Financial System Quotes

• 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.

  Manmohan Singh

  Responsibility, Balance, Pace

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

  Ben Bernanke

  Recovery, Long, Lessons

  "60 Minutes" with Scott Pelley, www.realclearpolitics.com. March 15, 2009.

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• 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.

  Niall Ferguson

  Emotional, Swings, Roots

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  I believe that banking institutions are more dangerous to our liberties than standing armies.

  Thomas Jefferson

  Money, Believe, Army

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• We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

  Alan Greenspan

  Bells, May, Financial

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• 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

  Country, Fashion, Agreement

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

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• 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.

  David Mamet

  Excess, Doe, Income

  David Mamet (2011). “The Secret Knowledge: On the Dismantling of American Culture”, p.8, Penguin

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• 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.

  George Soros

  People, Evil, World

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• The global crisis is caused by pathologies inherent in the global financial system itself.

  George Soros

  Financial, Pathology, Crisis

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

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

  Barack Obama

  Worry, Financial, Enough

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

  Barack Obama

  Healthy, Financial

  "Dems To Wall Street: GOP’s Not The Party For You" By Ryan Grim, www.huffingtonpost.com. April 6, 2010.

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• By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.

  Paul Krugman

  Done, Facts, Financial

  "The Joy of Sachs". www.nytimes.com. July 16, 2009.

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• On balance, the financial system subracts value from society

  John C. Bogle

  Balance, Financial, Values

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• 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

  Rip, People, Revolution

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• 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

  People, Needs, Earth

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• 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

  Trying, Littles, Pay

  Source: www.counterpunch.org

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• Developing countries like Malaysia should have a say in changing the world financial system since we have faced the problems that it has caused.

  Mahathir Mohamad

  Country, Should Have, Developing Countries

  Mahathir bin Mohamad (2002). “Reflections on Asia”, Pelanduk Publications Sdn Bhd

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• 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

  Powerful, Simple, Clothes

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• 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

  Agency, Financial, Insurance Companies

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

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• 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

  Mean, Numbers, Would Be

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

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• 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

  Clueless, Speech, Financial

  "Carly Fiorina, the other woman". Interview with Glenn Harlan Reynolds, www.usatoday.com. July 19, 2015.

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• Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

  Ben Bernanke

  Growth, Employment, Financial

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

  Tony Blair

  Financial, Enterprise, Free Enterprise

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• I don't feel so strongly against remakes, but if I don't like it, I guess I just don't do it. It is what it is. Hollywood is driven by the financial system, so if they think that it has a brand and people are going to go see it because it's a recognizable property, they're going to remake it.

  James Wan

  Thinking, People, Hollywood

  "Interview: James Wan, Leigh Whannell Talk ‘Insidious’ & Classic Horror". Interview with Rob Frappier, screenrant.com. March 13, 2011.

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• 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

  Insecurity, Noir, Financial

  "Courting Disaster: Werner Herzog". Interview with Darrell Hartman, www.interviewmagazine.com. October 28, 2009.

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