A Quote by Paul Craig Roberts
When America's creditors consider our behavior they see total fiscal irresponsibility. They see a deluded country that acts as if it is a privilege for foreigners to lend to it, and a deluded country that believes that foreigners will continue to accumulate US debt until the end of time. The fact of the matter is that the US is bankrupt.
Related Quotes
The importation of foreigners into a country that has as many inhabitants as the present employments and provisions for subsistence will bear, will be in the end no increase of people, unless the new comers have more industry and frugality than the natives, and then they will provide more subsistence, and increase in the country; but they will gradually eat the natives out. Nor is it necessary to bring in foreigners to fill up any occasional vacancy in a country for such vacancy will soon be filled by natural generation.
The simple fact is this: they are foreigners inside a country which has rejected them. Therefore, these foreigners wherever they go or travel they will be rained down with bullets from everyone. Attacks by members of the resistance will only go up.
But, actually, it is only Americans who say that our freedoms and prosperity are the reason foreigners hate us. If you ask the foreigners, they make it clear that it's America's bullying foreign policy they detest.
The people of America, are not fearful of foreigners, because most of us were once foreigners.
We are mortgaging ourselves to foreigners on a scale that would make George Washington cry. Every day - every single day - we borrow a billion dollars from foreigners to buy petroleum from abroad, often from countries that hate us. We are the beggars of the world, financing our lavish lifestyle by selling our family heirlooms and by enslaving our progeny with the need to service the debt.
The people of this country are too tolerant. There's no other country in the world where they'd allow it... After all we built up this country and then we allow a lot of foreigners, the scum of Europe, the offscourings of Polish ghettos to come and run it for us.
Koreans are worried about the Japanese right-wing people, who tend to be against foreigners. But the Koreans in Japan aren't even foreigners. They are essentially culturally Japanese. If a family has lived in Japan for three generations, it's absurd to see them as foreigners.
The ends do not justify the means. If our actions will bring harm to others, even in the service of some 'good,' they are almost certainly deluded. If our actions do not come from a kind heart, from loving courage and compassion, they are deluded. If they are based on a distinction between 'us' and 'them,' they stem from delusion. Only to the extent that we act from the wisdom of no separation, understanding how we are woven together, will our intention bring benefit.
For nearly a century and a half, this country deluded itself into thinking that its greatest calamity, the Civil War, had nothing to do with one of its greatest sins, enslavement. It deluded itself in this manner despite available evidence to the contrary.
Dictatorial regimes often manage to keep themselves in power because they are recognized by foreigners as representing the state and its people, and therefore as entitled to sell the country's natural resources and to borrow money in its people's name. These privileges conferred by foreigners keep autocrats in power despite the fact that they were not elected and do not rule in the interest of the population.
Big Data allows us to see patterns we have never seen before. This will clearly show us interdependence and connections that will lead to a new way of looking at everything. It will let us see the ‘real-time’ cause and effect of our actions. What we buy, eat, donate, and throw away will be visual in a real-time map to see the ripple effect of our actions. That could only lead to mores-conscious behavior.
Ironically, the universities have trained hundreds of thousands of graduates for jobs that soon will not exist. They have trained people to maintain a structure that cannot be maintained. The elite...know only how to feed the beast until it dies. Once it is dead, they will be helpless. Don't expect them to save us. They don't know how....and when it all collapses, when our rotten financial system with its trillions in worthless assets implodes and our imperial wars end in humiliation and defeat, the power elite will be exposed as being as helpless, and as self-deluded as the rest of us
What is there to see in Europe? I'll bet those foreigners can't show us a thing we haven't got right here in Georgia.
There are real possibilities of reaching many of the Trump voters: many of them in fact voted for Obama, believing his rhetoric about "change," and upon realizing that they were deluded, have turned to Trump. And will find that they are again deluded. That's an opportunity that can be grasped, by organizing, education, activism right now.
Until we begin to discover the national values that for centuries have allowed us to rise above our natures and act as civilized men and women, our country will continue to suffer the steady deterioration in standards that disturbs us all.
America has had to turn to foreigners to finance its debt - not surprising since household saving in the last years has plummeted to zero. China is one of the largest holders of American debt.
Related Authors
Adam Smith Quotes
Scottish
Economist
Alan Greenspan Quotes
American
Economist
Benjamin Graham Quotes
American
Economist
Friedrich August von Hayek Quotes
Austrian
Economist
John Kenneth Galbraith Quotes
American
Economist
John Maynard Keynes Quotes
English
Economist
Joseph Stiglitz Quotes
American
Economist
Ludwig von Mises Quotes
Austrian
Economist
Milton Friedman Quotes
American
Economist
Muhammad Yunus Quotes
Bangladeshi
Economist
Murray Rothbard Quotes
American
Economist
Paul Krugman Quotes
American
Economist
Richard Thaler Quotes
American
Economist
Robert Reich Quotes
American
Economist
Thomas Sowell Quotes
American
Economist
Walter E. Williams Quotes
American
Economist