A Quote by Bill Bonner

The promise of American capitalism is that it makes people richer, freer and more independent. But since the introduction of Fed, the currency in which Americans keep score has so addled the figures, we scarcely know if we are winning or losing. The dollar we knew as a child - in the 1950's - is only worth a tenth as much today.

Bill Bonner

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American American Capitalism Capitalism Child Currency Dollar Fed Figures Freer Independent Introduction Keep Knew Know Losing Makes More Much Only People Promise Richer Scarcely Score Since Tenth Today Which Winning Worth

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Bill Bonner
American - Author
Born: September 8, 1948

China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

Max Keiser

I mean, you can explain the fact that these are depressed prices, you know. We think these assets are going to be worth a lot more. And I think that case can be made in certain situations. But I think to just say, you know, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today.

Warren Buffett

People take pride in being Irish-American and Italian-American. They have a particular culture that infuses the whole culture and makes it richer and more interesting. I think if we can expand that attitude to embrace African-Americans and Latino-Americans and Asian-Americans, then we will be in a position where all our kids can feel comfortable with the worlds they are coming out of, knowing they are part of something larger.

Barack Obama

There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.

Peter Drucker

The Fed's job is not to stall growth or to prevent economic 'overheating.' It is to keep prices stable and the dollar a strong and reliable currency.

Stephen Moore

You get in a lot of trouble when you start putting fictitious numbers on value. I think to just say, we're going to say a dollar of cash is worth $2 all of a sudden, it isn't worth $2. It's worth a dollar today. And I think once you start putting phony figures into financial statements, you get in a lot of trouble.

Howard Warren Buffett

Take someone who doesn't keep score, who's not looking to be richer, or afraid of losing, who has not the slightest interest even in his own personality: he's free.

Rumi

The only way Congress can get one dollar to spend is to take that one dollar from Americans, borrow that one dollar from Americans, or inflate that one dollar from Americans. So, it's very much like the visual image of a swimming pool. A person notes there is a shallow end, so he takes the water out of the deep end and pours it in the shallow end, hoping to raise the height of the water in the pool - and you would call that person stupid.

Walter E. Williams

A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

Robert Rubin

Economic growth is necessary to keep the promise - enormously important to individual Americans - that each generation will have the opportunity to become more prosperous than the preceding one, the popular term for which is 'the American dream.

Michael Mandelbaum

Americans are wonderfully courteous to strangers, yet indiscriminately shoot kids in schools. They believe they are masters of the world, yet know nothing about what goes on outside their shores. They are people who believe the world stretches from California to Boston and everything outside is the bit they have to bomb to keep the price of oil down. Only one in five Americans hold a passport and the only foreign stories that make their news are floods, famine, and wars, because it makes them feel good to be an American. Feeling good to be American is what they live for.

Brian Reade

My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.

Sam Zell

You know, directors are funny people. They live with these movies for a year or more. And when you go in to score the picture, you're fooling with their child. They want to know everything that happens to the score - and why.

Henry Mancini

American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.

Llewellyn Rockwell

I soon discovered that if you keep your mouth shut, people are apt to believe you know everything, and they begin to feel freer and freer to tell you anything, anxious to show that they know something, too.

Audre Lorde

A Quote by Bill Bonner

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