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Did you ever figure to be living in a time when your check is good, but the bank bounces?
-Robert Orben
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Did You Ever Figure To Be Living

Robert Orben
Did you ever figure to be living in a time when your check is good, but the bank bounces?
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Checks Figures Bounce

More From Robert Orben

We all know of course, that we should never ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever ever fiddle around in any way with electrical equipment. never.
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The lesson for asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. but a pegged exchange rate with a central bank is a recipe for trouble.
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Then came the second amsterdam discovery, although the principle was known elsewhere. bank deposits...did not need to be left idly in the bank. they could be lent. the bank then got interest. the borrower then had a deposit that he could spend. but the original deposit still stood to the credit of the original depositor. that too could be spent. money, spendable money, had been created. let no one rub his or her eyes. it's still being done-every day. the creation of money by a bank is as simple as this, so simple, i've often said, that the mind is slightly repelled.
Eye Simple Discovery
Imagine you had a bank that each morning credited your account with $1,440 - with one condition: whatever part of the $1,440 you failed to use during the day would be erased from your account, and no balance would be carried over. what would you do? you'd draw out every cent every day and use it to your best advantage. well, you do have such a bank, and its name is time. every morning, this bank credits you with 1,440 minutes. and it writes off as forever lost whatever portion you have failed to invest to good purpose.
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As a matter of fact 25% of our u.s. investment banking business comes out of our commercial bank. so it's a competitive advantage for both the investment bank - which gets a huge volume of business - and the commercial bank because the commercial bank can walk into a company and say, "oh, if you need x, y and z in japan or china, we can do that for you."
Commercial Banks Japan Needs
How this feels is i'm just another task in god's daily planner: the renaissance pencilled in for right after the dark ages. the information age is scheduled immediately after the industrial revolution. then the post-modern era, then the four horsemen of the apocalypse. famine. check. pestilence. check. war. check. death. check. and between the big events, the earthquakes and tidal waves, god's got me squeezed in for a cameo appearance. then maybe in thirty years, or maybe next year, god's daily planner has me finished.
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If men want to oppose war, it is statism that they must oppose. so long as they hold the tribal notion that the individual is sacrificial fodder for the collective, that some men have the right to rule others by force, and that some (any) alleged “good” can justify it-there can be no peace within a nation and no peace among nations.
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