Wednesday, June 12, 2013

effects of folly

“The ultimate result of shielding men from the effects of folly is to fill the world with fools.” ― Herbert Spencer


"Peoples and living things struggle for survival. At first, species struggle with species; the as [people] gradually progress, there is a struggle between one social group and another. The weak invariably become the prey of the strong, the stupid invariably become subservient to the clever."-h.-Spencer


China, which owns an estimated $1.22 trillion in U.S. Treasuries, is the number-one investor among foreign governments, according to the February 2013 figures released by the U.S. Treasury. This amounts to over 21% of the U.S. debt held overseas and more than 7% of the United States’ total debt load.


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