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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 FriedmanChoicelessness brings you to the whole. Choice is always of the part, necessarily so. And then one person goes from one choice to another, becomes a driftwood - from this bank to another bank, from that bank to this bank. This is how you have been moving, down the ages, for so many lives
RajneeshBringing 17 crore people to the doors of the bank is a huge task and I commend all the bank officials for the same. It is not difficult to open a bank branch, it is difficult to get 17 crore people to open bank accounts.
Narendra ModiAs a matter of fact 25% of our U.S. investment banking business comes out of our commercial bank. So it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "Oh, if you need X, Y and Z in Japan or China, we can do that for you."
Jamie DimonWhen a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.
Robert B. AndersonThe 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 HudsonWhat 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 TobiasA system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank.
Ron PaulPeople think when you have a, quote, 'bank failure,' that that is the end of the bank. And it isn't necessarily.
Michele BachmannA 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 RoyceA bank in Washington was robbed by two men in George W. Bush masks. Luckily, right afterwards two guys in President Obama masks came and bailed the bank out, so everything is fine.
Conan O'BrienMoney 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. HemphillMitt Romney will travel to London where he will attend the Olympics opening ceremony. Of course it's going ot be weird when they're announcing all the countries, and he's like 'Got a bank account there, got one there, two bank accounts there.'
Jimmy FallonLook 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 HudsonWe can also reassure our Palestinian partners that we understand the importance of territorial contiguity in the West Bank for a viable Palestinian state ...
Ariel SharonAnyway, 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 KingThe 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 DodsonIsrael 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 WarrenIf you spend your life competing with business men, what do you have? A bank account and ulcers!
Marilyn MonroeThe 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 BreslinWe have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.
Paul HawkenI 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 BurgessThere, carried high on a bank of clouds, hovers a shape, a triangle in the sky. This is the Holy Mountain Athos, station of a faith where all the years have stopped.
Robert ByronWhat 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 AngellThe massive corruption common in so many developing countries would be quite impossible if Western countries did not provide convenient opportunities to ship ill-gotten funds out of the country. It wouldn't make much sense for a ruler to store in his basement large quantities of stolen cash in his own country's currency. A corrupt ruler wants to be able to keep this money safe and to be able to spend it. And for this, he needs to convert it into a Western currency and store it in a bank abroad, where it can also earn investment returns and be bequeathed to his heirs.
Thomas PoggeToday there are a lot places where people say they're just hopeless. If I can come from a hopeless country, get an education, become a hyphenated American and become president of the World Bank, it's my moral duty to make sure that every single person on the planet has that opportunity.
Jim Yong KimIncreasingly, 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 ChanosExperience burned into me the conviction that access to education ought to be based on how much you are willing to learn and how hard you are willing to work, not on how many dollars your family has in their bank account.
Dave ObeyJust as I am astonished that a bank clerk never eats a cheque, so too am I astonished that no painter before me ever thought of painting a soft watch.
Salvador DaliTM in the a.m. and the p.m....20 minutes in the bank, all day in the market place.
Maharishi Mahesh YogiOur own personal salvation is to say, "I'm not going to judge myself, or let other people judge me, by my economic worth." We can't, obviously, control how other people will judge us, but - Life's too short to worry about those things. We can't control those things, but we can control how we feel about ourselves. And we work towards that. To say, "My life has been a success. Even if my bank account doesn't indicate it."
Neal GablerIn my mid 30's, after a decade or so of giving full time to the music thing and finding myself with about $10 in the bank and no assets other than my musical equipment, I realized I needed to get serious about making a living.
Marc EdwardsThe entrepreneurs who succeed usually want to make a difference to peopleโs lives, not just their own bank balances.
Richard BransonOur commercial bank [JPMorgan] is only in the U.S. We are serving what you call SMEs - small businesses, private companies.
Jamie DimonBeing a [bank] director is like being a pilot of an aircraft - it's years of boredom and seconds of terror.
Moira JohnstonThe universe is like a giant bank vault lock, where the tumblers are constantly moving and once in a while the tumblers line up and you have to listen for the click. So you must be prepared in that moment to step through the door.
James CameronA man without a sense of purpose, even one whose bank accounts are stuffed with money, is always a small man.
Stephen KingMick Jagger also a music connoisseur and knows everything about that era. So, you knew the music side was going to be top-notch. It's HBO. On Men of Certain Age, if we wanted a song, it would break the bank. But, Vinyl can go all-out.
Ray RomanoEveryone has options. They are a fixed set of predetermined scenarios, points of view, perceived limitations that already reside in your data bank. If you depend on your options to formulate your future, that future will be no more than a rearrangement of your past. Then he says, โPossibilities are completely different. When you ask โwhat is possible?โ you must stretch your imagination out of the confines of the familiar. To live a life beyond the mediocre, ask not โwhat are my options?โ but โWhat is possible?โ
Nicholas LoreI helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912. I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.
Smedley ButlerTruth lives, in fact, for the most part on a credit system. Our thoughts and beliefs pass, so long as nothing challenges them, just as bank-notes pass so long as nobody refuses them.
William JamesOne 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 HoevenMobile phone technology can help to bring financial services to the 80 percent of African women who do not have a bank account and bolster the growth of the world's poorest continent. It's not just about empowering women, it's about economic growth. Unless we can make access to finance easier for women in their businesses, we will be missing out on a significant portion of growth within our economies
Ngozi Okonjo-Iweala