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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 FriedmanAnd so it can be very much in the interest of bank A to sell-short bank B shares, or buy CDSes on bank B, because they have exposure to bank B. It's the responsible thing to do as a fiduciary, and yet if everyone does it at the same time, it's destabilizing because everyone is selling.
James ChanosAs 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 DimonEven 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 BasescuImagine 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 LandersWhen 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 most important thing in your life is your health and your body. You can have all the education and you can have millions of dollars in the bank, but if you've got headaches every day, if you're fat and you are out of shape - what good is your money? Your health account and your bank account, build them both up!
Jack LaLanneA 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'BrienI want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.
Bernie SandersNight 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 BrautiganIf you want to talk further about a relationship with Russia, look no further than the Clintons. As we've said time and time again, Bill Clinton was paid half a million dollars to give a speech to a Russian bank, and was personally thanked by Putin for it. Hillary Clinton allowed one-fifth of America's uranium to - reserve to be sold to a Russian firm whose investors were Clinton Foundation donors. And the Clinton campaign chairman's brother lobbied against sanctions on Russia's largest bank and failed to report it. If you want to talk about having relations, look no further than there.
Bernie SandersI want to rob a bank so much - and I'm from the Midwest, so we have like one bank, no security cameras, and so I designed this thing.
Kellan LutzAccording 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 EnfieldIf I finance a bank and I know if the bank will get in trouble I will be hit and I will lose money, I will put a price on that.
Jeroen DijsselbloemYou 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. SimpsonThis is what class warfare looks like: The Business Roundtable - representing Goldman Sachs, Bank of America, JP Morgan Chase and others - has called on Congress to raise the eligibility age of Social Security and Medicare to 70, cut Social Security and veterans' COLAs, raise taxes on working families and cut taxes for the largest corporations in America.
Bernie SandersIsrael should withdraw from all the areas which it won from the Arabs in 1967, and in particular Israel should withdraw completely from the Golan Heights, from south Lebanon and from the West Bank.
Nelson MandelaThe essays in The Great Taos Bank Robbery were my project to win a Master of Arts degree in English when I quit being a newspaper editor and went back to college.
Tony HillermanGoldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.
David IckeThe 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 BreslinDo you know how the naturalist learns all the secrets of the forest, of plants, of birds, of beasts, of reptiles, of fishes, of the rivers and the sea? When he goes into the woods the birds fly before him and he finds none; when he goes to the river bank, the fish and the reptile swim away and leave him alone. His secret is patience; he sits down, and sits still; he is a statue; he is a log.
Henry David ThoreauWhat, did you think," she asked, laughing as he struggled up the bank, "that I, a Gaulish maiden, could not swim?" "I did not think anything about it," Malchus said; "I saw you pushed in and followed without thinking at all." Although they imperfectly understood each other's words the meaning was clear; the girl put her hand on his shoulder and looked frankly up in his face. "I thank you," she said, "just the same as if you had saved my life. You meant to do so, and it was very good of you, a great chief of this army, to hazard your life for a Gaulish maiden. Clotilde will never forget.
G.A. HentyYou always try to work for your audience, to entertain them, but that being said, obviously, within the studio system you feel the sense of responsibility to the bank.
Phillip NoyceI 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 KimThe best way to make your spouse and children feel secure is not with big deposits in bank account, but with little deposits of thoughtfulness and affection in the 'love account.'
Zig ZiglarBetween 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. AudenJust 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 DaliA man's worth isn't measured by a bank register or diploma... It's about integrity
Richard Paul EvansWhat 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 MujicaI 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 don't know of any other form of life that gathers up all the food it needs in the first two-thirds of its life in order to do nothing in its last third of life. In a utopian presentist society, instead of working extra hard to put money in the bank, you'd be working to provide value for the people around you.
Douglas RushkoffOur 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 GablerSeriously, I donโt care if feminists hunt me down and burn me at the stake, that man crooked his finger at me, Iโd follow him into a bank and rob it at his side.
Kristen AshleyLet us not forget the East Bank of the (River) Jordan, where seventy per cent of the inhabitants belong to the Palestinian nation.
George HabashProcrastination is illogical from every viewpoint. It is like the man who wanted to cross the stream, so he sat on the bank to wait for all the water to run by.
Vernon HowardThe slave labors, but with no cheer - it is not the road to respectability, it will honor him with no citizens' trust, it brings no bread to his family, no grain to his garner, no leisure in after-days, no books or papers to his children. It opens no school-house door, builds no church, rears for him no factory, lays no keel, fills no bank, earns no acres. With sweat and toil and ignorance he consumes his life, to pour the earnings into channels from which he does no drink, into hands that never honor him. But perpetually rob and often torment.
Henry Ward BeecherI want to eradicate poverty. I think that theres a tremendous passion for that inside the World Bank.
Jim Yong KimIn a very real way, the poor are our teachers. They show us that peopleโs value is not measured by their possessions or how much money they have in the bank. A poor person, a person lacking material possessions, always maintains his or her dignity. The poor can teach us much about humility and trust in God.
Pope FrancisFortunately, 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 StiglitzYou know, if your parents didn't have you, they'd be living in a nicer home, driving a Mercedes-Benz, with money in the bank and a boat. But noooooo. They had to have you! You've got to give back!
Richard SimmonsJust as bank tellers need a thorough knowledge of legitimate currency in order to spot counterfeit bills, so Christians need a thorough knowledge of the Bible in order to spot bogus religious teachings. How grounded are you in the Scriptures? How deep are your theological roots? How capable are you of detecting false teachings?
Charles R. SwindollThe 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 PoundThere are five main purposes of central bank cooperation"..."the provision of international credits and joint efforts to influence asset prices (especially gold and foreign exchange) in circumstances where this might be thought useful.
William Smith WhiteThe World Trade Organization, The World Bank, The International Monetary Fund and other financial institutions virtually write economic policy and parliamentary legislation. With a deadly combination of arrogance and ruthlessness, they take their sledgehammers to fragile, interdependent, historically complex societies and devastate them, all under the fluttering banner of 'reform'.
Arundhati Roy