I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy.
Jack London
As for me, you wonder why I am a socialist. I'll tell you. It is because socialism is inevitable; because the present rotten and irrational system cannot endure; because the day is past for your man on horseback. The slaves won't stand for it. They are too many, and willy-nilly they'll drag down the would-be equestrian before he gets astride. You can't get away from them, and you'll have to swallow the whole slave-morality. It's not a nice mess, I'll allow. But it's been a-brewing and swallow it you must.
