Currency Quotes - Page 20

• We take smaller companies and middle-sized companies, all around the world, and we do currency exchange for them; we raise bonds and equities for them; and we do inventory finance, trade finance, and custody of assets.

  Jamie Dimon

  Inventory, World, Custody

  Source: asia.nikkei.com

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• America doesn't make product anymore. You have other countries devalue their currencies. They make it impossible.

  Donald Trump

  Country, America, Impossible

  Source: abcnews.go.com

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• You have companies over in different countries where they devalue their currency and they make it impossible for American companies to compete.

  Donald Trump

  Country, Different, Impossible

  Source: abcnews.go.com

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• The reason we need to have a gold and silver based currency is to bring discipline to the financial system so the government can't go out and do all sorts of bad things.

  Bernard von NotHaus

  Government, Discipline, Gold

  Source: www.wherestherage.com

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• I think something like three-quarters of American currency is held abroad, by drug dealers, by tax evaders, Russians and Chinese. Other people think that they want to protect themselves against their own currency going down. When you have 75% of the currency and even more of the high-denomination $100 bills held abroad, you wonder whether these are people we really want to pay. If you get rid of the $100 bills, its foreign holders will be the main losers.

  Michael Hudson

  Thinking, People, Drug

  Source: www.counterpunch.org

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• The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.

  Milton Friedman

  Recipes, Want, Asia

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• This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in a while somebody will buy a 50-year-old bottle of wine and say, "Wait a minute. This has gone bad." The answer is, "Well, that wine isn't for drinking; that's for trading." These $100 bills aren't meant to circulate. They're not to spend on goods and services. They're a store of value. They're a form of saving.

  Michael Hudson

  Drinking, Wine, Years

  Source: www.counterpunch.org

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• To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.

  Milton Friedman

  Independent, Unions, States

  Source: www.huffingtonpost.com

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• There are so many currency exchange rate problems that people are buying gold as a safe haven. Right now, gold looks like a safe haven if international exchange rates break down.

  Michael Hudson

  Safe Haven, People, Gold

  Source: www.counterpunch.org

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• Look at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.

  Michael Hudson

  Ukraine, Looks, Imf

  Source: www.counterpunch.org

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• In the end, the British didn't vote to leave because of the euro. They're not even members of the currency union. Even the refugee crisis hardly affected the country.

  Jean-Claude Juncker

  Country, Refugee Crisis, Unions

  Source: www.spiegel.de

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• 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

  Thinking, Law, Gold

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• Fed role - legal system, currency & defense, within its means.

  Pat Toomey

  Mean, Defense, Roles

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• I pay tribute to John Major's achievement in persuading the other 11 Community Heads of Government that they could move ahead to a Social Chapter but not within the treaty and without Britain's participation. It sets a vital precedent. For an enlarged Community can only function if we build in flexibility of that kind... John Major deserves high praise for ensuring at Maastricht that we would not have either a Single Currency or the absurd provisions of the Social Chapter forced upon us: our industry, workforce, and national prosperity will benefit as a result.

  Margaret Thatcher

  Moving, Government, Achievement

  "Europe’s Political Architecture". Margaret Thatcher's Speech, www.margaretthatcher.org. May 15, 1992.

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• Confidence, not paper or digital money, is the key currency in a capitalist system.

  Mal Fletcher

  Keys, Paper, Digital

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• One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.

  Charles Hugh Smith

  Dirty, Secret, Rising

  "Phantom Profits Will Vanish As The Dollar Strengthens" by Charles Hugh Smith, www.businessinsider.com. February 22, 2012.

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• The founders of our nation feared paper currency because it gave government the means to steal from its citizens.

  Walter E. Williams

  Mean, Government, Citizens

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• Government intervention in the economy - through taxes, regulation and, most importantly, currency inflation - causes distortions and misallocations of capital that must eventually be unwound. The distortions degrade the general standard of living, and the economy goes into a recession (call that an incomplete cleansing). Or it goes into a depression - wherein the entire sickly structure comes unglued.

  Doug Casey

  Government, Regulation, Cleansing

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• The natural tendency of government, once in charge of money, is to inflate and to destroy the value of the currency.

  Murray Rothbard

  Government, Natural, Tendencies

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• Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

  Murray Rothbard

  Giants, Raises, Units

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• Our contemporary brand of socialism has one fatal flaw. It's too expensive. When you try to shower benefits on so many recipients, you eventually must resort to subterfuge. Foremost among those tricks is money and credit expansion. Inevitably, you debase your currency.

  James Cook

  Trying, Credit, Benefits

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• [Virtual Currencies] may hold long-term promise, particularly if the innovations Promote a faster, more secure and more efficient payment system.

  Ben Bernanke

  Long, Innovation, Promise

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• If all bank loans were paid, there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.

  Robert W. Hemphill

  Dollars, Banking, Coins

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• The currency bill we have would finally do something for China`s rapacious policies.

  Charles Schumer

  Bills, China, Policy

  Source: www.nbcnews.com

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• I am deeply skeptical of trade deals in general.But the only way they can get a number of Democrats is by doing a strong real currency bill that goes after the worst of the trading partners, the one that`s stealing our high-end jobs.

  Charles Schumer

  Strong, Jobs, Real

  Source: www.nbcnews.com

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