Eventually, the law was changed and our bank immediately began looking for possible purchases.
Instead, all of its inflation will burn through our bank accounts right here at home.
We envision a life of bliss if our bank accounts were thick and our thighs were not.
Growing corn and turning it into a transportation fuel wreaks havoc on our aquifers, our soil and our bank accounts.
And the reason for that is we want to make sure that our bank regulators are free of political influence.
To work on things that really matter, not just to our bank accounts, but to other human beings and to our planet.
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Today it is second nature to view our bank balances or transfer funds on our smartphone while standing in line for a latte.
FORBES: Why The Financial Technology Revolution Is Only Just Getting Started
This morning we were notified by our bank that our CURRENT accounts have been also frozen and will be subject to a haircut.
The only reason the bank became alerted was that our bank officer was on a two-week vacation, so someone else took the call.
Each relevant and perfected detail was another penny in our bank.
We sold all our bank holdings when the Asian crisis started looking serious, but I'm looking to buy them back after a few more shoes drop.
But then, this stance would be hypocritical because we were in the same situation during our bank freeze in Brazil and I know the indignation people are feeling.
BBC: NEWS | Talking Point | Argentina: Should people be given free access to their bank accounts?
Intelligent policies out of Washington that force vendors to connect and interoperate (just like our bank ATMs and phones do) and hospitals and physician buyers demanding the same will fuel this revolution.
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When all is said and done, we will be remembered not by our bank accounts or stock portfolios, but by the time we spent listening to a friend or helping a family member.
We do not respond well to gratuitous bank bashing either, because, frankly, we would like our bank to be less afraid of onerous regulation, so it might grant us a reasonably priced loan.
What Samsung, Sony and the rest of this industry need, however, is for this first iteration to be a triumphant success -- there's already plenty of buzz, sure, but if this is the future we want, our bank accounts need to do the talking.
There is a mad race today to equip our credit cards and our cell phones to act as credit devices, allowing us to merely wave our credit or debit card or smart phone at a vending machine to have it deduct the price of the object from our bank account or add it to our credit card account.
If we prefer to have our central bank do our defaulting on our behalf, then eventually inflation risk premiums will reveal themselves throughout the yield curve.
FORBES: Why Interest Rates Tell Lies About Inflation, Growth And Just About Everything Else
This situation is reminiscent of our bailouts of banks like Citigroup ( NYSE:C), Goldman Sachs ( NYSE:GS), AIG ( NYSE:AIG) and many others under duress from our central bank asserting that the United States had to cough up billions of taxpayer dollars or our economy would collapse.
Nor will our central bank seek once again to dramatically increase the size of its balance sheet.
And our central bank doesn't expect to make a big difference to that, either.
The 1907 crisis led to the creation of our central bank, the Federal Reserve.
Of course our central bank could make the opposite mistake, easing too much in a panic.
Our central bank still hasn't grasped that the greenback is the unofficial transaction currency of numerous nations.
Our food bank in Cape Town just relocated right next to the fresh fruit and vegetable market.
But you do come away feeling a bit better-informed about the thinking of our central bank and its governor.
When credit is short because capital accumulation is not occuring, our central bank creates credit out of thin air.
FORBES: Why Interest Rates Tell Lies About Inflation, Growth And Just About Everything Else
But that provision in Humphrey-Hawkins has needlessly confused the Fed and the rest of us over our central bank's proper role.
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