Foreign Central Bank purchases of US Treasuries and Agency Debt (Ginnie, Freddie, and Fannie) through the NY Fed Custodial Accounts in 2008. (Thanks to Brad Setser for the graph).
Spiritual pride leads to a lingering spiritual death. It turns the living being into a tomb, bright and polished on the outside, proudly ornamented with scrupulous attention to detail, and ostentatious adherence to the letter of the law — but inside full of corruption, and festering foulness. They love the rituals and the worldly forms of religion, but want nothing to do with mercy and love. It is a sickening romance with the self, unto death.
Jesse, Essere Umano, 20 August 2017