Economic Collapse Quotes

Liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate. It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from less competent people.

I do worry about civil unrest, or complete collapse of society, or having to flee, or Europe falling into a war.

If something can’t go on forever, it will stop.

The best way to destroy the capitalist system is to debauch the currency.

The presently existing global financial and monetary system will disintegrate during the near term. The collapse might occur this spring, or summer, or next autumn; it could come next year; it will almost certainly occur during President William Clinton's first term in office; it will occur soon. That collapse into disintegration is inevitable, because it could not be stopped now by anything but the politically improbable decision by leading governments to put the relevant financial and monetary institutions into bankruptcy reorganization.

The banking collapse was caused, more than anything, by bad government policy and the total failure of bad regulation, rather than by greed.

A 'mixed economy' is a society in the process of committing suicide.

Family responsibility, yes, and always. Family bankruptcy due to the cruel rules of government, no.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

Russia has nothing: no successful politics or economy.

Liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate.

Throughout history, every government that's printed money, the money has eventually gone to its ultimate value which is zero. Remember? The confederate dollar went to zero. The continental went to zero. That's what happens when you have a bank that's allowed to print as much money as it wants to.

I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.

A recession is a period in which you tighten your belt. In a depression, you have no belt to tighten. In a panic you have no pants left to hold up.

When you see that trading is done, not by consent, but by compulsion...th at in order to produce, you need to obtain permission from men who produce nothing-you may know that your society is doomed.

We are continuing this policy in bleeding America to the point of bankruptcy. Allah willing, and nothing is too great for Allah.

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

Once upon a time my political opponents honored me as possessing the fabulous intellectual and economic power by which I created a world-wide depression all by myself.

I do know that throughout history, all paper money has eventually come back to its true value, which is zero.

Science knows no politics. Are we in this frenzy of [the Depression] economy, brought about by those who control the wealth of this country, seeking to put a barrier on science and research for the paltry sum of $39,113 out of an appropriation of $100,000,000?

After the collapse of socialism, capitalism remained without a rival. This unusual situation unleashed its greedy and - above all - its suicidal power. The belief is now that everything - and everyone - is fair game.

Money no longer has any meaning. Civilization is coming to an end. If not the destruction of the world, it's an endless stalemate.

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.

When the economy collapsed, our construction company was in Calgary, but the U.S. was further along in the recession, so I made the move down to Vegas.

We are on the verge of events, the like of which the world has not seen since the time of the barbarian invasion. Soon everything that constitutes our lives will strike the world as useless. A period of barbarism is about to begin and it will last for decades.