James Rickards famous quotes

Last updated: Sep 5, 2024

When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.
-- James Rickards

#Powerful #Fighting #Government
A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.
-- James Rickards

#Hard Work #Gold #Information
Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.
-- James Rickards

#Balance #Bankers #Purpose
What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital markets. When you look at capital markets through the lens of complexity theory, you ask "what's the scale of the system?" Scale is a fancy word for size. What measures are you using? If you look at total debt, the concentration of assets in the five largest banks, what percentage of the total assets of the five largest banks are interconnected? What you see is a very densely connected, fragile system that could collapse at any moment.
-- James Rickards

#Reality #Physics #Moments
The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If we had another crisis tomorrow, and you had to do QE4 and QE5, how could you do that when you're already at $4 trillion? They might have to turn to the IMF or SDR or to Gold. Then, if you go back to the gold standard, you have to get the price right. People say there's not enough gold to support a gold standard. That's nonsense. There's always enough gold, it's just a question of price.
-- James Rickards

#People #Support #Balance

An interface can be a powerful narrative device. And as we collect more and more personally and socially relevant data, we have an opportunity, and maybe even an obligation, to maintain [our] humanity and tell some amazing stories.
It's too late. We can't win, they've gotten too powerful.
In keeping people straight, principle is not as powerful as a policeman.
We must enhance the light, not fight the darkness.
A loud noise will get your fight-or-flight response going. This, over the years, can cause real cardiovascular damage.
Though the object of being a Great Power is to be able to fight a Great War, the only way of remaining a Great Power is not to fight one.
We go fish, we also catch fighting fish, looking for birds and it was for kampong people, the paddy field was our the play field for the children.
At the same time the Muslims are commanded to exercise self-restraint as much as possible. Force is a dangerous weapon. It may have to be used for self-defense or self-preservation, but we must always remember that self-restraint is pleasing in the eyes of Allah. Even when we are fighting, it should be for a principle not out of passion.
Fighting fire with fire only gets you ashes!
You must never tire fighting Satan.

James Rickards famous quotes

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