Non Financial Debt Quotes & Sayings

A point must be repeated: only the pathological weakness of the financial memory ... allows us to believe that the modern experience of ... debt ... is in any way a new phenomenon. — John Kenneth Galbraith

Despite all the challenges facing higher education in America, from mounting student debt to grade inflation and erratic standards, our system is rightly the world's envy, and not just because our most revered universities remain on the cutting edge of research and attract talent from around the globe. We also have a plenitude and variety of settings for learning that are unrivaled. In light of that, the process of applying to college should and could be about ecstatically rummaging through those possibilities and feeling energized, even elated, by them. But for too many students, it's not, and financial constraints aren't the only reason. Failures of boldness and imagination by both students and parents bear some blame. The information is all out there. You just have to look. — Frank Bruni

A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d'etat underway. — Catherine Austin Fitts

Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon. — Peer Steinbruck

I use my financial values to set my limitations. I have three children I want to put through college debt free. So that means I can't spend wildly or with disregard. — Michelle Singletary

It's not about judging you, it's about changing your point of view. — Simone Milasas

Americanesia Expressaphobia, n 1. Financial affliction, first diagnosed in late twentieth century, where the sufferer forgets the amount charged on a credit card but is terribly afraid that it's way too much. Closely related to Visago, n, where a high level of debt prompts feelings of nausea and dizziness. — Gary Belsky

The world became more aware that America-despite being the hope of many who have the personal drive and ambition to become part of the "American dream"-is beset by serious operational challenges: a massive and growing national debt, widening social inequality, a cornucopian culture that worships materialism, a financial system given to greedy speculation, and a polarized political system — Zbigniew Brzezinski

I'm happy to tell you that my debt is retired. That happened because I got a good financial adviser. — Lisa Caputo

Easy payments, easy lease, easy approval. Debt is very EASY to get into, but makes it HARD to live victoriously. — Bradley Vinson

But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all. — Suze Orman

Big banks churn out page after page of incomprehensible fine print to obscure the cost and risks of checking accounts, credit cards, mortgages and other financial products. The result is that consumers can't make direct product comparisons, markets aren't competitive, and costs are higher. If the playing field is leveled and the broken market fixed, a lot more money will stay in the pockets of millions of hard-working families. That's real stimulus - money to families, without increasing our national debt. — Elizabeth Warren

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people. — Vince Cable

One of the reasons the rich get richer, the poor get poorer, and the middle class struggles in debt is because the subject of money is taught at home, not in school. Most of us learn about money from our parents. So what can a poor parent tell their child about money? They simply say "Stay in school and study hard." The child may graduate with excellent grades but with a poor person's financial programming and mind-set. It was learned while the child was young. — Robert T. Kiyosaki

Defaulting on the nation's debt would be cataclysmic. The U.S. Treasury's Aaa rating is the one constant in the world's financial system. When times are bad anywhere on the planet, global investors flock to Treasury bonds because they know they will get their money back. — Mark Zandi

Old: Give me liberty or give me death. - New: Give me liberty or give me debt. — Orrin Woodward

Cruelty links all three primitives [pleasure, pain, and desire]: Spinoza defines it as the desire to inflict pain on someone we love or pity. Financial speaking, cruelty is analogous to a convertible bond whose debt and equity depend on three economic underliers: the stock price, the level of interest rates, and the credit worthiness of the company's debt. — Emanuel Derman

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America. — Murray Rothbard

Financial fitness is not pipe dream or a state of mind it's a reality if you are willing to pursue it and embrace it. — Will Robinson

Apple raised $17 billion in a bond offering in 2013. Not to invest in new products or business lines, but to pay a dividend to stockholders. The company is awash with cash, but much of that money is overseas, and there would be a tax charge if it were repatriated to the USA. For many other companies, the tax-favoured status of debt relative to equity encourages financial engineering. Most large multinational companies have corporate and financial structures of mind-blowing complexity. The mechanics of these arrangements, which are mainly directed at tax avoidance or regulatory arbitrage, are understood by only a handful of specialists. Much of the securities issuance undertaken by Goldman Sachs was not 'helping companies to grow' but represented financial engineering of the kind undertaken at Apple. What — John Kay

When you hear the phrase "rescue the financial system," translate it in your mind into "keep the debts on the books." They are trying to find a way for you (and debtor nations too) to keep paying and for the debt to keep growing. — Charles Eisenstein

Under its current form, that is imperialism-controlled, debt is a cleverly managed re-conquest of Africa, aiming at subjugating its growth and development through foreign rules. Thus, each one of us becomes the financial slave, which is to say a true slave ... — Thomas Sankara

Oh, and 13.1 million American people had their homes foreclosed. Because their debt, it turns out, was real; it was only the debt within the financial sector that was imaginary. It was only the people who generated the crisis who got three magical wishes from an economic genie. There was no abracadabra for ordinary people; they just got abraca-fucked. — Russell Brand

None of it made any difference. The hollow feeling refused to go away. The next days were very hard. I found myself in the grip of a crippling ennui. I was back at square one, but I couldn't bring myself to resume my job hunt; it was all I could do to drag myself from the bedroom floor to the sofa. With every passing day my financial affairs grew more ruinous, and it became harder and harder even to conceive of how I might dig myself out of the hole I was in - which only compounded my ennui, and my disinclination to do anything about it. — Paul Murray

Landowners may contribute their property as equity - always scarce for the beginning developer - but they might also supply debt, via seller financing, at terms unavailable through financial institutions. Even if they do not materially participate, landowners can tie up land while financing and approvals are obtained. In income property, key tenants might also be offered partnerships to induce them to lease space in the project, particularly if the project can be designed around the tenant's specific needs. — Richard B. Peiser

Currently we're suffering from the fear instilled into Americans that another 9/11 is just around the corner. We've also been brainwashed into believing the Federal Reserve just saved us from a total financial collapse in the past seven years even though the Fed was one of the most important causes of the crisis. To deal with the threats of another attack and another financial crisis we are expected to complacently accept endless spending, endless debt, endless bailouts, endless inflation by the Federal Reserve, endless spending by the Congress, and even endless war. — Ron Paul

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. — Michael Hudson

The same philantropists who give millions for AIDS or education in tolerance have ruined the lives of thousands through financial speculation and thus created the conditions for the rise of the very intolerance that is being fought. In the 1960s and '70s it was possible to buy soft-porn postcards of a girl clad in a bikini or wearing an evening gown; however, when one moved the postcard a little bit or looked at it from a slightly different perspective, her clothes magically disappeared to reveal the girl's naked body. When we are bombarded by the heartwarming news of a debt cancellation or a big humanitarian campaign to eradicate a dangerous epidemic, just move the postcard a little to catch a glimpse of the obscene figure of the liberal communist at work beneath. — Slavoj Zizek

The minute a Wall Street firm purchases your debt, your bank no longer has it on its financial statement, which then allows the bank to look for more credit card customers. That's one reason why you get so many credit card offers. — Robert Kiyosaki

I hope we will never again see such a depression. But I am troubled by the huge consumer installment debt which hangs over the people of the nation, including our own people. — Gordon B. Hinckley

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem. — Ben Bernanke

The schools can't cover all the values that go along with how you handle your money. For example, a financial literacy class might not teach me to hate debt the way my grandmother, Big Mama did. — Michelle Singletary