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Good Quotes On Money Matters
"Paper money eventually goes down to it's intrinsic value - zero"- Voltaire in 1729
"Give me control of a nation's money and I care not who makes the laws"- Amschel Mayer Rothschild
12 June 1773 – 6 December 1855; was a German Jewish banker of the Rothschild family financial dynasty
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."- Napoleon Bonaparte, 1815
"A man who has a pension for his old age is much easier to deal with than a man without that prospect." - Otto von Bismarck, Prime Minister of Prussia 1862 to 1890
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final or total catastrophe of the currency system involved"- Ludwig von Mises
"It is well enough that the people of the nation do not understand our banking and monetary system for, if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
"Betting against gold is the same as betting on governments. He who bets on governments and government money bets against 6,000 years of recorded human history."- Charles de Gaulle, French President 1959 to 1969
"Inflation is as violent as a mugger. As frightening as an armed robber. And as deadly as a hit man"- Ronald Reagan, American President 1981-1989
"When you can't service your debt, you're finished." - Paul O'Neill, former U.S. Treasury Secretary
"Fiscally, we are in uncharted territory." "No one can know the precise level of net debt... at which the United States will lose its reputation ... but a few more years like this one and we will find out." — Warren Buffett, August 19, 2009
"The U.S. government has a technology, called printing press (or today it's electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost."- Ben Bernanke; Federal Reserve Chairman (November 21, 2002)
"We can't afford to pay all these bills and if we just pay them by printing money, it will destroy the currency..." - Dr. Ron Paul, Congressman, Texas
“If we’re going to finance budget deficits by printing money, we may have high inflation, even risk of hyperinflation in some countries. That’s what happened in Germany in the 1920s during the Weimar Republic. We are having large budget deficits and increasing the public debt, we don’t know whether it’s going to be $5 trillion or $10 trillion of more debt. But there are only a few ways of resolving that debt problem: either you default on it as countries like Argentina did; or you use the inflation tax to wipe out the real value of the debt; or you have to raise taxes and cut government spending. And given the size of the deficits, over time that’s going to be a painful political choice to make.”- Nouriel Roubini, June 11, 2009
"It's going to end in a complete disaster. But, we have to distinguish - the disaster may not happen for five to ten years. But we're heading into an iceberg. And, what will eventually happen is that the population will suffer very badly from inflation and declining real wages.The establishment, including the government, will protect itself. And when everything becomes very bad and you have simultaneous, essentially, a recession/depression . . . Unemployment goes higher goes higher than 10%, say maybe 15%. When that doesn't improve, they'll go to war. And nobody can pay for the war so you print more and more money, and you have hyperinflation, and then the system goes. That's why I'm telling everybody, you ought to own some land, and you ought to own some stocks and you ought to own some gold or a lot of gold and other precious metals. Because paper money and bonds are very vulnerable over the next five to ten years." - Dr. Marc Faber, legendary investment adviser, March 3rd, 2010
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