At present, financial crises occur, chiefly because the paper currency is redeemable in gold only.
quote by John Buchanan Robinson
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In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
quote by Timothy Geithner
Submitted by Lucian Velea
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Love fed the ego.
Attention crises, identity crises,
Acceptance crises, recognition crises,
Response crises all are at naught
When you earn the glance of a woman.
The lust is the ocean that bathes the ego.
To win a woman is
More than to win a battle.
06.06.2002, pakd
poem by Rm. Shanmugam Chettiar
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We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.
quote by Larry Summers
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Financial crises require governments.
quote by Timothy Geithner
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When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
quote by John Buchanan Robinson
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Crises and deadlocks when they occur have at least this advantage, that they force us to think.
quote by Jawaharlal Nehru
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The spectacle of a great, solvent government paying a fictitious price for gold it did not want and did not need and doing it on purpose to debase the value of its own paper currency was one to astonish the world.
quote by Garet Garrett
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Financial crises play the role of producing more money up, and fear and despair, down!
aphorism by Octav Bibere
Submitted by Kitzy Bush
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Crises - financial or health - are just simple ways of governing for the mainstream suckers.
quote by Octav Bibere
Submitted by Kitsy Bush
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For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice - no paper currency, no promises to pay, but the gold of real service.
quote by John Burroughs
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Firstly, economic globalisation has brought prosperity and development to many countries, but also financial crises to Asia, Latin America and Russia, and increasing poverty and marginalisation.
quote by Anna Lindh
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There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
quote by Timothy Geithner
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The financial history of the Baltimore and Ohio since the close of the nineteenth century is interesting chiefly in connection with changes in the control of the property.
quote by John Moody
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Economic crises are designed to prevent crises of ideals.
aphorism by Octav Bibere
Submitted by Octav Bibere
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Current Currency
Dollars, euros, yen:
they’re all just pretty pieces of rags,
cotton, linen, and silk,
a bit of Crane paper, so we’re told.
Those currencies that no longer
predicate their value on precious metals,
gold or silver, for example,
have no more intrinsic worth than
fancy rags made of shirt fabrics.
Paper money is then much like
a wedding song “O, Promise Me”
performed over and over and over
until becoming superfluous.
Then the wedding guests long
for something more enduring
like Bach, Chopin, or Mendelssohn
(gold, silver, or real estate)
with no promises attached.
Then the mints are inked-up
the engraving plates polished to a sparkle,
and the fat lady is ready to sing her swan song,
“All of Me.”
At least if the current currency
breaks its promise and leaves me destitute,
with no purchasing power at all,
I can gather up all those little rectangles
and make a quilt or a pair of trousers,
if I can learn to sew.
poem by Sonny Rainshine
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Chidi
Of the Niger Delta crises and the love of your muse,
And like the 'Ekiti Elections crises' to clear my view;
But greater in merit is what i need from you my love,
Because the whole world is watching us.
To bring forth the bud of your love to me and,
Shedding no tears of love on this matter;
For my name is Chidi from the land of the crises,
A place where i found my lover.
Oh my beautiful one,
You are the right one in my eyes;
And my vineyard of love is set for you only.
Do i need to nag you my love?
And out of the thick forest with the red stew;
But try to eat nothing unclean to night,
For i have more that meets your heart.
poem by Edward Kofi Louis
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World Politics Commence Polar Shift
At present we free work
under our own direction
our own financial freedom.
World changes after June
world politics will commence
to go through a polar shift
this is recession cause effect
a financial shake up has dawned
earth quakes life focuses shift
poem by Terence George Craddock
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Paper currency has hitherto been regarded with suspicion, as insecure.
quote by John Buchanan Robinson
Submitted by Lucian Velea
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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.
quote by Robert C. Solomon
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Bimetalism
Ben Bulger was a silver man,
Though not a mine had he:
He thought it were a noble plan
To make the coinage free.
'There hain't for years been sech a time,'
Said Ben to his bull pup,
'For biz-the country's broke and I'm
The hardest kind of up.
'The paper says that that's because
The silver coins is sea'ce,
And that the chaps which makes the laws
Puts gold ones in their place.
'They says them nations always be
Most prosperatin' where
The wolume of the currency
Ain't so disgustin' rare.'
His dog, which hadn't breakfasted,
Dissented from his view,
And wished that he could swell, instead,
The volume of cold stew.
'Nobody'd put me up,' said Ben,
'With patriot galoots
Which benefits their feller men
By playin' warious roots;
'But havin' all the tools about,
I'm goin' to commence
A-turnin' silver dollars out
Wuth eighty-seven cents.
'The feller takin' 'em can't whine:
(No more, likewise, can I):
They're better than the genooine,
Which mostly satisfy.
'It's only makin' coinage free,
And mebby might augment
The wolume of the currency
A noomerous per cent.'
I don't quite see his error nor
Malevolence prepense,
But fifteen years they gave him for
That technical offense.
poem by Ambrose Bierce
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