A Quote by Porter Stansberry

Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs.

Porter Stansberry

Quote Topics

Any Because Benefits Costs Country Currency Discount Financing Gain Reserve Significant Those Tremendous Used Whose

Quote Author

Porter Stansberry
American - Publisher

You can hold your Bitcoin in Ripple. We want to be agnostic to any currency, whether that be a virtual currency, political currencies, or peer-to-peer currencies.

Chris Larsen

Bitcoin has been described as a decentralized, peer-to-peer virtual currency that is used like money - it can be exchanged for traditional currencies such as the U.S. dollar or used to purchase goods or services, usually online. Unlike traditional currencies, Bitcoin operates without central authority or banks and is not backed by any government.

Perianne Boring

The proposal for a new global reserve currency - or Special Drawing Rights - is a good idea for many reasons. Yes, for the Chinese it would cushion any fall in the value of the dollar per se because it would only be part of a basket of other currencies, including the yen and the euro.

Joseph Stiglitz

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

A dollar vigilante is a free market individual who protests the government monopoly and financial policies, such as fractional reserve banking and unbacked fiat currencies, by selling those same fiat currencies in favor of other assets, including gold and precious metals.

Jeff Berwick

The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.

Robert C. Solomon

Gradual and moderate warming brings benefits as well as incurring costs. These benefits and costs will not, of course, be felt uniformly throughout the world; the colder regions of the world will be more affected by the benefits, and the hotter regions by the costs.

Nigel Lawson

The Center for Immigration Studies estimates that 62 percent of households headed by illegal immigrants use some form of cash or non-cash welfare programs like food stamps or housing assistance, tremendous costs, by the way, to our country, tremendous costs. This directly violates the federal public charge law designed to protect the United States Treasury. Those who abuse our welfare system will be priorities for immediate removal.

Donald Trump

Complementary currencies work in addition to existing money, rather than replacing existing, official money. There are whole different families of complementary currencies. One of them is local currencies. One is regional currencies. Another is functional currencies. Another is social-purpose currencies.

Bernard Lietaer

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

Nirmala Sitharaman

The Federal Reserve Act as it stands seems to me to open the way to a vast inflation of the currency. I do not like to think that any law can be passed that will make it possible to submerge the gold standard in a flood of irredeemable paper currency.

Henry Cabot Lodge

In practice [monetary management] is merely a high-sounding euphemism for continuous currency debasement. It consists of constant lying in order to support constant swindling. Instead of automatic currencies based on gold, people are forced to take managed currencies based on guile. Instead of precious metals they hold paper promises whose value falls with every bureaucratic whim. And they are suavely assured that only hopelessly antiquated minds dream of returning to truth and honesty and solvency and gold.

Henry Hazlitt

Student loans have been helpful to many. But they offer neither incentive nor assistance to those students who, by reason of family or other obligations, are unable or unwilling to go deeper into debt. ... It is, moreover, only prudent economic and social policy for the public to share part of the costs of the long period of higher education for those whose development is essential to our national economic and social well-being. All of us share in the benefits - all should share in the costs.

John F. Kennedy

It is good to LOOK to the past to gain appreciation for the present and perspective for the FUTURE. It is good to look upon the VIRTUES of those who have gone before; to gain STRENGTH for whatever lies ahead. It is good to REFLECT upon the work of those who labored so hard and gained so little in this world, but out of whose DREAMS and early pains, so well nurtured, has come a great gravest of which we are the beneficiaries. Their tremendous EXAMPLE can become a compelling MOTIVATION for all of us. ~Gordon B. Hinckley

Gordon B. Hinckley

And the same goes for government benefits. The Center for Immigration Studies estimates that 62 percent of households headed by illegal immigrants use some form of cash or non-cash welfare programs like food stamps or housing assistance. Tremendous costs, by the way, to our country.

Donald Trump

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.

Robert C. Solomon