If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.

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The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar.

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The claim made by Team Obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. The costs of stimulus reduce future growth. No country has ever spent itself to prosperity. The price of stimulus has to be paid sometime.

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In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

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You need in the long run for stability, for economic growth, for jobs, as well as for financial stability, global economic institutions that make sure that growth to be sustained has to be shared, and are built on the principle that the prosperity of this world is indivisible.

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Global markets must be balanced by global values such as respect for human rights and international law, democracy, security and sustainable economic and environmental development.

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After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.

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No Closure Caesura for Foreclosure's Stor[m]y Seize Usury

Bernanke expounds,
dollar [g]reefs on global seizure
sum subprime surrounds


Foreclosure hounds
guilty conscience sinecure
stern bear pounds.


Incompetence grounds.
Responsibilities? ... cure?
interest compounds.

_____

Bernanke errs OR BernANKE eRS

________

Some Sublime Subprime Err Rounds


dollar [g]reefs on global seizure

dollar reefs/griefs on global seas' err... or sees your
some sum...

(c) Jonathan Robin - robi3_1729_robi3_0000 HWX_JXX 12 April 2008

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Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

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Top Dollar

Well I tried to find something
Something to hold on to
I thought it was you cause Im sick and tired
Of trying to make something
Something out of nothing
I guess since you were bluffing
Now I think Im losing my mind
The pain in my heart
Was it worth the price?
The pain in my heart
Was it worth the time I wasted on you?
Youre giving me the top dollar blues
And I gave you it all, all
All that I could give you
Youve taken what Ive given
Ynd thrown it all away
Like its nothing
Never meant nothing
Now Im left with nothing
What an awful price Ive paid
The pain in my heart,
Was it worth the price?
The pain in my heart,
Was it worth the time I wasted on you?
Youre giving me the top dollar blues.
Ive bet all my money and thats how it goes
You ran a good race
But you lost just by a nose
Its true.
Baby, youre giving me the top dollar blues.
The top dollar blues,
I gave you it all, all
All that I could give you
And the top dollar blues
Top dollar blues

song performed by by WhiskeytownReport problemRelated quotes
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Top Dollar

Well I tried to find something
Something to hold on to
I thought it was you cause Im sick and tired
Of trying to make something
Something out of nothing
I guess since you were bluffing
Now I think Im losing my mind
The pain in my heart
Was it worth the price?
The pain in my heart
Was it worth the time I wasted on you?
Youre giving me the top dollar blues
And I gave you it all, all
All that I could give you
Youve taken what Ive given
Ynd thrown it all away
Like its nothing
Never meant nothing
Now Im left with nothing
What an awful price Ive paid
The pain in my heart,
Was it worth the price?
The pain in my heart,
Was it worth the time I wasted on you?
Youre giving me the top dollar blues.
Ive bet all my money and thats how it goes
You ran a good race
But you lost just by a nose
Its true.
Baby, youre giving me the top dollar blues.
The top dollar blues,
I gave you it all, all
All that I could give you
And the top dollar blues
Top dollar blues

song performed by by WhiskeytownReport problemRelated quotes
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Achieving price stability is not only important in itself, it is also central to attaining the Federal Reserve's other mandate objectives of maximum sustainable employment and moderate long-term interest rates.

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Million Dollar Face

You were hungry for the lights,
You spent your nights with socialites
Youre a million-dollar baby
With the million dollar blues
And you only gave your time to people you could use
Million dollar face with million dollar grace
You got off to a real bad start
Million dollar face in million dollar lace
You wound with a two cent heart
You were mine for just a little while
But true to style and with a smile you said,
I have to leave you, baby, hold me one more time
cause I know where I should be and its a long hard climb
Million dollar face with million dollar grace
You got off to a real bad start
Million dollar face in million dollar lace
You wound with a two cent heart
Million dollar face with million dollar grace
You got off to a real bad start
Million dollar face in million dollar lace
You wound with a two cent heart

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A Reformed Penny Pincher

I've figured it out,
I'm more on top...
Than just a dollar.
And I don't bother,
To worry about how many I've got.

I've figured it out,
I'm more on top...
Than just a dollar.
And I don't bother,
To worry about how many I've got.

My worth is not how much I've got up in my pockets.
Copped up in stocks.
Or...
Those markets to be watched.

Nor do I pinch a penny,
Everyday to pitch a fit.
Because I know that pinching pennies,
Makes not a bit of sense.

I've figured it out,
I'm more on top...
Than just a dollar.
And I don't bother,
To worry about how many I've got.

My worth is not knocked up,
Or rocked by losing dollars.
Or scream and holler...
About what I have not.

My worth is not how much I've got up in my pockets.
Copped up in stocks.
Or,
Those markets to be watched.

I guess I'm just a reformed penny pincher.
Believing my self worth a richer picture.

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The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.

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If a woman earned a dollar by scrubbing, her husband had a right to take the dollar and go and get drunk with it and beat her afterwards. It was his dollar.

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Last Dollar On Earth

Yeah!
Line up!
Step right this way to see the last dollar on earth
Sign up!
The bus leaves today to see the last dollar on earth
Behold the wonder of the modern age
Displayed resplendent in its gilded cage
Theres not another in the world today,
And you just cant take it with you
All night!
Theres a special tonight about the last dollar on earth
Thats right!
And all the pundits were right about the last dollar on earth
Its always occupied a special space
We keep a guard around it just in case
Many have died to have its fleeting grace,
But you just cant take it with you
Get set!
Only one pint of blood
To see the last dollar on earth
No sweat!
Only one ounce of flesh to touch the last dollar on earth
When we lose exposure in its permanent enclosure
Then you can be sure that well take it on tour
So when it comes to call at your local shopping mall
Though the crowds may be large,
You can put it on your mastercharge

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Million Dollar Bash (1)

by Bob Dylan
Well, that big dumb blonde
With her wheel in the gorge
And Turtle, that friend of theirs
With his checks all forged
And his cheeks in a chunk
With his cheese in the cash
They're all gonna be there
At that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
It's that million dollar bash
Ev'rybody from right now
To over there and back
The louder they come
The harder they crack
Come now, sweet cream
Don't forget to flash
We're all gonna meet
At that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
It's that million dollar bash
Well, I took my counselor
Out to the barn
Silly Nelly was there
She told him a yarn
Then along came Jones
Emptied the trash
Ev'rybody went down
To that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
It's that million dollar bash
Well, I'm hittin' it too hard
My stones won't take
I get up in the mornin'
But it's too early to wake
First it's hello, goodbye
Then push and then crash
But we're all gonna make it
At that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
It's that million dollar bash
Well, I looked at my watch
I looked at my wrist
Punched myself in the face
With my fist
I took my potatoes
Down to be mashed
Then I made it over
To that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
It's that million dollar bash

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If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment.

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Million Dollar Bash

Well, that big dumb blonde
With her wheel in the gorge
And turtle, that friend of theirs
With his checks all forged
And his cheeks in a chunk
With his cheese in the cash
Theyre all gonna be there
At that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
Its that million dollar bash
Evrybody from right now
To over there and back
The louder they come
The harder they crack
Come now, sweet cream
Dont forget to flash
Were all gonna meet
At that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
Its that million dollar bash
Well, I took my counselor
Out to the barn
Silly nelly was there
She told him a yarn
Then along came jones
Emptied the trash
Evrybody went down
To that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
Its that million dollar bash
Well, Im hittin it too hard
My stones wont take
I get up in the mornin
But its too early to wake
First its hello, goodbye
Then push and then crash
But were all gonna make it
At that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
Its that million dollar bash
Well, I looked at my watch
I looked at my wrist
Punched myself in the face
With my fist
I took my potatoes
Down to be mashed
Then I made it over
To that million dollar bash
Ooh, baby, ooh-ee
Ooh, baby, ooh-ee
Its that million dollar bash

song performed by by Bob DylanReport problemRelated quotes
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If you are born into a family below the national median income, we provide you with an additional $500, and for every contribution made to a child's account below the national median income, we match it dollar for dollar - the federal government will.

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