Global Debt Quotes

Third world kids are dying today to pay off the debt.

In a world awash in debt, power shifts to creditors.

Whatever the amount may be, it is an obligation we cannot escape. It is a part of the obligation that the rich nations of the world, particularly America, must carry out.

It's easy to sit in relative luxury and peace and pontificate on the subject of the Third World debts.

The interesting thing about the China story, getting back to the macro and micro, and as dire as I think the macro story is - due to bad credit and credit extension that makes Greece and Spain and the U.S. look like child's play - when you get to the micro of individual companies, they look even worse.

We cannot continue our leadership in the world as the largest debtor nation the world has ever known.

The United States is a bankrupt nation. It owes the world 14 trillion dollars, and it is truly able to finance itself and the war and the supply of arms to Israel, through the money that is lent to the United States by rich countries, some of which are Muslim countries. And if you stop using the U.S. dollar... Even if you want to sell oil, you can continue to sell oil, but insist on being paid in euros, or yen, or whatever... If you do that, then the U.S. dollar will not be half the value that it has today, and if it doesn't have the value that it has today, it cannot spend money producing arms

It is said that the world is in a state of bankruptcy, that the world owes the world more than the world can pay.

You really struggle to be a successful empire if you are also the world's biggest debtor.

As I have said for many years throughout this land, we're borrowing money from China to buy oil from the Persian Gulf to burn it in ways that destroy the future of human civilization. Every bit of that has to change.

In the United States we have the great Harvard Business School, but America is the country with the greatest debt in the world.

The World Bank is now the biggest culprit in the debt crisis.

The problem of indebtedness is part of a larger and more comprehensive problem, namely the existing imbalances in the international economic order.

But sovereign debt is a wider question not only in Europe but across the globe. While every country is a unique case, I think it's not an issue of countries acting on their own. We need a more coordinated strategy not only in Europe but around the world.