Treasury Quotes - Page 7

• 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.

  Thomas Jefferson

  Regret, Errors, Political

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• 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.

  Calvin Coolidge

  Freedom, Self, Government

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• 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.

  Dwight D. Eisenhower

  Believe, Army, Government

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• 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.

  Bill Gross

  Dollars, Sanity, Creditors

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• Nothing brings more money to the Treasury of the United States, than investment in education of the American people.

  Nancy Pelosi

  People, United States, Investment

  "Rep. Nancy Pelosi, Sen. John McCain on avoiding automatic spending cuts". "Fox News Sunday With Chris Wallace", www.foxnews.com. February 10, 2013.

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• Italian authorities seized $6 trillion worth of fake, worthless U.S. Treasury bonds. Pretty good counterfeit job, too. They look just like the genuine, worthless Treasury bonds.

  Jay Leno

  Jobs, Italian, Fake

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• Open the books ... and you will be staggered to see how much American money has been taken from the United States Treasury for the benefit of Russia. Find out what business has been transacted for the State Bank of Soviet Russia, by its correspondent, the Chase Bank of New York [owned by the Rockefellers].

  Louis Thomas McFadden

  New York, Book, Taken

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• Politicians are just a bunch of local bandits, sent by their local voters to raid the public treasury.

  Will Rogers

  Politics, Voters, Politician

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• Neither the army nor the treasury, but friends, are the true supports of the throne; for friends cannot be collected by force of arms, nor purchased with money; they are the offspring of kindness and sincerity.

  Sallust

  Friendship, Loyalty, Kindness

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• While the feds ... leave Social Security off their books, the government's obligation to make benefit payments to current and near-term Social Security recipients is certainly no less real than its obligation to pay interest on its Treasury bonds.

  Laurence Kotlikoff

  Real, Book, Government

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• [Ben Carson] critics say that your inexperience shows. You've suggested that the Baltic States are not a part of NATO, you were unfamiliar with the major political parties and government in Israel, and domestically, you thought Alan Greenspan had been treasury secretary instead of federal reserve chair.

  Megyn Kelly

  Party, Government, Israel

  Source: www.cbsnews.com

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• Any central bank should only be in charge of liquidity. Solvency is a matter for the treasury.

  George Soros

  Matter, Should, Central Banks

  Source: www.spiegel.de

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• One should not seek among others the truth that can be easily gotten from the Church. For in her, as in a rich treasury, the apostles have placed all that pertains to truth, so that everyone can drink this beverage of life. She is the door of life.

  Irenaeus of Lyons

  Inspirational, Christian, Religious

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• Every season hath its pleasure; Spring may boast her flowery prime, Yet the vineyard's ruby treasuries Brighten Autumn's sob'rer time.

  Thomas Moore

  Spring, Autumn, Rubies

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• One of our predecessors said, "Throwing away the inexhaustible treasury of your own home, you go with your bowl from door to door, acting like a beggar"

  Zicheng Hong

  Home, Doors, Taoism

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• How Sweet the name of Jesus... the rock on which I build, my shield and hiding place, my never failing treasury, filled with boundless stores of grace.

  John Newton

  Sweet, Jesus, Rocks

  John Newton (1839). “The Works of the Rev. John Newton ... to which are Prefixed Memoirs of His Life, &c”, p.128

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• Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.

  Warren Buffett

  Pieces, World, Paper

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• That would be nice if [people] stuck [treasury bills] all under a mattress, but they got to buy something with them. Sometimes they buy a treasury note, sometimes they set up sovereign wealth funds. They can do all kinds of things. They can buy our companies here. As long as we consume more than we produce, and we trade away little pieces of the country daily, they're going to own something. Now, they can't run from American assets. I mean every day the rest of the world is going to have about two billion more of American assets than we have, as long as they sell us these goods.

  Warren Buffett

  Running, Country, Nice

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• If I were the treasury secretary or head of the Fed, you know, I would try to scare the hell the out of the private sector and say, you better save this because you're going down with the ship.

  Warren Buffett

  Trying, Scare, Ships

  "Warren Buffett: I Haven't Seen As Much Economic Fear In My Adult Lifetime". Interview With Charlie Rose, www.cnbc.com. October 1, 2008.

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• Every GOP administration since 1952 has let the Military-Industrial Complex loot the Treasury and plunge the nation into debt on the excuse of a wartime economic emergency.

  Hunter S. Thompson

  Military, Debt, Emergencies

  Hunter S. Thompson (2011). “Fear and Loathing at Rolling Stone: The Essential Writing of Hunter S. Thompson”, p.564, Penguin UK

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• The New York Times had a headline on its website - Trump Turning To Ultra Wealthy To Steer Economic Policy. This doesn't sound very populist to me. Today's commerce secretary, the names being talked about for treasury secretary, I think there will be populist talk but maybe no populist action.

  E. J. Dionne

  New York, Thinking, Names

  Source: www.npr.org

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• One of the things I think is very likely is that with the prospects of robust fiscal stimulus in response to voters mad as hell, the Fed is going to be in there with helicopter money. In other words, they're going to be buying whatever the Treasury issues. They're not going to, in effect, advocate strong fiscal stimulus and then not finance it. And that's helicopter money.

  Gary Shilling

  Strong, Thinking, Issues

  Source: markets.businessinsider.com

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• 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.

  Doug Casey

  Able, Way, Absence

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• In expectation of his demise, a successful businessman may sell out to his competitors to prepare his estate with readily marketable securities, such as U.S. Treasury bonds. The confiscatory death tax eliminates many family enterprises and promotes the growth of giant corporations.

  Hans F. Sennholz

  Successful, Expectations, Growth

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• A tipping point is invisible, as we just saw in Greece. In most situations, everything appears fine until it's not fine, until, for example, no one shows up at a Treasury auction.

  Seth Klarman

  Example, Auctions, Tipping

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