John Niven Quotes

One of the strangest things about life is that the poor, who need the money the most, are the ones that never have it.

Subprime lending is growing faster in black areas than in white areas.

You cannot help the poor by destroying the rich.

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.

The financial advice market presents an impossible conundrum: in order to work with a financial planner, you must have enough money to be of interest. In order to amass enough money, it is critical to work with a financial planner. Most financial plans come with a $1,500-$3,000 price tag - numbers that are simply out of reach for most Americans.

I don't think it's good for people to be born into money and not know what it is never to have it.

It is only the poor who pay cash, and that not from virtue, but because they are refused credit.

The Clinton administration cared a lot about the middle class and the poor. But it also cared a lot - too much, in retrospect - about the rich.

Hating Wall Street is an American tradition that dates back even to the days when Thomas Jefferson cursed that money lover Alexander Hamilton. And for centuries, the complaints about it have largely stayed the same: 'It does nothing! It creates chaos! It's a parasite that sucks hardworking Americans dry!'

About the only difference between the poor and the rich, is this, the poor suffer misery, while the rich have to enjoy it.

Inequality makes everyone unhappy, the poor most of all, and that is well within the remit of the state. More money gives less extra happiness the richer we get, yet we are addicted to earning and spending more every year.

The poor pay more, and that's one of the reasons people get trapped at the bottom of the economic ladder.

The great rule is not to talk about money with people who have much more or much less than you.

No one should have more than five times the wealth of the poorest person.

The bastards broke the People's back with their usury.... Let them die; the People will survive.

The aversion, in the common people, to a silver and gold currency, had occasioned several tumultuous assemblies in and near the town of Boston. The paper, they said, was not worth hoarding, but silver and gold would all fall to the share of men of wealth, and would either be exported or hoarded up, and no part of it would go to the labourer, or the lower class of people, who must take their pay in goods, or go without

There’s just too much money in the hands of too few.

If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered.

Income inequality is the central problem all the way across the world.

The biggest drag on global growth in the coming decade will be income polarization.

America has become the greatest creditor of the world, a vast reservoir in which the yellow metal [gold] is stored up without distributing that prosperity which, under normal circumstances, it would have brought to those in need of it.

The poor man who takes property by force is called a thief, but the creditor who can by legislation make a debtor pay a dollar twice as large as he borrowed is lauded as the friend of a sound currency. The man who wants the people to destroy the Government is an anarchist, but the man who wants the Government to destroy the people is a patriot.

Historically marginalized populations have already had less access to wealth and credit building opportunities, and the continued use of credit histories to set auto insurance pricing compounds racial discrimination and exacerbates wealth inequality.

Low interest rates wipe out savers and devastate middle-class workers. The banksters have orchestrated this wealth transference of trillions, from the poor to the very wealthy. At the expense of everybody who isn't at the top.

There are hundreds of millions of people around the globe who could safely repay loans but nonetheless do not have access to a line of credit. Financial institutions in developing economies are broken and inefficient, and hard-working people have not been given the chance to establish a credit history.