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Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
Still
Match
Dollars
Including
Gold
Evidence
Fiat
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Premier
Stills
Dollar
Remember
Currency

More quotes by Alan Greenspan

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Rules cannot take the place of character.
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Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.
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I'm a plain soap kind of guy.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking
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Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.
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Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
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Whatever you tax you get less of.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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But rules cannot substitute for character.
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Deficit spending is simply a scheme for the confiscation of wealth.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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