A Quote by Robert C. Solomon
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.
Related Quotes
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.
The fact that you can forge a twenty dollar bill doesn't prove that all twenty dollar bills are forgeries.
And as we know now, and as I pointed out many times, the great plume of fire at the bottom of the Space Shuttle is actually dollar bills burning, and the most efficient method of destroying American dollar bills as has ever been devised by man.
I'd put Hank Williams picture on one hundred dollar bills.
Dollar bills have absolutely no value except in our collective imagination, but everybody believes in the dollar bill.
It's personal freedom, not hundred dollar bills that lights the soul's cigar.
The U.S. only has 20 billion barrels of oil in reserve. It seems as though there is no more oil around. Venezuela has 300 billion barrels of oil in reserves. Iraq has, like, 150 billion barrels of oil. Iran, close to 300 billion barrels of reserve. Oil for 200 years, of course.
I'm not gonna deny it, I walk around with hundred dollar bills hanging out of my pocket.
The dollar is the reserve currency of the world.
You cover Q-tips with sandpaper and ram them up your nostrils
as far as they will go. Then you sniff talcum powder while shredding
hundred dollar bills.
The dollar is currently the principal reserve currency in the world.
As the dollar's exchange value declines, so will the value of dollar-denominated financial instruments, regardless of how many bonds the Federal Reserve purchases.
It's probably easier and cheaper to counterfeit hundred-dollar bills than it is to counterfeit Bitcoin.
The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is when China shifted from having almost 100 percent of its reserves in dollars to 75 percent. Some countries went completely out of the dollar. The dollar, for all intents and purposes, lost its special reserve status and people starting talking about a portfolio, or basket, approach as a store of wealth instead of the dollar.
[The web] is going to end up being a tremendous advantage, providing we can work out the financial structure. I think we’ll see newspapers survive, being printed at home... Or you’ll have a local print shop, so that rather than waiting for the newspapers to arrive by truck, which is 30 percent at least of a newspaper’s cost, you’ll go in and push a button, and it will take your dollar bills without anyone having to be there. And it will print the newspaper for you while you wait. It will take seven minutes. There’s a terrific future for print in my view and it gives me great heart.
We are privileged that the dollar is the "currency of last resort" and the most important currency in the world. Global commodities are priced in dollars. Central banks in other countries hold great quantities of dollars. The dollar was the safe harbor, the port in the storm during the credit crisis.
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