"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."

--

Source : James Rickards (2014). “The Death of Money: The Coming Collapse of the International Monetary System”, p.156, Penguin

James Rickards

#Hard Work Quotes #Gold Quotes #Information Quotes

“I'm taking better care of myself by eating healthy, exercising and doing my best to keep my stress level down as well as role modeling good habits for my kids.”
“To attempt to pay for salvation with church membership, prayers, or good deeds is an insult to Christ, who paid the full price-and is a rejection of the gift of God's grace.”
“Powerful to alleviate, to delay, to camouflage, though money is, in the end it lets us down.”
“The British are special. The world knows it. In our innermost thoughts we know it. This is the greatest nation on earth.”
“Yes, I remember the barbed wire and the guard towers and the machine guns, but they became part of my normal landscape. What would be abnormal in normal times became my normality in camp.”
“The workers should take over the factories, and shut down Boeingâ€™s profit-making machine,”
“Mother, recently I have discovered the one way in which human beings differ completely from other animals. Man has, I know, language, knowledge, principles, and social order, but don't all the other animals have them too, granted the difference of degree? Perhaps the animals even have religions. Man boasts of being the lord of all creation, but it would seem as if essentially he does not differ in the least from other animals. But, Mother, there was one way I thought of. Perhaps you won't understand. It's a faculty absolutely unique to man - having secrets. Can you see what I mean?”
“[Government's] great contribution to human wisdom...is the discovery that the taxpayer has more than one pocket.”

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