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Reserves Quotes

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Reserves Quotes

“Many a rich man’s bed is bigger than many a poor woman’s bedroom; his bedroom, her house.”

“Oil may run out, liquidity may dry up, but as long as ink flows freely, the next chapter of Life will continue to be written.”

“The Jews might have had Uganda, Madagascar, and other places for the establishment of a Jewish Fatherland, but they wanted absolutely nothing except Palestine, not because the Dead Sea water by evaporation can produce five trillion dollars of metaloids and powdered metals; not because the sub-soil of Palestine contains twenty times more petroleum than all the combined reserves of the two Americas; but because Palestine is the crossroads of Europe, Asia, and Africa, because Palestine constitutes the veritable center of world political power, the strategic center for world control.”

“The best thing I have are 5 percent bonds from 1780, denominated from $1 to $20. As far as I can tell, they are obligations from the United States of America, so I should be able to walk down to the Federal Reserve and redeem the uncanceled ones. With 217 years of accrued interest, for a $20 bond, that's about $800,000.”

“Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.”

“The issuing power [of money] should be taken from the banks and restored to the people, to whom it properly belongs.”

“There is no firm reason to anticipate that the intellectual capacities of peoples geographically separated in their evolution should prove to have evolved identically. Our wanting to reserve equal powers of reason as some universal heritage of humanity will not be enough to make it so.”

“In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.”

“In times of crisis our nation depends on the courage and determination of the Guard. You know the call of active duty can come at any time. You stand ready to put your lives on hold and answer that call, ... And you did so because you love your state and your country. America appreciates your courageous decision to serve. Together with your comrades in the Army, Navy, Air Force and Marine Reserves, you are showing that patriotism is alive and well in Idaho and throughout the United States.”

“In the United States we have, in effect, two governments ... We have the duly constituted Government ... Then we have an independent, uncontrolled and uncoordinated government in the Federal Reserve System, operating the money powers which are reserved to Congress by the Constitution.”

“A strong defense is the surest way to peace. Strength makes detente attainable. Weakness invites war, as my generation - my generation - knows from four very bitter experiences. Just as America's will for peace is second to none, so will America's strength be second to none. We cannot rely on the forbearance of others to protect this Nation. The power and diversity of the Armed Forces, active Guard and Reserve, the resolve of our fellow citizens, the flexibility in our command to navigate international waters that remain troubled are all essential to our security.”

“Those who dwell among the beauties and mysteries of the earth are never alone or weary of life. Those who contemplate the beauty of the earth find reserves of strength that will endure as long as life lasts. The more clearly we can focus our attention on the wonders and realities of the universe, the less taste we shall have for destruction.”

“The whole financial structure of Wall Street seems to rise or fall on the mere fact that the Federal Reserve Bank raises or lowers the amount of interest. Any business that can't survive a one percent change must be skating on thin ice. Why even the poor farmer took a raise of another ten percent just to get a loan from the bank, and nobody from the government paid any attention. But you let Wall Street have a nightmare and the whole country has to help to get them back into bed again.”

“The power and diversity of the Armed Forces, active Guard and Reserve, the resolve of our fellow citizens, the flexibility in our command to navigate international waters that remain troubled are all essential to our security.”