Quotes of All Topics . Occasions . Authors
Being a fan of authentic Dada, I find today's art - what I call 'Bankers' Dada' - mind-numbingly dull. The most challenging work I've seen of late is by The British Art Resistance. Their document, 'A Call for Heroes in an Age of Cowards', is apt in these days of witless chancers.
We are Americans. We - we - we are - we are doctors. We are investment bankers. We are taxi drivers. We are store keepers. We are lawyers. We are - we are part of the fabric of America. And the way that America today treats its Muslims is being watched by over a billion Muslims worldwide.
We are all socialists now, it seems. John McCain, David Cameron and Gordon Brown attack bankers' irresponsible behaviour and salaries, and call for state intervention in the financial markets. But these calls will not get them elected or re-elected if they are addressed only to the banking sector.
I don't have much time for the 'sad clown' thing. It's only associated with comedians because of the disparity between feeling like that and what we do for a living. I bet there are loads of sad bankers and sad dentists. We just don't notice because they aren't bringing that much joy to the world.
If we want to revive and achieve the American Dream, we need to change a situation in which the people whose hard work makes this country run cannot earn a living wage, while bankers, speculators, and corporate elites - the real 'takers' in today's society - skim off far more than their fair share.
Economics is not a science; it is a quasi-religion: part superstition, part mystique, part sentimentality. Bankers dream like other men, the only difference being that when their dreams turn to nightmares, we all lose sleep. There can be no trusting the muttering of any prelate when it comes to money.
Central bankers always try to avoid their last big mistake. So every time there's the threat of a contraction in the economy, they'll over stimulate the economy, by printing too much money. The result will be a rising roller coaster of inflation, with each high and low being higher than the preceding one.
RAREBIT n. A Welsh rabbit, in the speech of the humorless, who point out that it is not a rabbit. To whom it may be solemnly explained that the comestible known as toad-in-a-hole is really not a toad, and that riz-de-veau à la financière is not the smile of a calf prepared after the recipe of a she banker.
Having wallowed in a delightful orgy of anti-French sentiment, having deplored and applauded the villains themselves, having relished the foibles of bankers, railwaymen, diplomats, and police, the public was now ready to see its faith restored in the basic soundness of banks, railroads, government, and police.
If Americans are frustrated with Congress, imagine their frustration with a group of international bank officials running our ecomomy-bankers who may not have as their motive either to see us out of debt to them or to strengthen our economy, society, international influence, or other elements of our way of life.
The U.S. obviously has all the evidence they need to prosecute bankers. They just need to search their own spy database and then there you go - 1,000 bankers in jail, a trillion dollars in fines. But it doesn't happen. Instead, the spy network is being used to fight a copyright case. They used Prism to spy on me.
Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
Politicians have patronised and talked down to us all when it comes to our economy, but ordinary working people have to manage on incomes significantly lower than the likes of George Osborne and his friends in the City. They could teach the bankers and many commentators a thing or two about managing a budget responsibly.
When you say "bank," a bank is a building, a set of computers and chairs and things. The bankers are the people running these banks. They're the chief officers, and they push the loans because they don't care if they go bad. For one thing, they may package these bad loans and sell them off to gullible institutional investors.
Nobody trusts anyone in authority today. It is one of the main features of our age. Wherever you look, there are lying politicians, crooked bankers, corrupt police officers, cheating journalists and double-dealing media barons, sinister children's entertainers, rotten and greedy energy companies, and out-of-control security services.
'Inequality' has become the political theme/slogan of our time in both Europe and the U.S., yet political leaders do not even bother to consider that their own policies, which put the entire burden on central bankers to print money and drive up stock, bond and other asset prices, are actually exacerbating income and wealth disparity.
This proletarianization of the lower salaried bourgeoisie is accompanied by an excess in the opposite direction: the irrationally high pay of top managers and bankers, a level of remuneration that is economically irrational since, as investigations in the US have demonstrated, it tends to be inversely proportional to the company's success.
I first would allow the guilty bankers to pay, you know, the ability to pay back anything over $100 million [of] personal wealth because I believe in a maximum wage of $100 million. And if they are unable to live on that amount of that amount then they should, you know, go to the reeducation camps and if that doesn't help, then being beheaded.
There's a split in the US about how this [split] will be resolved. The main point to look at is the split within the Republican Party. The Republican establishment, and Wall Street, and the bankers, and the corporate executives and so on, they don't want this. They don't want it at all. It's the part of the base that is mobilized that wants it.
A Jew cannot be a true patriot. He is something different, like a bad insect. He must be kept apart, out of a place where he can do mischief - even by pogroms, if necessary. The Jews are responsible for Bolshevism in Russia, and Germany too. I was far too indulgent with them during my reign, and I bitterly regret the favors I showed the prominent Jewish bankers.
The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.
The general culture of investment banking has deteriorated over the years. We did a $6 million deal years ago for Diversified Retailing and we were rigorously and intelligently screened. They bankers cared and wanted to protect their clients. The culture now is that anything that can be sold for a profit will be. 'Can you sell it?' is the moral test, and that's not an adequate test.
There was a time traditionally - say, GM in the 1950s - it was trying to develop a consumer base that would be loyal and lasting and they were thinking in terms of an institution that would remain and grow and thrive in the society. By now, a lot of the investment firms - bankers, hedge funds - are perfectly happy to destroy what they're in and come out with huge, tremendous benefits. That's a new stage of capitalism.
The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.
Making a programme that appears to condone a positive stereotype actually enforces all the negative ones as well. It says that they all have a valid point. To assert that Americans are naive, Germans humourless and the French arrogant is one thing: they're big enough to take it. But to say that there's a conspiracy of Jewish bankers, that gypsies are thieves, Pakistanis are dirty and refugees are muggers is something quite else.
I guess I am nostalgic for a time - the nineteenth century and early twentieth - when writers were, to use Stefan Collini's phrase, "public moralists" and politicians, plutocrats, bankers, arms dealers, and experts and technocrats were not solely defining the moral norms as well as the political lives of our societies. We do have some writers claiming to be public moralists, but, as I said, they have actually been more jingoistic than even the henchmen of Bush and Blair.
As the original 'Mary Poppins' budget of five million dollars continued to grow, I never saw a sad face around the entire Studio. And this made me nervous. I knew the picture would have to gross 10 million dollars for us to break even. But still there was no negative head-shaking. No prophets of doom. Even Roy was happy. He didn't even ask me to show the unfinished picture to a banker. The horrible thought struck me - suppose the staff had finally conceded that I knew what I was doing.
And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government. Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.
If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.
