Economic Meltdown Quotes & Sayings

I'm very interested in the more grass-roots consequences of the economic meltdown: issues related to mortgage foreclosures, debt collection, and the practices of credit card companies and others who hold a lot of consumer debt. — Eric Schneiderman

sold to the public on false pretenses, high officials confessing to ordering torture in violation of treaty and domestic law, and an economic meltdown even former Federal Reserve Chairman Alan Greenspan acknowledges involved massive fraud - and no one has been prosecuted, no one has gone to prison, and Americans continue to dutifully cast their votes for the Democratic/Republican duopoly responsible for these disasters. — Barry Eisler

How can HOW help us repair our faltering global economy?
Only by getting our "hows" right can we ensure that we are sustainable. This can only be achieved when we are rooted in, and inspired by, sustainable values. The global economic meltdown supplied a perfect, but painful, example of how sustainability cannot be guided by situational values. The economic crash occurred because too many financial companies became disconnected from fundamental values and long-term sustainable thinking. Instead of nurturing sustainable collaborations, banks, lenders, borrowers and shareholders pursued short-term relationships founded on situational values. More than ever we need to get out of this cycle of crises and build long-term success and deep human connections so that we achieve enduring significance in today's globally interconnected world. — Dov Seidman

The party lines don't change, that's what makes them a party and you'd be a fool to think that just because there's a black man in there it's not gonna change the real foundation of the system. Especially when you look at his largest contributor to his campaign, AIG, one of the culprits in the economic meltdown itself. — Lupe Fiasco

I need some beef and broccoli before I face any more Mr. Darcy. It's a truth universally acknowledged that if you watch too much television on am empty stomach, your head falls off."
"If your head fall off, " Tessa said, "the hairdressing industry would go into an economic meltdown — Cassandra Clare

The widely mis-interpreted 1998 'meltdown' of East Asia was a financial symptom of the renewed reality: In fact, it was the first round the world recession again to begin in East Asia and spread from there to the West, instead of vice versa. That marked the beginnings of the return back 360 degrees around the world of the world economic center to Asia where it had always been before those two eighty-year period of temporary Western ascendance. The stock market crash in Hong Kong and the devaluation of the Thai baht and the Indonesian rupia took only 80 seconds to make themselves felt in the London City and on New York's Wall Street. How much of a cultural lag do we still need for popular perception and social theory to catch up with global reality? — Andre Gunder Frank

But Empire building also bears the seeds of its own destruction. The closer a state comes to the ultimate goal of world domination and one-world government, the less reason is there to maintain its internal liberalism and do instead what all states are inclined to do anyway, i.e., to crack down and increase their exploitation of whatever productive people are still left. Consequently, with no additional tributaries available and domestic productivity stagnating or falling, the Empire's internal policies of bread and circuses can no longer be maintained. Economic crisis hits, and an impending economic meltdown will stimulate decentralizing tendencies, separatist and secessionist movements, and lead to the break-up of Empire. We have seen this happen with Great Britain, and we are seeing it now, with the US and its Empire apparently on its last leg. — Hans-Hermann Hoppe

We are living in an historic moment. We are each called to take part in a great transformation. Our survival as a species is threatened by global warming, economic meltdown, and an ever-increasing gap between rich and poor. Yet these threats offer an opportunity to awaken as an interconnected and beloved community. — Desmond Tutu

But the economic meltdown should have undone, once and for all, the idea of poverty as a personal shortcoming or dysfunctional state of mind. The lines at unemployment offices and churches offering free food includes strivers as well as slackers, habitual optimists as well as the chronically depressed. When and if the economy recovers we can never allow ourselves to forget how widespread our vulnerability is, how easy it is to spiral down toward destitution. — Barbara Ehrenreich

Quite apart from our desire to avoid destroying the planet or economic meltdown, I offer another reason to position cooperation at the heart of our political economy: it will mean we are more likely to live sane, fruitful lives — Oliver James

We are facing another economic meltdown. The ecosystem, on which the human species depends for life, is being destroyed at a rate that has not even been anticipated by climate scientists. We don't have a lot of time left. So either we get out and fight or we're finished. Fear is the only thing the Democratic Party has to offer - fear that the Republican Party is worse. — Chris Hedges

Taxpayers have put more than $24 trillion on the line to resuscitate Wall Street after the economic meltdown of last year. With the help of this massive taxpayer support, the nation's largest banks are posting record profits. — Maria Cantwell