Addison Wiggin famous quotes

Last updated: Sep 5, 2024

The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral.
-- Addison Wiggin

#Mean #Oil #Dollars
For those who unfairly lump Social Security in with Bernie Madoff, in all fairness, you should point out the difference. No one was ever legally required to pay money to Madoff.
-- Addison Wiggin

#Differences #Pay #Fairness
Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.
-- Addison Wiggin

#Real #Debt #United States

Humility means that one should not be anxious to have the satisfaction of being honored by others.
I find placebos uplifting and exhilarating. It means that taking action--no matter what the action is--might help you feel better.
India must achieve the real goal?that is energy independence or an economy which will function well within total freedom from oil, gas or coal imports.
To fight, we must have oil for our machine.
American companies will have a big shot at Iraqi oil,
To ask whether the mainstream media has a conservative or liberal bias is like asking whether al-Qaida uses too much oil in their hummus. It's - I think they might use too much oil in their hummus - but it's the wrong question.
The way to bring gas prices down is to end our dependence on oil and use the renewable sources that can give us the equivalent of $1 per gallon gasoline.
I admit that these terms and the diagrams connected with them repel some readers, and fill others with the vain imagination that they have mastered difficult economics problems, when really they have done little more than learn the language in which parts of those problems can be expressed, and the machinery by which they can be handled. When the actual conditions of particular problems have not been studied, such knowledge is little better than a derrick for sinking oil-wells erected where there are no oil-bearing strata.
We know that pumping oil out of the ground does not create many jobs. It does not foster an entrepreneurial spirit, nor does it sharpen critical faculties.
We must develop huge demonstrations, because the world is used to big dramatic affairs. They think in terms of hundreds of thousands and millions and billions... Billions of dollars are appropriated at the twinkling of an eye. Nothing little counts.

Addison Wiggin famous quotes

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