Speculator Quotes
[Central banks might have to intervene to counter "perverse" or "grossly excessive" speculation. ] By such means, the monetary authorities can attempt to make the market for foreign exchange approximate toward what it would have been if there had been free competitive speculation with correct foresight of future movements. In this case all that the authorities have to do is to anticipate more correctly than private speculators the future course of exchange rates. And in so far as they do so they will make a profit at the expense of the private speculator.
James Meade
Beautiful credit The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark -- ''I wasn't worth a cent two years ago, and now I owe two millions of dollars.''
Mark Twain
If communists are in power, they enforce laws designed to protect their system, their way of life. To them, the horror of horrors is the speculator, that man of magic who has mastered the art of getting something with nothing and who in America would be a member in good standing of his local Chamber of Commerce. "The people, " however are nowhere consulted, although everywhere everything is done always in their name ostensibly for their betterment, while their real-life problems go unsolved. "The people" are a rubber stamp for the crafty and sly. And no problem can be solved without taking the police department and the armed forces into account. Both kings and bookies understand this, as do first ladies and common prostitutes.
Eldridge Cleaver
It's fun-a macabre sort of fun-this parlor game of ‘Who Goes Nazi?' And it simplifies things-asking the question in regard to specific personalities. Kind, good, happy, gentlemanly, secure people never go Nazi. They may be the gentle philosopher whose name is in the Blue Book, or Bill from City College to whom democracy gave a chance to design airplanes-you'll never make Nazis out of them. But the frustrated and humiliated intellectual, the rich and scared speculator, the spoiled son, the labor tyrant, the fellow who has achieved success by smelling out the wind of success-they would all go Nazi in a crisis.
Dorothy Thompson
[A]s long as the rate is fixed the speculator is on a one-way option. As soon as the rate is determined by the market, speculation is equal and opposite at the market rate. One has only to imagine what would be the position-and it is not an entirely out-of-the-way analogy-if there were to be fixed rates on the Stock Exchange. Everyone would know when they were false and did not correspond with the realities. The consequence would be that from time to time we should have to unpeg the fixed rates, with catastrophic changes of value, instead of the market rates being determined by the judgments of all who participate in the market. The same happens with a floating rate for a currency.
Enoch Powell
