A Quote by Michael Hudson
The result of this anti-classical revolution you had just before World War I was that today, almost all the economic growth in the last decade has gone to the One Percent. It's gone to Wall Street, to real estate.
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Big train from Memphis, now it's gone gone gone, gone gone gone. Like no one before, he let out a roar, and I just had to tag along.
Wall Street shouldn't be deregulated. I think Wall Street and Main Street need to play by the same set of rules. The middle-class can't carry the burden any longer, that is what happened in the last decade. They had to bail out Wall Street.
I made a tremendous amount of money on real estate. I'll take real
estate rather than go to Wall Street and get 2.8 percent.
I made a tremendous amount of money on real estate. I'll take real estate rather than go to Wall Street and get 2.8 percent. Forget about it.
I love this business. Here today, gone, gone tomorrow. I was real gone for a while.
Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.
When people asked me what I thought when Jerry Rubin went to Wall Street, I would say, 'I still feel palpitations of love, even if I've gone in one direction and he's gone in another.'
What a shame that Christianity had come here!If the white man had not intruded where he was not wanted, where he did not belong, even now protected by the mountains and the river,the village would have remained a last stronghold of a culture which was almost gone.Mark tried to say that no village,no culture can remain static. I have often thought that if this lively and magnificent land belongs to anyone,it's to the birds and the fish.They were here long before the first Indian and when the last man is gone from the Earth,it will be theirs again.
The global warming deniers persist in this air of unreality. After all, the entire north polar icecap, which has been there for most of the last 3 million years, is disappearing before our eyes. Forty percent is already gone. The rest is expected to go completely within the next decade. What do they think is causing this?
Some people you just had to embrace, in some way or another, had to bite into the muscle, to remain sane in their company. You needed to grab their hair and clutch it like a drowner so they would pull you into their midst. Otherwise they, walking casually down the street towards you, almost about to wave, would leap over a wall and be gone for months.
Having gone through the civil rights struggle, having gone through the anti-Vietnam War struggle, by the time I was in my 20s, I had something that the current generation doesnt have. And that is a sense of efficacy.
That Wall Street has gone down because of this is justice ... They built a castle to rip people off. Not once in all these years have I come across a person inside a big Wall Street firm who was having a crisis of conscience.
Forests are breaking out all over America. New England has more forests since the Civil War. In 1880, New York State was only 25 percent forested. Today it is more than 66 percent. In 1850, Vermont was only 35 percent forested. Now it's 76 percent forested and rising. In the south, more land is covered by forest than at any time in the last century. In 1936 a study found that 80 percent of piedmont Georgia was without trees. Today nearly 70 percent of the state is forested. In the last decade alone, America has added more than 10 million acres of forestland.
I'm not expecting a big sell-off but I do think that if we don't have a move toward economic growth and policies that will promote economic growth and get us out of this 2 percent world - we really need to see 4 percent, 5 percent - to see jobs created, and if we don't see that longer-term, yeah the market will sell-off...[but] I do think things are getting better. It's just been very slow.
If we had 3 percent growth, which is what we're trying to get to, what we're at, by the way, right now, we're trying to maintain that 3 percent growth. If we had been at 3 percent growth over the last ten years, the budget very nearly would be balanced in 2017. That's how big a difference it makes when you grow the American economy that additional 1 percent over ten years.
Sheep farming is heavily subsidized in Great Britain. Without the subsidies, the green grazing in the valley of the River Exe would be gone. The handsome agricultural landscape of which the British are so proud, carefully husbanded since Boudicca's day, would be replaced by natural growth. The most likely growth is real-estate developments.
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