The Editors’ Quote of the Day:
“If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music he hears, however measured or far away.” – Henry David Thoreau
“If a man does not keep pace with his companions, perhaps it is because he hears a different drummer. Let him step to the music he hears, however measured or far away.” – Henry David Thoreau
“For this cause I Paul, the prisoner of Jesus Christ for you Gentiles, If ye have heard of the dispensation of the grace of God which is given me to you-ward: How that by revelation he made known unto me the mystery; (as I wrote afore in few words, Whereby, when ye read, ye may understand my knowledge in the mystery of Christ) Which in other ages was not made known unto the sons of men, as it is now revealed unto his holy apostles and prophets by the Spirit; That the Gentiles should be fellowheirs, and of the same …
“And all the congregation of the children of Israel journeyed from the wilderness of Sin, after their journeys, according to the commandment of the Lord, and pitched in Rephidim: and there was no water for the people to drink. Wherefore the people did chide with Moses, and said, Give us water that we may drink. And Moses said unto them, Why chide ye with me? wherefore do ye tempt the Lord? And the people thirsted there for water; and the people murmured against Moses, and said, Wherefore is this that thou hast brought us up out of Egypt, to kill …
“Many of us have been paying attention for the better part of a decade. Why should I fret or worry about the inevitable results we all knew were coming? The left wants me and everyone like me dead. Fretting won’t solve the issue and voting harder certainly won’t. We have all been gifted with years to sort our lives out, make friends, get harder and more dangerous, and arm ourselves to the teeth. We are in the middle of the golden age of firearms and the average civilian has never had access to this level of quality training and firearms …
“I urge you to examine in your own mind the assumptions which must lay behind using the police power to insist that once-sovereign spirits have no choice but to submit to being schooled by strangers.” – John Taylor Gatto
“Instead of displaying status through leisure pursuits and luxury goods, the rich now display their status through luxury beliefs.” – Rob Henderson
“The more power a government has the more it can act arbitrarily according to the whims and desires of the elite, and the more it will make war on others and murder its foreign and domestic subjects.” – R.J. Rummel, Death by Government: A History of Mass Murder and Genocide Since 1900
“The wealth of another region excites their greed; and if it is weak, their lust for power as well. Nothing from the rising to the setting of the sun is enough for them. Among all others only they are compelled to attack the poor as well as the rich. Plunder, rape, and murder they falsely call empire; and where they make a desert, they call it peace.” – Tacitus
“The raid on Deutsche Bank in Germany back in September over the money laundering probe of Danske Bank, which is the biggest lender in Denmark, contributed to the sudden collapse in confidence. The governments are desperate for money and they are hunting it on a global scale. Deutsche Bank served as a correspondent bank to Danske’s Estonia branch. That is where the latest money laundering is alleged to have occurred. The banker there in the Estonia branch of Danske, Aivar Rehe, was found dead by police there in Estonia. He had been previously questioned by prosecutors and was considered to …
“Whether ancient Rome or the Soviet Union, collapse begins when productive citizens silently withdraw allegiance and decouple where they can. Further rot is expected and doesn’t disappoint. Freed from account, the regime collapses from its unsupported weight. In this sense, classic collapse is a secondary effect.” – Ol’ Remus, in his Yer Ol’ Woodpile Report blog
“There was an open ‘debate’ about MMT or Modern Monetary Theory. Brilliant young man economist Sam Rines took the difficult position of being pro-MMT for the sake of debate. He thinks it would be a disaster but is truly afraid we will actually pursue such a policy. There was the usual pushback, which I’ve written about more than once, but I have to admit that I was struck by the private conversations after the debate. Many smart, well-informed thinkers were almost resigned to seeing MMT actually attempted in the next decade. Mauldin take away: If we attempt MMT it will …
“Regard your good name as the richest jewel you can possibly be possessed of – for credit is like fire; when once you have kindled it you may easily preserve it, but if you once extinguish it, you will find it an arduous task to rekindle it again. The way to gain a good reputation is to endeavor to be what you desire to appear.” – Socrates
“Calling QE not-QE doesn’t make it different than QE, but it does communicate the Fed’s panicky desire to mask its stupendous injection of financial cocaine into the financial system. The Fed’s level of panic is noteworthy, as is the absurd transparency of its laughable attempt to conceal its panic. In the same fashion, the financial media is loudly declaring the current blowoff top in stocks is not a blowoff top. The delicious irony here is these denials are reliable markers of blowoff tops: the louder the denials, the greater the odds that this is in fact the blowoff top that many …
“It may be broadly stated that…..of all animals kept for the recreation of mankind the horse is alone capable of exciting a passion that shall be absolutely hopeless.” – Bret Harte
“Almost all great fortunes are based upon one cracking good idea and the guts to go with it.” – Frederick Forsyth