Monetary Crisis Quotes

France is the country where the money falls apart and you can't tear the toilet paper.

A disordered currency is one of the greatest political evils.

If we get to the point where we damage the full faith and credit of the United States, that would be the first default in history caused purely by insanity.

England has collapsed politically, monetarily, constitutionally, and economically. It is not reasonable to demand from them to trigger Article 50.

But if our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'

The sheer drop in sterling since 2016 is only a taste of what's to come if we continue down the destructive route of a no-deal Brexit.

After any disturbance (such as two world wars coinciding with a period of growing economic and monetary incomprehensibility) we find our old concepts inadequate and look for new ones. But it unfortunately happens that the troubled times which produce an appetite for new ideas are the least propitious for clear thinking.

Rampant inflation is just as hard to live with as the devaluation of commodities.

Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.

If our nation goes over a financial Niagara, we won't have much strength and, eventually, we won't have peace. We are currently borrowing the entire defense budget from foreign investors. Within a few years, we will be spending more on interest payments than on national security. That is not, as our military friends say, a 'robust strategy.'

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.

We are at crisis point. I think anybody that sees this nation as being on stable economic or fiscal ground is fooling themselves.

This accumulated debt at all levels of our society poses an immediate existential threat to America. Now unlike the manufactured crises of global warming and healthcare, this is a true crisis. This crisis threatens the very sovereignty of our country.

I have had many anxieties for our commonwealth, principally occasioned by the depreciation of our money.

Deficits are like putting dynamite in the hands of children. They can get out of control very quickly.

There is no doubt in my mind that as central banks begin to abandon the dollar, there will be an enormous amount of monetary demand for silver and the silver ratio will plummet. If you look at all of the monetary crises over the last 100 years, any time that there has been even a whiff of a collapse of the dollar, the silver ratio has soared.

On 5 September, when the TUC unanimously rejected wage restraint, it was the end of an era, and all the financiers, all the little gnomes in Zürich and other finance centres about whom we keep on hearing, had started to make their dispositions in regard to sterling.