Posts Tagged ‘treasuries’
Sheri Dillon: Government Diversified Portfolio
on Wednesday, January 11, 2017Sheri Dillon Money Quote saying as Trump conflict of interest attorney that he’ll hold a diversified portfolio that meets guidelines from the Office of Government Ethics. Sheri Dillon said:
“The President-elect has also already disposed of all of his investments in publicly traded or easily liquidated investments. As a result, the trust will have two types of assets. First, it will hold liquid assets: cash, cash equivalents, and treasuries and perhaps some positions in a government approved diversified portfolio, one that is consistent with the regulations from the Office of Government Ethics” — Sheri Dillon
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This quote from Sheri Dillon seems to be explaining the structure and assets of the trust that Donald Trump established to hold his business assets during his presidency. A few key points:
- Trump had already disposed of all his publicly traded stock investments and easily liquidated holdings prior to taking office, suggesting an effort to reduce conflicts of interest.
- The trust will contain two types of assets – liquid assets like cash, treasuries and some diversified low-risk investments approved by the Office of Government Ethics.
- This is intended to remove Trump’s control and involvement in his original business holdings while president, while still providing a return on those assets through the trust structure.
Overall, Dillon appears to be outlining how the trust was set up to manage Trump’s business interests in a way aimed at reducing perceived conflicts and adhering to ethics guidelines, while still generating returns from his original investments.
Alan Furst: Treasuries & Paper Currency
on Tuesday, September 6, 2016Alan Furst Money Quote saying the wheels of finance turn even while there is bankers wasting and the poor still in want. Alan Furst said:
“The printing presses of the state treasuries cranked out reams of paper currency- showing wise kinds and blissful martyrs- while bankers wept and peasants starved” — Alan Furst
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In this quote, Alan Furst seems to be criticizing the disconnect between a government’s monetary actions and real-world human impacts. Some key points:
- He describes state treasuries rapidly “printing” large volumes of new paper currency, suggesting inflationary monetary policy.
- Furst notes the bills depicted “wise kinds and blissful martyrs”, while bankers (representing the financial sector) were distressed (“wept”) and common people (“peasants”) suffered severe hardship (“starved”).
- This implies the money supply expansion did not truly benefit society in practice, despite the state portraying itself positively on banknotes, and even harmed the most vulnerable groups.
Overall, the quote conveys Furst’s critique that a nation can tout itself through imagery on banknotes, while its actual monetary policies create negative, even tragic consequences for regular citizens in the real economy rather than the intended outcomes. He highlights the disparity between monetary rhetoric and human impacts.
Proverbs 8: Riches, Wealth, Prosperity & Gold
on Friday, February 19, 2016Proverbs 8:18-21 Money Quote saying that every type of wealth and riches are given to the righteous followers of Christ that love his teachings. Proverbs 8:18-21 said:
“With me are riches and honor, enduring wealth and prosperity. My fruit is better than fine gold; what I yield surpasses choice silver. I walk in the way of righteousness, along the paths of justice, bestowing wealth on those who love me and making their treasuries full” — Proverbs 8:18-21
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This passage from Proverbs is conveying Wisdom (personified as a woman) describing her virtues and benefits. Some key points:
- Wisdom possesses “riches and honor, enduring wealth and prosperity” – following her path leads to long-lasting wealth, not just temporary riches.
- Wisdom’s “fruit” (her teachings and rewards) are more valuable even than precious gold and silver.
- Wisdom walks in righteousness and justice, suggesting her teachings promote moral uprightness.
- She bestows wealth/makes treasuries full for those who love her (accept her teachings).
Overall it promotes gaining true wealth and prosperity by embracing Wisdom – her teachings have intrinsic and enduring value beyond material riches alone, and loving her virtues leads to bounty rather than just wealth of gold/silver which can be fleeting. It encourages following Wisdom’s righteous paths.