#reserve

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries. ↗

— Robert C. Solomon

#back #balance #countries #days #deficits

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it. ↗

— Robert C. Solomon

#currency #demand #growing #increasing #only

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments. ↗

— Robert C. Solomon

#become #center #currency #deficit #euro

The dollar is currently the principal reserve currency in the world. ↗

— Robert C. Solomon

#currently #dollar #principal #reserve #reserve currency

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure. ↗

— Robert C. Solomon

#between #billion #bills #currency #dollar

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve. ↗

— Robert C. Solomon

#around #based #countries #degree #dollar

Ron Paul's crazy talk about the Federal Reserve makes more sense these days. Right now, every - all this debt issued by the United States people assume the Chinese are buying, no they don't want any more American debt. Ron Paul has a point there. ↗

— Mark Steyn

#american #any #assume #buying #chinese

There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues. ↗

— Kenneth Lay

#issues #previously #problem #reserve #trading

But men must know, that in this theatre of man's life it is reserved only for God and angels to be lookers on. ↗

— Francis Bacon

#god #know #life #man #men

It is the Band which unites the Interests of Individuals; it secures to them their respective Rights, and preserves them from Injuries; it is the Source of numberless Blessings, which are interrupted, or wholly vanish, the Moment it is disturbed. ↗

— Charles Inglis

#blessings #disturbed #individuals #injuries #interests