In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
quote by Alan Greenspan
Submitted by Lucian Velea
Vote! | Copy!
Related quotes
Inflation is the crabgrass in your savings.
quote by Robert Orben
Submitted by Lucian Velea
Vote! | Copy!
The Value of Gold
There may be standard weight for precious metal,
But deeper meaning it must ever hold;
Thank God, there are some things no law can settle,
And one of these—the real worth of gold.
The stamp of king or crown has common power
To hold the traffic-value in control;
Our coarser senses note this worth—the lower;
The higher comes from senses of the soul.
This truth we find not in mere warehouse learning—
The value varies with the hands that hold;
The worth depends upon the mode of earning;
And this man's copper equals that man's gold.
With empty heart, and forehead lined with scheming,
Men's sin and sorrow have been that man's gain;
But this man's heart, with rich emotions teeming,
Makes fine the gold for which he coins his brain.
But richer still than gold from upright labor—
The only gold that should have standard price-
Is the poor earning of our humble neighbor,
Whose every coin is red with sacrifice.
Mere store of money is not wealth, but rather
The proof of poverty and need of bread.
Like men themselves is the bright gold they gather
It may be living, or it may be dead.
It may be filled with love and life and vigor,
To guide the wearer, and to cheer the way;
It may be corpse-like in its weight and rigor,
Bending the bearer to his native clay.
There Is no comfort but in outward showing
In all the servile homage paid to dross;
Better to heart and soul the silent knowing
Our little store has not been gained by loss.
poem by John Boyle O'Reilly
Submitted by Poetry Lover
Vote! | Copy!
Bimbo
You think youre special
And youre a standard guy
Im gonna tell you
Youre nothing but a standard guy
You are a standard... standard...
Its the bimbo
Standard bimbo man
They call me the white white white white white white
White white bimbo man
Oh, hey I want her
I want shoes
Oh, so my head hurts
But make fun of blues
Oh, that music
I got the blues
Cash in my pocket
Dont want to lose
I... i... I try so hard
Let me be smart
Look at myself in the window of a glass door
Look in my eyes
Look at myself in the window of a toy store
Wink at the size
Never ever gonna be (3x)
Staring at her until the end
Special lie, my only friend
Thats so hard for me to take
Silly to work around the thing
Bimbo, bimbo, oh its sad
It drives me mad this is bimbo man
Oh, oh, its sad b-b-b-b-b b-b-b-b-b b-b-b-b-bimbo
It drives me mad why bimbo man
Oh, oh, its sad why its the bimbo, standard bimbo
It drives me mad why its the bimbo man
Oh, oh, its sad why its the bimbo, standard bimbo
It drives me mad why its the bimbo man
Special, and silly wanna be
Standard, oh what a silly me
Youre really special, that you dont wanna be
Youre standard, firm set in your silly ways
Look at myself in the window of a drug door
Wink at the size
Look at myself in the window of a toy store
Look in my eyes
Never ever gonna be
I wear a white hat bimbo, bimbo, hes hip
White gloves I choose bimbo, bimbo man
I saw her dance bimbo, bimbo
Not for the blues hes the bimbo man
I... bimbo, bimbo, b-b-b-b-bimbo
Dont want to be hes the bimbo man
The standard guy bimbo, bimbo, b-b-b-b-bimbo
The standard guy hes the bimbo man
Standard guy
Look at myself in the window of a glass door
Wink out the size
Look at myself in the window of a toy store
Look in my eyes
Never ever gonna be
I hear hip music bimbo, bimbo, hes a bimbo
Aint got the blues bimbo, bimbo man
Fist in my pocket why its the bimbo, why its the bimbo
Dont want to lose bimbo, bimbo man
I... i... standard bimbo, why its the bimbo
Try so hard bimbo, bimbo man
Oh please, oh please, why its the bimbo, bimbo, bimbo
I wanna be smart... smart bimbo, bimbo man
song performed by by Yello
Submitted by Lucian Velea
Vote! | Copy!
Bimbo
You think youre special
And youre a standard guy
Im gonna tell you
Youre nothing but a standard guy
You are a standard... standard...
Its the bimbo
Standard bimbo man
They call me the white white white white white white
White white bimbo man
Oh, hey I want her
I want shoes
Oh, so my head hurts
But make fun of blues
Oh, that music
I got the blues
Cash in my pocket
Dont want to lose
I... i... I try so hard
Let me be smart
Look at myself in the window of a glass door
Look in my eyes
Look at myself in the window of a toy store
Wink at the size
Never ever gonna be (3x)
Staring at her until the end
Special lie, my only friend
Thats so hard for me to take
Silly to work around the thing
Bimbo, bimbo, oh its sad
It drives me mad this is bimbo man
Oh, oh, its sad b-b-b-b-b b-b-b-b-b b-b-b-b-bimbo
It drives me mad why bimbo man
Oh, oh, its sad why its the bimbo, standard bimbo
It drives me mad why its the bimbo man
Oh, oh, its sad why its the bimbo, standard bimbo
It drives me mad why its the bimbo man
Special, and silly wanna be
Standard, oh what a silly me
Youre really special, that you dont wanna be
Youre standard, firm set in your silly ways
Look at myself in the window of a drug door
Wink at the size
Look at myself in the window of a toy store
Look in my eyes
Never ever gonna be
I wear a white hat bimbo, bimbo, hes hip
White gloves I choose bimbo, bimbo man
I saw her dance bimbo, bimbo
Not for the blues hes the bimbo man
I... bimbo, bimbo, b-b-b-b-bimbo
Dont want to be hes the bimbo man
The standard guy bimbo, bimbo, b-b-b-b-bimbo
The standard guy hes the bimbo man
Standard guy
Look at myself in the window of a glass door
Wink out the size
Look at myself in the window of a toy store
Look in my eyes
Never ever gonna be
I hear hip music bimbo, bimbo, hes a bimbo
Aint got the blues bimbo, bimbo man
Fist in my pocket why its the bimbo, why its the bimbo
Dont want to lose bimbo, bimbo man
I... i... standard bimbo, why its the bimbo
Try so hard bimbo, bimbo man
Oh please, oh please, why its the bimbo, bimbo, bimbo
I wanna be smart... smart bimbo, bimbo man
song performed by by Yello
Submitted by Lucian Velea
Vote! | Copy!
Protect Me From What I Want
Its that desease of the age
Its that desease that we crave
Alone at the end of the race
We catch the last bus home
Corporate america wakes
Coffee republic in case
We open the latch on the gate
Of the hole that we call our home
Protect me from what I want...
Protect me protect me
Maybe were victims of fate
Remember when wed celebrate
Wed drink and get high until late
And now were all alone
Wedding bells aint gonna chime
With both of us guilty of crime
And both of us sentenced to time
And now were all alone
Protect me from what I want...
Protect me protect me
Protect me from what I want...
Protect me protect me
Protect me from what I want...
Protect me protect me
Protect me from what I want...
Protect me protect me
song performed by by Placebo
Submitted by Lucian Velea
Vote! | Copy!
My legislation, the Simple Savings Tax Relief Act of 2005, simply eliminates the taxation of interest earned in savings accounts, such as passbook savings accounts or bank certificates of deposit.
quote by Cliff Stearns
Submitted by Lucian Velea
Vote! | Copy!
Food for thought
The fields are bare, the harvest safe in store
Now is the time for man and beast to rest
King winter will enforce his frigid rule.
The fields are white, the harvest safe in store
In time the sun will shine and spring return
The earth will show renewed vitality
When sunshine puts an end to winters reign,
the frost retreats to let the spring return.
The farmers and the peasants know the score.
The city folk are merely parasites
who do not know nor want to know the score.
They are convinced they do not need to learn.
Confident that gold can buy anything,
this is not true. When famine strikes they’ll learn.
poem by Ivor Or Ivor.e Hogg
Submitted by Poetry Lover
Vote! | Copy!
It was the biggest inflation and the most sustained inflation that the United States had ever had.
quote by Paul A. Volcker
Submitted by Lucian Velea
Vote! | Copy!
We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
quote by John W. Snow
Submitted by Lucian Velea
Vote! | Copy!
When people begin anticipating inflation, it doesn't do you any good anymore, because any benefit of inflation comes from the fact that you do better than you thought you were going to do.
quote by Paul A. Volcker
Submitted by Lucian Velea
Vote! | Copy!
Better stop short than fill to the brim. Oversharpen the blade, and the edge will soon blunt. Amass a store of gold and jade, and no one can protect it. Claim wealth and titles, and disaster will follow. Retire when the work is done. This is the way of heaven.
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.
quote by Martin Feldstein
Submitted by Lucian Velea
Vote! | Copy!
Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
quote by William Greider
Submitted by Lucian Velea
Vote! | Copy!
We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation.
quote by Martin Feldstein
Submitted by Lucian Velea
Vote! | Copy!
In The Absence of life
In the absence of life..........
Sweet sexy summer in a
angelic wind,
coming from south in
no harm yet the
sky till feel absence
In the absence of life.........
if i lost my life
in pleasing man, please
remember my Achille's heel
in a acrostic poem
In the absence of life.........
indeed no life is absence
in anyway, except
the world is absence.
poem by Senator alufalism
Submitted by Poetry Lover
Vote! | Copy!
You could not buy a house in those days without just assuming that the house was not only a place to live, but it was a good investment, because it was going to keep up with inflation or get ahead of inflation, and it was just - that was America.
quote by Paul A. Volcker
Submitted by Lucian Velea
Vote! | Copy!
A Safe Man
A SAFE MAN
WITH A SAFE SMILE
SEEMED SO SAFE TO THE TOUCH
A SAFE MAN AS TO WHOM I I SAW AS MY FATHER
SO SAFE OR SO I THOUGHT
MY SAFE MAN
MY SAFE FATHER
NOT SO SAFE
MY SAFE FATHER WHOM DID THINGS THAT MADE ME FEEL INDANGERD
ON THAT NIGHT HE STOLE MY DIGNITY &+ MY SELF WORTH
MY SAFE MAN
MY SAFE FATHER
NOT SO SAFE
poem by CRZy WIERd ONe
Submitted by Poetry Lover
Vote! | Copy!
With our national savings rate well below one-percent, it is imperative that the government embrace innovative and cost-effective means of boosting personal savings.
quote by Jim Cooper
Submitted by Lucian Velea
Vote! | Copy!
We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.
quote by John W. Snow
Submitted by Lucian Velea
Vote! | Copy!
They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.
quote by Franklin Raines
Submitted by Lucian Velea
Vote! | Copy!