Certificates Quote by Carroll Quigley
“When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue.”
About This Quote
Source Book: Nations and Money, 1965
International trade requires payment in universally accepted assets, not domestic paper money.
In simple terms: Use gold or commodities for trade.
Key Takeaway
Adopt stable exchange mediums.
Themes
international trade
currency
gold standard
Mood
analytical
cautious
Type
historical
economic
When to use this quote
- cross‑border commerce
- import‑export contracts
- financial policy
Key Concepts
economic stability
commodity money
exchange mechanisms
Questions to Reflect On
- Can digital currencies replace gold?
- What modern alternatives ensure trust?
A Different Perspective
Gold standard is impractical today due to liquidity issues.
![“I have people that have been studying [Obama's birth certificate] and they cannot believe what they're finding... I would like to have him show his birth certificate, and can I be honest with you, I hope he can. Because if he can't, if he can't, if he wasn't born in this country, which is a real…” quote by Donald Trump](https://sms4smile.com/quotes/img-quotes/4eb/donald-trump-18_being-honest_i-have-people-that-have-been-studying-ob_64831.jpg)
