[Goldman Sachs] is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth — pure profit for rich individuals.
They achieve this using the same playbook over and over again. The formula is relatively simple: Goldman positions itself in the middle of a speculative bubble, selling investments they know are crap. Then they hoover up vast sums from the middle and lower floors of society with the aid of a crippled and corrupt state that allows it to rewrite the rules in exchange for the relative pennies the bank throws at political patronage. Finally, when it all goes bust, leaving millions of ordinary citizens broke and starving, they begin the entire process over again, riding in to rescue us all by lending us back our own money at interest, selling themselves as men above greed, just a bunch of really smart guys keeping the wheels greased. They’ve been pulling this same stunt over and over since the 1920s."
"China has accomplished a remarkable feat in transforming itself from one of the poorest countries in the world into the second largest economy in just thirty years."
"The study of economics is vital to understand the society around you. Whether you like it or not economic decisions are all around you and impact on you as a consumer (the prices and availability of products), an employee (what work is available and what you are paid), and as a taxpayer (how much you pay and what it is used for)."
"Make a password into a goal of yours so you constantly have to be reminded of it."