Bernard Baruch, Speech to the South Carolina Legislature, Columbia, SC (April 16, 1947); reported in Journal of the House of Representatives of the First Session of the 87th General Assembly of the State of South Carolina, p. 1085. Baruch said that the phrase "cold war" was suggested to him by H. B. Swope, editor of the New York World; the term had earlier been used by George Orwell (1945). Also quoted in: History.com (April 14, 2020): This Day in History: April 16, 1947. Bernard Baruch coins the term “Cold War". Publisher: A&E Television Networks. Archived from the original on August 12, 2021.
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Let us not be deceived — we are today in the midst of a cold war. Our enemies are to be found abroad and at home. Let us never forget this: Our unrest is the heart of their success. The peace of the world is the hope and the goal of our political system; it is the despair and defeat of those who stand against us. We can depend only on ourselves.

— Bernard Baruch on Cold War

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Let us not be deceived — we are today in the midst of a cold war. Our enemies are to be found abroad and at home. Let us never forget this: Our unrest is the heart of their success. The peace of the world is the hope and the goal of our political system; it is the despair and defeat of those who stand against us. We can depend only on ourselves." in the context of "Bernard Baruch, Speech to the South Carolina Legislature, Columbia, SC (April 16, 1947); reported in Journal of the House of Representatives of the First Session of the 87th General Assembly of the State of South Carolina, p. 1085. Baruch said that the phrase "cold war" was suggested to him by H. B. Swope, editor of the New York World; the term had earlier been used by George Orwell (1945). Also quoted in: History.com (April 14, 2020): This Day in History: April 16, 1947. Bernard Baruch coins the term “Cold War". Publisher: A&E Television Networks. Archived from the original on August 12, 2021." to mean that wisdom is timeless.

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Source: Wikiquote: "Cold War" (B) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Bernard Baruch

About Bernard Baruch

Bernard Mannes Baruch (19 August 1870 – 20 June 1965) was an American financier, stock market speculator, statesman, and presidential advisor. After his success in business, he devoted his time toward advising Democratic presidents Woodrow Wilson and Franklin D. Roosevelt on economic matters.