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.
When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and has a powerful influence on interest rates and the price of government bonds. And that's why central banks long have tried to suppress the price of gold. Gold is the ticket out of the central banking system, the escape from coercive central bank and government power.
The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
The blogs have been great and everything, but I think, for me, it's better to have a central place on the Internet for all my fans to go and show their friends my YouTube, Twitter, and social networking sites. To have that spread all on its own and have a central station to get everything Mac Miller.
It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.
The politicians looked after the mandarins. The mandarins looked after the central bankers and the regulators. (The governor of the Central Bank was paid more in 2008 than the chairman of the US Federal Reserve, as was the chief executive of the Financial Regulator.) The Central Bankers looked after the bankers. The bankers looked after IBEC. And IBEC looked after the government. The circle of oligarchs was watertight.
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.
Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
If you just look at the fact that a woman was central in twittering the Cairo revolution, and women were central to the Tunisian uprising. Women are at the center of everything right now and moving everything forward. And I do think in the next year or two, we are going to see such a woman spring, such a rising.
Space is about 100 kilometers away. That's far away""I wouldn't want to climb a ladder to get there""but it isn't that far away. If you're in Sacramento, Seattle, Canberra, Kolkata, Hyderabad, Phnom Penh, Cairo, Beijing, central Japan, central Sri Lanka, or Portland, space is closer than the sea.
The most important thing for people to get is we're not even looking at one big investigation, all these agents working together. They were chopped up and divided, but because I worked in the central place... other agents were sending their material to me... I was in this position to see all the dots being connected... These agents, while I was there, because I was the central person, they started connecting the dots.
Every time you make a choice, you are turning the central part of you - the part that chooses - into something a little different than what it was before. Taking your life as a whole, with all your innumerable choices, you are slowly turning this central thing either into a heavenly creature or into a hellish creature.
C. S. Lewis
In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.
With the arrival of electric technology, man has extended, or set outside himself, a live model of the central nervous system itself. To the degree that this is so, it is a development that suggests a desperate suicidal autoamputation, as if the central nervous system could no longer depend on the physical organs to be protective buffers against the slings and arrows of outrageous mechanism.
None of the male characters are as powerful or as interesting as the four central female characters. The men work best as representations of the current stage of a particular female's psyche. The men function as catalysts, and are certainly important to the development of the story, but the relationships are not the goal. I do not see romance as being what's central to the success of PRETTY LITTLE LIARS.
The issue Fodor writes about is central to the psychology of perception, cognition, and action. It is the central issue for anyone who would seriously study the neurobiology of behavior: Is the mind organized horizontally or vertically or both, and what are the consequences to psychology of proceeding on one assumption or the other? This has been little analyzed and written about. Jerry Fodor has repaired that omission and had done it brilliantly.
Even the clearest localization of pain in one area may, in fact, be originating from a distant area .... The reference of pain implies the existence of convergence of inputs within the spinal cord. This leads to the necessary involvement in central neural circuits in the simplest of peripheral disorders. It also leads to the possibility that the basic disorder is entirely central ...
Patrick David Wall
My dad, Bob Blum, used to dash across Grand Central's main terminal catwalk several times daily as a young CBS correspondent, running copy from newsroom to studio and back - because CBS' first broadcasts were from Grand Central Terminal. The pictures on people's television sets used to shake when the trains came in!
I admire the person who can write it right off. Mencken once said that a person who thinks clearly can write well. But I don't think clearly-too many thoughts bump into one another. Trains of thought run on a track of the Central Nervous System-the New York Central Nervous System, to make it worse.
Tungsten, X-rays, and Coolidge form a trinity that has left an indelible impression upon our life and times. The key word in this triad is Coolidge, for his work brought the element tungsten from laboratory obscurity to the central role of the industrial stage and gave the X-ray a central role in the progress of medicine throughout the world.
Chauncey Guy Suits
I'm an indoors person. I'm not afraid of the outdoors and I penetrate it easily and cheerfully. However, I must admit I like Central Park better than the wilderness, and I like the canyons of Manhattan better than Central Park, and I like the interior of my apartment better than the canyons of Manhattan, and I like my two rooms better with the shades down at all times than with the shades up. I'm not an agoraphobe at all, but I am a claustrophile, if you see the distinction.
It's just as hard for man to break the habit of thinking of himself as central to the species as it was to break the habit of thinking of himself as central to the universe. He sees himself quite unconsciously as the main line of evolution, with a female satellite revolving around him as the moon revolves around the earth. This not only causes him to overlook valuable clues to our ancestry, but sometimes leads him into making statements that are arrant and demonstrable nonsense.
Ronald Reagan goes around saying that Nicaragua is communist and that communism is a threat to Central America. Why doesn't he say that he's a big capitalist, and that capitalism has made a great mess of Central America? Why doesn't he talk about what capitalism has done? We don't know what communism is, but we sure know what capitalism has done for us!
Economics is not the central problem of this century. It is a relative problem which can be solved in relative ways. Faith is the central problem of this age. The Western world does not know it, but it already possesses the answer to this problem-but only provided that its faith in God and the freedom He enjoins is as great as Communism's faith in Man.
a large percentage of bright young men and women locate the impetus behind their career choice in the belief that they are fundamentally different from the common run of man, unique and in certain crucial ways superior, more as it were central, meaningful what else could explain the fact that they themselves have been at the exact center of all they've experienced for the whole 20 years of their conscious lives? and that they can and will make a difference in their chosen field simply by the fact of their unique and central presence to it...
David Foster Wallace
We need a candidate who's going to be a fighter for freedom. Who is going to get up and make that the central theme in this race because it is the central theme in this race. I don't care what the unemployment rate's going to be. Doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.
A good part of the physical attraction [between the hero and heroine of a romance novel] comes to life during these exchanges as well, since language creates a meeting of the minds. I have long thought that these lines of dialogue carve out the lines of the central love relationship. The dialogue between the hero and heroine creates the central shape of the story. It is the verbal sculpture.
Julie Tetel Andresen
The hypothesis of molecular vortices is defined to be that which assumes - that each atom of matter consists of a nucleus or central point enveloped by an elastic atmosphere, which is retained in its position by attractive forces, and that the elasticity due to heat arises from the centrifugal force of those atmospheres revolving or oscillating about their nuclei or central points.According to this hypothesis, quantity of heat is the vis viva of the molecular revolutions or oscillations.
William John Macquorn Rankine
Biology occupies a position among the sciences at once marginal and central. Marginal because-the living world constituting but a tiny and very "special" part of the universe-it does not seem likely that the study of living beings will ever uncover general laws applicable outside the biosphere. But if the ultimate aim of the whole of science is indeed, as I believe, to clarify man's relationship to the universe, then biology must be accorded a central position . . .
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?
Drama is the most difficult of all arts. In it two things are to be satisfied - first, the ears, and second, the eyes. To paint a scene, if one thing be painted, it is easy enough; but to paint different things and yet to keep up the central interest is very difficult. Another difficult thing is stage - management, that is, combining different things in such a manner as to keep the central interest intact.
Is not the midnight like Central Africa to most of us? Are we not tempted to explore it,--to penetrate to the shores of its Lake Tchad, and discover the source of its Nile, perchance the Mountains of the Moon? Who knows what fertility and beauty, moral and natural, are to be found? In the Mountains of the Moon, in the Central Africa of the night, there is where all Niles have their hidden heads. The expeditions up the Nile as yet extend but to the Cataracts, or perchance to the mouth of the White Nile; but it is the black Nile that concerns us.
Henry David Thoreau
Our central problem is not sin and guilt, as it is within the monarchical model. For the Spirit model, our central problem is 'estrangement, ' whose specific meaning of 'separated from that to which one belongs' is most appropriate... For the monarchical model, sin is primarily disloyalty to the king, seen especially as disobedience to his laws. The metaphors used to express the Spirit model suggest something else. For the metaphor of God as lover, sin is unfaithfulness-that is, sin is going after other lovers.
Marcus J. Borg
The central problem of our age is not liberalism or modernism, nor the old Roman Catholicism or the new Roman Catholicism, nor the threat of communism, nor even the threat of rationalism and the monolithic consensus which surrounds us. All these are dangerous but not the primary threat. The real problem is this: the church of the Lord Jesus Christ, individually corporately, tending to do the Lord's work in the power of the flesh rather than of the Spirit. The central problem is always in the midst of the people of God, not in the circumstances surrounding them.
Like the absence of gender-specific terms such as glyany and androcracy from the vocabulary of historians, the systematic omission of women from accounts of our past serves to maintain a system founded on male-female thinking. It reinforces the central tenet of male dominance: women are not as important as men. By omitting any hint that "women's issues" are central to our social and ideological organization, it also effectively serves to conceal the social alternatives described by gylany and androcracy.
The 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.
Other people, so I have read, treasure memorable moments in their lives: the time one climbed the Parthenon at sunrise, the summer night one met a lonely girl in Central Park and achieved with her a sweet and natural relationship, as they say in books. I too once met a girl in Central Park, but it is not much to remember. What I remember is the time John Wayne killed three men with a carbine as he was falling to the dusty street in Stagecoach, and the time the kitten found Orson Welles in the doorway in The Third Man.
As Elizabeth Blackmar and Ray Rosenzweig wrote in their magisterial history of [Central Park in NYC]: 'The issue of demoncratic access to the park has also been raised by the increasing number of homeless New Yorkers. Poor people-from the 'squatters' of the 1850s to the 'tramps' of the 1870s and 1890s to the Hooverville residents of the 1930s-have always turned to the park land for shelter... The growing visibility of homeless people in Central Park osed in the starkest terms the contradiction between Americans' commitment to democratic space and their acquiescence in vast disparities of wealth and power.
It [Communism] is not new. It is, in fact, man's second oldest faith. Its promise was whispered in the first days of the Creation under the Tree of the Knowledge of Good and Evil: "Ye shall be as gods." It is the great alternative faith of mankind. Like all great faiths, its force derives from a simple vision. Other ages have had great visions. They have always been different versions of the same vision: the vision of God and man's relationship to God. The Communist vision is the vision of Man without God. It is the vision of man's mind displacing God as the creative intelligence of the world. It is the vision of man's liberated mind, by the sole force of its rational intelligence, redirecting man's destiny and reorganizing man's life and the world. It is the vision of man, once more the central figure of the Creation, not because God made man in his image, but because man's mind makes him the most intelligent of the animals. Copernicus and his successors displaced man as the central fact of the universe by proving that the earth was not the central star of the universe. Communism restores man to his sovereignty by the simple method of denying God.
At its most basic, the logic of 'meritocracy' is ironclad: putting the most qualified, best equipped people into the positions of greates responsibility and import... But my central contention is that our near-religious fidelity to the meritocratic model comes with huge costs. We overestimate the advantages of meritocracy and underappreciate its costs, because we don't think hard enough about the consequences of the inequality it produces. As Americans, we take it as a given that unequal levels of achievement are natural, even desirable. Sociologist Jermole Karabel, whose work looks at elite formation, once said he 'didnt think any advanced democracy is as obsessed with equality of opportunity or as relatively unconcerned with equality of condition' as the United States. This is our central problem. And my proposed solution for correcting the excesses of our extreme version of meritocracy is quite simple: make America more equal
Christopher L. Hayes