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Fed Quotes - page 6 - Quotesdtb.com
Fed Quotes - page 6
Ron Paul: ...you have to develop the transition, and eventually the next step would be to prohibit the Fed from monetizing debt. This is the real evil. The politicians spend for war, welfare, and they don't have to do it responsibly.
Question: When you say monetize the debt, you mean they would only be able to spend the cash that they had on hand. They couldn't write any cheques for which they don't have in their account any money?
Ron Paul: That's right. And that is the key to it. Because when the Fed comes along, and there's starvation for capital and liquidity, and politicians are spending too much, the Fed can create 20, 30, 50 billion dollars in a day, just like they did trying to bail out this housing bubble crash. So they create money out of thin air endlessly, eventually that has to stop because that drives the value of the dollar down.
Ron Paul
..the equivalence of sounds, gratings, scratches, explosions, shots, blows, hammering, shouts, resonance, echoes in space; meditation of a cosmic theme, reflection for the contemplation of the earth, of magma, of lava, of ash; battlefield; garden; play-field; destiny of the ephemeral.. .Far from the cliché people have of artists holding the baggage of necessary originality, personality, style, etc., that calls for an outsider's discussion of the works, for the author there is, foremost, a nucleus of thought that is more anonymous and collective and of which artists are but humble servants. This is surely the zone where wisdom is deposited, the wisdom that one may really find beneath all ideologies and the contingencies of this world. It is the impulse of our life instinct for knowledge, love and freedom that has been kept and fed by the wisdom of all time.
Antoni TÃ pies