Quotes About Currencies

Urbanization, the industrialization of food systems, and the building of highways may have contributed to GDP over the short term, but they have created societal vulnerability over the longer term. In a world of Peak Oil, scarce fresh water, unstable currencies, changing climate, and declining trade, true "development" may require implementation of policies at odds with — sometimes the very reverse of — those of recent decades.

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.

Foreign stocks have historically offered several benefits for U.S. investors. First, foreign stocks do not always move in correlation with the U.S. equity markets, which creates a diversification opportunity. Second, international stocks trade in foreign currencies. This offers investors a hedge against a decline in the U.S. dollar. Both are important reasons to have some foreign stock exposure in a portfolio.

In the U.S. in the 1930s during the Great Depression there were over a thousand different private currencies in circulation until the Federal Reserve found out about it and had it stopped.

I think that many central banks and financial authorities understand that any long term attempt to compete through an artificial depreciation of their currency will not be very effective in the long term.

Most 'digital currencies' are not really digital currencies at all.

I believe the world has shifted from asked 'if' digital currencies will succeed to 'how and when' digital currencies will become mainstream.

The cancellation of inter-Ally war debts was designed to de-couple American finance from Europe. Keynes supported American loans to get European industry restarted, pay for essential food imports, and stabilize currencies. But he was adamantly opposed to Europeans borrowing from the United States to service deadweight debt. His book became an international best-seller, had a profound effect on post-war thinking, and made Keynes world-famous.

We must stress that the euro has been beneficial to the European Union because, otherwise, in this context of international turmoil, every country would have to devalue their currencies.

We saw for a time that digital currencies were radioactive to banks, but that's not the case anymore.

Security is tantamount in the world of digital currencies, and rapid growth puts the security of the entire ecosystem at risk.

The purpose of this pamphlet is to explain how local currencies work. Alone they cannot solve all the multiple financial, social and environmental crises we face, but they are an increasingly important part of the answer.

PayPal, which was founded in 1998, may be the closest thing to a global currency that has ever been created. Based in San Jose, California, the company operates in 190 markets, sending and receiving payments in 24 currencies on behalf of 90 million active members.

Lingering fraud and regulatory problems aside, the post-integration PayPal is certainly better positioned now than it was during its starry-eyed startup days to revolutionize money transfers and wrest control of currencies away from corrupt governments.

That I was apparently into body building at all at this stage in my life probably meant affairs with young women, for whom a youthful physique might ameliorate the unavoidable emotional consequences of sleeping with an older man in what at root would be little more than an exchange of sex and the illusion of immortality for Ferragamo handbags and the other implicit currencies of such arrangements. All of which the yakuza would understand, and even respect.

Activists can improve their alternative media success by embracing alternative currencies like Bitcoin.

We should be moving toward local currencies not global or European currencies.

The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.

The fear is that if the dollar falls below 50% of the currency basket held by commercial and central banks and insurance companies, there may be a democratization of the way currencies are priced.

I think 2017 is going to be the year of the grand return of the nation-state, the control of borders and currencies.

Wealth is no longer created by producing or manufacturing products. It is created by manipulating the prices of currencies, stocks, and commodities and imposing a crippling debt peonage on the public.

With currencies and interest rates far more volatile than the economic activity that they guide, the horizons of investment and commerce had to shrink proportionally with real economic knowledge.

Digital currencies present a chance for money to truly become information, and for the creation of a global financial system that is truly frictionless, open, and uncensored - the vision we once had for the Internet.

an increase in the supply of paper money, and hence a decrease in the purchasing power of the currencies in which most bonds were denominated. A rational investor who anticipated a major war would sell bonds in anticipation of these effects.