So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
I'm alarmed at what's happening in Canada. I'm vested here.
I never, ever, ever let emotion get in the way of an investment.
Imagine how foolish you'd look if, like one clever salesman who once pitched to me, you tried to license your product to a big industry player without knowing they just launched a competing product. With the right background research, he could have avoided that and other landmines - and so can you.
Don't cry about money, it never cries for you.
So much of life is a negotiation - so even if you're not in business, you have opportunities to practice all around you.
If you put Canada into $1. 5 trillion in debt and interest rates go up just 200 basis points, you cannot provide the services to 36 million people that were guaranteed to them in the social contract they have with Canada. That's a very, very scary prospect. You can't burden this economy with that much debt. The risk you take on is insurmountable. You have to assume for the next 50 years that rates don't go up? That's insane. That's irresponsible. That's stupid.
If you look at a testimony of love from 2,000 years ago it can still exactly speak to you, whereas medical advice from only 100 years ago is ridiculous.
The world is not made for the prosperous alone, nor for the strong.
The size of the lie is a definite factor in causing it to be believed, for the vast masses of the nation are in the depths of their hearts more easily deceived than they are consciously and intentionally bad. The primitive simplicity of their minds renders them a more easy prey to a big lie than a small one, for they themselves often tell little lies but would be ashamed to tell a big one.
You need a team that's going to care about this thing as much as you do.