"There are many ways to create economic suicide on a national level. The major way through history has been through indebting the economy. Debt always expands to reach a point where it cannot be paid by a large swathe of the economy. This is the point where austerity is imposed and ownership of wealth polarizes between the One Percent and the 99 Percent."

--

Source : Source: www.counterpunch.org

Michael Hudson

#Suicide Quotes #Wealth Quotes #Economic Quotes

“I don't mind being black. I'm black out loud. It's more than the people that they are, it's the condition that they represent.”
“I wake up like this, this sense that I've somehow been transported to an alternate universe where my life took a left instead of a right beacuse of some seeemingly insignificant yet cosmically crucial choice I've made, about a girl or a kiss or a date or a job or which Starbucks I went into...something.”
“Things go in cycles. It's like fashion, like flares go out then skinny jeans come in, people want something fresh. It's the strongest ever urban scene at the moment and I hope it can progress and keep getting stronger and be the base for something larger.”
“If we don't manage this resource, we will be left with a diet of jellyfish and plankton stew.”
“I went to church every Sunday...I understood Christmas and what Easter was about. I understood the persecution of Christ, the crucifixion of Christ, the Resurrection of Christ. I understood all that but I have to say that beyond that...for me, my knowledge after that was quite vague.”
“I can't give you a specific number today, in large part because the analysis upon which we would make that determination has not been completed. . . . I think it is fair to say there may be additional costs associated with a farming operation, but it is very difficult to quantify.”
“Today President Obama gave a major speech where he defended his handling of the economy. And there were tons of people in the audience, you know, since nobody had to be at work.”
“Man seeks to escape himself in myth, and does so by any means at his disposal. Drugs, alcohol, or lies. Unable to withdraw into himself, he disguises himself. Lies and inaccuracy give him a few moments of comfort.”

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