Posts Tagged ‘funds’

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Sam Bankman-Fried: Hidden Funds

Posted by admin on Wednesday, December 14, 2022

Meaning of Sam Bankman-Fried Money Quote: saying there is no hidden money or accounts after the FTX bankruptcy, all invested in in business. Sam Bankman-Fried said:
 
bank account. Everything that I had, even all the loans I had, I was reinvesting in the businesses — I put everything I had into FTX Quote
 

“No, I don’t have any hidden funds. Everything I have, I’m disclosing. I’m down to one working credit card left [and] I think $100,000 or something like that, in a bank account. Everything that I had, even all the loans I had, I was reinvesting in the businesses — I put everything I had into FTX” — Sam Bankman-Fried

 

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John Adams: Abhor Banking System

Posted by admin on Wednesday, October 27, 2021

John Adams Money Quote saying banking is abhorrent when it’s about profit for bankers rather than the public good. John Adams said:
 
Funds and Banks. Funding System was contrived to enrich particular Individuals at the public Expence. Our whole banking System I ever abhorred Quote
 

“Funds and Banks. I never approved or was Satisfied with our Funding System. It was founded on no consistent Principle. It was contrived to enrich particular Individuals at the public Expence. Our whole banking System I ever abhored, I continue to abhor, and shall die abhorring” — John Adams

 

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Jerome Powell: Regulate Crypto

Posted by admin on Friday, October 1, 2021

Jerome Powell Money Quote saying cryptocurrency is similar to money market funds and should be regulated the same. Jerome Powell said:
 
Stablecoins are like money market funds, they’re like bank deposits. But they’re to some extent outside the regulatory perimeter, and it’s appropriate that they be regulated Quote
 

“Stablecoins are like money market funds, they’re like bank deposits. But they’re to some extent outside the regulatory perimeter, and it’s appropriate that they be regulated” — Jerome Powell

 

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Marc Faber: Printed Money Flow

Posted by admin on Sunday, July 25, 2021

Marc Faber Money Quote saying printing money is more complicated than injecting cash into the economy for workers – it remains in the finance industry. Marc Faber said:
 
When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry Quote
 

“When you print money, the money does not flow evenly into the economic system. It stays essentially in the financial service industry and among people that have access to these funds, mostly well-to-do people. It does not go to the worker” — Marc Faber

 

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Michael Bloomberg: Money in Hand

Posted by admin on Sunday, June 27, 2021

Michael Bloomberg Money Quote saying If people have money, they’ll put that money into the economy to save, invest and banks will loan it out. Michael Bloomberg said:
 
 I think the more money you put in people's hands, the more they will spend. And if they don't spend it, they invest it Quote
 

“And I think the more money you put in people’s hands, the more they will spend. And if they don’t spend it, they invest it. And investing it is another way of creating jobs. It puts money into mutual funds or other kinds of banks that can go out and make loans, and we need to do that” — Michael Bloomberg

 

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Thomas Sowell: Compassion Buy

Posted by admin on Friday, September 25, 2020

Thomas Sowell Money Quote saying compassionate politicians find a way to buy votes with public money. Thomas Sowell said:
 
Compassion is the use of public funds to buy votes Quote
 

“Compassion is the use of public funds to buy votes” — Thomas Sowell

 

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Pelosi & Schumer: Coronavirus Cost

Posted by admin on Friday, May 1, 2020

Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer Money Quote saying that they are concerned about the White House failing to get aid to those who need it most to resolve coronoavirus economic costs. Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said:
 
Any emergency funding supplemental the Congress approves must be entirely new funding — not stolen from other accounts Quote
 

“Any emergency funding supplemental the Congress approves must be entirely new funding — not stolen from other accounts — and include, at a minimum, strong provisions that ensure that:

  1. The president cannot transfer these new funds to anything other than the coronavirus and fighting infectious diseases;
  2. Vaccines are affordable and available to all that need it;
  3. Interest-free loans are made available for small businesses impacted by the outbreak;
  4. and The state and local governments are reimbursed for costs incurred while assisting the federal response to the coronavirus outbreak”

— Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer

 

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To get a face mask click the image below:
No American is going to say how much a life is worth

 

Bill Nye: Bitcoin Commerce

Posted by admin on Wednesday, November 27, 2019

Bill Nye Money Quote saying electronic payments are inevitable for most forms of commerce, it might be bitcoin or not. Bill Nye said:
 
If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future Quote
 

“If it’s not bitcoin, it’ll be something. The future of commerce is going to be all electronic. The gold standard was a fine idea, but electronic changes of funds and credits will be the future” — Bill Nye

 

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Bill Nye is discussing the future of commerce and payments. He is saying that while bitcoin may not end up being the dominant form of electronic currency, some form of electronic or digital payment will likely take over most commerce transactions in the future.

He notes that the gold standard worked in the past but that going forward, commerce will shift to using electronic transfers of funds and credits between parties rather than physical currencies or assets like gold. So in summary, Nye believes the future of how we pay for goods and services will be through digital and electronic means, whether that ends up being bitcoin or some other cryptocurrency or payment technology.

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