Timeless quotes by Baron Rothschild

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  Nataniel Mayer Victor Rothschild, 3rd Baron Rothschild:
• "It requires a great deal of boldness and a great deal of caution to make a great fortune; and when you have got it, it requires ten times as much wit to keep it."
• "When there is blood on the street, I am buying."
• "I care not what puppet is placed on the throne of England to rule the Empire, ...The man that controls Britain's money supply controls the British Empire. And I control the money supply."
• "Faithfully guard your reputation."
  
• "Never have anything to do with an unlucky place, or an unlucky man. I have seen many clever men, very clever men, who had not shoes to their feet. I never act with them. Their advice sounds very well, but they cannot get on themselves; and if they cannot do good to themselves, how can they do good to me?"
  
• "Make few acquaintances."
• On purchasing power of currencies: "I believe that money owed by one country to another, or one country to banks, or whatever it is… it will never be paid back. It could only be paid back by borrowing more, which is the same thing… it won’t be paid back. The situation is what it is. Loans were… loans were made to South America… practical none have or will be reimbursed. The countries were broke. So… or to Africa, so it has to be consolidated… if it’s done by banks, it has to be consolidated by governments.
  
  Q.- But is there a risk of massive deflation? Will, for instance, Canada and the United States that owe a lot of their money to foreign banks in Japan or elsewhere… can they go broke?
  
  R.- No… it doesn’t work that way. If you look historically, you realize that borrowing and at the later stage government borrowing, or borrowing from one country to another on the virtual governmental level, something that has always existed that has grown ever since, I don’t know… King Solomon, with his silver mines in Israel or in Palestine. And it has never been reduced… the total volume of indebtedness has grown faster or slower, depending on time, but it has never disappeared… it has never been contracted. Impossible. What happens is… as time goes on, currencies go down. Now I’m not talking about the currency of one versus the other. I’m talking of… the…( byuing power) - Baron Rothschild
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