Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.

Anticipating attacks, I should like to emphasize that I do not subscribe to the myths propagated by enemies of Israel and I am not blaming Jews for anti-Semitism. Anti-Semitism predates the birth of Israel. Neither Israel's policies nor the critics of those policies should be held responsible for anti-Semitism. At the same time, I do believe that attitudes toward Israel are influenced by Israel's policies, and attitudes toward the Jewish community are influenced by the pro-Israel lobby's success in suppressing divergent views.

Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.

The global crisis is caused by pathologies inherent in the global financial system itself.

American supremacy is the greatest threat to the world today.

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.

America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.