Quotes by James Rickards - Page 1

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.
James Rickards / Author
Balance
Bankers
Purpose
Copy Quote
A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.
James Rickards / Author
Gold
Hard Work
Information
Copy Quote
When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.
James Rickards / Author
Government
Fighting
Powerful
Copy Quote
The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If we had another crisis tomorrow, and you had to do QE4 and QE5, how could you do that when you're already at $4 trillion? They might have to turn to the IMF or SDR or to Gold. Then, if you go back to the gold standard, you have to get the price right. People say there's not enough gold to support a gold standard. That's nonsense. There's always enough gold, it's just a question of price.
James Rickards / Author
Balance
People
Support
Copy Quote
What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital markets. When you look at capital markets through the lens of complexity theory, you ask "what's the scale of the system?" Scale is a fancy word for size. What measures are you using? If you look at total debt, the concentration of assets in the five largest banks, what percentage of the total assets of the five largest banks are interconnected? What you see is a very densely connected, fragile system that could collapse at any moment.
James Rickards / Author
Moments
Physics
Reality
Copy Quote

Related Author Authors

Zig Ziglar
Author
Saturday, Nov 06, 1926
Wednesday, Nov 28, 2012
Wayne Dyer
Author
Friday, May 10, 1940
Saturday, Aug 29, 2015
Stephen Covey
Author
Monday, Oct 24, 1932
Monday, Jul 16, 2012
Peter Drucker
Author
Friday, Nov 19, 1909
Friday, Nov 11, 2005
Napoleon Hill
Author
Friday, Oct 26, 1883
Sunday, Nov 08, 1970
Maya Angelou
Author
Wednesday, Apr 04, 1928
Wednesday, May 28, 2014
Les Brown
Author
Saturday, Feb 17, 1945
John Muir
Author
Saturday, Apr 21, 1838
Thursday, Dec 24, 1914
John C. Maxwell
Author
Thursday, Feb 20, 1947
Henry David Thoreau
Author
Saturday, Jul 12, 1817
Tuesday, May 06, 1862
Helen Keller
Author
Sunday, Jun 27, 1880
Saturday, Jun 01, 1968
Ernest Hemingway
Author
Friday, Jul 21, 1899
Sunday, Jul 02, 1961
Edgar Allan Poe
Author
Thursday, Jan 19, 1809
Sunday, Oct 07, 1849
Deepak Chopra
Author
Wednesday, Oct 22, 1947
Zz Packer
Author
Friday, Jan 12, 1973

View All Author Quotes

Top Authors

Niccolo Machiavelli
Historian
Monday, May 03, 1469
Tuesday, Jun 21, 1527
Carl Sagan
Astronomer
Friday, Nov 09, 1934
Friday, Dec 20, 1996
Pope Francis
Thursday, Dec 17, 1936
Mahatma Gandhi
Civil Rights Leader
Saturday, Oct 02, 1869
Friday, Jan 30, 1948
Martin Luther
Monk
Saturday, Nov 10, 1483
Monday, Feb 18, 1546
Marcus Aurelius
Roman Emperor
Saturday, Apr 26, 0121
Friday, Mar 17, 0180
Billy Graham
Evangelist
Thursday, Nov 07, 1918
Dwight D. Eisenhower
34Th U.s. President
Tuesday, Oct 14, 1890
Friday, Mar 28, 1969
Heraclitus
Philosopher
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
Thomas Aquinas
Priest
Tuesday, Jan 28, 1225
Wednesday, Mar 07, 1274
Socrates
Philosopher
Thursday, Jan 01, 1970
Thursday, Jan 01, 1970
Kim Kardashian
Television Personality
Tuesday, Oct 21, 1980
Elon Musk
Investor
Monday, Jun 28, 1971
John Locke
Philosopher
Sunday, Aug 29, 1632
Tuesday, Oct 28, 1704
Abraham Lincoln
16Th U.S. President
Sunday, Feb 12, 1809
Saturday, Apr 15, 1865

View All Authors

James Rickards Quotes - Page 1

Picture Quotes Maker

Related Author Authors

Popular Topic Tags

Top Authors

Share This Page

Stay Connected

Picture Quotes Maker

Related Author Authors

Popular Topic Tags

Top Authors

Share This Page