economic downfall Quotes

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.

A great civilization is not conquered from without until it has destroyed itself within. The essential causes of Rome’s decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars.

How did you go bankrupt?" Two ways. Gradually, then suddenly.

You Americans are so gullible. No, you won't accept communism outright, but we'll keep feeding you small doses of socialism until you'll finally wake up and find you already have communism. We won't have to fight you. We'll so weaken your economy until you'll fall like overripe fruit into our hands.

A democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years.

… capitalism is being killed by its achievements.

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

The course of unbalanced budgets is the road to ruin

Capitalism has made it this way, old fashioned fascism will take it away.

I've watched the world crash and burn in every sense. I've watched the record industry crash and burn; politically I've watched it crash and burn, financially crash and burn.

The story of Detroit's bankruptcy was simple enough: Allow capitalism to grow the city, campaign against income inequality, tax the job creators until they flee, increase government spending in order to boost employment, promise generous pension plans to keep people voting for failure. Rinse, wash and repeat.

This circulating medium has a natural tendency to lessen by degrees the value and the use of money, and finally to render it powerless; and consequently to sweep away all the crushing masses of fraud, iniquity, cruelty, corruption and imposition that are built upon it.

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

Republics come to an end by luxurious habits; monarchies by poverty.

Instead of finding alternative energy sources, we try to subjugate entire regions of the world. People do not understand that by doing this, the United States are going to absolute ruin.

The most powerful country in the world is on its way back to the Stone Age. They say, "We were elected by the gods to govern the planet." But the truth is that what counts is getting hold of the last oil reserves. Instead of finding alternative energy sources, we try to subjugate entire regions of the world. People do not understand that by doing this, the country is going to absolute ruin.

AIG would be doing fine today. It was one of the ten largest companies in the United States in terms of market value, over 200 billion, the most respected insurer and everything in the world.

Militarism. . . is the chief bulwark of capitalism. When it is that militarism is undermined, capitalism will fail.

The current economic system is fundamentally flawed and inevitably destructive.

Credit reproduces all the fundamental antagonisms of the capitalist world. It accentuates them. It precipitates their development and thus pushes the capitalist world forward to its own destruction.

The path that we are headed on economically in America is one that leads to total ruination of the American system.

This whole theory [of John Law and Jean Terrasson], as dear to French financial schemers in the eighteenth century as to American "Greenbackers" in the nineteenth, had resulted, under the Orleans Regency and Louis XV, in ruin to France financially and morally, had culminated in the utter destruction of all prosperity, the rooting out of great numbers of the most important industries, and the grinding down of the working people even to starvation.

In peacetime without war, they have destroyed all that could be destroyed. We are standing on one-sixth of the world, a rich country with our pants down and hoping someone will help us.

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

When America went off the gold standard, its financial doom was sealed.