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T Quotes

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All T Quotes

“The Bangkok Comfort Zone - that strip running between Patpong, Soi Cowboy and Nana - was a huge bank of ice, thick as a glacier. Only you had to be around years and years to see and feel the deep chill, and by the time you had it was too late, the glacier had already dragged you under. Then you could never escape the gravity of the place that pulled them back from all over the world. Comfort Zone ice like a narcotic made you feel invincible. Zone veterans lived inside a solid block of ice. Zone workers, who were teenagers in chronological years, were soon aged inside the ice. The night ice crystals formed a thick fog over the Zone veterans and workers, creating an ice bridge; these ice people knew they could no longer live outside the Comfort Zone. They looked as normal as anyone else on the street because no one can see the ice, it's carried inside, around the heart. Calvino had gone through the event horizon of the Comfort Zone, and lived in the Zone's ice age for so long that it had become a habit. Addiction, baby. He had become Zone dead like the others”

“The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.”

“The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.”

“The bankers and financiers are badly overplaying their hands, again, and people are starting to catch on to the scam. Real wealth is tangible things produced with tangible effort. Loans made out of thin-air 'money' require no effort and are entirely ephemeral. But if those loans are used to acquire real ownership of real assets, then something has been exchanged for nothing and one party is getting screwed.”

“The bankers might not have said it in so many words, but gradually their strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads.”

“The Bankruptcy Reform Act of 2005 made it harder for individuals to file bankruptcy, which is always the last resort. Unfortunately, simultaneously consumers racked up so much debt that counseling companies - which are higher up on my list if you need help managing your debt - are sometimes unable to help. So if you fall into this camp, debt settlement may be something to consider.”

“The banks on either side had grown steadily steeper, and now, at their tops, they could see slim, pointed shapes looming against the sky. Roland thought of arrowheads--huge ones, weapons made by a tribe of giants. To his companions, they looked like rockets or guided missiles. Susannah thought of Redstones fired from Cape Canaveral; Eddie thought about SAMs, some built to be fired from the backs of flatbed trucks, stored all over Europe; Jake thought of ICBMs hiding in reinforced concrete silos under the plains of Kansas and the unpopulated mountains of Nevada, programmed to hit back at China or the USSR in the event of nuclear armageddon. All of them felt as if they had passed into a dark and woeful zone of shadow, or into a countryside laboring under some old but still powerful curse.”

“The banks themselves were doing business on capitals three-fourths of which were fictitious. This fictitious capital... is now to be lost, and to fall on somebody; it must take on those who have property to meet it, and probably on the less cautious part, who, not aware of the impending catastrophe, have suffered themselves to contract, or to be in debt, and must now sacrifice their property of a value many times the amount of the debt. We have been truly sowing the wind, and are now reaping the whirlwind.”

“The banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again.”