A Quote by Smedley Butler
I believe in adequate defense at the coastline and nothing else. If a nation comes over here to fight, then we'll fight. The trouble with America is that when the dollar only earns 6 percent over here, then it gets restless and goes overseas to get 100 percent. Then the flag follows the dollar and the soldiers follow the flag.
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The trouble with America is that when the dollar only earns 6 percent over here, then it gets restless and goes overseas to get 100 percent. Then the flag follows the dollar and the soldiers follow the flag.
But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.
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.
If we continue on the trend we’re on, we can reduce extreme poverty by more than 60 percent-lifting more than 700 million people out of dollar-and-a-quarter a day poverty and back from the brink of hunger and malnutrition. But if we accelerate our progress from 3 percent annual reduction to over 6 percent and focus on key turnarounds in some difficult countries, we could get a 90 percent reduction. We could essentially eliminate dollar-and-a-quarter head count poverty.
I believe that if we have to pay 100 percent for our college tuition, and then we get into the workplace, and we're only given 70 percent of our counterparts' salaries, then we shouldn't have to pay but 70 percent of our college tuition. Maybe that'll stop the bullshit.
So if you think America's politicians and citizens are willing to make the changes necessary to strengthen the U.S. dollar, then don't buy silver. But if you're like me and don't expect us, as a nation, to take our medicine, then short the dollar - and the way you short the currency is by going long on gold and silver.
As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.
War is just a racket... I believe in adequate defense at the coastline and nothing else.
Over the long term, it's hard for a stock to earn a much better return that the business which underlies it earns. If the business earns six percent on capital over forty years and you hold it for that forty years, you're not going to make much different than a six percent return - even if you originally buy it at a huge discount. Conversely, if a business earns eighteen percent on capital over twenty or thirty years, even if you pay an expensive looking price, you'll end up with one hell of a result.
American soldiers in battle don't fight for what some president says on T.V., they don't fight for mom, apple pie, the American flag...they fight for one another.
Ask a man how much a dollar is worth, and he'll tell you, 'Almost nothing.' Try to take a dollar away from him, and you'll get yourself a fight.
I consider myself conscious of how women are treated, and sometimes I can be a feminist. Sometimes I'm a little Republican, sometimes I'm a little Democrat. Sometimes I'm angry, sometimes I'm not angry. I'm not a total feminist, but I believe in rights for females. I believe that if we have to pay 100 percent for our college tuition, and then we get into the workplace and we're only given 70 percent of our counterparts' salaries, then we shouldn't have to pay but 70 percent of our college tuition. Maybe that'll stop the bullshit.
You're playing and you think everything is going fine. Then one thing goes wrong. And then another. And another. You try to fight back, but the harder you fight, the deeper you sink. Until you can't move... you can't breathe... because you're in over your head. Like quicksand.
To the organizer, compromise is a key and beautiful word. It is always present in the pragmatics of operation... If you start with nothing, demand 100 percent, then compromise for 30 percent, you're 30 percent ahead.
A thoughtful mind, when it sees a Nation's flag, sees not the flag only, but the Nation itself; and whatever may be its symbols, its insignia, he reads chiefly in the flag the Government, the principles, the truths, the history which belongs to the Nation that sets it forth.
If your company matches your 401(k) contribution, then no matter what, contribute to your 401(k) first. You put in a dollar, they put in 50 cents. It's an automatic 50 percent return on your money. You can't pass that up. I'd rather have the 50 percent than pay 32 percent interest on a credit card.
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