“When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue.” CountryValuesIssuesGoldPaidNotesChecksGoodsCommodityCertificatesPurchasers Book:Tragedy and Hope: A History of the World in Our Time Source: Tragedy and Hope: A History of the World in Our Time
“Beliefs constitute the basic stratum, that which lies deepest, in the architecture of our life. By them we live, and by the same token we rarely think of them.... One may symbolize the individual life as a bank of issue. The bank lives on the credit of a gold reserve which is rarely seen, which lies at the bottom of metal coffers hidden in the vaults of the building. The most elementary caution will suggest that from time to time the effective condition of these guaranties--of these credences, one might say, that are the basis of credit--be passed in review.” ThinkingMayMightLyingIndividualBeliefIssuesOur LivesConditionsBuildingGoldBasesBottomCreditArchitectureReviewsMetalsReservesCautionTokensVaultsIndividual LifeCredence Author:Jose Ortega y Gasset
“Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.” StatesShowsSeemsPurposeIssuesOughtPaperGoldNotesChecksObligationCoinsPaper MoneyAll StateGold Coins Author:David Ricardo
“This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.” ThinkingLongFactsEconomyIssuesPercentEuropeGoldOilReformGasEfficientCurrencyReservesDependenceEvidentPragmaticEuroOverdueOil And Gas Author:Vladimir Putin
“All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.” IfsStillsDifficultIssuesGoldReactionsSellingRelatedRegulationCurrencyReservesCentral BanksPurchasing Author:Vladimir Putin
“Who knows when Donald Trump will have a press conference? Maybe he's just going to stay in Trump Tower and issue tweets - you know, gold-plated tweets to the American people. It's scary.” PeopleKnowsIssuesTrumpGoldPressesScaryTowersConferencesTweetPress Conferences Author:Barbara Boxer
“With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.” PeopleGovernmentUsedLibertyIssuesPeriodsStandardsGoldHistoricalExceptionExclusivePlunderGold StandardBuying Gold Author:Friedrich August von Hayek
“The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.” PeopleNeedsMayMeanUseValuesIssuesPaperGoldBasesAvailableSilverSubstitutesPermitCurrencyVolumeCoinsInadequateMonetaryFluctuationIntrinsic ValueGold And Silver Author:Abraham Lincoln
“The issue is Socialism versus Capitalism. I am for Socialism because I am for humanity. We have been cursed with the reign of gold long enough. Money constitutes no proper basis of civilization. The time has come to regenerate society - we are on the eve of universal change.” LongHas BeensEnoughHumanityIssuesCivilizationCapitalismGoldUniversalBasesSocialismReignVersusCursed Author:Eugene V. Debs
“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer (banker), and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.” PeopleIfsMenCountryHelpingHandsGovernmentWould BeValuesInterestWealthPaySituationIssuesTerriblePromiseGoldIncreaseHistoricalDebtAbsurdOur CountrySubmitCurrencyBankers Author:Thomas A. Edison
“I am confident that those who believe in belief are wrong. That is, we no more need to preserve the myth of God in order to preserve a just and stable society than we needed to cling to the Gold Standard to keep our currency sound. It was a useful crutch, but we've outgrown it. Denmark, according to a recent study, is the sanest, healthiest, happiest, most crime-free nation in the world, and by and large the Danes simply ignore the God issue. We should certainly hope that those who believe in belief are wrong, because belief is waning fast, and the props are beginning to buckle.” WorldNeedsShouldBelieveFaithOrderBeliefNationsSoundStudyIssuesCrimeNeededStandardsGoldMythPreservesStableCurrencyPropsCrutchesDenmarkGold StandardBuckles Author:Daniel Dennett
“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.” SeemsFreedomIssuesEconomicStandardsGoldPersuasionInseparableHystericalAntagonismEconomic FreedomGold Standard Book:Capitalism: The Unknown Ideal Source: Capitalism: The Unknown Ideal
“I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.” IfsLittlesUseHappensSidesInterestingIssuesPsychologyEffectsInvolvedToolsGoldLet MeTablesBrokeGovernorsMeasuringTreasuryThermometersGold Price Author:Alan Greenspan