A Quote by Fareed Zakaria

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

Fareed Zakaria

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Creditors Debt Power Shifts World

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Fareed Zakaria
American - Journalist
Born: January 20, 1964

The world is awash in more debt than there is money enough in the world to liquidate it.

John L. Casti

My 'awakened dreams' are about shifts. Thought shifts, reality shifts, gender shifts: one person metamorphoses into another in a world where people fly through the air, heal from mortal wounds. I am playing with my Self, I am playing with the world's soul, I am the dialogue between my Self, and el espirítu del mundo. I change myself, I change the world.

Gloria E. Anzaldúa

The bank's product is debt, because the banks want to make sure that they can get paid for the debt. But ultimately the only party that can pay the debt is the government, because it runs the printing presses. So the debts ultimately either are paid by the government, or they're paid by a huge transfer of property from debtors to creditors - or, the debts are written off.

Michael Hudson

The man who avoids debt doesn't have to worry about avoiding his creditors.

Evan Esar

You really don't need to hire a debt settlement company to negotiate with your creditors.

Jean Chatzky

Yes, it is long past time we get serious about tackling the nation's ever-growing deficits. But the average American family drawn into serious debt cannot just threaten to stiff its creditors. It must cut its spending in the future, but also take responsibility for the debt incurred in the past.

Peter Welch

I hope that the United States would cooperate with the partners to reduce its debt. The debt is a problem. The debt is with you, but unfortunately, the debt is not only with you but with us and with the rest of the world because we all, one way or another, are dependent on the dollar.

Sergei Lavrov

We prefer an orderly resolution to the debt crisis and we're moving in that direction. But the most important thing is that the deal we reach with creditors is sustainable.

Alberto Fernandez

We've turned the post-war economy that made America prosperous and rich inside out. Somehow most people believed they could get rich by going into debt to borrow assets that were going to rise in price. But you can't get rich, ultimately, by going into debt. In the end the creditors always win.

Michael Hudson

Garnishments tend to happen when people hide from their debts and stop making even minimum payments. Eventually, creditors sell the debt to a collection agency.

Jean Chatzky

We are living through one of the most fundamental shifts in history- a change in the actual belief structure of Western society. No economic, political, or military power can compare with the power of a change of mind. By deliberately changing their images of reality, people are changing the world.

Willis Harman

The primary factor that enables our government to peddle economic snake oil is the dollar's unique role as the world's reserve currency, and our creditors' willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians cart blanche to play Santa Claus.

Peter Schiff

Be modest in your wants...There is nothing that will cause greater tensions in marriage than grinding debt, which will make of you a slave to your creditors.

Gordon B. Hinckley

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.

Tyler Cowen

We are awash in the revealed world.

Anna Quindlen

If the World Bank does not alter its shareholding structure to reflect the shifts in global distribution of income and economic power, its role may get marginalised as regional institutions fill the vacuum.

Sanjaya Baru

A Quote by Fareed Zakaria

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