#banking

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. ↗

— John Maynard Keynes

#debt #economics #economics

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

In my generation, except for a few people who'd gone into banking or nursing or something like that, middle-class women didn't have careers. You were to marry and have children and be a nice mother. You didn't go out and do anything. I found that I got restless. ↗

— Julia Child

#banking #careers #children #except #few

After graduating from college I worked at a variety of jobs, from banking to politics. I enjoyed whatever I was doing at the time but I didn't love my work. ↗

— Joe Flanigan

#banking #college #doing #enjoyed #graduating

And I think we need a combination of a freeze, potentially, and also we need to sit down with the - with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out, because it's absolutely imperative that we keep people in their homes. ↗

— Debbie Wasserman Schultz

#about #absolutely #also #banking #because

The trouble is, nobody knows exactly how the world really works. We are all fallible people with limited knowledge. It is only through Biblical revelation from the One who knows how the world really works because He made it and actively sustains it that anyone can come to a competent understanding of the world. ↗

— Gary North

#christianity #economics #reconstructionism #money

My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business. ↗

— Frederick W. Smith

#banking #business #idea #industries #innovation

In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or "monetize" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist. ↗

— David Graeber

#debt #england #money #money

We've got activists all across the country like the members of the Million Mom March organization, some of their leaders are here tonight. We're phone banking congressional offices and pursuing editorial boards. ↗

— Michael D. Barnes

#activists #banking #boards #congressional #country

The trouble with being educated is that it takes a long time; it uses up the better part of your life and when you are finished what you know is that you would have benefited more by going into banking. ↗

— Philip K. Dick

#being #benefited #better #educated #finished