A Quote by Wilbur Ross
To me, the most terrifying form of warfare would be if there was some simultaneous cyber attack on our grid, on the banking system, and on our transportation system. That would be quite a devastating thing, and yet in theory, absent some real protective measures, that could happen.
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They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems.
I've got this theory that human beings are innately religious; we have a belief system. It doesn't have to be a theist form, necessarily. But we need a belief system, some framework on which to hang our behavior.
With a traditional human resources system, we would work with a company, select the product, customise and implement the system, and our job would be over. Some companies are changing and asking why do they need to own the HR system when they can connect to an Internet service and pay as you go?
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
The vast numbers of people who suffer some kind of mental illness under capitalism can either think, 'there is some failing with me, if only I could fit into this system better, if only I were working harder, if only I could enjoy these empty pleasures more, then things would be OK' or 'the problem is with the system that is making me ill.'
Repeal the entire Banking Act of 1933, and Austrian School economists will cheer, especially if the current system were replaced by a 100%-reserve competitive banking with no central bank. That banking reform would give us a sound money system, meaning no more business cycle, bailouts, or inflation.
... we find ourselves facing a rising tide of biologically active, synthetic organic chemicals. Some tinker with our hormones. Some attach themselves to our chromosomes and trigger mutations. Some cripple the immune system. Some light up our genes and so enhance the production of certain enzymes. If we could metabolize these chemicals into completely benign breakdown products and excrete them, they would pose less of a hazard. Instead, a good many of them accumulate.
Our system of government, our form of democracy, would not work for China, just like China's system would not work for us.
I think basic disease care access and basic access to health care is a human right. If we need a constitutional amendment to put it in the Bill of Rights, then that's what we ought to do. Nobody with a conscience would leave the victim of a shark attack to bleed while we figure out whether or not they could pay for care. That tells us that at some level, health care access is a basic human right. Our system should be aligned so that our policies match our morality. Then within that system where everybody has access, we need to incentivize prevention, both for the patient and the provider.
In the U.S. more than any other place, the banking system is insane. Millions of Americans lost their houses. Because of what? Because of the banking system. This American banking system is also coming to Europe. We can say today that the banks and high financiers run the world.
One of my first directives, after taking office, will be asking the Joint Chiefs of Staff and all relevant federal departments to conduct a thorough review of United States cyber defenses and identify all vulnerabilities - and we have to do that immediately - including to our power grid, our communications system, and all vital infrastructure.
A major attack on our cyber systems could shut down our critical infrastructure - financial systems, communications systems, electric grids, power plants, water treatment centers, transportation systems and refineries - that allows us to run our economy and protect the safety of Americans.
What we need is a system of thought - you might even call it a religion - that can bind humans together. A system that would fit the Republic of Chad as well as the United States: a system that would supply our idealistic young people with something to believe in.
I've got to say our banking system is a safe and a sound one. And since the days when we've had federal deposit insurance in place, we haven't had a depositor who's got less than $100,000 in an account lose a penny. So the American people can be very, very confident about their accounts in our banking system.
The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. [...] Everybody seems to think it is a free and clear open checkbook. It's not. [...] The banking system in China is extremely fragile.
The Chinese banking system is built on quicksand and that's the one thing a lot of people don't realize. Everybody seems to think it is a free and clear open checkbook. It's not. The banking system in China is extremely fragile.
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