A Quote by Michael Hudson
There really isn't a recovery, and no signs of it on the horizon, because people have to pay the banks. It's a vicious circle - or rather, a downward spiral.
Related Quotes
The spiral is a spiritualized circle. In the spiral form, the circle, uncoiled, has ceased to be vicious; it has been set free.
The only perfect circle on the human body is the eye. When a baby is born it's so perfect, but when it opens its eyes it's just blinded by the corruption and everything else is a downward spiral.
Fear stifles our thinking and actions. It creates indecisiveness that results in stagnation. I have known talented people who procrastinate indefinitely rather than risk failure. Lost opportunities cause erosion of confidence, and the downward spiral begins.
Short term, the most important thing is to put people back to work ... If they're working, that means they're paying taxes, that means that they're buying goods and services - and the economy, instead of being on a downward spiral, starts back up on an upward spiral.
People get into debt head over heels because banks make it so easy to do so. Then the banks come along and act like these people who can't or won't pay their bills are the dregs of society.
So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations
that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
Loneliness can become a downward spiral.
Let's stop this American downward spiral.
Being against other people's policies eventually puts you in a downward spiral. It's fine to be principled and oppose views that you don't agree with, but you also have to have an alternative.
The vicious circle has been shattered. Canadians now enjoy the benefits of the virtuous circle.
So we see that even when Fortuna spins us downward, the wheel sometimes halts for a moment and we find ourselves in a good, small cycle within a larger bad cycle. The universe, of course, is based upon the principle of the circle within the circle. At the moment, I am in an inner circle. Of course, smaller circles within this circle are also possible.
The more people rationalize cheating, the more it becomes a culture of dishonesty. And that can become a vicious, downward cycle. Because suddenly, if everyone else is cheating, you feel a need to cheat, too.
Stress is a downward spiral, and you can only overcome it with a positive perspective.
People have to pay so much money to the banks that they don't have enough money to buy the goods and services they produce. So there's not much new investment, there's not new employment (except minimum-wage "service" jobs), markets are shrinking, and people are defaulting. So many companies can't pay their banks.
What happens at the Fed, what Janet Yellen and the other people decide there, what happens in central banks in other parts of the world is very important. This can make the difference between a high unemployment rate, a slow recovery or a more rapid recovery.
The downward spiral of Dumbness in America is about to hit a new low.
Related Authors
Allen W. Wood Quotes
American
Professor
Clayton Christensen Quotes
American
Professor
Glenn Reynolds Quotes
American
Professor
Gordon S. Wood Quotes
American
Professor
Helene Cixous Quotes
French
Professor
Jeffrey Pfeffer Quotes
American
Professor
Jerry A. Coyne Quotes
American
Professor
Richard A. Falk Quotes
American
Professor
Robert S. Kaplan Quotes
American
Professor
Ruth Simmons Quotes
American
Professor
Seyyed Hossein Nasr Quotes
Iranian
Professor