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Quotes about Financial Crisis from the world's top natural health / natural living authors

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"From the newspaper report, the woman appeared to be headed toward a financial crisis. Homeownership, she believed, would bail her out. She told the paper that she intended to use her equity to pay down her credit card debt! More of the Times article: "I have $40,000 in student loans from my master's degree," she said. "I have high credit card debt. I'm a typical American. And yet they wanted to give me more debt to buy a house." "If you're like me, you're so incredulous that anyone would give you any money whatsoever, you just close your eyes and sign the papers. ..." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.)

"For example, the Asian financial crisis of 1997-98 was described in these terms, as due to the confluence of a number of independent factors: a drop in confidence among foreign investors in the Asian economies, an exchange rate crisis, a banking crisis, a stock market decline, and crises of revealed government corruption. These separate crises fed on each other; they were not independent factors in causing the ultimate financial meltdown." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.) "These financial crisis stories illustrate the complicated factors that sometimes capture the attention of economic and financial analysts. Each of them may seem to be "the" technical story that explains events. Discussions may focus on these factors and pull attention away from the large changes in public opinion that are reflected in speculative prices. Therefore the underlying story of investors overreacting to news and of the feedback of price increases leading to further price increases often tends to get lost." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.) "In all of these countries, the stock market was already down from its peak by December 1996, before there was any hint of the Asian financial crisis. It appears that the collapse of a speculative bubble in these countries preceded the crisis and was part of the ambience that produced the crisis. Yet when the crisis finally came, the stock market stories, as well as stories of public confidence, appeared only vaguely in the background, as attention centered on changes in currency exchange rates, the sudden withdrawal of foreign investors, banking problems, inflation, and labor difficulties." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.) "The Asian financial crisis of 1997-98 was also much more than a stock market crisis. It included exchange rate and banking crises, and again these tended to attract the attention of analysts. But, as can be seen from Table 7.3, the Asian crisis was preceded by a good number of the largest five-year price increases, and these came substantially before the exchange rate and banking crises. Japan had had a 275.6% five-year real stock price increase from August 1982 to August 1987; Hong Kong a 230.9% stock price increase from October 1982 to October 1987; Korea a 518." - Brian Fagan, Floods, Famines, and Emperors: El Nino and the Fate of Civilizations (Get the book.)

"As I documented in Toxic Psychiatry (1991), the American Psychiatric Association made a pact with the drug companies in the early 1970s when the association was in financial crisis. Despite one ethical dissenter, the board of directors of the association voted to start taking huge amounts of money from the drug companies in order to stave off bankruptcy, in return for which the association surrendered its soul to the pharmaceutical industry." - Peter Breggin, Medication Madness: A Psychiatrist Exposes the Dangers of Mood-Altering Medications (Get the book.)

"Argentina's power companies produce no more juice now than they did before the financial crisis, while electricity consumption has increased 24 percent. As demand increases, the government will be forced to allow prices to rise to draw in additional investment. Steve Sjuggerud recommends an Argentine real estate conglomerate, publicly traded on New York's NASDAQ. It is the largest rural landowner in Argentina and has little debt. He believes it will rise in price along with the food it produces—fitting in with our general view that soft commodities are going to go up for years to come." - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)

"Just as no small number of banks or brokers will be forced to shut their doors because of fraud, mismanagement, or the fallout from a burgeoning financial crisis, firms that engage in the safekeeping of personal valuables or precious metal investments could also close down abruptly or be affected by government confiscation. When it comes to the number of points of contact with an organization, more will invariably be better than less." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.) "Eventually, that revelation will spur widespread credit downgrades, leave many municipalities cut off from financing, force drastic budget cuts, and trigger an ultimately unsustainable push for higher taxes that will only add to the fallout from other catastrophes, including a rapidly deflating credit bubble, a systemic financial crisis, a collapsing economy, and an imploding derivatives market. By then, the dangers that a few observers had foreseen—which were discounted, misunderstood, or overlooked—will be the only thing that growing numbers of Americans will be able to think about." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)

"The masses have been so brainwashed with misinformation that this lurking financial crisis doesn't seem to be their immediate concern. In 2004, there were already 36 million statin candidates in the U.S., with 16 million using LIPITOR alone. When the official LDL target level drops to 70, another 5 million people will be eligible for their use. At the consumer markup price of $272.37 and an actual cost of $5.80 for a month supply of LIPITOR, you can understand the incentive that the pharmaceutical industry has to push their products and make them a mass commodity. What Statins May do to You!" - Andreas Moritz, Timeless Secrets of Health & Rejuvenation: Unleash The Natural Healing Power That Lies Dormant Within You (Get the book.)

"In times of financial crisis, the way renters steward the land is almost always determined by price and market values, not by what is best for the long-term sustainability of soil, habitat, water, or other resources. Consequently, our soil, water, and rural communities are suffering under the weight of long-term land abuse and corporate control of most commodities. We have been losing our farming base for the last one hundred years. The average age of today's farmer is fifty-nine." - Will Allen, The War on Bugs (Get the book.)

"Meanwhile, newfound transparency in the wake of the unfolding financial crisis will expose a scale of fraud, corruption, and self-dealing that many will find almost impossible to comprehend. Day in and day out, reports will surface about hidden losses, false accounting, inflated appraisals, sizable off-balance-sheet obligations, valuation discrepancies, unregulated offshore entities, phantom profits, insider trading, and businesses bled dry to enrich a few individuals at the expense of employees, investors, bankers, and bondholders." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)

"In less than a decade, the surpluses were squandered and the nation was already suffering its first financial crisis of the postwar period. There would be many more. Argentines have their own opinions about what went wrong. And, when the most recent crisis hit in 2001, they voiced them in the press.21 "People are dying because there is no food," wrote one. "People are dying and are going to die because of lack of treatment for common illnesses: asthma, heart attacks, malnutrition, etc. We owe that to corruption." - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)

"With Americans more interested in their personal health than ever before, and our national health care system in both functional and financial crisis, what is preventing scientists, government leaders, and the general public from immediately adopting these proven techniques from the ancient ayurvedic tradition? This book is written with the intention of putting a stop to the free radical destruction of individual health and national budgets. From this perspective, these questions are important. It is pointless for scientists to make significant discoveries if they are not put to use." - Hari Sharma, Freedom from Disease: How to Control Free Radicals, a Major Cause of Aging and Disease (Get the book.)

"Still, today, we cross the wide River Plata not to offer advice, but to seek it, for we sense a financial crisis coming here to the norte americanos. And who knows more about how to survive it than the gauchos down south? So, let us back up to a more benign period in Argentine history when the country was so blessed by nature that people lived as happily as Gott im Frankreich until the 1930s. Before World War II, Argentina exported beef and farm products the way France now exports champagne and petits fours." - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.) "Faced with a financial crisis, a central banker's first duty is to run to the monetary valves and open them. This I did in 1987. But I was new to the job and didn't open them enough. The U.S. economy lagged its rivals in Europe for several years. My old boss—George Bush, the elder—lost his bid for reelection in 1992 and blamed it on me. I resolved never to make that mistake again. Even thereafter, when faced with a slew of shocks, crises, and elections, I made sure that every valve, throttle, switch, and sluice gate was wide open. But it was on December 5, 1996, that I had my first epiphany." - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)

"Yet national health care insurance is in a deep financial crisis.67 In 1980, the nation's health care costs were $245 billion ?an average of $1,066 for each American. In 2001, the total health care bill is $1.4 trillion. This is an average of $5,035 for each American. If this trend holds, in 8 years from now, the total cost will reach over $2.8 trillion. The health care chief of the nation has said recently: "We cannot afford this escalating cost."68 A disease-care and crisis-oriented system, no matter how advanced, risks becoming so expensive in the future that few will be able to afford it." - APC Books, Healing Our Planet, Healing Our Selves: The Power of change Within to Change the World (Get the book.)

"We perceive a situation as requiring our immediate attention—a young child stepping into the road, a car driving too close to us, a hostile reaction from a colleague, a financial crisis, an impossible deadline. Rapid signals stimulate the adrenal glands to produce adrenaline. Within seconds, your heart is pounding, your breathing changes, stores of glucose 255 are released into the blood, the muscles tense, the eyes dilate, even the blood thickens. You are ready for fight or flight—the average adrenaline rush of a commuter stuck in a traffic jam is enough to keep her running for a mile." - Patrick Holford, The New Optimum Nutrition Bible (Get the book.)

"The Federal Reserve The grim reality that the federal government had to call upon a private citizen to solve a national financial crisis led to the passage of the Federal Reserve Act in 1913. It created the Federal Reserve Board, which later became the Federal Reserve System, commonly called the Fed. The system, which is one of the most powerful institutions in America, consists of a board of governors and 12 regional reserve banks. The Fed regulates the money supply by buying and selling federal notes." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.) "The worst financial crisis of the 19th century began in 1873, when heavy speculation in securities and the failure of Jay Cooke's banking house toppled business after business, forced the NYSE to close for 10 days, and triggered a six-year depression. In 1893, a series of railroad bankruptcies caused hundreds of banks to fail, thousands of companies to shut down, and widespread unemployment to persist for the next four years. Securities regulation Amid the boom-and-bust cycles, a host of innovations brought tighter regulation and improved efficiency to the securities markets." - The New York Times, The New York Times Guide to Essential Knowledge: A Desk Reference for the Curious Mind (Get the book.)

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