Reserves Quotes - Page 10

• Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.

  Michael Hudson

  Real, Income, Gains

  Source: www.counterpunch.org

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• People in America get really angry at the Federal Reserve and at the "money system" in general during economic crises. The Fed draws hostility because of its power, its insulation from democratic accountability, its lack of transparency, and because of its historical and structural connections to finance.

  Gerald Epstein

  America, People, Accountability

  Source: www.truth-out.org

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• The Fed cannot reduce inequality on its own; far from it. This requires a concerted effort by the government, broadly speaking, to support a variety of efforts. These include things like raising the federal minimum wage, eliminating unfair restrictions on union organizing, increased fiscal spending on needed infrastructure with a condition that these jobs will be decent paying jobs. Of course, this is just the tip of the iceberg, and far from the question of the role of the Federal Reserve.

  Gerald Epstein

  Jobs, Government, Support

  Source: www.truth-out.org

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• The United States is the most indebted country in the world. It has almost 17 billion dollars of debt with the rest of the world while living off the world's savings. They are living off the savings of the people of Greece, the savings of the people of Spain, France etc. All of those countries that save their reserves in the banks in dollars are simply financing the American economy, and that is why the average American citizen consumes two and a half times more than their income.

  Alejandro Castro Espin

  Country, Average, Two

  "The Future of Cuba". Interview with Lasonas Pipinis Velasco, www.counterpunch.org. February 27, 2015.

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• More recently the US has more accurately been viewed as a militarist 'empire' that fights destructive wars and intervenes in a variety of societies, especially in the Middle East to retain control over oil reserves, and lends crucial support to Israel that not only oppresses the Palestinian people but threatens to convert the entire region into a war zone.

  Richard A. Falk

  War, Fighting, Oil

  Source: www.counterpunch.org

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• A price on carbon sufficient to keep 80% of current reserves underground, rebated directly to citizens.

  Bill McKibben

  Citizens, Currents, Carbon

  Source: thinkprogress.org

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• You should know that what wakes me up at night, what gets me running fast in the morning, and, frankly, what prompts me to lose any semblance of my habitual reserve is the conviction that work doesn't have to be this grim. We can do better.

  Marcus Buckingham

  Running, Morning, Night

  Source: bobmorris.biz

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• I also believe that most of the emerging economies have a fairly large amount of foreign exchange reserves, relative to 10 years ago.

  Jamie Dimon

  Believe, Years, Economy

  Source: asia.nikkei.com

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• Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.

  Bill Maher

  Thinking, Over You, Said

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• I have criticized it [Europe], but I repeat: we keep 40 percent of our gold and foreign currency reserves in euros, we are not interested in the collapse of the Eurozone, but I do not rule out the possibility of decisions being made that would consolidate a group of countries equal in economic development and this, in my opinion, will lead to a consolidation of the euro. But there can also be some interim decisions in order to keep the present number of members of the Eurozone unchanged.

  Vladimir Putin

  Country, Order, Europe

  Source: thesaker.is

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• This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.

  Vladimir Putin

  Thinking, Europe, Oil

  Source: thesaker.is

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• I know very well about the necessary level of reserves of the Central Bank as well as the purpose.

  Vladimir Putin

  Purpose, Levels, Wells

  Source: thesaker.is

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• We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy, but rather to ensure foreign trade turnover. Therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as Russia's for a period of at least three months.

  Vladimir Putin

  Russia, Gold, Three

  Source: thesaker.is

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• If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.

  Vladimir Putin

  Gold, Six Months, Levels

  Source: thesaker.is

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• Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.

  Vladimir Putin

  Order, Gold, Levels

  Source: thesaker.is

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• All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.

  Vladimir Putin

  Issues, Gold, Regulation

  Source: thesaker.is

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• Let us not forget that we have two governmental reserve funds: the Reserve Fund and the National Wellbeing Fund that represent together $100 billion.

  Vladimir Putin

  Two, Together, Forget

  Source: thesaker.is

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• Given the cost of borrowings and the $100 billion in Government reserves, there is no reason for us to borrow. We should review the situation carefully. Besides, borrowings are possible, but we must understand what is more profitable at this point.

  Vladimir Putin

  Government, Cost, Reason

  Source: thesaker.is

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• We are not going to waste our reserves and burn them for any political ambitions. We will act very carefully.

  Vladimir Putin

  Ambition, Political, Waste

  Source: thesaker.is

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• Speaking about our largest oil company Rosneft, and I recalled in the beginning that almost 20 percent of it [19.7] belongs to BP. Who's company is that? British Petroleum, isn't it? I suppose that is not bad. I have to tell that British Petroleum's capitalization is significantly related to the fact that it owns more than 19 percent of Rosneft, which has vast oil reserves both in Russia and abroad. This has its impact on the company's stability as well.

  Vladimir Putin

  Impact, Russia, Oil

  Source: thesaker.is

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• Once the government runs out of foreign and private sector bidders for new Treasurys, the Federal Reserve will be the only buyer, and the hyper-inflation cat will be completely out of the bag.

  Peter Schiff

  Running, Cat, Government

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• After 9/11, I went to work with Republican mayor, governor and president to rebuild New York and to get health care for our first responders who were suffering because they had run toward danger and gotten sickened by it. Hundreds of thousands of National Guard and Reserve members have health care because of work that I did, and children have safer medicines because I was able to pass a law that required the dosing to be more carefully done.

  Hillary Clinton

  Running, New York, Children

  "Transcript of the Second Debate". www.nytimes.com. October 10, 2016.

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• I will totally accept the results of this great and historic presidential election if I win. I would also reserve my right to contest or file a legal challenge in the case of a questionable result.

  Donald Trump

  Winning, Presidential, Challenges

  Source: www.msnbc.com

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• What does nonalignment mean? It means we don't belong to any military bloc and that we reserve the right to be friends with any country, independently of the influence of any country. All this has remained unchanged after the signing of the Indo-Soviet treaty, and others can say or think what they like - our policy won't change because of the Soviet Union.

  Indira Gandhi

  Country, Military, Mean

  Source: sangam.org

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• I enjoyed the army reserve, and I learned a lot from it, but I also... it helped me work out that I didn't want to live in that kind of closed environment.

  Garth Nix

  Army, Work Out, Want

  Source: www.teachingbooks.net

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