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Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.
Peter SchiffMy monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a steady rate of growth in the quantity of money. Fortunately for me personally, and for a select group of fellow economists, that conclusion has had no practical impactโฆ else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honoured to receive.
Milton FriedmanCentral authority is bad. The bias should be for freedom. And without a central authority, there are lots of little authorities, and we learn which ones to trust.
John StosselJustice and beauty are central to God's new world and should be central to our work. Together they frame the good news of Jesus.
N. T. WrightThe first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.
Eustace MullinsPeople vastly overestimate the ability of central planners to improve on the independent action of diverse individuals. What I've learned watching regulators is that they almost always make things worse. If regulators did nothing, the self-correcting mechanisms of the market would mitigate most problems with more finesse. And less cost.
John StosselLook at Ukraine. Its currency, the hernia, is plunging. The euro is really in a problem. Greece is problematic as to whether it can pay the IMF, which is threatening not to be part of the troika with the European Central Bank and the European Union making more loans to enable Greece to pay the bondholders and the banks. Britain is having a referendum as to whether to withdraw from the European Union, and it looks more and more like it may do so. So the world's politics are in turmoil.
Michael HudsonI think of myself as Rebecca Wells from Lodi Plantation, in Central Louisiana, a girl who was lucky enough to be born into a family that encouraged creativity and didn't call me lazy or nuts when I dressed up in my mother's peignoirs and played the piano, having painted a small sign decorated in glitter that read 'The Piano Fairy Girl.
Rebecca WellsWhen profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.
Carroll QuigleyThis is the central idea of the Gita- to be calm and steadfast in all circumstances, with one's body, mind, and soul centered at His hallowed feet!
Swami VivekanandaMan is a central creature between the animals, that is to say, the most perfect form, which unites the traits of all in the most complete epitome.
Johann Gottfried HerderI believe that what makes the psychedelic experience so central is that it is a connection into a larger modality of organization on the planet, which is a fancy way of saying it connects you up to the mind of Nature Herself.
Terence McKennaQuantitatve easing is NOT going away. Every major country is running a deficit. If they are all net borrowers then who is the lender? The central banks. For this reason โ QE is not going away for a long time.
Jeffrey GundlachQuantitative easing is just the latest chapter in the Federal Reserveโs hundred-year history of failure. (...) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed.
Ron PaulThere is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long.
George SorosThe people of Central America - and, in a broader sense, the entire developing world - need to know first-hand that freedom and opportunity are not just for the elite, but the birthright of every citizen; that property is not just something enjoyed by a few, but can be owned by any individual who works hard and makes correct decisions.
Ronald ReaganScience fiction is the most important literature in the history of the world, because it's the history of ideas, the history of our civilization birthing itself. ...Science fiction is central to everything we've ever done, and people who make fun of science fiction writers don't know what they're talking about.
Ray BradburyThere's this sense of being strange, which is at the heart of every creative person. Every writer, every actor, every director knows who Ripley is. We've made careers and lives out of pretending, making things up, inhabiting other people's stories and lives. That's what I do every day. . . . The story is so audacious and subversive: a central character who behaves badly and isn't apparently caught. That intrigued me no end.
Anthony MinghellaThe value of "one person, one vote," the value of equality, is a value that was given to us more than 50 years ago as a central part of our constitutional tradition. So, under that principle, we ought to be applying the same standard today that I would have said we should have applied a year ago.
Lawrence LessigThe U theory suggests that the central integrating thought ... will emerge from building three integrated capacities: a new capacity for observing that no longer fragments the observer from what's observed; a new capacity for stillness that no longer fragments who we really are from what's emerging; and a new capacity for creating alternative realities that no longer fragments the wisdom of the head, heart and hand.
Betty Sue FlowersThe central moral issue of science is that we do not have a science of peace and hardly know where to begin in building one.
Joshua LederbergThe central opposition between magic and science is the opposition between power and knowledge.
Jacob BronowskiCinema doesn't connect with the body as artists have in two thousand years of painting, using the nude as the central figure which the ideas seem to circulate around. I think it is important to somehow push or stretch or emphasize, in as many ways as I can, the sheer bulk, shape, heaviness, the juices, the actual structure of the body. Cinema basically examines a personality first and the body afterward.
Peter GreenawayWe live in a modern world, and in contemporary music the central fact is contamination. Not the contamination of disease but the contamination of musical styles. If you find this in me, that is good.
Ennio MorriconeIn any close society it is more urgent to restrain others than to be free oneself. Hence the tendency for the central authority to absorb and supersede such as are local or delegated.
George SantayanaWhen we were negotiating the ongoing financial period in 2013, I talked myself hoarse. London and Berlin in particular insisted on reducing the budget. So we - to the applause of German journalists - made cuts to central future-oriented areas and slashed the budget for development aid, research and technology.
Martin SchulzIt is said that many children who live in the central provinces, away from the ocean, have a great longing to see it. I who had never been away from the monotonous country surrounding us looked forward eagerly to seeing the mountains.
Pierre LotiOn my first day in New York a guy asked me if I knew where Central Park was. When I told him I didn't, he said: Do you mind if I mug you here?
Paul MertonSomething as important and central and encompassing as empathy can't be all bad. I think empathy plays a role in intimate relationships, where you might want your partner not just to care about you or understand you but to feel what you feel.
Paul BloomThe first thing, the very very first thing, "Find out what your greatest characteristic is, your greatest undoing, your central characteristic of unconsciousness." Each one's is different. Somebody is sex-obsessed. In a country like India, where for centuries sex has been repressed, that has become almost a universal characteristic; everybody is obsessed with sex. Somebody is obsessed with anger, and somebody else is obsessed with greed. You have to watch which is your basic obsession.
G. I. GurdjieffIn fact, some leaders come right out and say it. Mario Draghi the president of the European Central Bank had an interview with the Wall St Journal in which he said the social contract's dead; we finally got rid of it.
Noam ChomskyI'd seen too many shrines in South Central and thought it was worth asking where the first bullet came from that started all this violence.
Antoine FuquaIt is possible for a kid from east Texas, raised in south central LA and Carson, who believes in his dreams, commits himself to them with his heart, to touch them and to have them happen.
Forest WhitakerThe one that was most fun was That's My Bush; the part that I did for Comedy Central. That was a hoot. That was more fun that one should be allowed to have.
Timothy BottomsI don't believe we have ever had a Black leader that was so widely accepted among the masses of people, as well as the leadership, in Africa, the Middle East, Asia, the Caribbean, Central America, as Allah (God) has blessed me to be accepted.
Louis FarrakhanMy only bookings this week came from within my friends. Trans people have been central to New Yorkโs art and fashion scene for nearly as long as those โscenesโ have existed as we know them. Itโs about time that this reality was represented on the cityโs runways.
Hari NefFood is an important lens onto the civil rights movement. One of the central issues of the movement was the right to eat in places that served the public. This battle led to the lunch counter sit-ins, which became embattled, contested places.
Marcie Cohen FerrisI met some brothers out from Canada recently who are real cool people. They make Spanish-language music called Cold Blue and I met then at a Lat-Rap conference and they seem like real good peoples from Central America... and that's what it is. It's just based on mutual respect. So when I meet people like that I'm like, "if y'all going to be real with me, I'm going to be real with y'all" and that's all it takes.
Immortal TechniqueThe seizure of power by armed force, the settlement of the issue by war, is the central task and the highest form of revolution. This Marxist-Leninist principle of revolution holds well universally, for China and for all other countries.
Mao Zedongthe Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.
Noam ChomskySocially smart people have always mocked the threateningly mobile, and anti-branding is a central strand of high-end status conflict now.
Peter YorkWhenever a conscious Black woman raises her voice on issues central to her existence, somebody is going to call her strident, because they don't want to hear about it, nor us. I refuse to be silenced and I refuse to be trivialized, even if I do not say what I have to say perfectly.
Audre LordeThe kundalini runs through you. It runs through the ida and the pingala, the two nerve channels in the subtle body; but there's a central channel, the shushumna, which is blocked. When it runs through that, then you can use the mystical kundalini.
Frederick LenzGiven the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.
Ben BernankeMiners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.
Peter Schiff