Category: Quote of the Day

“Ye are bought with a price; be not ye the servants of men.” – 1 Corinthians 7:23 (KJV)

“Take a deep breath and remember that the whole world sucks, America sucks less, and Texas during deer season doesn’t suck at all.” – Ted Nugent

“Soccer’s a ‘jogging man’s’ sport and a sport for overprotective mothers who want to shield their young men from injury. I find soccer to be a robust metaphor for European foreign policy.” – Temple University Professor Stanley Ridgeley (Stan was one of my MIOBC classmates, back in 1985.)

“We are deceived when we consent to think about the ‘price of gold.’ At the very outset of our thoughts regarding gold, we are wrong, just as astronomers prior to Copernicus were wrong in thinking about the solar system as geo-centric, with the Sun, Moon and planets describing perfect circles around Earth. Gold is ? to follow the astronomical simile ? the center of the monetary universe, and the planets ? the currencies ? circle the Sun, which represents gold. The correct starting point is the price of a currency expressed in terms of gold, and not the other way around. When the price of the …

“Everyone’s got plans….until they get hit.” – Heavyweight boxing champion Mike Tyson

“Right now, the FOMC has ‘a tiger by its tail’ – it has lost control of monetary policy.  The Fed can’t stop buying assets because interest rates will rise and choke the recovery.  In short, today’s decision not to taper was driven by unimpressive economic data, the fear of a 3% yield on the 10 year Treasury and gridlock in Washington.  If the economy cannot handle a 3% yield on the 10 year, then the S&P 500 should not be north of 1700.  It is remarkable that the equity market continued to buy into easy money over economic growth.  QE3 …

“You can have peace. Or you can have freedom. Don’t ever count on having both at once.” – Robert A. Heinlein

“But now ye also put off all these; anger, wrath, malice, blasphemy, filthy communication out of your mouth. Lie not one to another, seeing that ye have put off the old man with his deeds; And have put on the new man, which is renewed in knowledge after the image of him that created him: Where there is neither Greek nor Jew, circumcision nor uncircumcision, Barbarian, Scythian, bond nor free: but Christ is all, and in all. Put on therefore, as the elect of God, holy and beloved, bowels of mercies, kindness, humbleness of mind, meekness, longsuffering; Forbearing one another, …

“And now, I beseech thee, let the power of my Lord be great, according as thou hast spoken, saying, The LORD is longsuffering, and of great mercy, forgiving iniquity and transgression, and by no means clearing the guilty, visiting the iniquity of the fathers upon the children unto the third and fourth generation.” – Numbers 14:17-18 (KJV)

"Power concedes nothing without a demand. It never has, and it never will." – Frederick Douglass, 1817-1895

“There was another thing that the camels carried, and that was various forms of currency. The currency problem was an important one. Through that admirable institution, the Chinese Post Office, I had been able to transfer the bulk of our capital from Peking to points west by simply paying in a cheque at the Peking branch and then drawing the dollars at Lanchow and Sining. But the Mexican silver dollar which they use in China is a big coin, and the country through which we were to pass had a lawless reputation; a suitcase heavy with silver could not be …

“The concept of ‘necessity’ is almost always dangerous and insidious in political matters. Asking whether vanilla is necessary for a specific cupcake recipe is very different from asking whether guns or tobacco or beer or soda or cocaine is ‘necessary’ for a person’s life. People place different values on different things, and it is supremely arrogant and insulting for a person to look at a particular product and think that he can decide for the rest of humanity whether it is ‘necessary’ to own. It is true that certain guns are not ‘necessary’ for human beings, in the sense that …

“Trillions were created so that a system choking on existing debt could issue more debt. But you can’t lose sight of the creation process, created isn’t ‘out of thin air’, it’s never out of thin air. Created is loaned into existence. We are issuing debt in order to transfer debt in order to ‘free up credit’ which basically means to create more debt. This is how our monetary system works.” – Post comment by “kridkrid”, at Zero Hedge

“Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee. So that we may boldly say, The Lord is my helper, and I will not fear what man shall do unto me. Remember them which have the rule over you, who have spoken unto you the word of God: whose faith follow, considering the end of their conversation. Jesus Christ the same yesterday, and to day, and for ever. Be not carried about with divers and strange doctrines. For it is a good …

“Let your conversation be without covetousness; and be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee. So that we may boldly say, The Lord is my helper, and I will not fear what man shall do unto me. Remember them which have the rule over you, who have spoken unto you the word of God: whose faith follow, considering the end of their conversation. Jesus Christ the same yesterday, and to day, and for ever. Be not carried about with divers and strange doctrines. For it is a good …