Share on Facebook Share on Twitter Share via Email Print this Page [1-4] of 4Posts from Anonymous, SingaporeAnonymous, Singapore Reply Anonymous, Singapore 8/2/11 re: Buddha quote "I'd like to know what this quote, in its original tongue"...... As I have heard the Buddha's saying goes as: “Hatred is never appeased by hatred, hatred is appeased by love. This is the eternal law" 2 Reply Anonymous, Singapore 3/24/11 re: Voltaire quote Mr Waffler, Voltiare was a philosopher - can you not see the irony implied by his sentence:))))))) Seriously, this is one of the smartest quotes out of one of the smartest men, who's ever walked the earth, so please - don't make a fool of yourself trying to somehow rationalize it:))) 2 Reply Anonymous, Singapore 9/9/09 re: Marcus Tullius Cicero quote I hope people who are guilty of this will take a moment to do some self-reflections. 2 Reply Anonymous, Singapore 3/19/09 re: Voltaire quote Paper does serve its purpose of being a common agreed medium for the exchange of goods and services. And so was tally sticks as money in the 1100s -1800s England. Paper money has its beginnings as gold receipts. People would deposit their gold with goldsmiths who would issue them a gold receipt. These paper receipts were more convenient to carry around for trade as oppose to carrying around gold/silver coins. But as time passes, these goldsmiths started making gold receipts for gold that didn't even exist. Naming it "fractional reserve banking" And as paper moves away from its purpose, at the end of the day, its value is not from gold (true tangible assets) but its value lies in confidence of the people in the government that backs these paper money. And to Voltaire, to have a paper currency backed just by confidence is not true assets. Bringing the issue back to USA today, with Ben Bernanke printing money out of thin air to buy T-bills, it is really hard to have confidence in the US dollar. Looks like the FedBank is debasing the dollar fast. SaveOk2 Share on Facebook Tweet Email Print