Don't ask the world to change. . . . you change first.
No price is too high to pay to try to make the financial system go on a little bit longer. But ultimately it can't be saved, because of the mathematics that are involved.
We go forward with our heads held high, but look back and remember where we come from.
What do the 5%, or the 1% actually use their money for? They lend it back to the economy at large, they load it down with debt. They make their money by lending to the bottom 95%, or the bottom 99%. When you give them more after-tax income, it enables them to buy even more control of government, even more control of election campaigns. They're not going to spend this money back into the goods-and-services economy.
The one sure mark of a con, though, is the promise of free money.
So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt. [. . . ] The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor.
Making the 'An Idiot Abroad' series, I was really dreading going to India; I thought I'd hate it. It was a nightmare, and I was really ill - just like everyone says.
Thomas Hardy's Tess of the d'Urbervilles is a novel that I have read over and over and over again. Tess is a pure child who has an inner glow none of the others in the book possess. They reject her because she is different, and they try in every possible manner to destroy her, because they are jealous. It is an extraordinary love story.
Strange the affection which clings to inanimate objects - objects which cannot even know our love! But it is not return that constitutes the strength of an attachment.
Strategically, a major function of the CEO is to look for bad news and encourage the organization to respond to it. Employees must be encouraged to share bad news as much as good news.