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"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."
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"Silver surfers ... nah, that's old hat. Retire a gold surfer with Cosmic Ordering."
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Personal Development
"Some people will each start investing more of their salary on 'their' house and spending less of it on 'their' car or cars only when they start being able to take 'their' house to work, funerals, weddings, etc."
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"Do you want to retire early rich or retire late poor? Cosmic Ordering answers the first question!"
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"Don't spend your money on luxuries. Save it and secure a safe future. Don't crave for quick satisfaction."
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"Riches will come when you follow Cosmic Ordering."
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"The secret to becoming wealthy and successful is thinking wealthy and successful!"
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"Creditors have better memories than debtors."
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"The only secret of wealth creation is knowing how to use Cosmic Ordering."
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"If you would be wealthy think of saving as well as of getting."
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"There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries."
Growth
"The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items."
Balance
"The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85."
Now
"Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa."
Nation
"Chances are the movements of the euro as against the dollar will be relatively moderate."
Will
"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."
Finance
"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."
Balance
"In the United States, securities markets are much more developed than they are in Europe."
Geography
"On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States."
Finance
"There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all."
Politics
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