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.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

If I say something which you understand fully in this regard, I probably made a mistake.

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

I'm a plain soap kind of guy.

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.