NotableQuotable

“If the economy was booming with stock prices at reasonable levels, we could take comfort that good times really had returned. But I don’t feel able to trust a recovery that is financed by an overpriced stock market. Overpriced stocks makes us feel that it is safe to spend again. But the financial security pushing spending forward is illusory.” – Rob Bennett, Value Walk

“What the central bank passes off as ‘funding issues’ could more accurately be described as liquidity injections to keep interest rates low . . .” – Sven Henrich, MarketWatch

“As we have forecasted, due to growing recession risks, central banks are about to conduct a big ‘monetary U-turn.’ Expect more QE, lower rates and MMT-style policies like ‘QE for the people.’ The erosion of trust in many areas plays into gold’s hands. An end to these crises of trust is not in sight. The steady buying of gold and the repatriation of central bank gold indicates rising mutual distrust among central banks.” – Ronald-Peter Stoeferle Mark J. Valek, Incrementum Chart Book

“[D]emand for the yellow metal as a safety hedge against geopolitical certainty was, and still is to some extent, a major driver for gold this year . . . [W]hile investors and institutions may be inclined to liquidate some of their safe-haven holdings of the yellow metal in the wake of the latest progress to ending U.S.-China trade dispute, there are still enough geopolitical worries to warrant them maintaining some gold exposure in their portfolios as a hedge against future volatility.” – Clif Droke, Seeking Alpha

“Sometimes I wonder if the world as we knew it really did end in December 2012 as so many mystics, psychics and psychonauts predicted. Not in a nuclear holocaust or giant meteor obviously, but in the beginning of an unravelling of the glue that holds human behavior patterns in place. There certainly hasn’t been a normal US presidential election since that date, and there doesn’t seem to be one on the horizon in the foreseeable future. Things have been getting stranger and stranger ever since, and this trend appears to be accelerating rather than slowing down. Things are weird, and they’re only going to keep getting weirder. Buckle up, buttercup.” – Caitlin Johnstone, Medium Blog

“We asked respondents ‘what is the dollar backed by?’ 29% said gold, 4% said oil, 5% said bonds, 7% said nothing, 23% said they don’t know and just 30% accurately stated the US government.” – Genesis Mining Survey

“The phrase ‘currency war’ has now been popular for a decade, and the United States government’s more recent ‘weaponization’ of the dollar is generating controversy. But ironically, a martial approach could end up threatening the US currency’s global dominance.” – Jeffrey Frankel, Project Syndicate

“Forgive us, but whom would you trust to issue a currency — the Congress that regulates our dollar or the youthful tycoon who made $100 billion tapping on his laptop? The securities of Mr. Zuckerberg’s company have soared to one of the greatest fortunes in history. The value of notes issued by Congress have collapsed by as much as 98% or more — just in the century since the creation of our central bank.” – Seth Lipsky, New York Sun

“[T]he latest figures covering Switzerland’s September gold export figures, those to Asia have diminished hugely in favour of the U.K. being by far the largest recipient. These are not one-off figures. This is the same pattern which has emerged from the preceding several months’ Swiss gold export data and is generally put down to a combination in a fall-off in demand from China and India in particular, coupled with massive inflows into gold ETFs, most of which keep their gold vaulted in London.” – Lawrie Williams, Sharps Pixley

“The gold reserves of the Banque de France immediately after the war helped France recover and begin to rebuild their economy. After a war, depression or financial crisis there is nothing like gold to start investing in the economy to rebuilding wealth. No one knows what the future will bring but in the meantime start your own central bank and buy a few more ounces of gold for your family treasury.” – Larry LaBorde, 321 Gold

“A lot of people come to me asking how they can get rich quick…It’s the most disturbing question I get. Why? It’s the wrong question. It tells me that they don’t have the foundation of financial intelligence required to use their money well if they do – somehow – become wealthy. This is because most people don’t understand that, when it comes to being rich, it’s not about how much money you make. It’s about how much money you keep.” – Robert Kiyosaki, Daily Reckoning

“[L]arge government deficits exist and will almost certainly increase substantially, which will require huge amounts of more debt to be sold by governments—amounts that cannot naturally be absorbed without driving up interest rates at a time when an interest rate rise would be devastating for markets and economies because the world is so leveraged long. Where will the money come from to buy these bonds and fund these deficits? It will almost certainly come from central banks, which will buy the debt that is produced with freshly printed money.” – Ray Dalio, Linked In article (The world has gone mad and the system is broken)

“Ludwig von Mises (the Austrian-American economist, 1881–1973) thought this to be unthinkable, because it contradicted all axioms of human behavior. The damage to be expected through negative interest is articulated in connection with the following issues: savings are discouraged, consumption boosted, the future in many ways consumed today; doing business on credit is being fostered, companies beguiled into misguided investments, political reform discouraged; assets are devalued and the pension provisions destroyed.” – Teodorra Cocca, FiNewsFirst