10 Money quotes that your government would rather not share with you. -Vol.2
Updated: Jan 27
“The fact that our foreign indebtedness is for the most part denominated in our own currency is a huge advantage in the event the dollar were to come under significant downward pressure.”
Former New York Fed President William Dudley
"The medieval alchemists' belief that they could make gold out of lead was a manifestation of sober reason in comparison to the modern delusion of being able to create money out of paper."
Roland Baader, Author
Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.
Ronald Reagan, Former President of the United States
"Gold Is Money, Everything Else Is Credit"
“Arguing that you don’t care about the right to privacy because you have nothing to hide is no different than saying you don’t care about free speech because you have nothing to say. When you say, ‘I have nothing to hide,’ you’re saying, ‘I don’t care about this right.”
"Inflation is the surest way to fertalize the rich man’s field with the sweat of the poor man’s brow."
Robert Breedlove, Founder of Parallax Digital
"But its mere existence (Bitcoin) is an insurance policy that will remind governments that the last object establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future."
Nassim Nicholas Taleb, Author of the Black Swan and Hedge Fund Advisor
"We are doing God`s work."
Lyod Blankfein, former CEO of Goldman Sachs
“Paper money eventually returns to its intrinsic value – zero”
The careful reader may have noticed that the number of quotes is only 9, not 10. While the first edition of January 2020 brought you 10 quotes as advanced, the second edition has obviously been inflated during the creative process. Please do not complain, we all have to make sacrifices. And getting 9 out of 10 should still be acceptable. And do not forget to start the day right with full trust in your central bank. Thank You.