Central Banks Quotes

[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower. ~ Mohamed El-Erian

The actions taken by central banks and other authorities to stabilize a panic in the short run can work against stability in the long run if investors and firms infer from those actions that they will never bear the full consequences of excessive risk-taking. ~ Ben Bernanke

Central banks don't have divine wisdom. They try to do the best analysis they can and must be prepared to stand or fall by the quality of that analysis. ~ Mary Kay Ash

There are almost 200 currencies of the world, but there's only one international currency. There are almost 200 currencies controlled by central banks and governments, but there is only one mathematical currency today, and that is bitcoin. We are going to build more of them. Cryptographic currencies are going to be a mainstay of our financial future. They are going to be a part of the future of this planet because they have been invented. It's as simple as that. You cannot un-invent this technology. You cannot turn this omelette back into eggs. ~ Andreas M. Antonopoulos

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. ~ Alan Greenspan

Political risk is hard to manage because so much comes down to the personal choices of policymakers, whether prime ministers or heads of central banks. ~ James Surowiecki

The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power. ~ Abraham Lincoln

To cover the fact that a central bank is merely a cartel which has been legalized, its proponents had to lay down a thick smoke screen of technical jargon focusing always on how it would supposedly benefit commerce, the public, and the nation ... there was not the slightest glimmer that underneath it all, was a master plan which was designed from top to bottom to serve private interests at the expense of the public ... the system is merely a cartel with a government facade. ~ G. Edward Griffin

So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself? ~ Murray Rothbard

Central banks need to be able to buy bonds if there are short-term malfunctions of the markets. But buying bonds without differentiation and without limits would be very problematic. ~ Lars Feld

Banks hold deposits and savings entrusted to them by individuals, by businesses, by governments and by central banks. They put that money to work, helping people to buy homes, for example, or lending to businesses to invest in expansion. ~ Bob Diamond

The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. ~ Carroll Quigley

My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive. ~ Milton Friedman

There's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another. ~ Milton Friedman

As you know, in the latter part of 2008 and early 2009, the Federal Reserve took extraordinary steps to provide liquidity and support credit market functioning, including the establishment of a number of emergency lending facilities and the creation or extension of currency swap agreements with 14 central banks around the world. ~ Ben Bernanke

In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities. ~ Lou Jiwei

I've lived to see key parts of my research absorbed in textbooks and in central banks around the world. And some finance ministries, too. ~ Edmund Phelps

Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it. ~ James Grant

Someone has to borrow every dollar we have in circulation, cash or credit. ~ Robert W. Hemphill

Of the 53 central banks tracked by Bloomberg, 19 have dropped their benchmark interest rates in the past three months. Low rates encourage consumers to borrow and spend, increasing domestic consumption. They also devalue currencies, making exports cheaper. That's good for the countries selling but hard on countries flooded with cheap products. ~ Anonymous

What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement. ~ Milton Friedman

The Federal Reserve bank buys government bonds without one penny ... ~ John C. Danforth

The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real. ~ James Surowiecki

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation. ~ Janet Yellen

The Federal Reserve is one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this nation is run by the international bankers. ~ Louis Thomas McFadden

In 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 Chomsky

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it. ~ Alan Greenspan

The bank hath benefit of interest on all moneys which it creates out of nothing. ~ William Paterson

I have never believed that central banks should have rigid inflation targeting. That is not a good thing to stabilize. There is nothing in economic theory to back this. ~ Robert Mundell

In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded as the establishment - the world's largest retailer of foreign currency. ~ Lloyd Dorfman

The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates. ~ Milton Friedman

There 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 Soros

The more guidance a central bank can provide the public about how policy is likely to evolve the greater the chance that market participants will make appropriate inferences. ~ Ben Bernanke

The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike. ~ Mohamed El-Erian

Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy. ~ Abdul Aziz Al Ghurair

In the economy of the cuckoo people that populate central banks, everything is possible. What you have is gigantic bubbles, the NASDAQ in 2000, then the housing bubble and then commodities in 2008 when oil went from $78 to $147 before plunging to $32 within six months. ~ Marc Faber

Business cycles lengthened greatly during the 20th century, as central banks learned to manage national economies by raising and lowering interest rates. ~ Alex Berenson

After a long period in which the desired direction for inflation was always downward, the industrialized world's central banks must today try to avoid major changes in the inflation rate in either direction. ~ Ben Bernanke

The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used. ~ Ben Bernanke

Inflation is always and everywhere a monetary phenomenon. ~ Milton Friedman

The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency ~ Gary North

I am pretty sure central banks will continue to print money, and the standards of living for people in the western world, not just in America, will continue to decline because the cost of living increases will exceed income. The cost of living will also go up because all kinds of taxes will increase. ~ Marc Faber

The word is a sort of deliverance from the shifting world of appearances. The central teaching of the New Testament is that those who accept the word acquire wisdom and at the same time some identification with the eternal. ~ Richard M. Weaver

I hope you were going to come pry your sister off my back," Paca clips as Rayna swims up. "She's quite rude."
Galen throws Rayna a look, to which she lifts her chin. "Paca and her pudgy father over there are full of whale dung," Rayna informs her brothers.
"Rayna," Grom barks. "Mind your manners."
Rayna lifts her chin even higher. Here we go. "Paca is a fraud, Grom," she says. "You can't mate with her. Sorry to ruin your ceremony. Let's go, Galen."
Paca gasps as Jagen swims up to the party, almost stuttering in his fury. "You little ... little stonefish! How dare you insult my daughter?"
Galen grabs Rayna's arm. "What did you do?" he hisses.
She jerks her arm away and gives him a superior look. "If Paca has the Gift of Poseidon, I have the Gift of Triton. Don't ask me what it is though, because I don't have a clue."
"Rayna, enough!" Grom says, grabbing her other arm. "Apologize. Right now."
"Apologize for what? Telling the truth? Sorry, not feeling it. ~ Anna Banks

Dynamic equivalence is a central concept in the translation theory, developed by Eugene A. Nida, which has been widely adopted by the United Bible Societies...Purporting to be an academically linguistic concept, it is in fact a sociocultural concept of communication. Its definition is essentially behavourist: determined by external forces, such as society--with strong pragmatist overtones--focusing on the reader rather than the writer. [M]ost twentieth-century American philosophical endeavours are predominantly pragmatist, dwelling in the shadows cast by William James and John Dewey. ~ J. Cammenga

Mexico has perhaps, in some ways, a good practice, in which it has officials devoted precisely to hold those children, to retain those children that are crossing through our territory, who are coming from Central America. ~ Enrique Pena Nieto

if he can't help but
degrade other women
when they're not looking
if toxicity is central to his language
he could hold you
in his lap and be soft
honey
that man could feed you sugar and
douse you in rose water
but that still could not
make him sweet

-if you want to know what the type of man he is ~ Rupi Kaur

I haven't seen the Eiffel Tower, Notre Dame, the Louvre. I haven't seen anything. I don't really care. ~ Tyra Banks

The riches of the game are in the thrills, not the money. ~ Ernie Banks

That's for non-musicians to say: "I only listen to this or that type of music." I think musicians love all music, or at least that's my case. ~ Paul Banks

What makes the Resurrection so difficult for most people to believe? The fact that Jesus rose from the dead became the central point of the disciples' preaching. Why is the Resurrection so important to Christianity? How can the experience of these first-century Christ-followers and their strong witness give you confidence and hope? The close followers of Jesus ran for their lives from the garden and then kept their distance from the trial and Crucifixion. Peter denied even knowing Jesus. Two of them walked sadly away from Jerusalem, hopeless of seeing Jesus again. Then this same group hid from the authorities in a locked room. But soon they would be boldly proclaiming the Good News about Jesus. What changed these confused and disillusioned men and women? The Resurrection! They saw Christ alive - they knew the truth - and their lives were forever changed. This is perhaps the greatest proof that Christ did, in fact, rise from the dead: the disciples' changed lives. ~ Anonymous

Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence - especially in cases in which large short-term debts need to be rolled over continuously - is the key factor that gives rise to the this-time-is-different syndrome. Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang! - confidence collapses, lenders disappear, and a crisis hits. ~ Carmen Reinhart

The populations of Central America are very, very small indeed, so that while no one was denying and this was one of the great debates we used to have, whose fault was it that there were communists were able to do so well down there, well, that wasn't the point. ~ John Negroponte

I have such a respect for comedy. It's a lot harder than doing drama, in my opinion; you have to have sort of an innate sense of humor. There are rules to comedy you can learn. But ultimately, it really does require a certain point of view on the world, and that really does appeal to me. ~ Elizabeth Banks

In Afghan society, parents play a central role in the lives of their children; the parent-child relationship is fundamental to who you are and what you become and how you perceive yourself, and it is laden with contradictions, with tension, with anger, with love, with loathing, with angst. ~ Khaled Hosseini

So now, Mrs. Ramsay thought, she could return to that dream land, that unreal but fascinating place, the Manning's drawing-room at Marlow twenty years ago; where one moved about without haste or anxiety, for there was no future to worry about. She knew what had happened to them, what to her. It was like reading a good book again, for she knew the end of that story, since it had happened twenty years ago, and life, which shot down even from this dining-room table in cascades, heaven knows where, was sealed up there, and lay, like a lake, placidly between its banks. ~ Virginia Woolf

I think changing the Democratic Party platform [at the convention] is a great place to start. It should include expanding Social Security, a $15 minimum wage, and breaking up too-big-to-fail banks on Wall Street - among other Sanders priorities. ~ Ben Wikler

Speaking generally, however, when you interact with someone else, you are doing outer work (physical time, play time, connecting time) ... as many sociologists have pointed out, this area of life used to dominate everyday existence, at a time when families sat around the fire of an evening and ate every meal together.
That's no longer true. Families today are often loose constellations. Contact is intermittent and rushed. everyone has their own space. Activity is scattered all around town, not confined to the home. Cars have made everyone mobile, but central heating may be the most powerful force in shaping modern society. ~ Deepak Chopra

No-one can say just how long a message should be, but you rarely hear complaints about a speech being too short. The amateur worries about what he is going to put into his speech. The expert worries about what he should take out. An artisitic performance is concentrated, has a central focus. ~ Edgar Dale

November
with uncanny witchery in its changed trees. With murky red sunsets flaming in smoky crimson behind the westering hills. With dear days when the austere woods were beautiful and gracious in a dignified serenity of folded hands and closed eyes
days full of a fine, pale sunshine that sifted through the late, leafless gold of the juniper-trees and glimmered among the grey beeches, lighting up evergreen banks of moss and washing the colonnades of the pines. Days with a high-sprung sky of flawless turquoise. Days when an exquisite melancholy seemed to hang over the landscape and dream about the lake. But days, too, of the wild blackness of great autumn storms, followed by dank, wet, streaming nights when there was witch-laughter in the pines and fitful moans among the mainland trees. What cared they? Old Tom had built his roof well, and his chimney drew. ~ L.M. Montgomery

A central lesson of science is that to understand complex issues (or even simple ones), we must try to free our minds of dogma and to guarantee the freedom to publish, to contradict, and to experiment. Arguments from authority are unacceptable. ~ Carl Sagan

I wanted to tell Sam this. I wanted to tell him all of it, in beautiful handwritten letters or at least in long, rambling emails that we would later save and print out and that would be found in the attic of our house when we had been married fifty years for our grandchildren to coo over. But I was so tired those first few weeks that all I did was email him about how tired I was.

I'm so tired. I miss you.
Me too.
No, like really, really tired. Like cry at TV advertisements and fall asleep while brushing my teeth and end up with toothpaste all over my chest tired.
Okay, now you got me.

I tried not to mind how little he emailed me. I tried to remind myself that he was doing a real, hard job, saving lives and making a difference, while I was sitting outside manicurists' studios and running around Central Park.

His supervisor had changed the rota. He was working four nights on the trot and still waiting to be assigned a new permanent partner. That should have made it easier for us to talk but somehow it didn't. I would check in on my phone in the minutes I had free every evening but that was usually the time he was heading off to begin his shift.

Sometimes I felt curiously disjointed, as if I had simply dreamt him up.

One week, he reassured me. One more week.

How hard could it be? ~ Jojo Moyes

When it comes to America's economy, the truth is that Mitt Romney believes that the key to our country's economic future lies in the failed policies of the past, the same ones that put banks before people, Wall Street before Main Street, plunging us into recession and devastating the middle class. ~ Charlie Gonzalez

The essential is never to arrive anywhere, never to be anywhere. The essential is to go on squirming forever at the edge of the line, as long as there are waters and banks and ravening in heaven a sporting God to plague his creature, per pro his chosen shits. I've swallowed three hooks and am still hungry. Hence the howls. What a joy to know where one is, and where one will stay, without being there. Nothing to do but strech out comfortably on the rack, in the blissful knowledge you are nobody for eternity. ~ Samuel Beckett

Even on Central Avenue, not the quietest dressed street in the world, he looked about as inconspicuous as a tarantula on a slice of angel food. ~ Raymond Chandler

Sometimes I feel like I float in and out of different personalities. ~ Azealia Banks

Methinks marriage has made my brother soft," Alaric replied. " 'Tis a shame when a puny lass has to save his arse. ~ Maya Banks

Recovery unfolds in three stages. The central task of the first stage is the establishment of safety. The central task of the second stage is remembrance and mourning. The central focus of the third stage is reconnection with ordinary life. ~ Judith Lewis Herman

We always had a central committee. They were mesmerized by Eldridge Cleaver. ~ Huey Newton

The central industry of modern civilisation, tending, because of its control over materials, to spread into and ultimately incorporate older industries such as mining, smelting, oil- refining, textiles, rubber, building, and even agriculture in respect to fertilizers and food processing. ~ John Desmond Bernal

I hate when models say 'Oh, plastic surgery is just a wrong thing. What are you talking about? You won the genetic lottery. You look like this specimen that's making people everywhere feel insecure and you're going to ridicule someone for getting plastic surgery? ~ Tyra Banks

In the U.S. more than any other place, the banking system is insane. Millions of Americans lost their houses. Because of what? Because of the banking system. This American banking system is also coming to Europe. We can say today that the banks and high financiers run the world. ~ Costa-Gavras

This beautiful city is so vast it holds the story of every soul who's ever walked along the banks of the Thames. ~ Susannah Conway

I need an alibi. ~ Maya Banks