A Quote by Henry Paulson
Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
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Unlike Bitcoin or email, our financial institutions and payment systems today are proprietary. This limits the ability for consumers to easily switch between payment providers and creates less competition for services.
For the first time, companies can be their own payment processors without the cumbersome or costly aspects of traditional financial settlement options. Tokens offer a much lower barrier for processing end-to-end transactions inside a given market.
Banks provide payment systems, core deposit and lending facilities that enable us to manage our day to day affairs.
We are losing our living systems, social systems, cultural systems, governing systems, stability, and our constitutional health, and we're surrendering it all at the same time.
Organize around business functions, not people. Build systems within each business function. Let systems run the business and people run the systems. People come and go but the systems remain constant.
We have managed to acquire $13 trillion of debt on our balance sheet. In my view we have nothing to show for it. We haven't invested in our roads, our bridges, our waste-water systems, our sewer systems. We haven't even maintained the assets that our parents and grandparents built for us.
With the subsequent strong support from cybernetics , the concepts of systems thinking and systems theory became integral parts of the established scientific language, and led to numerous new methodologies and applications -- systems engineering, systems analysis, systems dynamics, and so on.
You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a higher credit card payment. To our economy, it means business people will not borrow as much money, invest as much money, create as many new jobs, create as much wealth, raise as many raises.
It looks now as if everything has been profitable to me. And if the payment has sometimes been excessive, it was afer all the payment, for life, and there cannot be and is no excessive payment for life.
If you're someone in the business of verifying transactions on a proprietary network, the invention of Bitcoin cannot be safely ignored. It will change or disrupt the providers of most proprietary payment networks in the coming years.
Our culture has valued closed systems and tries to generate them in all walks of life. Women are better at and more comfortable with open systems, which occur naturally in nature.
An investor in Duke Energy is expecting a dividend payment. That's roughly 70 to 75 percent of the earnings I produce. The business that goes with that level of dividend is a business that has more predictability, more stability.
When life was worrying about a car payment or a rent payment and a bill, you're so consumed with that, you really don't have time to know yourself. That's surviving and getting by.
When the United States cannibalize dollars from the defensive business of the NSA, securing our communications, protecting our systems, patching zero-day vulnerabilities, and instead we're giving those dollars to be used for creating new vulnerabilities in our systems so that they can surveil us and other people abroad who use the same systems.
A distributed ledger is basically a shared database that allows institutions to directly send and receive money in a trustworthy fashion without a middleman. As a result, we have the capacity to connect the world's payment systems for the first time.That's a big deal.
My father never missed a drink in his life. Or a joint. Or a party. Or a chance to get laid. He also never missed a day of work, or a house payment, or a car payment. I never went hungry, although he did a couple of times so I wouldn't.
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