Borrowing Quote by Michael Hudson

The IMF acts as the collection agent for global bondholders. Its projections begin by assuming that all debts can be paid, if economies will…

— Michael Hudson

We're at the end of long cycle that began in 1945, loading the economy with debt. We're not going to be able to get…

— Michael Hudson

No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no…

— Thomas Paine

“There has been much talk about the alleged exploitation of the debtor nations by the creditor nations. But if the concept of exploitation is…

— Ludwig von Mises

“To enable lending to proceed when the IMF’s sustainability criteria were not met, its bureaucrats designed the “systemic risk waiver.” It was a model…

— Michael Hudson

At some point the Japanese, Chinese and Saudi buyers of US and European Government bonds will see just what miserable value they offer. Then…

— Luke Johnson

At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union,…

— Angela Merkel

From my point of view it's impossible to cut debt in a country with new debt from another country.

— Iveta Radicova

We're in a chronic debt-deflation. There's no way we can recover unless you write down the debts. And that's what the IMF basically is…

— Michael Hudson

You have countries that have lived beyond their means, with bloated governments, huge trade deficits, and people living off the government. Then you have…

— Peter Schiff

No country can be complacent in making sure that excessive debt of the household doesn't create excesses and weaknesses in the financial system. Everything…

— Nouriel Roubini

As you know, the United States has been a net debtor to the world each year since 1976, I believe. We've put a huge…

— Porter Stansberry