Quotes About Currency

Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.

Correction, he had $4.30 in his pocket

Ben thought that was how you could tell the difference between most people. It wasn't I'm a dog person and I'm a cat person or I'm a Chiefs fan and I'm a Broncos guy. It was whether you cared about quarters. To him, four quarters was a dollar. A stack of quarters was lunch. The amount of quarters those little shits threw out the window that day could have bought him half a pair of jeans.

This separation was absolute in our original Republic. But the sky-godders do not give up easily. In the 1950s they actually got the phrase In God We Trust onto the currency, in direct violation of the First Amendment.

Ah yes, jobs. Once upon a time, souls were traded for immortality or riches. Now we are bought and sold with the promise of jobs. The human spirit is devalued currency. How the devil must be laughing.

Money is not the value for which goods are exchanged, but the value by which they are exchanged

If you look at history, there seems to be a regular pattern: the country with the most powerful military also happens to be the one with the world trade currency. That gives them an enormous economic advantage, which causes goods to flow into their country.

The problem started before World War I. The gold standard was working fairly well. But it broke down because of the war and what happened in the 1920s. And then the U.S. started to become so dominant in the world, with the dollar becoming the central currency after the 1930s, the whole world economy shifted.

I'd guess blockchains will be the full-blown backbone of virtual worlds - the system for currency, assets, identity, even governance - before doing the same in the 'real world.' Which is where I think we will end up in the real world eventually; it's just a matter of which goes first and how long until it's the case for both.

You always worry about the devaluation of the dollar, but the devaluation of the dollar is based oftentimes on what the government decides to do.

Bitcoin is like anything else: it's worth what people are willing to pay for it.

There is no intrinsic worth in money but what is alterable with the times, and whether a guinea goes for twenty pounds or for a shilling, it is the labor of the poor and not the high and low value that is set on gold or silver, which all the comforts of life must arise from.

The times of Arab nationalism and unity are gone forever. These ideas which mobilized the masses are only a worthless currency.

The problem is, the Cuban government wants it both ways. They want to be able to blame the United States for their failed system of government, and then when remittances are sent over by Miamians... they take the dollars, they turn them into a worthless currency, and then they force Cubans to pay for things in their stores, in dollars.

I have never said I would adopt the euro. Not today, not tomorrow, not in five years. We will introduce the euro when it will benefit Poles and Poland.

For me, money is a tool.

I mean, money is a tool.

The euro is a potent tool used by Germany to engage in permanent monetary dumping.

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.

War used to be something you could stand on the nearby hill and watch. Now we have total war; everybody's in it. We have total economics as well. Everything affects everybody. The Malaysian currency shakes, and people around the world are seriously affected.

A billion here, a billion there, pretty soon it adds up to real money.

Nickel a pop, tops.

Paper buys time. Steel buys freedom.

Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.