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Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.
Bernard BaruchWhat'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 Depression, which started in 1929 was rather mild from 1929 to 1930. And, indeed, in my opinion would have been over in 1931 at the latest had it not been that the Federal Reserve followed a policy which led to bank failures, widespread bank failures, and led to a reduction in the quantity of money.
Milton FriedmanThe 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 PutinThe paths to liberation are numerous, but the bank along the way is always the same, the Bank of Karma, where the liberation account of each of us is credited or debited depending on our actions.
Yann MartelThe Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.
Vladimir PutinA 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 PaulThese days I mostly worry โbout my bank account/I ainโt backinโ out โtil I own a bank to brag about.
Himanshu SuriMoney in the hand is real - coins and bills. The rest I don't believe in, and I don't think I ever did, really. What's a check, after all, but a promise - mine, the bank's. Me, I know, but the bank?
Joanne GreenbergFrom the U.S. point of view, negotiations are, in effect, a way for Israel to continue its policies of systematically taking over whatever it wants in the West Bank, maintaining the brutal siege on Gaza, separating Gaza from the West Bank and, of course, occupying the Syrian Golan heights, all with full U.S. support.
Noam ChomskyMonetary 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 ReedMoney 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 LietaerI 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 ObamaMitt 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 FallonNow between '45 and '48, things would change enormously, 'cos we'd had credit in United States, credit from the Bank of America, credit from the Import-Export Bank and people had started working again.
Gianni AgnelliIf your bank took bailout money, take your money out of that bank and put it in a credit union. Credit unions are owned by the people who have their money in the credit union.
Michael MooreSeventy-five years ago I was born in Tampico, Illinois, in a little flat above the bank building. We didn't have any other contact with the bank than that.
Ronald ReaganWhen stuck in the river, it is best to dive and swim to the bank yourself before someone drops a large stone on your chest in an attempt to hoosh you there.
A. A. MilneIf 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 StoneFigures dark beneath their loads pass down the far bank of the river, rendered immortal by the streak of sunset upon their shoulders
Peter MatthiessenBank-paper must be suppressed, and the circulating medium must be restored to the nation to whom it belongs.
Thomas JeffersonThere 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 ShriverEveryone has taste, yet it is more of a taboo subject than sex or money. The reason for this is simple: claims about your attitudes to or achievements in the carnal and financial arenas can be disputed only by your lover and your financial advisers, whereas by making statements about your taste you expose body and soul to terrible scrutiny. Taste is a merciless betrayer of social and cultural attitudes. Thus, while anybody will tell you as much (and perhaps more than) you want to know about their triumphs in bed and at the bank, it is taste that gets people's nerves tingling.
Stephen BayleyItโs 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 CollinsGoldman 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 IckeQuantitative easing is just the latest chapter in the Federal Reserveโs hundred-year history of failure. (...) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed.
Ron PaulI am aware that my name has been connected with all the bank robberies in the country; but positively I had nothing to do with any one of them. I look upon my life since the war as a blank, and will never say anything to make it appear otherwise.
Cole YoungerIf the Treasury were to fill old bottles with bank-notes, bury them at suitable depths in disused coal-mines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of repercussions, the real income of the community, and its capital wealth, would probably become a good deal greater than it actually is.
John Maynard KeynesMy 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 one thing that offends me the most is when I walk by a bank and see ads trying to convince people to take out second mortgages on their home so they can go on vacation. That's approaching evil.
Jeff BezosBy happy chance we saw A twofold image: on a grassy bank A snow-white ram, and in the crystal flood Another and the same!
William WordsworthWhat 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 rang my friend Jim Wolfensohn, who was then running a private commercial bank in New York. I said, "Come up to Vancouver", and he did. I put my proposition to him. He said, "I think it could work." I said, "Will you help us?" He said, "Yes." So, I set aside senior people in our treasury and they worked with Wolfensohn and the investment sanctions were applied. And that's what brought the regime down. The last South African Finance Minister, Barend du Plessis, went on record as saying that it was the investment sanctions that put the final nail in the coffin of apartheid.
Bob HawkeI break my back for music because it's something that I love, but I'm not going to break my back for a bank. I wouldn't want to be an ATM repairman; there are some things that just aren't worth it.
Joshua HommeThe most agreeable thing in life is worthy accomplishment. It is not possible that the idle tramp is as contented as the farmers along the road who own their own farms, and whose credit is good at the bank in town. When the tramps get together at night, they abuse the farmers, but do not get as much satisfaction out of it as do the farmers who abuse the tramps. The sounder your argument, the more satisfaction you get out of it.
E. W. HoweBerlin 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 BremmerI 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 EllisEveryone 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 LoreThe 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 PoundI think most artists feel like they're outside society - no matter how many accolades they receive, or how much money is in your bank account, whatever is going on in your life on the professional side.
Aaron RoseEverything a gay man does makes a political statement. Everything matters: where you bank, where you shop, where you eat. When you hold your loverโs hand in public
Josh LanyonPlaying 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 AleichemAt the beginning of a remodel, money is everything, but as you go along, it becomes secondary to the vision. You can't have the house looking like a glorious jewel and leave the cracked linoleum or the icky light fixture, so you spend and spend and spend. Then one day it suddenly occurs to you that all that play money you've been throwing around is real - and it's in someone else's bank account.
Margo Kaufman