A Quote by Marcus Tullius Cicero
If some lose their whole fortunes, they will drag many more down with them . . . believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If Those revenues are destroyed, our whole system of credit will come down with a crash.
Related Quotes
If we are looking for one single action which will enable the poor to overcome their poverty, I would go for credit. Money is power. I have been arguing that credit should be accepted as a human right. If we can come up with a system which allows everybody access to credit while ensuring excellent repayment - I can give you a guarantee that poverty will not last long.
When your whole system, your whole civilized system goes down, this is pretty much what you get left with. We have no communications, no running water, no electricity, no real help.
The whole Chinese system - not just the political leadership, the military too, the whole power structure, our education system, the whole of society - is suffering from being cut off from the free flow of information. That's why the country can't face up to open competition - unless it resorts to measures like North Korea.
The smaller man approaching our modern banking system, which controls all issue of credit and therefore pretty well all our industrial and commercial activities, is not what the controllers of that credit call "interesting." He borrows with difficulty and upon high terms, and must pledge security out of all proportion to that which his richer rival has to put down.
What we've underestimated is the systemic risk that that very finely tuned system of specialization exposes us to. And so I think we will start to ask whether there are ways that we could build some more robustness into our whole system.
In no system which shows mental characteristics can any part have unilateral control over the whole. In other words, the mental characteristics of the system are imminent, not in some part, but in the system as a whole.
Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.
If the system breaks down the consequences will still be very painful. But the bigger the system grows the more disastrous the results of its breakdown will be, so if it is to break down it had best break down sooner rather than later.
What great philosophers do for us is not to hand out such an all-purpose system. It is to light up and clarify some special aspect of life, to supply conceptual tools which will do a certain necessary kind of work. Wide though that area of work may be, it is never the whole, and all ideas lose their proper power when they are used out of their appropriate context. That is why one great philosopher does not necessarily displace another, why there is room for all of them and a great many more whom we do not have yet.
Few tears will be shed over the demise of the East German army, but what about East Germany’s eighty symphony orchestras, bound to lose some subsidies? Or the whole East German system, which covered everyone in a security blanket from day care to health care, from housing to education? Some people are beginning to express, if ever so slightly, nostalgia for that Berlin Wall.
It isn't that some gay will get some rights. It's that everyone else in our state will lose rights. For instance, parents will lose the right to protect and direct the upbringing of their children. Because our K-12 public school system, of which ninety per cent of all youth are in the public school system, they will be required to learn that homosexuality is normal, equal and perhaps you should try it. And that will occur immediately, that all schools will begin teaching homosexuality.
It is the people who constitute the basis of Government credit. Why then cannot the people have benefit of their own gilt-edge credit by receiving non-interest bearing currency-instead of bankers receiving the benefit of the people's credit in interest-bearing bonds. If the United States Government will adopt this policy of increasing its national wealth without contributing to the interest collector-for the whole national debt is made up on interest charges-then you will see an era of progress and prosperity in this country such as could never have come otherwise.
Because the American credit reporting system relies on both good and bad reports of creditworthiness, a consumer must have some kind of credit - not just the absence of bad credit.
You wouldn't want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to avoid default on either debt or social welfare promises. How they will increase those revenues, I can't predict.
Our first benchmark is to cut the deficit more quickly to safeguard Britain’s credit rating. I know that we are taking a political gamble to set this up as a measure of success. Protecting the credit rating will not be easy The pace of fiscal consolidation will be co-ordinated with monetary policy. And we will protect Britain's credit rating and international reputation.
A whole woman will always attract a whole man. And when they touch, they will fuse to create a whole marriage. Ultimately, when the time is right, they will produce whole children.
Related Authors
Angela Merkel Quotes
German
Statesman
Bashar al-Assad Quotes
Syrian
Statesman
Colin Powell Quotes
American
Statesman
Condoleezza Rice Quotes
American
Statesman
Edmund Burke Quotes
Irish
Statesman
Fidel Castro Quotes
Cuban
Statesman
Francois Hollande Quotes
French
Statesman
Indira Gandhi Quotes
Indian
Statesman
Kofi Annan Quotes
Ghanaian
Statesman
Lucius Annaeus Seneca Quotes
Roman
Statesman
Madeleine Albright Quotes
American
Statesman
Napoleon Bonaparte Quotes
French
Statesman
Nelson Mandela Quotes
South African
Statesman
Thabo Mbeki Quotes
South African
Statesman
Tony Blair Quotes
English
Statesman
Winston Churchill Quotes
British
Statesman