When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.

The worse a situation becomes the less it takes to turn it around, the bigger the upside.

We in the United States are very often - since we are a democracy and we have national interests, we've often made the mistake that a democracy has to adopt America's interests, and that is a contradiction because a democracy basically is people deciding what their interests are.

Democracy, by its very nature, can't be imposed on people. Democracy has to be the people deciding for themselves.

I admire Chancellor Merkel for her leadership qualities, but she is leading Europe in the wrong direction.

This crisis has the potential to be a lot worse than Lehman Brothers.

It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.