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Michael Hudson Quotes

$Nothing could be better for the economy than to get rid of fracking Picture Quote #1$

Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay Picture Quote #1

Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what’s happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend Picture Quote #1

If the economy is growing, people want to employ more workers. If you hire more labor, wages go up Picture Quote #1

If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up Picture Quote #1

The companies aren’t hiring, because consumers don’t have enough money to buy the goods and services Picture Quote #1

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Paying debt service to banks leaves less income to buy goods and services Picture Quote #1

Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that’s not permitted with student loans. So the effect is to impoverish many graduates with very high debts Picture Quote #1

No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can’t be saved, because of the mathematics that are involved Picture Quote #1

There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe haven if international exchange rates break down Picture Quote #1

Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy Picture Quote #1

There really isn’t a recovery, and no signs of it on the horizon, because people have to pay the banks. It’s a vicious circle - or rather, a downward spiral Picture Quote #1

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Actually, high housing prices don’t help the economy. They raise the cost of living Picture Quote #1

You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply Picture Quote #1

Most banks - with Deutsche Bank at the top of the spectrum here - have decided that they can’t make money lending to barrowers anymore, so they’re going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives Picture Quote #1

The banks’ product is debt. They try to tell customers that debts are good for you, but the customers can’t afford any more debt, so there’s no way the banks can continue their current business plan Picture Quote #1

People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the stock market or even the money markets is very high Picture Quote #1

$I think the less fracking there is, the better it is for the economy and society Picture Quote #1$

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You’re having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system Picture Quote #1

I think we’re in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the policy, clean up Picture Quote #1

$What’s bad for the frackers usually is good for the rest of the world Picture Quote #1$

The one sure mark of a con, though, is the promise of free money Picture Quote #1

To the deficit commission, a depression is the solution to the problem, not a problem Picture Quote #1

We go forward with our heads held high, but look back and remember where we come from Picture Quote #1

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Friendship Quotes

Motivational Quotes

Inspirational Quotes

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Text Quotes

Nothing could be better for the economy than to get rid of fracking (Michael Hudson Quotes) Mathematically, debts grow exponentially at compound interest. Banks recycle the interest into new loans, so debts grow exponentially, faster than the economy can afford to pay. (Michael Hudson Quotes) Deflation means a slowdown of income growth. Markets shrink, new capital investment and employment also taper off, so wages decline. That is what’s happening as deliberate policy in Europe and the United States. Falling or stagnant prices are simply the result of having less income to spend. (Michael Hudson Quotes) If the economy is growing, people want to employ more workers. If you hire more labor, wages go up. (Michael Hudson Quotes) If you look at payments to labor as a proportion of national income or gross domestic product, you find profits going way up, investment and savings going up. (Michael Hudson Quotes) The companies aren’t hiring, because consumers don’t have enough money to buy the goods and services. (Michael Hudson Quotes) Paying debt service to banks leaves less income to buy goods and services (Michael Hudson Quotes) Normally, if someone goes bankrupt, you wipe out the debt and get a fresh start. But that’s not permitted with student loans. So the effect is to impoverish many graduates with very high debts. (Michael Hudson Quotes) No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can’t be saved, because of the mathematics that are involved. (Michael Hudson Quotes) There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe haven if international exchange rates break down. (Michael Hudson Quotes) Every government, from the Obama administration right through to Angela Merkel, the Eurozone and the IMF, promise to save the banks, not the economy. (Michael Hudson Quotes) There really isn’t a recovery, and no signs of it on the horizon, because people have to pay the banks. It’s a vicious circle - or rather, a downward spiral. (Michael Hudson Quotes) Actually, high housing prices don’t help the economy. They raise the cost of living. (Michael Hudson Quotes) You have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply. (Michael Hudson Quotes) Most banks - with Deutsche Bank at the top of the spectrum here - have decided that they can’t make money lending to barrowers anymore, so they’re going to the second business plan: They lend money to casino capitalists. That is, to people who want to gamble on derivatives. (Michael Hudson Quotes) The banks’ product is debt. They try to tell customers that debts are good for you, but the customers can’t afford any more debt, so there’s no way the banks can continue their current business plan. (Michael Hudson Quotes) People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the stock market or even the money markets is very high. (Michael Hudson Quotes) I think the less fracking there is, the better it is for the economy and society (Michael Hudson Quotes) You’re having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system. (Michael Hudson Quotes) I think we’re in the take-the-money-and-run stage of the economy. So the banks may go under, but the bankers, who make the policy, clean up. (Michael Hudson Quotes) What’s bad for the frackers usually is good for the rest of the world (Michael Hudson Quotes) The one sure mark of a con, though, is the promise of free money (Michael Hudson Quotes) To the deficit commission, a depression is the solution to the problem, not a problem (Michael Hudson Quotes) We go forward with our heads held high, but look back and remember where we come from (Michael Hudson Quotes)