But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.
We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.
We want to go in for suffering, and there may be torture. If we put the women in front the Government may hesitate to inflict on us all the penalty that they might otherwise inflict.
Of governments there are said to be only two forms - democracy and oligarchy. For aristocracy is considered to be a kind of oligarchy, as being the rule of a few, and the so-called constitutional government to be really a democracy.
America is addicted to oil and increasing amounts of this oil comes from abroad. Some of the nations we depend on for oil have unstable governments or are hostile towards the United States.
It is not an easy job to govern China, I am aware of that. There are crises and emergencies all the time, we might not even be aware of some. But I am afraid we'll have to wait and observe precisely what the government is up to.
Government does not create wealth. The major role for the government is to create an environment where people take risks to expand the job rate in the United States.
The great Way is easy, yet people prefer the side paths. Be aware when things are out of balance. Stay centered within the Tao. When rich speculators prosper While farmers lose their land; when government officials spend money on weapons instead of cures; when the upper class is extravagant and irresponsible while the poor have nowhere to turn- all this is robbery and chaos. It is not in keeping with the Tao.