#banking

Governments were only invented to give banks a medium of exchange. Politicians are the only universal currency. ↗

— Bauvard

#currency #funny #government #humor #money

Like the Nazis, the cadres of jihad have a death wish that sets the seal on their nihilism. The goal of a world run by an oligarchy in possession of Teutonic genes, who may kill or enslave other 'races' according to need, is not more unrealizable than the idea that a single state, let alone the globe itself, could be governed according to the dictates of an allegedly holy book. This mad scheme begins by denying itself the talents (and the rights) of half the population, views with superstitious horror the charging of interest, and invokes the right of Muslims to subject nonbelievers to special taxes and confiscations. Not even Afghanistan or Somalia, scenes of the furthest advances yet made by pro-caliphate forces, could be governed for long in this way without setting new standards for beggary and decline. ↗

— Christopher Hitchens

#caliphate #death-of-osama-bin-laden #fascism #islam #islamic-banking

The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile. ↗

— James Chanos

#banking system #built #china #chinese #clear

My early work and publications centered around expanding on the analysis of life insurance in my dissertation and its relationship to investment banking. ↗

— Douglass North

#around #banking #centered #dissertation #early

Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers. ↗

— Frances O'Grady

#deliver #devices #economies #expensive #governments

It is not by augmenting the capital of the country, but by rendering a greater part of that capital active and productive than would otherwise be so, that the most judicious operations of banking can increase the industry of the country. ↗

— Adam Smith

#augmenting #banking #capital #country #greater

There is nothing left now for us but to get ever deeper and deeper into debt to the banking system in order to provide the increasing amounts of money the nation requires for its expansion and growth. ↗

— Frederick Soddy

#banking system #debt #deeper #ever #expansion

When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do I sign. Legs? Fine. You don't even have to sign anything. ↗

— Craig Ferguson

#credit #mob #money #real-estate #recession

At the heart of banking is a suicidal strategy. Banks take money from the public or each other on call, skim it for their own reward and then lock the rest up in volatile, insecure and illiquid loans that at times they cannot redeem without public aid. ↗

— James Buchan

#banking #banks #call #cannot #each

You can't fall back on the private sector and say, 'You take care of the nation's banking system.' That's a fundamental function of the government, the Federal Reserve, the Treasury and the FDIC, etc. All of those agencies have a major role to play there. ↗

— Dick Cheney

#back #banking #banking system #care #etc