The trouble with the profit system has always been that it was highly unprofitable to most people.
People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of transparency, and because of its historical and structural connections to finance.
The problem with the finance sector is not that it has crashed (though that has done enormous damage around the world) but the damage that it did even in its pomp. It is for that reason that we must not go back to business as usual. Most of all it is imperative we reduce the dominance of finance. And that means economically, ideologically, and in terms of political voice.
Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.
The right wants to destroy the power of the Fed to increase the power of finance; and the progressives want to reorient the Fed so that it will stop protecting the interests of finance and protect the interests of the broader population instead.
The colossal mess in Vatican finances that [Pope] Francis inherited has been cleaned up, and cleaned out. Real budgeting and accounting procedures are in place; so are real professionals, not somebody's nephew.
Housing has always been a key to Great Resets. During the Great Depression and New Deal, the federal government created a new system of housing finance to usher in the era of suburbanization. We need an even more radical shift in housing today. Housing has consumed too much of our economic resources and distorted the economy. It has trapped people who are underwater on their mortgages or can't sell their homes. And in doing so has left the labor market unable to flexibly adjust to new economic realities.
In the U.S. when people like me started writing things about inequality, the economic journals had no classification for inequality. I couldn't find where to submit my inequality papers because there was no such topic. There was welfare, there was health issues, there was trade obviously. Finance had hundreds of sub groups.
I've never preached one sermon on money, on just finances. I want to stay away from it.
One of the things that's great about New York is that it is not a one-industry town. It has education, academia, the service industry, arts, publishing, theater, politics, fashion, finance, as well as movie-making.
What's going on in Syria is the worst humanitarian crisis since World War II. And we are punishing those who are suffering most in this circumstance, in this condition. We vet refugees from Syria for a period of 18 to 24 months before they're allowed to come to the United States. And, you know, if you will permit me, I think we know more about them by the time they get here than we know about the president's finances.
The fake healers make you dependent. They aggrandize their personality cult and finances. They increase their stature with titles like Doctor, Bishop, Apostle, Prophet. This increases their authority to manipulate. Watch out for those who put themselves above you. The real ones point to Christ in you. You can pray just like anyone else. The gifts of the Spirit belong to the Holy Spirit. You have this inside you by faith and can be a conduit.
Improve your business, your life, your relationships, your finances and your health. When you do the whole world improves.
The thing I have discovered about working with personal finance is that the good news is that it is not rocket science. Personal finance is about 80 percent behavior. It is only about 20 percent head knowledge.
The studios don't finance anymore, they get outside funds.
Mr. Trump wants to turn the U.S. economy into the kind of real estate development that has made him so rich in New York. It will make his fellow developers rich, and it will make the banks that finance this infrastructure rich, but the people are going to have to pay for it in a much higher cost for transportation, much higher cost for all the infrastructure that he’s proposing. You could call Trump's plan "public investment to create private profit". That's really his plan in a summary.
The job now is to institutionalize all of that [Vatican finances], and I wouldn't bet against Cardinal [George] Pell, who hasn't shied away from contact sports since his days as an Australian-rules football star.
When I first got money, I went through it like everybody else, because I didn't know. But, right now, I've educated myself and placed smart people around me. I surrounded myself with people who not only are intelligent and effective about finances, taxes, and money management, but they (also) love me.
More investment trusts securities were offered in September of 1929 even than in August - the total was above $600 million. However, the nearly simultaneous promotion of Shenandoah and Blue Ridge was to stand as the pinnacle of new era finance. It is difficult not to marvel at the imagination which was implicit in this gargantuan insanity. If there must be madness something may be said for having it on a heroic scale.
America today has insufficient savings to finance both crucial investment and its consumption of imports.
Most Republicans are not prepared to stand up to the fossil fuel industry because they get a lot of their campaign funds from the Koch brothers and other people in the fossil fuel industry. That tells me why we have to reform our campaign finance system.
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
Certainly many of us never anticipated that states would become addicted to the tobacco money as a way to finance their operations.
If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals.
The reason that minorities and women dont have a better shot at getting elected to the Senate or to statewide office is because the campaign finance rules are so skewed as to make it very difficult for non-traditional candidates to raise the money necessary to get elected.
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