There's a danger our fiscal bankruptcy might overtake our moral bankruptcy. — Mort Sahl
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
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
Terrorism, War & Bankruptcy are caused by the privatization of money, issued as a debt and compounded by interest. — Napoleon Bonaparte
The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America. — Robert Mueller
The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations. — Thomas Jefferson
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
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
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
The financial crisis involved significant failures in the functioning, regulation, and supervision of OTC derivatives markets. — Jerome Powell
Worry is in short supply, risky borrowers, questionable schemes, precarious financial system — Howard Marks
Corruption could lead to the collapse of the Party [Communist Party of China] and the downfall of the state [People's Republic of China]. — Xi Jinping
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
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
Economic Collapse 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
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
My poor dad said, 'You need to know a lot about one speciality.' My rich dad said, 'You need to learn a little about a lot of things.'
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
I could feel his muscles tissues collapse under my force. It's ludicrous these mortals even attempt to enter my realm.
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
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
As long as the problems of the poor are not radically resolved by rejecting the absolute autonomy of markets and financial speculation and by attacking the structural causes of inequality, no solution will be found for the world's problems or, for that matter, to any problems.
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
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
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
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
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
The economic crisis really affected my family - 2006 to 2011 were really bad times. Almost everybody in my family lost their jobs. — Joey Badass
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
Stock Market Crash Quotes
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
I think the stock market is a very dangerous place to be at the present time. In fact, the stock market today is almost identical to where it was in October 2007 and then there was a $7 trillion crash and before that in March 2000. — David Stockman
Banking Crisis Quotes
I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. — Abraham Lincoln
When banks stop working, the world turns to Bitcoin. — Michael Saylor
There are downsides to implicitly trusting banks, as the 2008 financial crisis showed. — Balaji Srinivasan
And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place. — Dick Durbin
The banks lobbied Washington so they could write the rules that got us into this crisis. They then lobbied Washington to get the money to bail them out. And then they are lobbying Washington to write the rules so they can get us into the next crisis. It's perfect circularity. — Elizabeth Warren
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007. — James Surowiecki
Suckers think that you cure greed with money, addiction with substances, expert problems with experts, banking with bankers, economics with economists, and debt crises with debt spending — Nassim Nicholas Taleb
Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide incentives that are not, in the long run, in the interests of the banks themselves, and I would like to think that would change. — Mervyn King
The World Bank is now the biggest culprit in the debt crisis. — Susan George
If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. — Carmen Reinhart
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
It's a recession when your neighbor loses his job; it's a depression when you lose yours. — Harry S. Truman
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
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
I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit. — Bill O'Reilly
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
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
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
The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision. — Ron Suskind
The financial collapse of 2008 got its start with predatory mortgages, that weren’t sold by community banks and credit unions, they were sold by fly by night mortgage brokers who had almost zero federal oversight and then the big banks looked over, saw the profit potential and they wanted it bad. So they jumped in and sold millions of these terrible mortgages while the bank regulators just looked the other way. — Elizabeth Warren
I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy. The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit. — Richard Posner
No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages. — Thomas Sowell
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
Look at any financial institution, at any bank. They're all photocopies of each other. There's no diversity of institutions and even less diversity of currency. Therefore, just as you say its very logical that an ecosystem like this will collapse, it's very predictable a monetary system like this will collapse, too. And it hasn't finished collapsing, by the way. — Bernard Lietaer
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
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
So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe. — Martin Walker
Cause and effect, the riddle of all history, is a particular devil in financial history; and never more so than today, where entire classes of security are collapsing not on public exchanges and stock-tickers but because there are no markets to establish prices this side of nothing. — James Buchan
In order to benefit; however, you must believe that life is plotting for you. We often resist this emerging impulse or this urge to emerge because we are afraid of change, right? To the ego, change is equivalent to danger or death. But when we deny this evolutionary call, it causes an inner pressure that must find an outlet, sometimes in destructive ways. And this can break out as disease, financial collapse, or relationship meltdown. — Derek Rydall
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability. — Alan Greenspan
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