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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 there was a payment to the bank due, and we needed shoes, she'd get the shoes, and then deal with them guys at the bank. I don't mean she wouldn't pay the bank, but the children always came first.
Larry BirdWhat'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 HudsonI think there is this thing where people are impressed - it gives you a leg up in the sense that people won't treat you like a run-of-the-mill actress. They'll assign "smart" to your word bank, your adjective bank.
Rashida JonesThe 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 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. BushWhen 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 RickardsThe stability of the rate is the main issue and the Central Bank manages to ensure it one way or another. This was finally achieved after the Central Bank switched to a floating national currency exchange rate.
Vladimir PutinTo a bystander like me, those who made 190 million pounds deliberately underselling the shares of HBOS, in spite of its very strong capital base, and drove it into the bosom of Lloyds TSB Bank, are clearly bank robbers and asset strippers.
John SentamuA self is, by its very essence, a being with a past. One must look lengthwise backwards in the stream of time in order to see theself, or its shadow, now moving with the stream, now eddying in the currents from bank to bank of its channel, and now strenuously straining onwards in the pursuit of its chosen good.
Josiah RoyceBad karma is the spiritual debt one has accumulated for one's mistakes from all previous lives and this life. It includes killing, harming, taking advantage, cheating, stealing, and more. On Mother Earth, when you buy a house, you take out a mortgage from a bank. This mortgage is your debt to the bank. You pay every month for fifteen, twenty, or thirty years to clear your financial debt. In the spiritual realm, if you have bad karma, you may have to pay for many lifetimes to clear your spiritual debt.
Zhi Gang ShaNight was coming on in, borrowing the light. It had started out borrowing just a few cents worth of the light, but now it was borrowing thousands of dollars worth of the light every second. The light would soon be gone, the bank closed, the tellers unemployed, the bank president a suicide.
Richard BrautiganI was raised by a single mom who had to put herself through school while looking after two kids. And she worked hard every day and made a lot of sacrifices to make sure we got everything we needed. My grandmother, she started off as a secretary in a bank. She never got a college education, even though she was smart as a whip. And she worked her way up to become a vice president of a local bank, but she hit the glass ceiling. She trained people who would end up becoming her bosses during the course of her career.
Barack ObamaJust like a house is worth whatever a bank's going to lend against it, an education is worth whatever the bank is going to lend the student to pay the university. So the availability of government-guaranteed student loans has vastly inflated the cost of education, just like it's inflated the cost of housing.
Michael HudsonPrayer is often a temptation to bank on a miracle of God instead of on a moral issue, i.e., it is much easier to ask God to do my work than it is to do it myself. Until we are disciplined properly, we will always be inclined to bank on God's miracles and refuse to do the moral thing ourselves. It is our job, and it will never be done unless we do it.
Oswald ChambersThe government can now delve into personal and private records of individuals even if they cannot be directly connected to a terrorist or foreign government. Bank records, e-mails, library records, even the track of discount cards at grocery stores can be obtained on individuals without establishing any connection to a terrorist before a judge. According to the Los Angeles Times, Al Qaeda uses sophisticated encryption devices freely available on the Internet that cannot be cracked. So the terrorists are safe from cyber-snooping, but we're not.
Molly IvinsToday, the sun is everywhere, and everything solid is nothing but its own shadow, I know that the real things in life, the things I remember, the things I turn over in my hands, are not houses, bank accounts, prizes or promotions. What I remember is love -- all love -- love of this dirt road, this sunrise, a day by the river, the stranger I met in a cafรฉ. Myself, even, which is the hardest thing of all to love, because love and selfishness are not the same thing. It is easy to be selfish. It is hard to love who I am. No wonder I am surprised if you do.
Jeanette WintersonWhy 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 SuttonOne thing you learned as a Cubs fan: when you bought you ticket, you could bank on seeing the bottom of the ninth.
Joe GaragiolaThe IMF and the World Bank, the most opaque and secretive entities, put millions into NGOs who fight against "corruption" and for "transparency." They want the Rule of Law - as long as they make the laws. They want transparency in order to standardise a situation, so that global capital can flow without any impediment.
Arundhati RoyMy parents never had any money. It was cash flow. It flows, and you got your fingers in it for a little while, and it flows away. That's all I know about money. And I don't know, it flows and it's a river, but you can never, ever keep it. As an artist, I can't keep it. But hey, a man who dies with a cent in the bank is a foolish man. So I guess I'm going against the conservators. I'm a spendthrift.
Dan AykroydThey say Yogi Berra is funny. Well, he has a lovely wife and family, a beautiful home, money in the bank, and he plays golf with millionaires. What's funny about that?
Casey StengelAs a good horse is not very apt to jump over a bank, if left to guide himself, I let mine pick his own way.
Buffalo BillAnd as a matter of fact, governments don't act, governments only react. The bankers make the decisions, and then governments decide how are we going to adjust to this. Government can't do anything unless the bank gives them the money to do it.
Robert Anton WilsonWhat the dead don't know piles up, though we don't notice it at first. They don't know how we're getting along without them, of course, dealing with the hours and days that now accrue so quickly, and, unless they divined this somehow in advance, they don't know that we don't want this inexorable onslaught of breakfasts and phone calls and going to the bank, all this stepping along, because we don't want anything extraneous to get in the way of what we feel about them or the ways we want to hold them in mind.
Roger AngellMy experience working in the Grameen Bank has given me faith; an unshakable faith in the creativity of human beings. It leads me to believe that humans are not born to suffer the misery of hunger and poverty. They suffer now as they did in the past because we turn our heads away from this issue.
Muhammad YunusThe impetus behind going to graduate school was a year after graduating from college spent in Dallas working at the dog food factory and Bank America and not having met success in my chosen field, which at that point was being an actress.
Beth HenleyDogs are great teachers. They are at home in the world. They live in the moment, and they force us to stay there with them. Dogs love us unconditionally, not for our bodies or bank accounts.
Susan CheeverBetween labor and play stands work. A man is a worker if he is personally interested in the job which society pays him to do; whatfrom the point of view of society is necessary labor is from his point of view voluntary play. Whether a job is to be classified as labor or work depends, not on the job itself, but on the tastes of the individual who undertakes it. The difference does not, for example, coincide with the difference between a manual and a mental job; a gardener or a cobbler may be a worker, a bank clerk a laborer.
W. H. AudenI'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.
Janet YellenJewish fundamentalism is teaching that Jews can fight with guns and with civil war, against being relocated off the West Bank, and disobey the orders of their government. That is the call to jihad, to several kinds of jihad.
Arthur HertzbergIt is vital that the World Bank Group continually challenges itself to refresh our development thinking. It is vital that a modernized multilateralism be open to new ideas.
Robert ZoellickIf I was a gold-digger, I would have a lot of money in my bank account. I'd be worth millions and millions.
Heather MillsBerlin is still a very edgy place, a very cosmopolitan place. It's a place where completely different ideas and cultures come together and clash in a very warm way. In a very warm-hearted way. It's a very young city. It's a vibrant city. It's an exciting city. It's a city that's also scarred by history. I think that's to be celebrated and graffiti is to be celebrated. Graffiti in Berlin is very different than when they spray something on the wall dividing the west bank and Israel. And should be treated as such in Berlin.
Ian BremmerNature will not let us fret and fume. She does not like our benevolence or our learning much better than she likes our frauds andwars. When we come out of the caucus, or the bank, or the abolition-convention, or the temperance-meeting, or the transcendental club, into the fields and woods, she says to us, "so hot? my little Sir.
Ralph Waldo EmersonLet us not forget the East Bank of the (River) Jordan, where seventy per cent of the inhabitants belong to the Palestinian nation.
George HabashPeople 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 WhitehornA man without a sense of purpose, even one whose bank accounts are stuffed with money, is always a small man.
Stephen KingBy 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 PoggeWomen hate revolutions and revolutionists. They like men who are docile, and well-regarded at the bank, and never late at meals.
H. L. MenckenFortunately, 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 StiglitzThe real metric of success isn't the size of your bank account. It's the number of lives in whom you might be able to make a positive difference.
Naveen JainContrary to a tenacious myth, France is not owned by California pension funds or the Bank of China, any more than the United States belongs to Japanese and German investors. The fear of getting into such a predicament is so strong today that fantasy often outstrips reality. The reality is that inequality with respect to capital is a far greater domestic issue than it is an international one.
Thomas PikettyEvery day take a few minutes and focus on SEEING yourself in joy. FEEL yourself in joy. IMAGINE only joy ahead in your life and see yourself basking in it You can't be in joy if you have money worries, or health worries, or relationship problems with friends or family. So deposit some joy in the bank of the Universe as often as you can. There isn't an investment that is more worthwhile.
Rhonda Byrne