100+ Financial System Quotes | InspiringQuotes.us

source: "Carly Fiorina Answers 12 Christian Post Questions for Every Presidential Candidate". Interview with Napp Nazworth, www.christianpost.com. January 4, 2016.

topic: Jobs, Cutting, Agency, Financial System, Government Agencies

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.

- Carroll Quigley

source: Carroll Quigley (1966). “Tragedy and Hope: A History of the World in Our Time”, G S G & Associates Pub

topic: Country, Fashion, Agreement, Power And Control, Central Banking

The global financial system consists of firms in the financial services sector - banks, hedge funds, insurance companies and the like - and various governmental agencies who are charged with regulating these firms.

- John L. Casti

source: "What If Everything Went Straight to Hell?". Interview with Austin Allen, bigthink.com.

topic: Agency, Financial, Insurance Companies, Financial Services, Financial System

On balance, the financial system subracts value from society

- John C. Bogle

topic: Balance, Financial, Values, Financial System

Nothing is costed properly and it's destroying the earth. We need to re-educate people that what is good for the planet is good for the financial system.

- Vivienne Westwood

topic: People, Needs, Earth, Destroying The Earth, Financial System

Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.

- Timothy Geithner

topic: Past, Stronger, Financial, Financial System, Shock Absorber

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.

- Bernard von NotHaus

source: Source: www.wherestherage.com

topic: Mean, Government, Discipline, Financial System, Brain Dead

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.

- Muhammad Yunus

topic: Gambling, People, Population, Financial System

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

- Henry Paulson

topic: Discipline, Risk, Financial, Financial Institutions, Financial System

No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can't be saved, because of the mathematics that are involved.

- Michael Hudson

source: Source: www.counterpunch.org

topic: Trying, Littles, Pay, Financial System

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.

- Jamie Dimon

topic: People, Together, Analysis, Financial System, Get Together

The free enterprise system has not failed; the financial system has failed.

- Tony Blair

topic: Financial, Enterprise, Free Enterprise, Financial System

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

- John Lanchester

topic: Democracy, Financial, Existential, Financial System

I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.

- Nouriel Roubini

topic: Believe, People, Political, Financial System, Market Economy

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

- Ben Bernanke

topic: Financial, Economy, Significant, Financial System

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.

- Diane Coyle

topic: Powerful, Simple, Clothes, Demolish, Financial System

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

- Chris Hedges

topic: Jobs, War, Self, Financial System

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.

- Nassim Nicholas Taleb

source: "Nassim Taleb: my rules for life" by Carole Cadwalladr, www.theguardian.com. November 24, 2012.

topic: Goodbye, Ideas, Care, Financial System

Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.

- George Soros

source: "The Crisis of Global Capitalism: Open Society Endangered". Book by George Soros, 1998.

topic: Country, Swings, Balls, Meltdowns, Interim

There are specific times where film noir is a natural concomitant of the mood. When there's insecurity, collapse of financial systems - that's where film noir always hits fertile ground.

- Werner Herzog

topic: Insecurity, Noir, Financial, Fertile Ground, Film Noir

We must see that it is foolish, sinful and suicidal to destroy the health of nature for the sake of an economy that is really not an economy at all but merely a financial system, one that is unnatural, undemocratic, sacrilegious, and ephemeral.

- Wendell Berry

source: Wendell Berry (2003). “The Art of the Commonplace: The Agrarian Essays of Wendell Berry”, p.201, Counterpoint

topic: Suicidal, Ephemeral, Sake, Sacrilegious, Financial System

The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.

- Paul Krugman

topic: Zero, Real, Understanding, Financial System

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.

- Vivienne Westwood

topic: Rip, People, Revolution, Financial System, Small Amounts

If exclusive privileges were not granted, and if the financial system would not tend to concentrate wealth, there would be few great fortunes and no quick wealth. When the means of growing rich is divided between a greater number of citizens, wealth will also be more evenly distributed; extreme poverty and extreme wealth would be also rare.

- Denis Diderot

source: "L'Encyclopédie", Article on Wealth, 1766.

topic: Mean, Numbers, Would Be, Exclusive, Financial System

He smote the rock of the national resources, and abundant streams of revenue gushed forth. He touched the dead corpse of the Public Credit, and it sprung upon its feet. The fabled birth of Minerva, from the brain of Jove, was hardly more sudden or more perfect than the financial system of the United States, as it burst forth from the conceptions of Alexander Hamilton.

- Daniel Webster

source: Speech, New York, N.Y., 10 Mar. 1831

topic: Feet, Rocks, Perfect, Minerva, Financial System

These public-private partnerships are very, very dangerous. The most rotten part of the financial system in the US consisted of the government sponsored entities, Fannie Mae and Freddie Mac. They really kicked off this crisis. The state should set the rules and enforce them - but not become involved as a market player.

- George Soros

source: "'The Economy Fell off the Cliff'". Interview with Mathias Müller von Blumencron, Gregor Peter Schmitz and Gabor Steingart, www.spiegel.de. November 24, 2008.

topic: Player, Government, Rotten, Private Parts, Financial System

Europe's financial system is fragmented, although the gap in funding costs for banks within the euro area is no longer as wide as it was two years ago. But in lending the differences are still very large, and in some countries the credit flow is disrupted.

- Mario Draghi

topic: Country, Differences, Years, Financial System

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

- Timothy Geithner

topic: Risk, May, Today, Financial Risk, Financial System

When Hillary Clinton talks about adding more restrictions and complexity to our financial system, as she did in her economic policy speech, it shows how clueless she is about how the economy actually works.

- Carly Fiorina

topic: Clueless, Speech, Financial, Financial System

Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.

- Noam Chomsky