Lord Byron: Gold Bank Credit

Lord Byron Money Quote saying gold is so much more substantial than paper and credit from banks. Lord Byron said:
 

 

“O Gold! I still prefer thee unto paper, which makes bank credit like a bark of vapor” — Lord Byron

 
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Samuel Johnson: Unsuitable Cost

Samuel Johnson Money Quote saying if you spend too much for pleasure, it is likely to be painful in the end. Samuel Johnson said:
 

 

“Pleasure that is obtained by unreasonable and unsuitable cost, must always end in pain” — Samuel Johnson

 
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Ray Dalio: Printing Money

Ray Dalio Money Quote saying monopoly money and monopoly bankers who redistribute money to monopoly players. Ray Dalio said:
 

 

“Printing money is the most expedient, least well-understood, and most common big way of restructuring debts. It’s like playing Monopoly in a way where the banker can make more money and redistribute it to everyone when too many of the players are going broke and getting angry” — Ray Dalio

 
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Donald Trump: Banks Incoherent

Donald Trump Money Quote saying banks of all sizes are processing loans for businesses of all sizes. Donald Trump said:
 

 

“Just like we’re going to help the airlines and the big companies, we’re going to help the little companies. And the banks are run – nobody is equipped to do a thing like that, but the banks are equipped. So, the banks are doing it. Big banks, small banks. We have many banks — community banks — and they’re processing the loans” — Donald Trump

 
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David McWilliams: Pandession Is

David McWilliams Money Quote saying Irish economist that the global pandemic is having new effects on the world economy which requires a new term he has coined – Pandession. David McWilliams said:
 

 

“We are not living through a recession. Nor are we witnessing a depression. We are suffering from something new, something I’d like to term a “Pandession”. We have chosen to minimise needless death at the price of huge economic damage. This economic, social and political destruction is the Pandession” — David McWilliams

 
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Robert Kiyosaki: Gold & Silver

Robert Kiyosaki Money Quote saying the commodities market is above the fray and have more value than cash. Robert Kiyosaki said:
 

 

“Commodities such as gold and silver have a world market that transcends national borders, politics, religions, and race. A person may not like someone else’s religion, but he’ll accept his gold” — Robert Kiyosaki

 
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Donald Trump: Not Financial Crisis

Donald Trump Money Quote saying there is no money problem here because everyone will come together to solve the virus problem. Donald Trump said:
 

 

“This is not a financial crisis. This is just a temporary moment of time that we will overcome together as a nation” — Donald Trump

 
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Robert Hunter: Windfall Profits

Robert Hunter Money Quote saying as director of insurance for the Consumer Federation of America that auto insurance companies should return excess profits to consumers. Robert Hunter said:
 

 

“Windfall profits for auto insurers and excessive auto insurance premiums should not be another harm visited upon consumers from COVID-19” — Robert Hunter

 
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To get a face mask click the image below:

 
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