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Economic Crisis Quotes

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Economic Crisis Quotes

“Oil may run out, liquidity may dry up, but as long as ink flows freely, the next chapter of Life will continue to be written.”

“Like any ecosystem, a modern economy cannot survive without recycling. Just as animals and plants are continually recycling the oxygen and carbon dioxide that the other provides, so too must workers recycle their wages by spending them in shops and businesses recycle their revenues by spending them on salaries if both are to survive. And just as in our ecosystems, in which a failure of recycling leads to desertification, so when recycling breaks down in the economy we end up with a crisis that results in devastating poverty and deprivation.”

“She was still not at ease with the idea that she was now important enough to have people as accessories. Nor was she comfortable with the idea of these people as gatekeepers with access to the details of their personal lives. Whenever she felt herself shrinking under the indifferent glare of the staff that surrounded her, as she did in this instance, she straightened her back and lifted her chin in the way that Chiedza, her trusted advisor-friend, had instructed her to do.”

“Sonnet of Cryptocurrency The reason people are nuts about cryptocurrency, Is that they hear the magic phrase regulation-free. But what they forget to take into account, Is that it also means the user alone bears liability. The purpose behind a centralized system, Is not exploitation but to provide trust and stability. Anything that is decentralized on the other hand, Is a breeding ground for fraud and volatility. Not every fancy innovation is gonna benefit society, Innovation without accountability is only delusion. Cryptocurrency can be a great boon to banking, If it merges with the centralized financial institution. Intoxication of tech is yet another fundamentalism. Algorithm without humanity is digital barbarism.”

“Incorporating cryptocurrency in the traditional centralized financial system not only speeds up transactions exponentially, but also it makes the system more user-friendly, whereas in a decentralized system cryptocurrency will only breed insecurity and chaos, due to the utter absence of liability.”

“Himalayan Sonneteer Sonnet 81 If we treat people, Like we treat currency, That is the end of the world, That is the end of society. Currency is a social construct, So, its value varies based on geography. Humanity is the foundation of our existence, How can we be human if we value people like currency! North, South, East, West, humans are the best, Mind not location, human life is worth just the same. Appearance may differ across geography, But our innate humanity is one and the same. So I say, a nation's value lies not in its currency, But its regard for the welfare of all humanity.”

“The money you own is not yours to abuse, it’s an active part of the global economic vehicle, which means, even a slight abuse on your part will lead the vehicle to malfunction, so use as little as possible based on your actual needs and give the rest back into the society in whichever way you see fit.”

“The general economic growth of the quarter of a century that followed World War II not surprisingly created many illusions. In the West, people thought that they had found in Keynesianism the definitive solution to the problem of crises and unemployment. It was thus thought that the world had entered into an era of perpetual prosperity and definitive mastery of the business cycle. In the socialist world, it was also thought that the model formula for even higher growth had been discovered which enabled Khruschev to announce victoriously that by 1980 the USSR would have overtaken the united States "in every domain." In the third world of Africa and Asia, the national liberation movements which had seized political independence, also had a battery of prescriptions which, in a mix of capitalist and socialist recipes, in doses that varied from case to case, would enable these movements to overcome "underdevelopment" in "interdependence.”

“You know, Tsitsi, you are so quick to point out that you are not a prostitute. I just want to laugh because you are just falling into rank. You all should spare us your ‘morality’ that lauds ‘women’ over the supposedly lesser ‘whores’ and ‘girls’. That’s how society sees us. That’s how you see us. You want it to be that we are like coal, only to be loved in the dark and tossed like ashes come morning.”

“The warning signs had been there since the crash of 2008, but after the initial shock, nothing had been done to correct the problem. Banks had been trading over $7 trillion in risky derivatives daily, as well as fixing interest rates and making bets on the rigged games. There was an ever-growing gap between the elite and all the rest of the people which had continued to develop even after the 2008 crash.”

“If the economy has collapsed in a country, success is to put the whole burden of the collapse on those who disrupted the economy, and to restore the economy without putting any burden on those who have no blame in the economic collapse! Other than that, a solution would be immoral and unscrupulous, and such a solution can only be applied by immoral and malicious people!”

“One wonders whether the Obama re-election campaign may be on the right track as it seeks to apply the you-break-it-you-own-it rule to Bush and the American economy. Hardly a day goes by without President Obama or his surrogates arguing that it takes longer than four years to recover from an economic crisis so long in the making.”

“I was elected by the people of Australia as Prime Minister of Australia. I was elected to do a job, I intend to continue doing that job. I intend to continue doing it to the absolute best of my ability. Part of that job has been to steer this country through the worst economic crisis the world has seen in 75 years.”

“If you followed this economic crisis and you do not think that the world is getting flatter, you are not paying attention. We saw the entire global economy at one time acting totally in sync. The real truth is the world is even flatter than I thought. Our mortgage crisis is killing Deutsche Bank. You still don't think the world is flat?”

“Obviously, our most pressing need is subsistence for the most vulnerable victims of Katrina, but we should not overlook the fact that the victims of Katrina also include middle-class Americans who have saved and invested, but now face an economic crisis, .. They should be able to tap into their savings and meet this crisis without facing an unfair penalty.”

“The current economic crisis...has numerous causes and sends a powerful message about the need for a profound revision of the model of global economic development. It's an acute symptom that is added to other more grave and already well-known ones, such as the continued imbalance between wealth and poverty, the scandal of hunger, the ecological emergency and the problem of unemployment, which has now become general. In this context a strategic re-launching of agriculture appears decisive.”

“I think everyone's dream is to be an actress, but I never really thought it was going to happen. Now that it's happening, it's incredible. I do a lot of other things, too. I'm not stuck in this little world. I'm aware that we're in the middle of an economic crisis in the U.S. There's a lot going on in the world, and I'm really happy and excited about what I have and I don't take it for granted. I'm pretty lucky.”

“I ran for president because I wanted to help Lithuania and its people during a difficult time. My country was on the very edge of an economic crisis, and people were disappointed by the economic situation and the political elite. We all needed change and motivation to consolidate our efforts in order to overcome the difficulties.”

“One intriguing subplot of the economic crisis is the failure of most economists to predict it. Here we have the most spectacular economic and financial crisis in decades - possibly since the Great Depression - and the one group that spends most of its waking hours analyzing the economy basically missed it.”

“It is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.”

“The rules in this new 'post-partisan' era are pretty simple: If the Democratic Party wants it, it's 'stimulus.' If the Republican Party opposes it, it's 'politics' - as in headlines like this: 'Obama Urges GOP To Keep Politics To A Minimum On Stimulus.' These are serious times: As the president says, it's the worst economic crisis since the Thirties. So politicians need to put politics behind them and immediately lavish $4.19 billion on his community-organizing pals at the highly inventive 'voter registration' group ACORN for 'neighborhood stabilization activities.”

“Anecdote: The East End seemed to be in the grip of yet another economic crisis. ... By the winter of 1933, an army of the unemployed gathered daily outside the dock gates, desperate for a day or 2 paid work. .... There was no cushion, no disaster fund, no stashed savings, no government handouts no syrup that could sweeten the bitter pill of poverty.”

“Carolyn Maloney has extensive - she's shown over and over again her creativity, her determination, her tenacity in fighting for women's rights. She has passed a host of bills in many different areas, both national and global, with both national and global importance for women, and she's on a Chair of Finance Committee so essentially in this economic crisis, we thought she would be perfect.”

“[Donald] Trump is explained with the intersection of a number of things: our economic crisis, the way it's easier to blame immigrants, with the happenstance that he discovered that by bashing Latino immigrants and characterizing them as "rapists" and "murderers" and "scumbags," suddenly he's got this groundswell of support from a group of people who were raised on this vocabulary.”