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Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis.
What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.
It is a well known urban myth that the French don't trust banks and store their money under their mattress. It's not that they are tight with money - they just don't trust anyone.
When ATM machines came out and people were prosecuted for robbing ATM machines, I don't think anybody thought the banks were against technology because they didn't want their ATM machines lifted.
Rather than worrying about entities, we should worry about the trends in technology that may cause disruptions... if we get so paranoid that banking is no longer going to exist and banks are going to get disrupted, I think that is a different worry.
The blockchain concept was pioneered within the context of crypto-currency Bitcoin, but engineers have imagined many other ways for distributed ledger technology to streamline the world. Stock exchanges and big banks, for example, are looking at blockchain-type systems as trading settlement platforms.
We should ban banks from risk-taking because society is going to pay the price.
I hate banks. They do nothing positive for anybody except take care of themselves. They're first in with their fees and first out when there's trouble.
Each day of our lives we make deposits in the memory banks of our children.
Businesses - we protect our businesses with the guns, our banks, our money. We protect politicians with guns.
Banks are an almost irresistible attraction for that element of our society which seeks unearned money.
The process by which banks create money is so simple that the mind is repelled.
I have always been afraid of banks.
Banks have a new image. Now you have 'a friend,' your friendly banker. If the banks are so friendly, how come they chain down the pens?
I am pleased to be part of Promontory's steady efforts to assist banks and other financial firms in meeting legal and regulatory obligations and challenges.
The Congress has had an uneasy relationship with banks and bankers since Alexander Hamilton. It took the United States until 1913 to set up a central bank. The Federal Reserve earned its hard-won independence over years of effort.
A couple years ago, the novelist Russell Banks told me he was reading the ancient Greek historian Herodotus. I asked why. He said, 'Because I've always wanted to and am tired of having my reading assigned.' I thought it was a marvelous declaration of independence.
If investments in banks fall, it is a tragedy, and people say, 'What are we going to do?' but if people die of hunger, have nothing to eat or suffer from poor health, that's nothing.
GAVI works collaboratively with the private sector - from investment banks to vaccine suppliers to corporations to members of the Forbes 400 - to find new and better ways to raise and apply resources and broaden the base of participants in global health.
I started 'Outer Banks,' because there's so much hype around it. I saw one episode and I didn't really continue, but I got to keep going at it. Two of the actors on there were also in 'Stranger Things,' and all my friends always ask, 'Oh my God, you know Madelyn Cline. She was in 'Stranger Things' too.'
The river flows at its own sweet will, but the flood is bound in the two banks. If it were not thus bound, its freedom would be wasted.
Traditional consumer finance has been unfair for decades. Banks have had a monopoly on financial services and have been able to overcharge and underserve consumers.
All the central banks are doing is substituting one form of debt with another form of debt. They're issuing short term debt and using it to buy long term debt. In finance, we tend to think that's a neutral activity, even though those stimulus programs are huge.
The ECB puts out money that is meant to help our banks, but they do not use it to finance our businesses, but they give it to them to buy back their debt, to help French and German banks.
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