you talk with your mother you are one person; when you go to the bank or you're with your girlfriend you are another person, and that's the way I act. Then for me, it's important that I trust a director and as soon as I do, as soon as I feel comfortable with him, then I pull something out of myself that I didn't even know I had inside of me. That's what I like about this job.
Roland MรธllerSo I didn't adopt Homer because he was cute and little and sweet, or because he was helpless and needed me. I adopted him because when you think you see something so fundamentally worthwhile in someone else, you don't look for the reasons - like bad timing or a negative bank balance - that might keep it out of your life. You commit to being strong enough to build your life around it, no matter what. In doing so, you begin to become the thing you admire.
Gwen CooperSome people say 'what would happen if we had a Communist Chancellor of the Exchequer?' I would ask in reply, 'what would happen if he had a lot of Fascist or Mosleyite bank chairmen?' In that event it might be thought disadvantageous to have publicity.
Hugh DaltonHowever, you have to recognize that regulations will never be completely successful and they will always be full of holes. You must constantly be ready to fill new holes. Actually regulation should be kept to a minimum, but there has to be some cooperation between market participants and authorities - as was the case in the early postwar years. The Bank of England was a very successful regulator by cooperating with market participants. This cooperative spirit was broken by the market fundamentalists.
George SorosThe problem is that the way [President] Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents - number 43 added $4 trillion dollars by his lonesome - so that we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic.
Barack ObamaIf I were in severely straitened socio-economic circumstances and had to move to the U.S., I'd probably opt for Athens, GA, or Lawrence, KS. As boho guys usually do, live cheap in the Left Bank of Kansas.
William GibsonA man's worth isn't measured by a bank register or diploma... It's about integrity
Richard Paul EvansThere is no solid satisfaction in any career for a woman like myself. There is no home, no true freedom, no hope, no joy, no expectation for tomorrow, no contentment. I would rather cook a meal for a man and bring him his slippers and feel myself in the protection of his arms than have all the citations and awards and honors I have received worldwide, including the Ribbon of Legion of Honor and my property and my bank accounts. They mean nothing to me. And I am only one among the millions of sad women like myself.
Taylor CaldwellSome ISPs are blocking all BitTorrent traffic, because BitTorrent can be used to share files in a piratical way. Hollywood lobbying groups are trying to pass laws which would force ISPs to block or degrade BitTorrent traffic, too. Personally, I think this is like closing down freeways because a bank robber could use them to get away.
Wil WheatonI swung from one place to the next, sometimes backward, sometimes forward, capitalizing on my own momentum, knowing that at some point my armsโor, more accurately, my quivering bank balance, accessed through foreign ATMsโwould give out, and Iโd fall to the ground.
Amanda LindhoutBy using general consumption PPPs, the World Bank is, in effect, saying to the poor: "Sure, you cannot buy as much food as the dollar value we attribute to your income would buy in the United States. But then you can buy much more by way of services than you could buy with this PPP equivalent in the United States." But what consolation is this? The poor do not buy services - they are services, on their luckier days.
Thomas PoggeThis decree is very serious and we will not allow it to pass unopposed. (on Israel offers 10-month West Bank settlement freeze)
Uri OrbachMarvelous Marv was holding down first base. This is like saying Willie Sutton works at your bank.
Jimmy BreslinPeople tend to think that paying a debt is like going out and buying a car, buying more food or buying more clothes. But it really isn't. When you pay a debt to the bank, the banks use this money to lend out to somebody else or to yourself. The interest charges to carry this debt go up and up as debt grows.
Michael HudsonU.N. officials said today they desperately need $7 billion to help people cope with disasters, but they're having a hard time getting people to send rescue money. Here's what the UN should do: Invest in bad mortgages, run a bank into the ground, give yourself a bonus, get some spa treatments and, in no time, the government will send you $750 billion.
Jay LenoThe phase of the usury system which we are trying to analyze is more or less Patterson's perception that the Bank of England could have benefit of all the interest on all the money that it creates out of nothing. ... Now the American citizen can, of course, appeal to his constitution, which states that Congress shall have power to coin money or regulate the value thereof and of foreign coin. Such appeal is perhaps quixotic.
Ezra Pound