Posts Tagged ‘finance’

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Charlie Munger: Finance Out of Control

Posted by admin on Saturday, June 4, 2016

Charlie Munger, vice-chair Berkshire Hathaway, Money Quote saying as a Republican, there are few other things he can agree with Elizabeth Warren on – except current state of banking is risky and dangerous. Charlie Munger said:

Elizabeth Warren doesn’t agree with me on many subjects, and I wouldn’t agree with her on many subjects, but she is basically right when she says that American finance is out of control and that it isn’t good for the rest of us
— Charlie Munger

Rana Foroohar: Finance Industry Profits

Posted by admin on Wednesday, May 18, 2016

Rana Foroohar Money Quote Wall street takes a far bigger slice of corporate profits in America than the small percentage of jobs it creates. Rana Foroohar said:

The finance industry creates 4% of jobs, but takes 25% of the profits in corporate America
— Rana Foroohar

Rana-Foroohar-Makers-Takers-Book-CoverFor the past 15 years Rana Foroohar has covered the financial industry for Newsweek and Time and has now written a book looking at what she’s learned during that time.

Michael Connolly: Printing Inflationary Evil

Posted by admin on Tuesday, January 26, 2016

Michael Connolly Money Quotation saying governments that are tempted to print money during financial crises are playing with Seigniorage fire. Michael Connolly said:

Seigniorage finance of fiscal deficits is often known as “the printing press.” In a sense, money is the root of all inflationary evil. It helps to understand why inflation bursts out here and there periodically
— Michael Connolly

Pope Francis: Worldwide Crisis of Finance

Posted by admin on Thursday, October 1, 2015

Pope Francis Money Quotation saying international monetary crisis displays clearly lacking empathy for people. Pope Francis said:

The worldwide crisis affecting finance and the economy lays bare their imbalances and, above all, their lack of real concern for human beings. Man is reduced to one of his needs alone: consumption
— Pope Francis

Marriner Eccles: No Debt Means no Money

Posted by admin on Tuesday, July 14, 2015

Marriner Eccles Money Quotation saying The money and banking system relies on debt to finance the creation of new capital – without one the other doesn’t exist. Marriner Eccles said:

If there were no debts in our money system, there wouldn’t be any money

— Marriner Eccles

Satyajit Das: Finance Incomprehensible to All

Posted by admin on Saturday, July 11, 2015

Satyajit Das Money Quotation saying finance is made complex to hide its simplistic goal of fleecing all pariticpants in banking. Satyajit Das said:

Modern finance is generally incomprehensible to ordinary men and women … The level of comprehension of many bankers and regulators is not significantly higher. Like the wolf in the fairy tale: ‘All the better to fleece you with’
— Satyajit Das

Elizabeth Warren: Supreme Court $ Elections

Posted by admin on Monday, March 23, 2015

Elizabeth Warren Money Quotation saying the highest court in the land has made it easier for corporate money to dramatically influence elections. Elizabeth Warren said:

The supreme court overturned a century of precedent voiding campaign finance restrictions passed by congress and making it far easier for millionaires biliionaires and big corporations to flood our elections with massive amounts of money. The supreme court is helping them buy elections
— Elizabeth Warren

William Black: Struggle Against $ Power

Posted by admin on Wednesday, February 11, 2015

William Black Money Quotation saying if we accept that there is no hope against the abuses of financial power, we will accept those abuses without hope. William Black said:

There’s never going to be a decisive victory against power and money and finance. We have to fight – every generation has to engage in the struggle and if it gives up and says it’s hopeless, well it’ll give up and then it will be hopeless

— William Black

Fight Money Power

Pavel Constantin, Romania

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