“The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will.Washington still hasn’t learned this. American hubris can lead the administration and Congress into a bailout solution that the rest of the world, which has to finance it, might not accept.”

"The Bitter Fruits of Deregulation," http://www.counterpunch.org/roberts09242008.html CounterPunch (2008-09-24)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The US is not a superpower. The US is a financially dependent country that foreign lenders can close down at will.Washi…" by Paul Craig Roberts?
Paul Craig Roberts photo
Paul Craig Roberts 4
American economist 1939

Related quotes

John Gray photo
Nouriel Roubini photo

“The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.”

Nouriel Roubini (1958) American economist

"RGE Conference Call on the Economic and Financial Outlook... and why the Treasury TARP bailout is flawed," http://www.rgemonitor.com/roubini-monitor/253762/rge_conference_call_on_the_economic_and_financial_outlookand_why_the_treasury_tarp_bailout_is_flawed RGE Monitor (2008-09-26).

Ben Croshaw photo
Martin Luther King, Jr. photo

“Let us therefore continue our triumphal march to the realization of the American dream…. for all of us today, the battle is in our hands… The road ahead is not altogether a smooth one. There are no broad highways that lead us easily and inevitably to quick solutions… We are still in for the season of suffering… How long? Not long. Because no lie can live forever… our God is marching on.”

Martin Luther King, Jr. (1929–1968) American clergyman, activist, and leader in the American Civil Rights Movement

Speech on the steps of the State Capitol Building, Montgomery, Alabama (25 March 1965), as transcribed from a tape recording; reported in Respectfully Quoted: A Dictionary of Quotations (1989), which states that this speech was not reported in its entirety.
1960s

Robert M. Pirsig photo
Michael Pollan photo

“Dreams of innocence are just that; they usually depend on a denial of reality that can be its own form of hubris.”

Source: The Omnivore's Dilemma: A Natural History of Four Meals

“We can accept any and all events in our existence if we believe our mothers love us. For, as I say, she was, and still is, all the world to us.”

John Diamond (doctor) (1934) Australian doctor

Source: The Veneration of Life: Through the Disease to the Soul (1999), p. 54

Charles A. Beard photo
George W. Bush photo

“I can hear you! I can hear you! The rest of the world hears you! And the people, and the people who knocked these buildings down will hear all of us soon!”

George W. Bush (1946) 43rd President of the United States

2000s, 2001, I Can Hear You, the Rest of the World Hears You (September 2001)

Related topics