Financial Expectations Quotes



There are some who believe that this quotation demonstrates more than any other Hoover’s blind spot regarding the non-rich in America which led to his inaction in the face of the Great Depression.


The Empress at that time had never interacted with Westerners as Chinese culture regarded them as barbarians and it would be an insult to the Empress to even be in their presence. All she knew of the British was what her nobles had reported to her. A British army, under General “Chinese” Charles Gordon had been assigned by London to aid the Chinese Government to suppress the Taiping Rebellion, which it did. The Empress began to see for herself some of the behavior of the British—see {641821} and was developing and independent view of the foreign barbarians. After Gordon was successful in defeating the rebels, the Empress ordered that he be rewarded with 10,000 silver Taels—a small fortune. Her commanding general who had offered the reward had to report that Gordon refused stating that he was not a mercenary but a general commanding British Forces in service to Queen Victoria. Cixi was not only impressed by Gordon’s integrity and loyalty to his country, but was beginning to learn that the “facts” about the foreigners had not been reported accurately.


Sherman, at the height of the California Gold Rush, took a private assignment for Moffett & Company, establishing and running an assaying, banking and minting company in San Francisco
Such an interest rate was not considered high, much less usurious.