Vladimir Putin Quotes

Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.

As far as the Russians were concerned, I felt the reverse; they had adequate gold, if they wanted to buy, and they weren't dependent upon international trade. I felt they were more self-sufficient.

We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy, but rather to ensure foreign trade turnover. Therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as Russia's for a period of at least three months.

The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions.

Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.

I actually profoundly think the world's a better place when economics is fairly boring... The more boring the better.

New York never felt the recession. New York never felt a depression.

Americans have always been able to handle austerity and even adversity. Prosperity is what is doing us in.

Every man should make his son or daughter learn some useful trade or profession, so that in these days of changing fortunes of being rich today and poor tomorrow they may have something tangible to fall back upon. This provision might save many persons from misery, who by some unexpected turn of fortune have lost all their means.

Building a rainy-day fund during good times may not be politically popular, but it can pay off during the bad times.

By the experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system.

Gold and silver afford the only safe foundation for a monetary system.

The great amount of our revenue and the flourishing state of the Treasury are a full proof of the competency of the national resources for any emergency, as they are of the willingness of our fellow-citizens to bear the burdens which the public necessities require.

Our international trade relations, though vastly important, are in point of time and necessity, secondary to the establishment of a sound national economy. I favor as a practical policy the putting of first things first.

You cannot have a strong, resilient economy unless you have a strong resilient middle class.

The feeling of uncertainty inseparable from an irredeemable paper currency, with its fluctuation of values, is one of the greatest obstacles to a return to prosperous times. The only safe paper currency is one which rests upon a coin basis and is at all times and promptly convertible into coin.

it is easier … to stave off adversity than to preserve prosperity.

There will be no interruption of our permanent prosperity.

Without economic security, we cannot have national security.

We are not facing great economic difficulties. The Indonesian people are faring reasonably well - just compare us to India or some other countries.

I want to remind you of one thing, which is, when I look around the world and look at the long-term economic fundamentals we have in this country, I think they compare favorably with what I see in any major developed country in the world.

It is very important that people see there is a bright future, and we can re-engage that entrepreneurial spirit of the trading nation for which the U.K. has always been known - that dynamic, creative spirit.

Gold has worked for thousands of years, but now with the Internet, it works even better.

I have always said that after sport, I wanted a life, I wanted an opportunity, I wanted to be able to do something. And if something happens - the economy falls out or the dollar is worthless, anything could happen - you have to be ready to work. And I'm ready.

Unless you have economic security, then you can't have general security.