“The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.”
- “Adam Smith” aka George Goodman.
"Those entrapped by the herd instinct are drowned in the deluges of history. But there are always the few who observe, reason, and take precautions, and thus escape the flood. For these few gold has been the asset of last resort."
- Antony C. Sutton
A large Bank is exactly the place where a vain and shallow person in authority, if he be a man of gravity and method, as such men often are, may do infinite evil in no long time, and before he is detected. If he is lucky enough to begin at a time of expansion in trade, he is nearly sure not to be found out till the time of contraction has arrived, and then very large figures will be required to reckon the evil he has done.
- Walter Bagehot, Lombard Street. 1873
"We are in a world of irredeemable paper money - a state of affairs unprecedented in history."
- John Exter
"If you don't trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 - $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?"
- Kenneth J. Gerbino
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