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.

We also confuse trust with familiarity.

Trust is a skill learned over time so that, like a well-trained athlete, one makes the right moves, usually without much reflection.

What gives life meaning is a form of rebellion, rebellion against reason, an insistence on believing passionately what we cannot believe rationally. The meaning of life is to be found in passion—romantic passion, religious passion, passion for work and for play, passionate commitments in the face of what reason knows to be meaningless.

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.

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.

Trust opens up new and unimagined possibilities.