A Quote by Noreena Hertz

Debt vultures are really the scum at the bottom of the pond. These are guys who buy up the debts of the world's poorest countries on the secondary market. You can go buy debts of a country like Peru, for example, at a real discount. Why? Because people think that the debts won't be repaid.

Noreena Hertz

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Because Bottom Buy Countries Country Debt Debts Discount Example For Example Go Guys Like Market People Peru Pond Poorest Real Really Scum Secondary Think Up Why World

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Noreena Hertz
English - Author
Born: September 24, 1967

Countries that need monies so that they can provide health care and education and shelter to their people shouldn't have to repay debts that we knowingly lent to bad regimes long since gone; and all illegitimate debts - debts lent to these terrible dictators like Saddam Hussein, like Suharto, like Marcos - must also be canceled.

Noreena Hertz

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

Let us run up debts. One is nobody without debts.

Muriel Spark

Though debts are condemned in the financial world, the world of friendship and love may perversely depend on well-managed debts.

Alain de Botton

Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?

Carter Glass

Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. This saves the latter from taking a loss - leaving the debtor country with debts that are even harder to annul, because they are to foreign governments and international institutions.

Michael Hudson

The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves.

Jeffrey Sachs

One way to ease liquidity for banks is that the government can buy all highly rated securities held by the banks. Every single bank in the U.A.E. has some sovereign debts in their portfolios. I am not asking them to buy any junk bonds, rather the high quality U.A.E. government debt.

Abdul Aziz Al Ghurair

We tend to focus on assets and forget about debts. Financial security requires facing up to the big picture: assets minus debts.

Suze Orman

We do not want Ukraine to default. On the contrary, we need an economically viable partner. However, debts should be paid, and this includes state and commercial debts

Dmitry Medvedev

Small debts are like small shot; they are rattling on every side, and can scarcely be escaped without a wound: great debts are like cannon; of loud noise, but little danger.

Samuel Johnson

I don't mind the government accruing debts as long as every dollar is spent effectively with a high return. That works out fine. If you accumulate debts and waste your money, that's, of course, a disaster.

Jeremy Grantham

I don't like having debts. I don't like buying anything that I can't buy in cash.

CM Punk

The time has come to end this charade. The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves. Africa should say: 'thank you very much but we need this money to meet the needs of children who are dying right now so we will put the debt servicing payments into urgent social investment in health, education, drinking water, control of AIDS and other needs.'

Jeffrey Sachs

In Heaven, there are no debts - all have been paid, one way or another - but in Hell there's nothing but debts, and a great deal of payment is exacted, though you can't ever get all paid up. You have to pay, and pay, and keep on paying. So Hell is like an infernal maxed-out credit card that multiplies the charges endlessly.

Margaret Atwood

The price decline is a result of having to pay debts. That drains income from the circular flow between production and consumption - that is, between what people are paid when they go to work, and the things that they buy.

Michael Hudson

A Quote by Noreena Hertz

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