Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
I firmly believe that the army of persons who urge greater and greater centralization of authority and greater and greater dependence upon the Federal Treasury are really more dangerous to our form of government than any external threat that can possibly be arrayed against us.
When 40 billion of treasury bills are sold like, seven day treasury bills, at a yield of 1/20th of one percent, that means the whole country is basically at the point virtually, or a lot of the country is at the point of putting the money under the mattress.
When the secretary of treasury, the head of the central bank, the head of the FDIC (Federal Deposit Insurance Corp.), and the head of the New York Fed say, "We want you to do this because we think it's in the best interest of the United States of America," you know, we're like the Japanese. We're a little patriotic that way. We said, "Yes, sir!"
Just as outright euphoria is often a sign of a market top, fear is for sure a sign of a market bottom. Time and time again, in every market cycle I have witnessed, the extremes of emotion always appear, even among experienced investors. When the world wants to buy only treasury bills, you can almost close your eys and get long stocks.
Consciousness-Based Education is education that is in most ways exactly like regular education, but with the added technique of Transcendental Meditation. Transcendental Meditation, or TM as it's often referred to, allows students to dive in and experience the unbounded ocean of consciousness within each of us, the big treasury, the field within each of us that is the base of all matter and all mind. It's been found that transcending and experiencing that unbounded, eternal level of life does wonders for education, and for human beings.
People are putting their money into treasuries because they worry that the risk of putting their money into the bond market, the stock market or even the money markets is very high.
The real estate interests and banks are in a kind of symbiosis. They're the largest-growing part of the economy. This is the sector that backs the political campaigns of senators, presidents and congressmen, and they use this leverage to make sure that their people dominate the Federal Reserve, Treasury and the federal housing agencies.
The Bush administration has now provided three case studies in arrogance, isolation and destructiveness: Michael Brown during Hurricane Katrina, Ambassador Jerry Bremer in Baghdad and Secretary Paulson at Treasury. It is a tragic and very expensive legacy. No conservative and no Republican should doubt how much it has hurt our cause and our party.
No republic has long outlived the discovery by a majority of its people that they could vote themselves largesse from the public treasury.
It's as if we live in a house which has a vast treasury in one of its rooms. Only we've forgotten about it. So, instead of living a life of royalty, we go about in poverty.
Some corporations don't want free markets, and they don't want democracy. They want profits. And they use our campaign finance system to loot our commons, to steal from our treasury, and the other shared resources of our community - the air, the water, the public lands, the wildlife, the things that belong to all of us that are held in trust for future generations. Corporations cannot act philanthropically in America.
And if our goal as moral citizens is to make the world a better place, then there is only once choice: to pump as much oil as we possibly can out of Fort McMurray. Pump and steam and dig and drill and get that oil out of the sand in any and every way we can. Every drop of oil from Alberta is one less drop from some fascist theocracy, or some brutal warlord; one less cent into the treasuries of Russia's secret police and al-Qaeda's murderers.
America's universities are filled with economically ignorant haters of the free market, so university campuses have become major forums for union denunciations of such companies as Nike, Wal-mart, and others. Faculty and students claim to be concerned about 'social justice,' but they are simply being used as dupes by unions who are not at all concerned with justice of any sort. Rather, their main concern is increasing the coffers of union treasuries by driving non-union competitors from the market.
I was dupedby the Secretary of the treasury [Alexander Hamilton], and made a fool for forwarding his schemes, not then sufficiently understood by me; and of all the errors of my political life, this has occasioned the deepest regret.
There are always those who are willing to surrender local self-government and turn over their affairs to some national authority in exchange for a payment of money out of the Federal Treasury. Whenever they find some abuse needs correction in their neighborhood, instead of applying the remedy themselves they seek to have a tribunal sent on from Washington to discharge their duties for them, regardless of the fact that in accepting such supervision they are bartering away their freedom.
The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.
There is a great difference between Christianity and religion at the south. If a man goes to the communion table, and pays money into the treasury of the church, no matter if it be the price of blood, he is called religious.
God is inexhaustible in His gifts to men? Everywhere we see plenty and joy; only the greedy rich lay their hands on and keep in their treasuries too many of God's gifts, which might plentifully nourish hundreds and thousands of poor. Man! Believe firmly in God's inexhaustibility in His gifts, and willingly 'deal your bread to the hungry' (Isa. 58:7)?
As I sat opposite the Treasury Bench the ministers reminded me of one of those marine landscapes not very unusual on the coasts of South America. You behold a range of exhausted volcanoes.
Someone must stand up to those who say, "Here's the key, there's the Treasury, just take as many of those hard-earned tax dollars as you want."
The top group of fundraisers for Mr. Obama raised $457,834 for his 2008 campaign - and were approved for federal grants and loans of $11.4 billion, according to the Government Accountability Institute. Selling access to the federal treasury has been a great way for Democrats to raise campaign funds. Since 1989, according to an analysis by Gateway Pundit, big donors have provided $416 million more in direct contributions to Democrats than Republicans.
With this mistake I deprived myself of the possibility to make a contribution to the treasury of chess art.
Be ye a refuge to the fearful; bring ye rest and peace to the disturbed; make ye a provision for the destitute; be a treasury of riches for the poor; be a healing medicine for those who suffer pain; be ye doctor and nurse to the ailing; promote ye friendship, and honour, and conciliation, and devotion to God, in this world of non-existence.
According to how gifted we are, we are all given a large or small key to this treasury of wonders. I have been blessed with a small key to the world of the young. It's a place where good and evil are clearly stamped. It's a place where the better part of human nature triumphs over tragedies, and where innocence rides high. It is a great pleasure to write there, because the young have what the rest of us only envy, and that is a belief in goodness and perpetual hope.
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