Robin Leach Quotes

I'm the finance minister of a bankrupt country!

America is the brokest country in history. We owe more money than anyone has ever owed anyone. And Obama and Reid say relax, that's no reason not to spend more - because the world hasn't yet concluded we have no intention of paying it back. When they do, the dollar will collapse.

The right hon. Gentleman will be known for ever as the only Chancellor in the post-war period who brought this country to the brink of bankruptcy.

Why are we in this mess, now facing the prospect of economic armageddon? It's because the prevailing characteristic has been greed, and it doesn't matter whether it's individuals living beyond their means or governments living beyond their means or people seeking to get rich quick.

In 2008, when the global financial crisis struck, it was a bad year for a lot of developing countries, and it manifested itself in consumer confidence.

If the Chinese bubble bursts one day, which inevitably will happen - maybe not tomorrow, maybe in three months, maybe in three years - when it happens, it will have devastating consequences for the global economy.

What I find so interesting is, Herbert Hoover in August 1928 said no country in the world was closer to abolishing poverty than the United States. And then, of course, we had the Great Depression.

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

To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.

The financial crisis that began in the summer of 2007 was an extraordinarily complex event with multiple causes.

America had been a boom-and-bust economy going into the Great Depression - just over and over and over, fortunes were wiped out, ordinary families were crushed under it.

I have 13 bankers in my office, and they say that if you go forward with this you will cause the worst financial crisis since World War II.

Massive runs on short-term debt helped trigger the Great Recession.

Iceland is a rich country, but in the early 21st century, this prosperity got to our heads, and in 2008, it collapsed.

The path we're on has taken the USA to the brink of bankruptcy.

We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.

The transfer of three shillings and sixpence a day to every labourer would not increase the quantity of meat in the country. There is not at present enough for all to have a decent share. What would then be the consequence?

Banks wont even loan each other money, everybody's going broke, and here we are inside here, these people are going to be out on the street selling apples and pencils and they're still going to be buying paintings for this money, so I don't know what's going on in this world.

The European economy is collapsing! The trans-Atlantic region is a disaster area in terms of economy.

I believe capitalism is dying a slow death right now, as you can see with the recession and with the credit crunch and with social and economic dismay the world as whole and the pandemic of promiscuity, drugs, alcohol and all the other diseases. That's the worst and I believe it's time for a change.

The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.

If a company can declare bankruptcy, why can't a country do so?

So perhaps the most worrying single remark made by a responsible banking official during the current crisis came from Jochen Sanio, the head of Germany's banking regulator BaFin. He warned on Aug. 1 that his country could be facing the worst banking crisis since 1931 - a reference to the collapse of Austria's Kredit Anstalt, which provoked a wave of bank failures across Europe.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

American Dream Is Under Assault. People that haven't been able to find a job in months and this growing sense in this country that this is the new normal, well we can't accept that.