A Quote by Muhammad Yunus
I wanted to give money to people like this woman so that they would be free from the moneylenders to sell their product at the price which the markets gave them - which was much higher than what the trader was giving them.
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I wanted to give money to people like this woman so that they would be free from the moneylenders to sell their product at the price which the markets gave them — which was much higher than what the trader was giving them.
You can only make money if you buy a product, whatever it is - maybe a currency, maybe wheat and maybe something else - at a relatively low price and sell it at a higher price than you buy it at. There's no other way to make money.
Give the money directly to people who work hard. Instead of taking the money from the business and then filtering it through the horror of government programs, which is essentially giving it to social workers who live in Bethesda so they can drive their minivans and vote Democratic. Give them the money, so that they go and talk to the worker who is washing dishes, and they say, "Well, we want to help you, you see." And it would be better to help them by taking the money from that minivan-driving social worker and giving it directly to the guy who is really working hard by washing dishes.
I'm not a free trader, but I am a free trader, but I'm also a fare trader and a smart trader. I want to make sure that the United States gains something. So I think you would probably agree.
The people gave their money and they gave their screams, but the Beatles gave their nervous systems, which is a much more difficult thing to give.
I think it's interesting that a lot of times people want celebrities to give back in the way that they want them to give back. They want them to give money to the cause they think is important and when that doesn't happen they say, "Oh, they're not doing anything." People think celebrities are going to solve their problems. People think because someone is famous or an athlete or a politician that the solution begins with them. All they're there to do is sell you a product.
I think Americans is a very special nation that was created so that people could be free. And they could be free to believe what they wanted. They could be free to work as hard as they wanted, knowing that their labor would accrue to them and to their family, that there wouldn't be a lot of people impinging upon their freedom and telling them what they had to do, and that it would be a nation that was representative of the people, and that it would have a government that was representative of the people rather than one that tried to rule the people.
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.
The company that employed me strived only to serve up the cheapest fare that the customer would tolerate, churn it out as fast as possible, and charge as much as they could get away with. If it were possible to do so, the company would sell what all businesses of its kind dream about selling, creating that which all of our efforts were tacitly supposed to achieve: the ultimate product -- Nothing. And for this product they would command the ultimate price -- Everything.
Growing up, all I saw was my parents trying to be the best people they could be, and people coming to them for wisdom, coming to them for guidance, and them not putting themselves on a pedestal, but literally being face-to-face with these people and saying, "I'm no better than you, but the fact that you're coming to me to reach some sort of enlightenment or to shine a light on something, that makes me feel love and gratitude for you." They always give back what people give to them. And sometimes they keep giving and giving and giving.
I'm going to give away a lot more than half my money. I'd be happy to give that to the government if the government put together programs that were like I'm giving away to charity, in which I believe the money is effectively used to help people.
Part of my advantage is that my strength is economic forecasting, but that only works in free markets, when markets are smarter than people. That's how I started. I watched the stock market, how equities reacted to change in levels of economic activity, and I could understand how price signals worked and how to forecast them.
I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life."
Allowing short selling is allowing people to sell - instead of having to buy the stock and then sell it, which doesn't do much; allow them to sell it, and then buy it. In which case they can express that information and the idea is that you would get more accurate valuation of companies by letting people express both their positive information and their negative information through either long or short selling.
Humans are insane. We kill our own people, starve our own people, sell them, work them to death, beat them, don't give them affordable/free/good healthcare, and let them live in misery, while a few of us have - we have all we want. We are evil.
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