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— Nouriel Roubini"You have to eventually nationalize US banks, you have to take the problem by the horns. In my view actually most of the US banking system is insolvent."
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You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.
— Michael Hudson
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The collapse of the world's banking system and the impending disaster of accelerating climate change are not separate phenomena. They are simply the most visible symptoms of a particular model of capitalism that will bring civilisation to its knees. But those symptoms will not get sorted unless and until we commit to a radical transformation of the way we create and distribute wealth in the world today
— Jonathon Porritt
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