A Quote by Paul Hawken
We have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.
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We have an economy that tells us that it is cheaper to destroy Earth in real time rather than renew, restore, and sustain it.
You can print money to bail out a bank, but you can't print life to bail out a planet.
The government, of course, will print money to bail out the banks' uncovered casino bets, but not to bail out the elderly from the theft of their funds.
At the base of the Fed pyramid, and therefore of the bank system's creation of "money" in the sense of deposits, is the Fed's power to print legal tender money. But the Fed tries its best not to print cash but rather to "print" or create demand deposits, checking deposits, out of thin air, since its demand deposits constitute the reserves on top of which the commercial banks can pyramid a multiple creation of bank deposits, or "checkbook money."
My mother always taught me that two wrongs don't make a right. We shouldn't bail out Wall Street. We shouldn't bail out Detroit. It will cost the economy more than the cost of the bailout which is more than the politicians think. We'll run into the hundred of millions to prop these companies up.
I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.
've had good friends who got married after they've been together for years and they've said that it was the "next step" for them. Or, they've said, "You just can't bail out anymore." And I've wondered, What made you think you could just bail out before [the wedding]? You don't invest that kind of time and energy with somebody and then just go, "All right, see you later."
I feel like the Earth is a re-print of a re-print of a print of a re-print.
If bankers can push the loans and make more profits for the bank, they get paid higher bonuses. They often also get stock options. If the bank goes under, they get to keep all of these salaries and options - and the government will bail out the bank. These guys will take their money and run, which is pretty much what they're doing now.
We print money. The people that print the money is actually us. The government of the United States of America. By its very nature, we control that, and this system is there as representation of us.
If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich
Well, it wasn't really a decision on my part although you always hope as an author that a book that goes out of print somehow winds up back in print. These days publishers like to put out-of-print books into e-book form, but I really wanted to do an update.
Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland.
One of my younger homies, he went to jail, and some people came to me and were like, "Bail him out," and I said no. Why would I bail him out? He's going to prison. Let him sit and get some time served. You want to be crazy, but you don't want to go to jail. You want to shoot people, but you don't want to kill people. That's such a misleading thing.
3D printers give us what we've all been craving: another reason to talk to technical support. When you finally get the thing working, though, you'll be able to print out your grocery list as a cube! When you look up directions online, you can print the map out on a globe!
What we collectively decide about how to bail out our economy, how to pull our economy out of a ditch and what rules we put in place to make sure this problem does not happen again, will shape our country for the next 50 years. This is it.
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