Ralph Waldo Emerson Quotes

Market forces will one day crush the Federal Reserve. One day, the market forces will reverse.

We cannot continue our leadership in the world as the largest debtor nation the world has ever known.

Europe is on an economic collision course with reality.

The problem is that the U.S. government is the biggest debtor in the world, and those depending on it to take care of them will only become poorer.

The interest on our debt is going to collapse this country.

This debt crisis coming to our country. The wall and tidal wave of debt that is befalling our nation. Medicare and Social Security go bankrupt within ten years, we have a debt that is looming so high that in the last year of President Obama's budget just the interest payments on our debt is $916 billion dollars.

I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.

In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.

I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.

When you take a look at the problems our country is facing, debt is No. 1. The math is downright scary and the credit markets aren't going to keep on giving us cheap rates.

We have one of the highest interest rates in the world, and we owe more money per capita than any other country. All we need is a nail hole in the bottom of the boat and we're sunk.

The United States is a bankrupt nation. It owes the world 14 trillion dollars, and it is truly able to finance itself and the war and the supply of arms to Israel, through the money that is lent to the United States by rich countries, some of which are Muslim countries. And if you stop using the U.S. dollar... Even if you want to sell oil, you can continue to sell oil, but insist on being paid in euros, or yen, or whatever... If you do that, then the U.S. dollar will not be half the value that it has today, and if it doesn't have the value that it has today, it cannot spend money producing arms

Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier…

For a generation accustomed to thinking of the United States as the world's leading industrial power, something was lost when the U.S, became the world's largest debtor.

The immense and ever increasing sums which the state wrings from the people are never enough for it; it mortgages the income of future generations, and steers resolutely toward bankruptcy.

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.

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.

From my point of view it's impossible to cut debt in a country with new debt from another country.

If we continue to allow the federal government to live beyond its means, we will all soon have to live beneath ours.

The real danger with debt is what happens if lots of people decide, or are forced, to pay it off at the same time.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.

If the financial system collapses, it's really, really hard to put it back together again.

What you have in legacy countries is long-term insolvency.