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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 FriedmanBringing 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 ModiWhat is important is how much service you can give to the world and how much better you can make things. These are important things. These are all that are important. A bank account never measured the worth of a man. His ability to help measured his worth and that's all. A bank account can assist one to help but where it ceases to do that it becomes useless.
L. Ron HubbardWe 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 HaniyehIf you wanted to create jobs in a way that has minimal effect on the deficit but has government action, the two best things you could do are the infrastructure bank and a simple SBA-like loan guarantee for all building retrofits, where the contractor or the energy-service company guarantees the savings. So that allows the bank to loan money to let a school or a college or a hospital or a museum or a commercial building unencumbered by debt to loan it on terms that are longer, so you can pay it back only from your utility savings. You could create a million jobs doing that.
William J. ClintonI was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96.
Herman CainA 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 PaulGrameen Bank was formed as an institution owned by its borrower members, who are poor women. Through its unique decision-making process, Grameen Bank has given millions of women the means to emerge from the shadows in a male-dominated society and to make something of themselves.
Muhammad YunusMonetary 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 ReedI 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 LutzThe larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.
Hilaire BellocI 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 ObamaI remember when my father passed away, we drove the funeral procession past the bank so he could say one last goodbye. That's how much the bank meant to my father.
Alexi GiannouliasIt really is easy to forget the unpleasant if we simply refuse to recall it. Withdraw only positive thoughts from your memory bank. Let the others fade away. And your confidence, that feeling of being on top of the world, will zoom up-ward. You take a big step forward toward conquering your fear when you refuse to remember negative, self-deprecating thoughts.
David J. SchwartzFigures dark beneath their loads pass down the far bank of the river, rendered immortal by the streak of sunset upon their shoulders
Peter MatthiessenEveryone I talked to was a recording-the bank, the elevator, your office, the school, a wrong number. You used to be able to call a wrong number and get a person.
Erma BombeckI've spent hundreds of thousands of pounds on the very best security and I can assure you my homes are as safe as the Bank of England.
Simon CowellWhat happens when you get hurt? Take that kid at Kentucky, Nerlens Noel, who could have turned pro after high school.Who knows what's going to happen? How the operation is going to go? The only thing I do know is that he would have been a top pick in the draft last year, and he'd have millions of dollars in the bank.
Sonny VaccaroI put my money in the bank: I have to think of life after modeling, when I'm not famous any more.
Eva HerzigovaThe 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 DodsonThe 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 RoyMost banks - with Deutsche Bank at the top of the spectrum here - have decided that they can't make money lending to barrowers anymore, so they're going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives.
Michael HudsonAnd if at times you renounce experience and mind's heavy logic, it seems that the world has rushed along on its orbit, leaving you alone flying above a forgotten cloud bank, somewhere in the solitude of interstellar space.
Charles LindberghQuantitative 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 PaulAs 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 BillOn one level, going bust didn't bother me. It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My mates weren't bothered. My dad was in business.. he knew that it happened, too. He loaned me the money to bail me out, and I got a loan from the bank to pay him back.
Simon CowellGrowth 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 GrantThere, 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 ByronThe law courts must appear as a threatening gesture toward secret vice. The bank must declare: here your money is secure and well looked after by honest people.
Adolf LoosEveryone asks about gold. This is the irony: just as Jim Grant tells us (correctly) that we all have faith-based paper currencies backed by nothing, it is equally fair to say that gold is a faith-based metal. It pays no dividend, cannot be eaten, and is mostly used for nothing more useful than jewelry. I would say that anything of which 75% sits idly and expensively in bank vaults is, as a measure of value, only one step up from the Polynesian islands that attached value to certain well-known large rocks that were traded.
Jeremy GranthamIn fact, some leaders come right out and say it. Mario Draghi the president of the European Central Bank had an interview with the Wall St Journal in which he said the social contract's dead; we finally got rid of it.
Noam ChomskyIt is interesting to contemplate an entangled bank clothed with many plants of many kinds with birds singing on the bushes, with various insects flitting about and with worms crawling through the damp earth and to reflect that these elaborately constructed forms so different from each other and dependent on each other and so complex a manner have all been produced by laws acting around us.
Charles Darwin[People] have seen the credit market seize up. They're worried about money market funds, although the latest proposition from government should take care of that. They've seen eight percent of the bank deposits in the United States get moved very skillfully, I might say, within the last couple of weeks from institutions that they thought were fine a few months ago to other institutions. They are not wrong to be worried.
Warren BuffettOur commercial bank [JPMorgan] is only in the U.S. We are serving what you call SMEs - small businesses, private companies.
Jamie DimonInvest your money in Dada! Dada is the only savings bank that pays interest in the hereafter!
Kurt SchwittersI never had to say to myself, 'OK now, I've got to grow up and work for a bank, or go and sell real estate.' I never had to make that kind of break.
Luke WilsonIt's one thing to ask your bank manager for an overdraft to buy 500 begonias for the borders in Haslemere, but quite another to seek financial succour to avail oneself of the 5-2 they're offering on lie de Bourbon for the St Leger.
Jeffrey BernardIn 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 KeynesEveryone 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 LoreIn the old days, when you took out a mortgage, it was probably through a local bank or a credit union, and whoever gave you your loan held on to it for life. If you lost your job or got too sick to work and suddenly had trouble making your payments, you could call a human being and work things out.
Matt TaibbiU.N. officials said today they desperately need $7 billion to help people cope with disasters, but they're having a hard time getting people to send rescue money. Here's what the UN should do: Invest in bad mortgages, run a bank into the ground, give yourself a bonus, get some spa treatments and, in no time, the government will send you $750 billion.
Jay LenoI 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 RoseThe fact that you have government-guaranteed student loans has created a whole new sector in the American economy that didn't really exist before - private for-profit universities that sell junk degrees that don't help the students. They promise the students, "We'll help you get a better job. We'll arrange a loan so that you don't have to pay a penny for this education." Their pet bank gets them the government-guaranteed loan, and the student may get the junk degree, but doesn't get a job, so they don't pay the loan.
Michael Hudson