A Quote by Mahathir Mohamad

Money is not something you just print. It must be backed by something, either good economy or gold. — © Mahathir Mohamad
Money is not something you just print. It must be backed by something, either good economy or gold.
I read a lot of history, and I know that once upon a time, a coin was worth $5 if it had $5 worth of gold in it. Now we have paper that is just backed by fiat... Maybe in the new world, something gets backed by consensus.
Gold teeth was just something that was popular down in Texas and around the country for a while. Growing up, it was something that you would do. You get a gold chain or watch, or grill, it was a status symbol. Like a trophy: I made it, or I made some money.
I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules.
Often you read something about yourself, and either you've been ironic, and that doesn't work in print, or it paraphrases something that you said, and has a different meaning.
I am concerned about the erraticness of the dollar. The dollar is up, the dollar is down. We print a lot of dollars. The dollar gets devalued. That is really the concern. If people think the gold price up and down is a reflection of something wrong with gold, no - I say it is something wrong with the dollar.
You see something happening and you bang away at it. Either you get what you saw or you get something else--and whichever is better you print.
Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past.
Greed may not be good, but it’s not so bad either. You humans think greed is just for money or power, but everyone wants something they can’t have.
You are good. But it is not enough just to be good. You must be good for something. You must contribute good to the world. The world must be a better place for your presence. And the good that is in you must be spread to others.
Society must cease to look upon 'progress' as something desirable. 'Eternal Progress' is a nonsensical myth. What must be implemented is not a 'steadily expanding economy', but a zero growth economy, a stable economy. Economic growth is not only unnecessary but ruinous.
Acting was something that just came along. But I made good money, so it wasn't something I was just going to put aside and pretend it didn't exist.
Under the gold standard gold is money and money is gold. It is immaterial whether or not the laws assign legal tender quality only to gold coins minted by the government.
We have an economy that tells us it is cheaper to destroy earth in real time rather than renew, restore, and sustain it. You can print money to bail out a bank but you can't print life to bail out a planet.
My treasure chest is filled with gold. Gold . . . gold . . . gold . . . Vagabond's gold and drifter's gold . . . Worthless, priceless, dreamer's gold . . . Gold of the sunset . . . gold of the dawn . . .Gold of the showertrees on my lawn . . . Poet's gold and artist's gold . . . Gold that can not be bought or sold - Gold.
It really helps if you are doing something you love instead of something you are just spending a bunch of money on. You can become very discouraged if you're not involved in something genuine, something that you believe in, and are committed to.
I came to the conclusion that most people in America would really like to be able to get a job where they think they're doing something noble and nice and good and it isn't just for the money. But the reason they hate what they call the cultural elite is that they see it as a class that's grabbed all the jobs where you can get paid to do something that isn't just for the money - if it's art, if it's charity, if it's intellectual, if it's political, whatever it might be.
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