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When 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. AndersonEven the National Bank of Romania doesn't have the huge resources needed to intervene in the market and keep the leu at an acceptable level, because they're drawing close to a floor below which the bank's reserves can't drop. The central bank has to wait for a moment of calm to efficiently conduct its interventions.
Traian BasescuWe don't have a state, neither in Gaza nor in the West Bank. Gaza is under siege and the West Bank is occupied. What we have in the Gaza Strip is not a state, but rather a regime of an elected government. A Palestinian state will not be created at this time except in the territories of 1967.
Ismail HaniyehA bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.
Myron ScholesThe clouds roll on. Silent as sleepwalkers the clouds keep coming from infinity bank behind bank and line after line, and change colors on the earth.
Rolf JacobsenNight 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 BrautiganMoney 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. HemphillAccording 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 EnfieldYou look at what China is doing to our country in terms of making our product. They're devaluing their currency, and there's nobody in our government to fight them. And we have a very good fight. And we have a winning fight. Because they're using our country as a piggy bank to rebuild China, and many other countries are doing the same thing.
Donald TrumpUnder pressure, people admit to murder, setting fire to the village church or robbing a bank, but never to being bores.
Elsa MaxwellIf 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 StoneThe Japanese are virtuosos. They make just the little accent that makes all the difference. So much there is so beautiful - just a shop window display is a work of art. Just the way they make all kinds of things out of bamboo that are so ingenious. Just the way this little bamboo drain or latch is so beautiful. The masonry around the streams to hold the bank are beautiful - and not all one kind and not just cement.
Jane JacobsI hated the culture [working in the bank], I hated the work. I very quickly realized that this wasn't what I wanted to do. So, after two years, I took some writing courses - I always loved to write - and I figured the only way I was going to get paid to write was in journalism.
Sharif Abdel KouddousThere are so many places, particularly right now. Go and volunteer at a food bank. If you play the piano, go play the piano in an Alzheimer's home. Or read in an Alzheimer's home. Help a military family with babysitting. The opportunities are endless. People often think 'They want me?' or 'I can be of help?' What we try to say here is 'Be who you are.'Feel that, live it and pass it on.
Maria ShriverYou entrust your money to banks, God entrusts His money to you. How would you feel if the bank took your money and used it to play the lottery or gamble with it? So, how does God feel?
Tony EvansDemocracy means doing whatever you want without asking permission of anybody but your boss, your doctor, your lawyer, your landlord, your bank, your city, your state and federal authorities, and your wife and children.
Sam LevensonThe 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 RoyGrowth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.
James GrantTime is infinitely more precious than money, and there is nothing common between them. You cannot accumulate time; you cannot borrow time; you can never tell how much time you have left in the Bank of Life. Time is life.
Israel DavidsonI went to the bank and reviewed my savings, I found out I have all the money I'll ever need. If I die tomorrow.
Henny YoungmanToday 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 KimSome 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 DaltonIncreasingly, 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 ChanosYou don't decide to build a church because you have money in the bank. You build because God says this is what I should do. Faith is the supplier of things hoped for and the evidence of things not seen.
Jim BakkerWhat was my great sin? To have revealed the private property of the bank - well if this is being a criminal, then maybe I'm a great criminal.
Jose MujicaBack in the late 1970's, when I was fifteen years old, I spent every penny I then had in the bank to fly across the continent in a 747 jet to Brandon, Manitoba, deep in the Canadian prairies, to witness a total eclipse of the sun.
Douglas CouplandOf all liars the most arrogant are biographers: those who would have us believe, having surveyed a few boxes full of letters, diaries, bank statements and photographs, that they can play at the recording angel and tell the whole truth about another human life.
A. N. Wilsonthe Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.
Noam ChomskyI like money. That is, it is my preferred means of completing pecuniary transactions. I'm not particularly keen on handing over wads of currency of the realm, but at least one knows where one is, whereas the chequebook is a snare and a delusion, containing misleading numbers of blank cheques when none of the money that the bank contains is rightfully one's own. ... I think banks owe their customers a lot by way of compensation for the aggravation they cause them.
Alice Thomas EllisIn truth, the gold standard is already a barbarous relic. All of us, from the Governor of the Bank of England downwards, are now primarily interested in preserving the stability of business, prices, and employment, and are not likely, when the choice is forced on us, deliberately to sacrifice these to outworn dogma, which had its value once, of 3 pounds, 17 shill ings, 10 1/2 pence per ounce. Advocates of the ancient standard do not observe how remote it now is from the spirit and the requirements of the age. A regulated nonmetallic standard has slipped in unnoticed. It exists.
John Maynard KeynesThe 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 JainPeople 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 HudsonTaking away a person's control of her own life - meaning her bank account - is one of the greatest infringements a democracy can impose, especially when it applies to young people. It is an infringement even if the intent may be perceived as benign and socially valid.
Steig LarssonWeirdly 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 CoulterPlaying nuts is a game like any other, neither better than tops, nor worse than cards. The game is played in various ways. There are 'holes' and 'bank' and 'caps.' But every game finishes up in the same way. One boy loses, another wins. And, as always, he who wins is a clever fellow, a smart fellow, a good fellow.
Sholom AleichemDangers are sum like a kold bath, very dangerous while you stand stripped on the bank, but often not only harmless, but invigorating, if you pitch into them.
Josh BillingsA cozy home is not just a sixty-five thousand dollar house bought from Bank of America. A cozy home is a total consciousness of the two individuals within the framework of the home, and in relationship to the entire surrounding of this planet and beyond this planet. God lives in cozy homes.
Harbhajan Singh YogiYou have got me walking up and down all day under those trees, saying to me over and over again, "Solitude, solitude." And You have turned around and thrown the world in my lap. You have told me, "Leave all things and follow me," and then You have tied half of New York to my foot like a ball and chain. You have got me kneeling behind that pillar with my mind making a noise like a bank. Is that contemplation?
Thomas MertonIf 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