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Serious Quotes

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Serious Quotes

“The full consequences of a default or even the serious prospect of default by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and on the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the cost, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns.”

“The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [...] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.”

“I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.”

“As with Steinitz, Fischer's genius has often been concealed by controversies away from the board. Like Lasker, Fischer has raised chess to new financial heights despite frequent retreats from serious play. And, like Capablanca, Fischer is recognized by millions of non-players and has won the game many new enthusiasts.”

“Information is Power. Think For Yourself. CAUTION: proper use of the brain is not endorsed by federal governments nor huge corporations involved in serious financial profit from a brainwashed and enslaved population. Mild discomfort may occur as confusing independent thought challenges popular views of the world.”

“Critics, often for good reason, are concerned that the Fed is wielding its vast powers in the interests of the banks and not in the interests of the people. After the financial crisis, Americans have perceived that the banks have been bailed out, but a significant proportion of the population is still in serious economic trouble.”