Posts Tagged ‘steve forbes’

Steve Forbes: Weak Oil Dollars

Posted by admin on Sunday, May 24, 2020

Steve Forbes Money Quote saying any commodity tied to the U.S. dollar tend to fluctuate with the currency. Steve Forbes said:
 
Over time, there’s a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets weak, the price of oil, which, as you know, and other #commodities are denominated in dollars, they go up Quote
 

“Over time, there’s a very close correlation between what happens to the dollar and what happens to the price of oil. When the dollar gets weak, the price of oil, which, as you know, and other commodities are denominated in dollars, they go up” — Steve Forbes

 

Share </> Quote Image

Share the Steve Forbes Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Steve Forbes is pointing out the relationship between the value of the U.S. dollar and the price of oil over time. He notes that oil prices, like other commodities, are denominated and traded using U.S. dollars in international markets. Forbes then explains that when the dollar weakens or declines in value against other currencies, it leads to higher prices for oil and other commodities.

His rationale is that since commodities are priced in dollars, if the dollar’s purchasing power falls, producers will charge more dollars per barrel to maintain the same value. So in essence, the quote is describing how a weaker dollar can contribute to increasing oil prices through the channel of dollar-denominated commodity markets. According to Forbes, there is a close correlation historically where a less valuable dollar corresponds with higher oil price levels.

Steve Forbes: US Tax Code Length

Posted by admin on Saturday, July 3, 2010

Steve Forbes Money Quotation on the length of Tax Code compared to the far shorter length of Declaration of Independence and the Bible.c 
The Declaration of Independence, the words that launched our nation 1,300 words. The Bible, the word of God 773,000 words. The Tax Code, the words of politicians 7,000,000 words and growing! Quote
 

“The Declaration of Independence, the words that launched our nation 1,300 words. The Bible, the word of God 773,000 words. The Tax Code, the words of politicians 7,000,000 words and growing!” — Steve Forbes

 

Share </> Quote Image

Share the Steve Forbes Money quote image above on your site:

 
Short Link to this Quote:

[collapse]

 

In this quote, Steve Forbes is drawing a comparison between important founding documents like the Declaration of Independence and the Bible to highlight the excessive length and complexity of the U.S. tax code. By noting that the Declaration of Independence contained only 1,300 words to establish the principles of the nation, and the Bible contains around 773,000 words as scripture, he then points out that the tax code now contains over 7 million words and continues growing in size each year.

Forbes seems to be criticizing how bloated and convoluted the tax system has become due to endless additions and revisions by politicians over time. His point is that something as foundational as how citizens are taxed has expanded far beyond what’s reasonably necessary to administer taxes, likely making the system unduly complicated and difficult for people to understand or follow.

Money Quotes Daily

Money Quotes Daily