Economic Catastrophe Quotes

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.

So virtuous are the programs said to be - pensions for the elderly, compensation for the unemployed, medicine for the sick, and assistance for the disabled - few dare ring the alarm of looming economic catastrophe that threatens to destabilize the civil society.

The global economy is a doomsday machine that must be stopped and reprogrammed.

Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe.

Like Samson in the temple of the Philistines, a collapsing U.S. economy would inflict enormous, unacceptable damage on the rest of the world.

The future is our responsibility, but change will not take place until the majority loose confidence in their dictator’s and elected officials’ ability to solve problems. It will likely take an economic catastrophe resulting in enormous human suffering to bring about true social change.

If we hit the debt ceiling, that's... essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic.

... the industrial equivalent of capital punishment.

The collapse of the global marketplace would be a traumatic event with unimaginable consequences. Yet I find it easier to imagine than the continuation of the present regime.

No industry should have the capacity to inflict economic costs that may even surpass those of a world war.

The American capitalists are richer and stronger than their counterparts in other lands. They are also younger and more ignorant, and therefore more inclined to seek a rough settlement of difficulties without diplomatic subtlety and finesse. All that does not change the fact that American capitalism operates according to the same laws as the others, is confronted with the same fundamental problems, and is headed toward the same catastrophe.

Very serious mistakes were made by previous governments, and Greece was ready to be abandoned by its partners and to leave the eurozone, which would have created total catastrophe.

Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.

The fear among economists across the political spectrum that was - was that we were rapidly plummeting towards a second Great Depression. So, in the weeks and months that followed, we undertook a series of difficult steps to prevent that outcome. And we were forced to take those steps largely without the help of an opposition party, which, unfortunately, after having presided over the decision-making that had led to the crisis, decided to hand it over to others to solve.

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

If economic catastrophe does come, will it be a time that draws Christians together to share every resource we have, or will it drive us apart to hide in our own basements or mountain retreats, guarding at gunpoint our private stores from others? If we faithfully use our assets for his kingdom now, rather than hoarding them, can't we trust our faithful God to provide for us then?

Give a small number of people the power to enrich themselves beyond everyone's wildest dreams, a philosophical rationale to explain all the damage they're causing, and they will not stop until they've run the world economy off a cliff.

So I analyzed that and decided I didn't want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.