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Banks Quotes

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Banks Quotes

“Banks were once an extremely valuable part of the economy and did a lot of good in advancing civilization. Banks played a pivotal role in financing big projects like roads, bridges, factories, stadiums, etc. Banks were to the economy what the heart is to the human body. But that has ended. Traditional banks have become extra toxic entities in the economy. It’s partially the fault of excessive government regulations that have made everything dysfunctional and it’s partially the fault of greedy bankers putting profits above customers and shareholders above society... But nonetheless, banks today offer very little benefit to their clients. They pay barely anything in interest. They offer barely anything in growth. They move money too slowly. They’re too restrictive. They’re selling the same boring products and services they did a hundred years ago. And they have too much power over peoples accounts. Soon, the many new companies and applications that emerge on the Ethereum infrastructure will eliminate the need for traditional banks and eliminate their value proposition by providing people with superior value. Everything from growth to asset management to lending can be done even better on the Ethereum infrastructure by anyone.”

BankingBankersCryptoNftCryptocurrencyBanking SystemBanksEthereumBanker
Author:Hendrith Vanlon Smith Jr
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“In general, markets have well-known inefficiencies. One is that transactions do not take into account the effect on others who are not party to them. These so-called externalities can be huge. That is particularly so in the case of financial institutions. Their task is to take risks, and if well managed, to ensure that potential losses to themselves will be covered. To themselves. Under capitalist rules, it is not their business to consider the cost to others. Risk is underpriced, because systemic risk is not priced into decisions. That leads to repeated crisis, naturally. This inherent deficiency of markets is well known.”

CapitalismBanking SystemBanksFree Market CapitalismFinancial RiskFree MarketsFree Market Ideology
Book:Hopes and Prospects
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“He tried to read an elementary economics text; it bored him past endurance, it was like listening to somebody interminably recounting a long and stupid dream. He could not force himself to understand how banks functioned and so forth, because all the operations of capitalism were as meaningless to him as the rites of a primitive religion, as barbaric, as elaborate, and as unnecessary. In a human sacrifice to deity there might be at least a mistaken and terrible beauty; in the rites of the moneychangers, where greed, laziness, and envy were assumed to move all men's acts, even the terrible became banal.”

CapitalismEconomicsBankingBanksBankLeguin
Book:The Dispossessed: An Ambiguous Utopia
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“Do you understand what I'm saying?" shouted Moist. "You can't just go around killing people!" "Why Not? You Do." The golem lowered his arm. "What?" snapped Moist. "I do not! Who told you that?" "I Worked It Out. You Have Killed Two Point Three Three Eight People," said the golem calmly. "I have never laid a finger on anyone in my life, Mr Pump. I may be–– all the things you know I am, but I am not a killer! I have never so much as drawn a sword!" "No, You Have Not. But You Have Stolen, Embezzled, Defrauded And Swindled Without Discrimination, Mr Lipvig. You Have Ruined Businesses And Destroyed Jobs. When Banks Fail, It Is Seldom Bankers Who Starve. Your Actions Have Taken Money From Those Who Had Little Enough To Begin With. In A Myriad Small Ways You Have Hastened The Deaths Of Many. You Do Not Know Them. You Did Not See Them Bleed. But You Snatched Bread From Their Mouths And Tore Clothes From Their Backs. For Sport, Mr Lipvig. For Sport. For The Joy Of The Game.”

LifePhilosophyWisdomDeathJusticeCrueltySportBanks
Book:Going Postal
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“We are emotionally attached to our own ideas of living. With this attachment we tend to judge others. We can’t even be properly nourished by the same foods or be cured by the same medicine; So what makes us think that we all can successfully live by the same rules? Everyone has their own idea of happiness. What makes one person happy may make another person feel the exact opposite.”

BanksTrue BlueDushawnDushawnbanksquotesDushawnbanks
Book:True Blue
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“People aren't pissed just to be pissed. They're mad because a tiny group of crooks on Wall Street built themselves beach houses in the Hamptons through a crude fraud scheme that decimated their retirement funds, caused property values in their neighborhoods to collapse and caused over four million people to be put in foreclosure.”

AngryFraudCriminalBanksWall StreetGoldman SachsWhite Collar CrimeAngry PeopleBankstersMortgage CrisisBailoutSubprime Mortgage LoansSubprime Mortgage CrisisBanksterVampire SquidWhite Collar Criminal2008 Economic ImplosionLloyd BlankfeinRolling Stone MagazineWall Street Bailout
Author:Matt Taibbi
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“Your reaction was not unexpected. Let me put it this way: Fort Knox is a bank like any other bank. But it is a much bigger bank and its protective devices are correspondingly stronger and more ingenious. To penetrate them will require corresponding strength and ingenuity. That is the only novelty in my project--that it is a big one. Nothing else. Fort Knox is no more impregnable than other fortresses. No doubt we all thought the Brink organization was unbeatable until half a dozen determined men robbed a Brink armored car of a million dollars back in 1950. It is impossible to escape from Sing Sing and yet men have found ways of escaping from it. No, no, gentlemen. Fort Knox is a myth like other myths.”

BanksFort Knox
Book:Goldfinger
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“You may well ask: when the bubble finally burst, why did we not let the bankers crash and burn? Why weren't they held accountable for their absurd debts? For two reasons. First because the payment system - the simple means of transferring money from one account to another and on which every transaction relies - is monopolised by the very same bankers who were making the bets. Imagine having gifted your arteries and veins to a gambler. The moment he loses big at the casino, he can blackmail you for anything you have simply by threatening to cut off your circulation. Second, because the financiers' gambles contained deep inside the title deeds to the houses of the majority. A full-scale financial market collapse could therefore lead to mass homelessness and a complete breakdown in the social contract. Don't be surprised that the high and mighty financiers of Wall Street would bother financialising the modest homes of poor people. Having borrowed as much as they could off banks and rich clients in order to place their crazy bets, they craved more since the more they bet, the more they made. So they created more debt from scratch to use as raw materials for more bets. How? By lending to impecunious blue collar worker who dreamed of the security of one day owning their own home. What if these little people could not actually afford their mortgage in the medium term? In contrast to bankers of old, the Jills and the Jacks who actually leant them the money did not care if the repayments were made because they never intended to collect. Instead, having granted the mortgage, they put it into their computerised grinder, chopped it up literally into tiny pieces of debt and repackaged them into one of their labyrinthine derivatives which they would then sell at a profit. By the time the poor homeowner had defaulted and their home was repossessed, the financier who granted the loan in the first place had long since moved on.”

Financial CrisisBanksGreat RecessionCredit CrunchBank Bailout
Book:Technofeudalism: What Killed Capitalism
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“The fight against climate change is often an opportunity for banks, financial institutions, and ratings agencies to develop a new marketing product, a new green bond, and a new net-zero tracker index fund as often as they can.”

BanksSustainable HumanitySustainable EconomyGreenwashing
Book:The Definitive Guide to Thriving on Disruption: Volume IV - Disruption as a Springboard to Value Creation
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“When the river of emotions bursts its banks and expectations go over the edges of reality, the brain creates hallucinations. Ringxiety-stricken people feel illusive vibrating alerts and hear phantom phone rings, since absence of ringing generates scaring emptiness and destroys their self-esteem. ("Kein Schwein ruft mich an" )”

PeopleRealityBrainSelf EsteemEmotionsExpectationsAbsenceEmptinessCreateFeelRiverDestroyHallucinationsHearVibratePhoneBanksAlertEdgeRingPhantomBurstGenerateRingingSchweinStrickenIllusiveScaringPhantoms In The BrainRingxiety
Author:Erik Pevernagie
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“Pick a leader who will make their citizens proud. One who will stir the hearts of the people, so that the sons and daughters of a given nation strive to emulate their leader's greatness. Only then will a nation be truly great, when a leader inspires and produces citizens worthy of becoming future leaders, honorable decision makers and peacemakers. And in these times, a great leader must be extremely brave. Their leadership must be steered only by their conscience, not a bribe.”

PeopleLoveHumansWarCountryCharacterWisdomHandsGovernmentTruthSchoolJobsLawHateHumanityPoliticsStrongFearPeaceUnderstandingPresidentLeadershipJusticeFreedomMoneyRaceEducationLeaderDarknessEnvironmentTeacherBloodTeamSocietyMankindHonestSecurityGreatnessIgnoranceInspireBooksMoralityIntegrityRepublicanSpeechDiversityWeaponsLosingRacismConscienceCapitalismCriticismDestructionHatredDoctorsLiesVoteBraveryIntelligentElectionBraveUnityDemocratEnvironmentalChaosLibraryGreedTerrorEqualityCorruptionHumbleProtectionSpendingOilImprovementToleranceDiscriminationEmploymentPeacefulAdministrationHealth CareBridgesCorporationsHuman LifePresidentialHypocrisyVotingDivisionLeadersDividesJobStabilityCensorshipHuman ConditionFairnessTolerateFreedom Of SpeechHonorableConservationPreservationLieDiplomacyBankingIncentivesSegregationSecrecyTeachersFundingBankersPolitical ScienceTransparencyDissentGreat LeaderUnderstandNationEnvironmentalismWordElectionsHeartsMonetaryLeadSchoolsCorruptTruthfulnessDoctorScrutinyLeadership CharacteristicsImmoralityDiplomaticBig BusinessLibrariesEnvironmentalistConfidentCommon ManIntellectualismBribeFamiliesGuidePublicGood LeaderLeadership TraitsPeacemakerImmaturityBipartisanGovernment CorruptionGreat LeadershipBest LeaderSlyWallsPharmaceuticalReligious ToleranceUnitingBanking SystemBailFairLawlessnessCitizenConvergenceBanksFuture LeadersCompaniesStreetVoterCriticForeign RelationsHomesIdentifyFarmerAirlinesUniteDivideMake America Great AgainPeacemakersBig PharmaEducatorsWe The PeopleBankerCensorBuild BridgesSilencing DissentDiscriminatePeacekeeperPicking SidesFor The PeopleLobbyistPharmaCriticsmGreat NationHeart DrivenBail OutFurtureIndentifiesMonetary ProfitOil TycoonPick A LeaderSelectingServes The PeopleUnitesHonest BrokerMan On The StreetMoney DrivenMortageMortagesMultinationalStreet LevelConfident LeaderDecisionmakersDecison MakersEthnic ToleranceRace Tolerance
Book:Rise Up and Salute the Sun: The Writings of Suzy Kassem
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