Best Financial System Quotes | Short & Famous Sayings Page 2

“When I was on tour, people would say "We don't need a value-based currency, we can go out and buy gold and silver with US dollars now." I mean that it is so utterly brain dead, because they miss the whole point: the reason we need to have a gold and silver based currency is to bring discipline to the financial system so the government can't go out and do all sorts of bad things.”

People Needs Mean Reason Whole Government Values Brain Missing Discipline Gold Dollars Financial Silver Bad Things Currency Gold And Silver Financial System Brain Dead

Author:Bernard von NotHaus

“The welfare state is collapsing all around us. There are people that realize that we can't go on this way, but I'm not sure how many people realize how close we are to the collapse of the U.S. financial system.”

People Way States Realizing Goes On Financial Welfare Not Sure Collapse Welfare State Financial System

Author:Rush Limbaugh

“In the absence of sound oversight,responsible businesses are forced to compete against unscrupulous and underhanded businesses, who are unencumbered by any restrictions on activities that might harm the environment, or take advantage of middle-class families, or threaten to bring down the entire financial system.”

Might Sound Class Environment Middle Activity Advantage Responsible Environmental Financial Harm Absence Middle Class Restriction Oversight Financial System Middle Class Family Responsible Business

Author:Barack Obama

“The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.”

Long Economic Lessons Crisis Financial Recovery Financial System Economic Recovery

Author:Ben Bernanke

“If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.”

Ifs World Responsibility Economy Balance Majors Flow Clean Financial Credit Pace Sheets Banking Banking System World Economy Financial System Balance Sheets

Author:Manmohan Singh

“We have got to change our ethics and our financial system and our whole way of understanding the world. It has to be a world in which people live rather than die; a sustainable world. It could be great.”

People World Way Whole Dies Understanding Ethics Financial Financial System Understanding The World

Author:Vivienne Westwood

“The main message of Climate Revolution is that climate change is caused by the rotten financial system we've got, designed to create poverty and rip off any profits for a small amount of rich people. Meanwhile, it destroys the earth.”

People Earth Poverty Rich Revolution Amount Messages Climate Climate Change Financial Profit Rip Rotten Rich People Small Amounts Financial System

Author:Vivienne Westwood

“Today, if you look at financial systems around the globe, more than half the population of the world - out of six billion people, more than three billion - do not qualify to take out a loan from a bank. This is a shame.”

People Ifs World Looks Today Three Half Six Shame Financial Population Billions Finance Gambling Globes Loan Financial System

Author:Muhammad Yunus

“If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.”

Ifs Humans Wells Human Beings Emotional Products Roots Financial Tendencies Swings Defects Exuberance Amplify Financial System Volatility Deep Depression

Author:Niall Ferguson

“I no longer care about the financial system. I gave them my roadmap. OK? Thanks, bye. I've no idea what's going on. I'm disconnected. I'm totally disengaged.”

Ideas Care Financial Thanks No Idea Goodbye Bye Disconnected Financial System

Author:Nassim Nicholas Taleb

“A rentier is an investor whose relationship to a company or enterprise is strictly limited to the ownership of financial wealth (such as stocks or bonds) and the receipt of income on that wealth (such as dividends or interest). The financial system performs dismally at its advertised task, that of efficiently directing society's savings towards their optimal investment pursuits. The system is stupefyingly expensive, gives terrible signals for the allocation of capital, and has surprisingly little to do with real investment.”

“The financial system as a whole has had the characteristics of a Ponzi scheme if we look at it fundamentally.”

Ifs Looks Whole Environment Financial Characteristics Schemes Financial System Ponzi Scheme

Author:Tim Lee

“Like it or not, we have to have a financial system that is healthy and functioning.”

Healthy Financial Financial System

Author:Barack Obama

“On balance, the financial system subracts value from society”

Values Balance Financial Financial System

Author:John C. Bogle

“The financial system in its current condition poses an existential threat to Western democracy far exceeding any terrorist threat.”

Democracy Conditions Threat Western Financial Currents Terrorist Existential Financial System

Author:John Lanchester

“We cannot live without trade. A society can neither advance nor improve without excess of disposable income. This excess can only be amassed through the production of goods and services necessary or attractive to the mass. A financial system which allows this leads to inequality; one that does not leads to mass starvation.”

Doe Mass Trade Financial Productions Income Inequality Attractive Goods Excess Starvation Disposable Goods And Services Financial System

Book:The Secret Knowledge: On the Dismantling of American Culture

Source: The Secret Knowledge: On the Dismantling of American Culture

“A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.”

People World Evil Financial Damage Financial System

Author:George Soros

“High interest rates focus on the revenue of a parasitic class.Historically the financial system has been structured in favour of moneyed interests, that is, creditors.”

Has Beens Interest Class Focus Capitalism Rate Financial Favour Revenue Interest Rate Creditors Financial System

Author:Linda McQuaig

“The financial system has been turned over to the Federal Reserve Board. That Board administers the finance system by authority of a purely profiteering group. The system is Private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.”

“Ironically, the universities have trained hundreds of thousands of graduates for jobs that soon will not exist. They have trained people to maintain a structure that cannot be maintained. The elite...know only how to feed the beast until it dies. Once it is dead, they will be helpless. Don't expect them to save us. They don't know how....and when it all collapses, when our rotten financial system with its trillions in worthless assets implodes and our imperial wars end in humiliation and defeat, the power elite will be exposed as being as helpless, and as self-deluded as the rest of us”

“In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems”

May Today Risk Crisis Financial Traditional Probability Financial Crisis Financial System Financial Risk

Author:Timothy Geithner

“We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.”

People America Situation Study Worst Century Majors Crisis Financial Quarters Banking Financial System Banking Crisis

Author:Lawrence Summers

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences.”

Source: Tragedy and Hope: A History of the World in Our Time

“We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.”

Economy Financial Significant Financial System

Author:Ben Bernanke

“I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.”

Problem Would Be Difficult Crisis Complexes Financial Broads Mistaken Housing Financial System

Author:Ben Bernanke

“Well-functioning financial systems are important in achieving sustained economic growth. They play a crucial role in channeling household savings into the corporate sector and allocating investment funds among firms.”

Wells Important Play Growth Roles Economic Achieve Investment Financial Saving Corporate Firm Fund Crucial Household Savings Economic Growth Channeling Financial System

Author:Toshihiko Fukui

“The Bankers' New Clothes makes a simple, powerful argument: that banks need to raise more capital. It is entirely persuasive that the extent of their leverage makes the financial system fragile, and it clearly and patiently demolishes all the counter-arguments made by the banks and their lobbyists.”

Needs Made Simple Powerful Clothes Argument Raises Financial Fragile Bankers Persuasive Lobbyists Financial System Demolish New Clothes

Author:Diane Coyle

“The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book.”

Needs Book Causes Natural Teacher Students Serious Roots Accounts Stress Crisis Financial Massive Financial Crisis Financial System Root Cause

Author:John H. Makin

“You know, I have more than enough to do without having to worry about the financial system.”

Knows Enough Worry Financial Financial System

Author:Barack Obama

“The rest of the world needs the U.S. economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.”

World Needs Order Economy Economic Activity Trade Financial Ties Regions Globes Revive Financial System

Author:Timothy Geithner

“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.”

Years Ends Jobs Lost Millions Saws Progress Crisis Financial Eight Mess Collapse Continuing Housing Financial System Housing Crisis

Author:Robert Gibbs

“The U.S. will lose its status as the superpower of the world financial system. The world will become multi-polar.”

World Loses Financial Superpower Financial System

Author:Peer Steinbruck

“Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back.”

Knows World Would Be Nations Planets Constant Financial Debt Investors Flocks Rating Treasury Financial System Treasury Bond

Author:Mark Zandi

“It's great that people get together and collaborate, talk about the facts and the analysis, all in the interest of having a great financial system.”

People Facts Together Interest Financial Analysis Get Together Financial System Great Financial

Author:Jamie Dimon

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Financial System Quotes