Dan Kaminsky Quotes

The markets don't like instability and they don't like uncertainty.

People clinging to job security, savings, retirement plans, and other relics will be the ones financially-ravaged from 2010-2020, the most volatile world-changing decade in history.

What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.

Turkey is widely envied while there are very serious troubles in the world economy.

If we leave the European Union it's a risk to our economy - it's a risk to pensioners, it's a risk to homeowners, it's a risk to people in work.

The Mexican debt crisis, Latin American debt crisis, the crises of the 1990s, the Wall Street stock market crash, and other events should have reminded us, and did remind us, that financial instability remains a concern, remains a problem.

One day we will have more inflation, and our bonds will bleed like a pig. The only reason for buying long bonds is short-term or as a desperate haven for terrorized investors. But the potential to make longer-term real money is naught.

I think money is due for some sort of collapse. People are going to realize that money has a half-life, like radioactive elements.

The stock market crash in October 1929 didn't destroy a particularly large amount of wealth or make people highly pessimistic. Rather, it made companies and consumers very unsure about future income, and so led them to stop spending as they waited for more information.

I don't know what a credit bubble means. I don't even know what a bubble means. These words have become popular. I don't think they have any meaning.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

I have met too many people who are looking for work, worrying about their mortgage, uncertain about their health insurance, and doubting that things will get any better anytime soon. Not just concerned about the present, many of us are doubting the future.

There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.

The best way to destroy the capitalist system is to debauch the currency.

So, there is enormous instability in the global economy with a shift of winners and losers.

Uncertainty is killing this economy.

What we need to understand is, one, that there are market failures; and two, that there are things like asset bubbles and irrational exuberance. There are periods of booms, bubbles, and manias. These things, if left to themselves, can lead to crashes, to busts, to panics.

Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger.

At many points during our nation's history, there have been times - known in our history textbooks as 'panics' - when adverse conditions affecting the financial and economic sectors of the country have caused individuals to hoard more than they need.

Today the financial market is no good, but the money is there.

We do not want financial convulsions.

Long before we wake up from our dream of prosperity through an inflated currency, our gold … will have vanished and no rate of interest will tempt it to return.

... a baseless currency varying every fifty miles and fluctuating everywhere.

The Medium of Exchange, the only thing which gives life to Business, Employs the Poor, Feeds the Hungry, and Cloaths the Naked, is so Exhausted; that in a little time we shall not have wherewith to Buy our Daily Bread, much less to pay our Debts or Taxes

In all Sovereignties in Europe where Paper-Money was introduced, great Inconveniencies happened; upon canceling this Paper Medium all those Inconveniencies did vanish