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Michael Hudson Quotes: In fact, there's no way that banks can be paid everything that they're owed.
         

In fact, there's no way that banks can be paid everything that they're owed.


Michael Hudson
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"Michael Hudson Quotes." Quoteslyfe.com, 2024. Wed. 18 Dec. 2024. <https://www.quoteslyfe.com/quote/In-fact-there-s-no-way-that-886546>.




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Other quotes of Michael Hudson


We go forward with our heads held high, but look back and remember where we come from.

We go forward with our heads held high, but look back and remember where we come from.



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

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



The one sure mark of a con, though, is the promise of free money.

The one sure mark of a con, though, is the promise of free money.



What's bad for the frackers usually is good for the rest of the world.

What's bad for the frackers usually is good for the rest of the world.



Nothing could be better for the economy than to get rid of fracking.

Nothing could be better for the economy than to get rid of fracking.



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

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



Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."

Elites play the role today that landlords played under feudalism. They levy interest and financial fees that are like a tax, to support what the classical economists called "unproductive activity."



Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.

Nobody prefers to earn income any more, because that's taxable. Rich people prefer to make capital gains.



We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.

We're still in the collapse that began after 2008. There's not a new collapse, there hasn't been a recovery.



To the deficit commission, a depression is the solution to the problem, not a problem.

To the deficit commission, a depression is the solution to the problem, not a problem.





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Think of something, Oh yes! Think of something. Your life must not be in retardation so think of something! Think of growth for that is the whole essence of life!

Think of something, Oh yes! Think of something. Your life must not be in retardation so think of something! Think of growth for that is the whole essence of life!



Some idea of inflation comes from seeing a youngster get his first job at a salary you dreamed of as the culmination of your career.

Some idea of inflation comes from seeing a youngster get his first job at a salary you dreamed of as the culmination of your career.



Men are rather beholden ... generally to chance or anything else, than to logic, for the invention of arts and sciences.

Men are rather beholden ... generally to chance or anything else, than to logic, for the invention of arts and sciences.



There is more selfishness and less principle among members of Congress than I had any conception of, before I became President of the U.S.

There is more selfishness and less principle among members of Congress than I had any conception of, before I became President of the U.S.



I learned that lesson a long time ago. When you write popular fiction, you're going to get bashed by critics.

I learned that lesson a long time ago. When you write popular fiction, you're going to get bashed by critics.



There is nothing healthier for a man than to walk on his own two legs.

There is nothing healthier for a man than to walk on his own two legs.



These are hard times. The world hurts. We live in fear and forget to walk with hope. But hope has not forgotten you. So ask it to dinner. It's probably hungry and would appreciate the invitation.

These are hard times. The world hurts. We live in fear and forget to walk with hope. But hope has not forgotten you. So ask it to dinner. It's probably hungry and would appreciate the invitation.



Everything in journalism is about the detail that makes the whole, the attempts to reproduce speech patterns while not actually quoting the whole thing the person said.

Everything in journalism is about the detail that makes the whole, the attempts to reproduce speech patterns while not actually quoting the whole thing the person said.



The cure of many diseases is unknown to physicians because they are ignorant of the whole... For the part can never be well unless the whole is well.

The cure of many diseases is unknown to physicians because they are ignorant of the whole... For the part can never be well unless the whole is well.



Rich people focus on what they want, while poor people focus on what they don't want.

Rich people focus on what they want, while poor people focus on what they don't want.




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This page presents the quote "In fact, there's no way that banks can be paid everything that they're owed.". Author of this quote is Michael Hudson. This quote is about way, paid, facts,.