The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs. — Joey Badass
The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed. — Nigel Farage
Alas, in 1929 came the Stock Market crash and everything changed and became worrisome. People started practicing conservatism because of financial losses, myself included. — Pola Negri
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through. — Timothy Geithner
If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash. — George Washington
We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions. — Gary Johnson
Unemployment is sky-rocketing; deflation is in our future for the first time since the Great Depression. I don't care whose fault it is, it's the truth. — John Mellencamp
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S. Truman
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S Truman
Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest. — Napoleon Bonaparte
On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died. — Gore Vidal
Cyprus was a breath away from economic collapse. It was a big battle in which we came out wounded, but upright and determined to make a fresh start. — Nicos Anastasiades
We are going to see the treasury market collapse. Then the stock market. I don't believe anything Powell or the Government says. Protect your assets now! — Douglas Macgregor
As a rule, panics do not destroy capital; they merely reveal the extent to which it has been destroyed by its betrayal into hopelessly unproductive works. — John Mills
If we have an economic crisis in the Western world it's because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people's freedom. — Marc Faber
Short Economic Collapse Quotes
There is no money. There is no alternative to austerity and shock measures. — Javier Milei
There's a danger our fiscal bankruptcy might overtake our moral bankruptcy. — Mort Sahl
All these troubles in the world economy are enough to make us feel like saying: Winter is Coming. — Joko Widodo
The euro Titanic has now hit the iceberg - and there simply aren't enough lifeboats to go round. — Nigel Farage
Printing money is the last resort of desperate governments when all other policies have failed. — George Osborne
Worry is in short supply, risky borrowers, questionable schemes, precarious financial system — Howard Marks
In the 1930s one was aware of two great evils - mass unemployment and the threat of war. — James Meade
Every month that we do not have an economic recovery package 500 million Americans lose their jobs. — Nancy Pelosi
We're all consumers. The consumer is not a moron; she is your wife.
Financial Collapse Quotes
Global bonds are collapsing in their fiat currencies, which are collapsing against the dollar, which is fast losing purchasing power. It will be months & years before the average fiat user realizes just how much they're getting ruined financially. The new normal is poverty. — Saifedean Ammous
The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse. — Charles P. Kindleberger
It took us years to get into the mess that we got ourselves in at the end of 2008, and it's going to take a while to get us out. We lost eight million jobs, we saw a financial system near collapse, we have a continuing housing crisis that we're making progress on dealing with. — Robert Gibbs
Price is what you pay. Value is what you get.
I'd be kidding if I said that I predicted the financial collapse. — Fareed Zakaria
Recently released government economic statistics covering 2010, the first year of real recovery from the financial collapse of 2008, found that fully 93 percent of additional income gains coming out of the recession went straight into the wallets and purses of the top 1 percent. — Eric Alterman
At a time when our country is waging two wars, approval ratings for Congress are at historic lows, unemployment is at a 70-year high and financial institutions have collapsed around us, I can't imagine anyone seriously opposing a National Day of Prayer. — Franklin Graham
Wealth breeds a class of people for whom human beings are disposable commodities. Once oligarchs achieve unchecked economic and political power, as they have in the United States, the citizens too become disposable.
Investing in auto companies and ensuring a financial collapse didn't lead not from a recession to a great depression may not have been the most popular thing to do, but it was the right thing to do. — Robert Gibbs
No one, no social group, can today avoid the commitment to contribute to the clean up of public finances in order to prevent the financial collapse of Italy. The sacrifices will not be in vain, especially if the economy begins to grow again. — Giorgio Napolitano
After the risky mortgage-lending practices fostered by government intervention led to massive defaults and foreclosures that caused financial institutions to collapse or be bailed out, Congressman Frank changed his tune completely. — Thomas Sowell
There are specific times where film noir is a natural concomitant of the mood. When there's insecurity, collapse of financial systems - that's where film noir always hits fertile ground. — Werner Herzog
Economic Crisis Quotes
I will not let anyone tell me we must spend more money. This crisis did not come about because we issued too little money but because we created economic growth with too much money and it was not sustainable growth. — Angela Merkel
The climate crisis is being used to create totalitarian controls on society by the World Economic Forum, Bill Gates, and all of these megabillionaires. — Robert F. Kennedy, Jr.
Now our Earth is swarmed with issues such as life, death, illness, wars, economic crises and many others. It is time that we sing out loud the message, 'Love forever.' — Yayoi Kusama
I could feel his muscles tissues collapse under my force. It's ludicrous these mortals even attempt to enter my realm.
The financial crisis should not become an excuse to raise taxes, which would only undermine the economic growth required to regain our strength. — George W. Bush
The exchange-rate trap, another legacy of this former president Alberto Fernández’s government, not only constitutes a social and productive nightmare, but also the surplus of money today is double what it was before the Rodrigazo economic crisis of 1975. — Javier Milei
What the people here have said is that given the enormous crises facing our country, it is just too late for the same old, same old establishment politics and establishment economics. — Bernie Sanders
Women's struggle for equality worldwide is about more than equality between men and women. Our struggle is about reversing the trends of social, economic, political, and ecological crisis - a global nervous breakdown! Our struggle is about creating sustainable lives and attainable dreams. — Bella Abzug
Marxists have more than once pointed out that the capitalist world economic system contains in itself the seeds of a general crisis and of warlike clashes. — Joseph Stalin
Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe. — Ellen Johnson Sirleaf
I am also well aware that literature only has a minimal influence on political disputes or economic crises in the world, but its significance to human beings is ancient. — Mo Yan
Economic Depression Quotes
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. — Herbert Hoover
There is a difference between broke and being poor. Being broke is a temporary economic condition, but being poor is a disabling frame of mind and a depressed condition of your spirit, and you must vow to never, ever be poor again. — John Hope Bryant
Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months. — Irving Fisher
Depressions and mass unemployment are not caused by the free market but by government interference in the economy. — Ludwig von Mises
The end of the decline of the Stock Market will probably not be long, only a few more days at most. — Irving Fisher
The U.S. dollar is in terminal decline. America is tragically bankrupt, unable to pay its lenders without printing the dollars to do so, and enmeshed in an economic depression. The clock is ticking until the dollar faces a crisis of confidence like every other bubble before it. — Peter Schiff
I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress. — Andrew Mellon
No one can possibly have lived through the Great Depression without being scarred by it. No amount of experience since the depression can convince someone who has lived through it that the world is safe economically. — Isaac Asimov
For the immediate future, at least, the outlook (stocks) is bright. — Irving Fisher
Economic depression can not be cured by legislative action or executive pronouncement. — Herbert Hoover
Economic Recession Quotes
Small to medium sized enterprises make up over 60% of employment in the UK. It wouldn’t be crazy to imagine half shutting down as they’re bankrupted by energy costs. People need to get serious of what a true economic collapse would look like. It ain’t like a simple recession. — Philip Pilkington
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. — Friedrich August von Hayek
Investing, like economics, is more art than science. And that means it can get a little messy. — Howard S. Marks
There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions. — Robert Reich
Democracy thus becomes a mass delusion of people attempting to override the rules of economics by voting themselves a free lunch and being manipulated into violent tantrums against scapegoats whenever the bill for the free lunch arrives via inflation and economic recessions. — Saifedean Ammous
Credit is like a drug. Initially, it feels great as it stimulates economic activity, but eventually, you become addicted and require more and more to achieve the same effect. — Russell Napier
Maintaining confidence in international trade will be critical to the broader economic recovery in the post-Covid world. — Liz Truss
Credit is the oil in the engine of economic growth, but too much oil can cause the engine to seize. — Russell Napier
Handling covid, we made a lot of big mistakes, and it led to tens of trillions of dollars of economic damage and millions of lives lost. Much of that was preventable. — Sam Bankman-Fried
I believe that the economics which deal with forecasting business trends may be considered to be about as far along as was the science of chemistry during the days of alchemy in the Middle Ages. — Philip Arthur Fisher
Financial Crisis Quotes
Banks died in 2008. They just haven’t been buried yet. — Max Keiser
The public understands that the government is broke, but many still don't want to cut programs they enjoy or depend on. — Tucker Carlson
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response. — Lawrence Summers
Starting in the wake of the 2008 GFC global financial crisis, market observers have warned of a crash in the bond market. initially, it was believed that the trillions printed to bail out the banks would cause inflation and, therefore, a flight from bonds. — Max Keiser
The financial crisis and the Great Recession posed the most significant macroeconomic challenges for the United States in a half-century, leaving behind high unemployment and below-target inflation and calling for highly accommodative monetary policies. — Jerome Powell
The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. — Jerome Powell
The financial crisis revealed important weaknesses in many areas of our financial system. — Jerome Powell
Being on a movie set is like one long financial crisis. — John Cusack
After the last financial crisis, the banks more than doubled their capital and liquidity and they’re far more aware and better at managing the risks they’re taking. — Jerome Powell
No one should have to choose between medicine and other necessities. No one should have to use the emergency room every time a child gets sick. And no one should have to live in constant fear that a medical problem will become a financial crisis. — Brad Henry
Stock Market Crash Quotes
I was lucky enough to see with my own eyes the recent stock-market crash, where they lost several million dollars, a rabble of dead money that went sliding off into the sea. — Federico Garcia Lorca
Once the smoke of the market crash clears off, you know, the Internet will pick back up and go. Take a look at what's happening to some of the big companies like eBay and Yahoo, the publicly traded stocks. You know, they're all coming back up off the mat now. — Michael Nesmith
My father was a very successful businessman, but he was ruined in the stock market crash. A big stockbroker jumped out the window and fell on his pushcart. — Jackie Mason
After 1929, so many people had been traumatized by the stock market crash that there was a lost generation. — Ron Chernow
Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known. — George Will
When the stock market crashed, Franklin Roosevelt got on the television and didn't just talk about the princes of greed. He said, 'Look, here's what happened.' — Joe Biden
The only thing that looks good is the stock market, but if you raise interest rates even a little bit, that's going to come crashing down. — Donald Trump
The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers. — Ben Bernanke
When my book 'Rich Dad's Prophecy' was released in 2002, most financial newspapers and magazines trashed it because I discussed a looming stock market crash. — Robert Kiyosaki
An interesting thing happened in 1989, right as I was graduating: the stock market crashed and really changed the landscape of the art world in New York. It made the kind of work I was doing interesting to galleries that wouldn't have normally been interested in it. — Matthew Barney
Economic Downturn Quotes
High gas prices are eating away at consumers disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major Owens
Most analysts would agree that if all the undocumented immigrants in California were deported in one day, our state would experience a severe economic downturn. This does not even consider the many cultural and spiritual gifts these immigrants bring to our state and nation. — Roger Mahony
The economic downturn is our wake-up call to slow down, consume less, help each other, & live more! — Phil Harding
Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn — Dmitry Medvedev
One thing I learned in '97, when I thought the right time to found a company was during a swing-up, is that it's much better to start during an economic downturn. Partnerships are easier; hiring is easier; and the competition starts later. — Reid Hoffman
Curiosity has ... proven to be a great ingredient in resilience, a trait particularly valuable in an extended economic downturn. Resilient people aren't made of steel; they just provide themselves with more options, and those options come from a curious mind. — Chip Conley
You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed. — Ronald Reagan
Raising taxes in an economic downturn is not a good idea. — Martha McSally
High gas prices are eating away at consumer's disposal income and could lead to a further economic downturn, especially for those whose livelihood depend on gasoline and diesel fuel. — Major R. Owens
Our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction of humanity's use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it's not the laws of nature — Naomi Klein
The collapse of U.S. influence over Saudi Arabia and the Kingdom’s new alliances with China and Iran are painful emblems of the abject failure of the Neocon strategy of maintaining U.S. global hegemony with aggressive projections of military power. China has displaced the American Empire by deftly projecting, instead, economic power. Over the past decade, our country has spent trillions bombing roads, ports, bridges, and airports. China spent the equivalent building the same across the developing world. The Ukraine war is the final collapse of the Neocon's short-lived “American Century.” The Neocon projects in Iraq and Ukraine have cost $8.1 trillion, hollowed out our middle class, made a laughingstock of U.S. military power and moral authority, pushed China and Russia into an invincible alliance, destroyed the dollar as the global currency, cost millions of lives and done nothing to advance democracy or win friendships or influence. — Robert F. Kennedy, Jr.
I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules. — Max Keiser
The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers. — Ben Bernanke
We live in a time of turmoil. Earthquakes and tsunamis wreak devastation, governments collapse, economic stresses are severe, the family is under attack,
and divorce rates are rising. We have great cause for concern. But we do not need to let our fears displace our faith. We can combat those fears by strengthening our faith. — Russell M. Nelson
I think there's going to be a tug of war in this country over who are the real patriots because at a time of national crisis, economic collapse and calamity, ecological peril and social dislocation, the American people deserve to be a partner to the American government. — Van Jones
At the crash of economic collapse of which the rumblings can already be heard, the sleeping soldiers of the proletariat will awake as at the fanfare of the Last Judgment and the corpses of the victims of the struggle will arise and demand an accounting from those who are loaded down with curses. — Karl Liebknecht
As a result of the World War, this old Germany collapsed. It collapsed in its constitution, in its social order, in its economic structure. Its thinking and feeling changed. — Gustav Stresemann
Why is no one talking about all the potential savings from a complete economic collapse? — Eugene Mirman
And here we encounter the seeds of government disaster and collapse - the kind that wrecked ancient Rome and every other civilization that allowed a sociopolitical monster called the welfare state to exist. — Barry Goldwater
The plague did not lead to Europe’s economic collapse. Rather, Europe’s currency-driven economic collapse led to the plague. — Douglas Rushkoff
A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily. — Ben Bernanke
I expect to see trade wars, foreign policy disasters, a few race riots, a decrease in personal liberty, higher taxes, higher inflation and probably, economic collapse. The silver lining is, secession will probably become more feasible. — Charley Reese
The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath. — Barry Eichengreen
We have always known that heedless self-interest was bad morals; we know now that it is bad economics. Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays. — Franklin D. Roosevelt
History is replete with examples of empires mounting impressive military campaigns on the cusp of their impending economic collapse. — Eric Alterman
The possible signs of a coming collapse are the same as the greatest strengths of Western civilization: democracy, capitalism, the generally peaceful linking of world economic systems, our amazing success in harnessing the powers of nature to the betterment of the human condition in health, subsistence, longevity. These are the hallmarks of our society - its most successful elements. — Arthur Demarest
I tell you, my fellow Americans, that if we learned anything from the collapse of the Berlin Wall and the fall of the governments in Eastern Europe, even a totally controlled society cannot resist the winds of change that economics and technology and information flow have imposed in this world of ours. That is not an option. Our only realistic option is to embrace these changes and create the jobs of tomorrow. — William J. Clinton
Today we have the economic collapse that the whole planet is suffering, but there is hope, and that's what's going to keep us moving ahead. — George Takei
The impact of QE on generating more lending by Wall Street to Main Street and in generating more employment and increasing overall investment in the economy is quite modest. QE probably limited the initial collapse of the economy in 2008, and likely had a very small positive impact on economic growth, but its broader impact on jobs and growth in the economy seems not very big. — Gerald Epstein
What caused the economic collapse 2008? It was the subprime mortgage crisis. — Rush Limbaugh
The collapse of the Soviet bloc ended the massive subsidies that had kept the Cuban economy afloat. The once-vaunted education and health care systems fell into disrepair. Fidel Castro's stubbornness, meanwhile, made political and economic change difficult in Cuba. — Tom Gjelten
Without the heart to ground it and open it to who we really can be as human beings, the brain is a very dangerous machine. A machine that is saying: we've got to have economic growth; we've got to have unending economic growth, otherwise societies will collapse. And yet there should be something saying: wait a minute, this isn't going to work. — Jane Goodall
After the demise of the Soviet Union, we had many problems of our own for which no one was responsible but ourselves: the economic downfall, the collapse of the welfare system, the separatism, and of course the terror attacks that shook our country. In this respect, we do not have to look for guilty parties abroad. — Vladimir Putin
People will continue to make movies. But I do think the economic model of the studio movie is closing in on a kind of systemic collapse. — Matthew Specktor
The idea wasn't to make a direct political statement since the current economic collapse hadn't begun when we started on the book. The parallels I'm most interested in are the ways that human nature never changes, no matter how far back in time you look. — James Vance
But how can you understand a war without any knowledge of the society where it happens? It's like trying to understand birth without knowing anything about pregnancy or conception. Or like trying to understand our current economic collapse without knowing what a derivative is. — Annia Ciezadlo
The IMF economists were doubtless shaken by the extreme failures of their prescriptions over many years, and by the collapse of the intellectual edifice of economic theory on which they were relying. — Noam Chomsky
Capitalism, the ogre of those protesting Wall Street, has suffered a public relations crisis in the wake of the global economic collapse. But any remedy to the systemic corruption that led to the collapse should not displace recognition that capitalism creates wealth. Capitalism, and no other economic system, has raised millions from poverty around the world. — Kathleen Parker
The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product. — Naomi Wolf
The countries that have risen and separated out as a result of the collapse of the Soviet Union are, on the whole, following freer economic policies. Most of these states have freer government and less restrictions on trade. — Milton Friedman
Economic markets are collapsing. People all over the world are suffering and people afraid. What happens when peep are afraid? They become intolerant. — Madonna Ciccone
If the present economic structure can change only by collapsing, then it had better collapse as soon as possible. — Germaine Greer
The United States has collapsed economically, socially, politically, legally, constitutionally, and environmentally. — Paul Craig Roberts
If the positive innovations connect exponentially before the massive breakdowns reinforce one another, the system can re-pattern itself to a higher order of consciousness and freedom without the predicted economic, environmental, and social collapse...If the system could go either way, a slight intervention to assist the convergence of the positive can tip the scales of evolution in favor of the enhancement of life on Earth. — Barbara Marx Hubbard
The future will be less predictable, forecast rises will shrink, company lifetimes will shrink, new entrants will proliferate and it’s going to just get more unpredictable. If you thought financial crises came and went, just count on them – another economic collapse, it’s almost going to be like not news any more. But for startups this is great, because it’s a perpetual driver of disruption. — Steve Jurvetson
The economic position is only flourishing on the surface. Germany is in fact dancing on a volcano. If the short-term credits are called in, a large section of our economy would collapse. — Gustav Stresemann
But can we please stop insisting that if low-wage workers earn a little bit more, unemployment will skyrocket and the economy will collapse? There is no evidence for it. The most insidious thing about trickle-down economics is not the claim that if the rich get richer, everyone is better off. It is the claim made by those who oppose any increase in the minimum wage that if the poor get richer, that will be bad for the economy. This is nonsense. — Nick Hanauer
The progressive Left can be in favor of Big Government or population control but not both. The mutual incompatibility is about to plunge Europe into societal collapse. There is no precedent in human history for economic growth on declining human capital - and that's before anyone invented unsustainable welfare systems. — Mark Steyn
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. — Ludwig von Mises
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