“Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933.” AmericaMoneyMajorsStandardsGoldFinancialPanic1930sGold Standard Author:Paul Krugman
“There is, literally and figuratively, not a gold standard. That's almost as big a problem in art as in the financial world. How do you affix a value to something that only has value because a certain number of people agree to believe in that value?” PeopleWorldBelieveArtProblemBigsCertainValuesNumbersStandardsGoldAgreeFinancialGold Standard Author:John Currin
“Your financial cost can best be figured out when you realize that if you were to devote the same time and energy to business instead of gold, you would be a millionaire in approximately six weeks.” IfsWould BeEnergyRealizingWeekCostSixGoldFinancialMillionaireTime And Energy Author:Buddy Hackett
“No one looks for pots of gold, it just happens. Sure, some people are born with an incredible financial ability, and some people are natural salesmen, but creating a business, driving a venture, mobilizing an army, is not something you are born to do - it just happens, by accident.” PeopleLooksHappensBornNaturalAbilityCreatingGoldArmyIncrediblesFinancialAccidentsDrivingPotVentureSalesmanPot Of Gold Author:Ronnie Apteker
“I mean, we've always had gold bugs, but now we sort of realize that Treasure Bills might be in the same category. And we have derivatives like credit default swaps which are in this category, and we have derivatives like volatilities that are actually an asset class that we can invest in which are now - would out perform if we have another financial crisis.” IfsMeanMightRealizingClassGoldCrisisBillsFinancialCreditTreasureAssetsCategoriesBugsDefaultFinancial CrisisDerivativesVolatilityCredit Default Swap Author:Robert F. Engle
“The reason we need to have a gold and silver based currency is to bring discipline to the financial system so the government can't go out and do all sorts of bad things.” NeedsReasonGovernmentDisciplineGoldFinancialSilverBad ThingsCurrencyGold And SilverFinancial System Author:Bernard von NotHaus
“Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called "good as gold"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.” IfsWorldWayGovernmentCareLawOrderEffectsSecurityWillingDependsRepublicanGoldBasesWingsFinancialInternationalFinanceHealth CareDepartmentSevereCredibilityRight WingTreasuryReactionariesFinancial SystemValuelessUs Treasury Author:Noam Chomsky
“When I was on tour, people would say "We don't need a value-based currency, we can go out and buy gold and silver with US dollars now." I mean that it is so utterly brain dead, because they miss the whole point: the reason we need to have a gold and silver based currency is to bring discipline to the financial system so the government can't go out and do all sorts of bad things.” PeopleNeedsMeanReasonWholeGovernmentValuesBrainMissingDisciplineGoldDollarsFinancialSilverBad ThingsCurrencyGold And SilverFinancial SystemBrain Dead Author:Bernard von NotHaus
“A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.” MayMeanValuesThreeTermWealthPayGoldAccountsFunctionFinancialStoresGoodsAssetsProvidingCurrencyUnitsPaymentGroceriesGoods And Services Author:Nouriel Roubini
“The history of paper money is an account of abuse, mismanagement, and financial disaster.” PaperGoldAbuseAccountsFinancialDisasterPaper MoneyMismanagementBuying Gold Author:Richard Ebeling
“Civilization can only revive when there shall come into being in a number of individuals a new tone of mind independent of the one prevalent among the crowd and in opposition to it. A new public opinion must be created privately and unobtrusively. The existing one is maintained by the press, by propaganda, by organization, and by financial influences which are at its disposal. The unnatural way of spreading ideas must be opposed by the natural one, which goes from man to man and relies solely on the truth of the thoughts and the hearer's receptiveness of new truth.” MenWayMindIdeasIndividualNaturalNumbersOpinionInfluenceCivilizationGoldOrganizationIndependentPressesFinancialCrowdsPropagandaToneRelyOppositionPublic OpinionUnnaturalRevive Author:Albert Schweitzer