“I think I understand the Constitution a little bit because in 1971 we went off the gold standard under President Nixon into the Federal Reserve notes because we were a worldwide currency.” ThinkingLittlesBitsPresidentLittle BitStandardsGoldConstitutionNotesCurrencyReservesFederal ReserveGold StandardPresident Nixon Author:Bill O'Reilly
“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
“In all the thrashing about that results from our dwindling gold reserves, it's about time that this country and other countries get some perspective on the situation. The day this country is out of the stuff, that day gold becomes what it's worth as a metal and no longer will have much significance as a monetary measurement. It isn't the gold we have that makes this nation rich. It's what we make, our knowhow, our productivity. So long as this country produces more and better, the world will continue to want what we make.” WorldWantLongCountryNationsStuffWealthResultsSituationRichProducePerspectiveGoldProductivitySignificanceMetalsOther CountriesReservesMeasurementMonetary Author:Malcolm Forbes
“A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.” PromiseGoldDollarsNotesSilverReservesFederal Reserve Author:P. J. O'Rourke
“It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.” PeopleWayGovernmentWould BeLawAbilityEconomyWiseTaxesGoldStealingBoardsLife And DeathSilverSubstitutesPermitReservesInflationMonopolyReducingTransactionsFederal ReserveRecommendationsGold And SilverPlatinum Author:Walter E. Williams
“I have criticized it [Europe], but I repeat: we keep 40 percent of our gold and foreign currency reserves in euros, we are not interested in the collapse of the Eurozone, but I do not rule out the possibility of decisions being made that would consolidate a group of countries equal in economic development and this, in my opinion, will lead to a consolidation of the euro. But there can also be some interim decisions in order to keep the present number of members of the Eurozone unchanged.” MadeCountryOrderDecisionNumbersOpinionGroupsEconomicPossibilityDevelopmentEqualMembersPercentEuropeGoldRepeatsCollapseNot InterestedCurrencyReservesEuroEconomic DevelopmentConsolidationEurozoneInterim Author:Vladimir Putin
“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
“We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy, but rather to ensure foreign trade turnover. Therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as Russia's for a period of at least three months.” NeedsAbleThreeLevelsEconomyMonthsPeriodsGoldTradeRussiaFinanceCurrencyReservesThree MonthsCentral BanksGeneral PublicTurnoverForeign Trade Author:Vladimir Putin
“If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.” IfsEnoughAbleLevelsMonthsSixGoldTradeCurrencyReservesSix MonthsTurnover Author:Vladimir Putin
“Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.” TodayOrderLevelsEconomicGoldTradeSufficientStabilityCurrencyReservesTurnoverEconomic StabilityForeign Trade 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
“The communists basically acted as the police force of the security system of the [Spain] Republic and were very much opposed to the anarchists, partially because [Joseph] Stalin still hoped at that time to have some kind of pact with Western countries against [Adolf] Hitler. That, of course, failed and Stalin withdrew the support to the Republic. They even withdrew the Spanish gold reserves.” KindStillsCountryCoursesForceSupportSecurityGoldPoliceWesternRepublicCommunistReservesSpainAnarchistPactPolice ForceSecurity Systems Author:Noam Chomsky
“Which European leader today would not relish the wonder-working powers of a Moses? Budget deficit? Unpopular cuts? How about just a little miracle, an overnight increase in gold reserves, a new oil field, or the next world-changing communications technology? Surely that's not too much to ask.” WorldLittlesTodayNextAsksLeaderWonderTechnologyToo MuchCuttingFieldsCommunicationGoldMiracleIncreaseOilBudgetsReservesDeficitMosesRelishBudget DeficitCommunication TechnologyOil Field Author:Jonathan Sacks
“Yet each country had items that the other needed. The Arridi had reserves of red gold and iron in their deserts that the Toscans required to finance and equip their large armies. Even more important, Toscans had become inordinately fond of kafay, the rich coffee grown by the Arridi.” ImportantCountryRichNeededRedGoldArmyCoffeeFinanceDesertIronReservesItems Author:John Flanagan
“Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds.” ValuesChangeCommonGoldChecksFundCurrencyReservesAutismInsufficientShared ExperiencesCommon Experience Book:A Night of Serious Drinking Source: A Night of Serious Drinking
“Moreover, they [the Central Asian Republics] are of importance from the standpoint of security and historical ambitions to at least three of their most immediate and more powerful neighbors, namely Russia, Turkey and Iran, with China also signaling an increasing political interest in the region. But the Eurasian Balkans are infinitely more important as a potential economic prize: an enormous concentration of natural gas and oil reserves is located in the region, in addition to important minerals, including gold.” ImportantPoliticalThreeInterestNaturalPowerfulEconomicSecurityAmbitionGoldImportanceHistoricalIncludingChinaOilNeighborRussiaEnormousGasConcentrationRegionsPrizeIranRepublicReservesTurkeysAsianStandpointMineralsNatural GasBalkans Author:Zbigniew Brzezinski
“Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.” IfsKindProblemAbleValuesLosesGoldDollarsDebtStoresReservesMortgageFederal ReserveIntrinsic Value Author:Peter Schiff