Best crisis & debt Quotes | Short & Famous Sayings

“Washington's answer to a self-inflicted financial crisis reminded Americans why they so deeply distrust the political class. The 'fiscal cliff' process was secretive and sloppy, and the nation's so-called leadership lacked the political courage to address our root problems: joblessness and debt.”

“The environmental crisis is somber evidence of an insidious fraud hidden in the vaunted productivity and wealth of modern, technology-based society. This wealth has been gained by rapid short-term exploitation of the environmental system, but it has blindly accumulated a debt to nature-a debt so large and so pervasive that in the next generation it may, if unpaid, wipe out most of the wealth it has gained us.”

“The unthinkable is that we're distorting this atmospheric balance. We're shifting the chemical balance so that we have more poisons in the atmosphere - ozones and acid rain on ground level - while we're also changing the thermal climate of the earth through the greenhouse effect and - get this - simultaneously causing destruction of our primary filter of ultraviolet light. It's incredible. Talk about the national-debt crisis - we're piling up debts in the atmosphere, and the piper will want to be paid.”

“Our anti-crisis policy is aimed at supporting domestic demand, providing social guarantees for the population, and creating new jobs. Like many countries, we have reduced production taxes, leaving money in the economy. We have optimised state spending.”

“We must seek support in the moral values that have ensured the progress of our civilization. Honesty and hard work, responsibility and faith in our strength are bound to bring us success. There should be no place for despondency. The crisis can and must be fought by uniting our intellectual, spiritual and material resources.”

“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”

Thinking Problem Economics Crisis Addiction Greed Debt Spending Cures Substance Experts Economist Banking Bankers Sucker Debt Crisis

Book:The Bed of Procrustes: Philosophical and Practical Aphorisms

Source: The Bed of Procrustes: Philosophical and Practical Aphorisms

“I do think that all economies need a sense of fiscal discipline especially over the midterm and if you are in the middle of a debt crisis you can't borrow your way out of a debt crisis. That's logically impossible.”

Ifs Thinking Way Needs Economy Impossible Middle Discipline Crisis Debt Midterms Debt Crisis

Author:Stephen Harper

“Debt, weve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.”

Light Fire Too Much Politician Picks Crisis Credit Debt Consumers Agency Ingredients Villain Bankers Rating Your Favorite Regulators Overzealous

Author:Andrew Ross Sorkin

“The World Bank is now the biggest culprit in the debt crisis.”

World Crisis Debt Culprit World Bank Debt Crisis

Author:Susan George

“None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.”

Has Beens Problem America Europe Crisis Debt More Money Printing Delayed Europe And America

Author:Bill Bonner

“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.”

Ifs Seems Government Common Greater Risk Crisis Debt Consumers Range Corporations Theme Accumulation

Author:Carmen Reinhart

“Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits.”

Needs Giving Different Seems Government Term Cases Keys Periods Crisis Debt Disappear Factors Corporations Collapse Rolling Bangs Short Term Syndromes Indebted Lenders Rolling Along

Author:Carmen Reinhart

“All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.”

Mean Fashion Involved Relation Crisis Debt Scales Payment

Book:A Short History of Financial Euphoria

Source: A Short History of Financial Euphoria

“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.”

Quality Economy Five Percent Crisis Rate Credit Debt Favors Cards Saving Zero Terrified Economist Savings Irresponsible Mortgage Credit Card Craftsmanship Mortgage Crisis

Author:Denis Hayes

“The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.”

People Ifs Way Ends Enough Problem House Economy Balance Solutions Okay Crisis Debt Reserves Sheets Lending Federal Reserve Balance Sheets Homeowners

Author:Michael Hudson

“On the one hand, I loved being a banker. I loved how numbers could tell a story and how you can invest in ideas and see them translate into products and services and create jobs. What I didn't like, particularly where I was working in Brazil during the debt crisis of the early '80s, was how the poor were excluded from the banking system. I made the decision to try and experiment with whether we could use the tools of banking to extend the benefits of the economy to the poor.”

“We must also take this opportunity to learn from the situation [of Brexit], just as we learned from the refugee and debt crises.”

Opportunity Situation Crisis Debt Refugee Opportunities To Learn Debt Crisis

Author:Jean-Claude Juncker

“I'm a medical doctor by training. I'm a physician, not a politician. And I'm in this as a mother on fire. You could say, very concerned about our younger generation that does not have the jobs they need to get themselves out of the debt that they're in. And have the full weight of the climate crisis exploding on them - on their watch.”

Needs Doe Jobs Mother Watches Fire Generations Politician Training Concerned Doctors Weight Crisis Climate Debt Medical Physicians Younger Generation Exploding Medical Doctor

Author:Jill Stein

“There are things that make me excited about what I'm doing: Trouble the Water [the 2008 documentary Glover executive produced] on New Orleans, or something like Soundtrack for a Revolution, about the power of the music of the civil rights movement [which he executive produced in 2009]. Or Bamako, about the African debt crisis, a platform to discuss the experience of people who actually live it. All of these are important ways we can use film as a forum inviting people into a dialogue.”

“Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe.”

Ifs Wells Happens Values Pay Effects Europe Crisis Western Debt Greek Banking Greece Banking System Western Europe Banking Crisis

Author:John Major

“At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.”

Country Answers Steps Crisis Unions Debt Dramatic Stability Euro Wrong Answers

Author:Angela Merkel

“Britain is a textbook case of how growing inequality leads to economic crisis. The years before the crash were marked by a sharp rise in remortgaging and the growth of 0% balance transfer credit cards. By 2008 the UK had the highest ratio of household debt to GDP of any major economy.”

“Our debt is out of control. What was a fiscal challenge is now a fiscal crisis. We cannot deny it; instead we must, as Americans, confront it responsibly. And that is exactly what Republicans pledge to do.”

Challenges Republican Crisis Deny Debt Pledge

Author:Paul Ryan

“Look, the president is elected to lead and to face the country's biggest challenges. The country's biggest challenge domestically speaking, no doubt about it, is a debt crisis, and I'm really hoping that he is going to give us a budget that tackles this debt crisis.”

Giving Looks Country Faces President Challenges Doubt Crisis Debt Budgets No Doubt Debt Crisis

Author:Paul Ryan

“This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.”

“Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.”

Needs Given Technology Civilization Moon Crisis Environmental Debt Enormous Goodbye Civilisation Saying Goodbye Environmental Crisis

Author:Muhammad Yunus

“We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.”

Knows Government Running Levels Economy Capable Economics Crisis Debt Stable Currency High Level

Author:Paul Krugman

“We must work to repeal trade agreements that impede access to affordable generic drugs. We must work to cause the IMF and the World Bank to reduce and eventually eliminate the debt that takes poor nations' resources away from crises like AIDS. We must focus America's leadership on addressing and ending this epidemic.”

World America Nations Causes Poor Focus Drug Resources Crisis Trade Debt Aids Access Agreement Affordable Epidemics Generic Trade Agreements Imf World Bank Poor Nations

Author:Dennis Kucinich

“I am confident that we can overcome this crisis, provided that we remain united in our effort to address our debt and competitiveness problems. And I think that the Greek people are united; it's important also that the political forces are united in line with the will of the Greek people.”

People Thinking Important Problem Political Force Lines United Effort Overcoming Crisis Debt Greek Addresses Competitiveness

Author:Lucas Papademos

“If you look internationally over the last 50 years there have been improvements in the third world, but in the last 20 years the reverse has happened, with debt crises and increased poverty.”

Ifs World Years Looks Has Beens Lasts Poverty Happened Thirds Crisis Debt Improvement Reverse Third World Debt Crisis

Author:David Korten

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