Category: Quote of the Day

“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 …

"Many of life’s circumstances are created by three basic choices: the disciplines you choose to keep, the people you choose to be with, and the laws you choose to obey. " – Charles Millhuff

“I won’t be wronged, I won’t be insulted, and I won’t be laid a-hand on. I don’t do these things to other people and I require the same from them.” – John Wayne as J.B. Books in The Shootist. 1976. (Screenplay by Miles Hood Swarthout and Scott Hale, based on the novel by Glendon Swarthout.)

“… the president was on the televisor last night urging us to memorialize those who were murdered on this day twelve years ago by flying air strikes in support of the faction that murdered them. Whatever else may be said, that took an amazing level of chutzpah, to call on a nation to go to war in support of terrorists the night before going to lay a wreath at a ceremony commemorating their victims.” – Tamara, Editor of the View From The Porch blog

"Liberty is always dangerous, but it is the safest thing we have." – Harry Emerson Fosdick

"The cesspool our government has turned into has neither the honesty nor the will to confront the root of this problem and on it goes, worsening with every passing day, unabated until we finally reach the tipping point when this nation is flat broke, no longer able to send the monthly checks, pick up the abortion bill, provide the food stamps or subsidize housing. So folks, cinch up your saddle and make sure your feet are in the stirrups, because when this thing finally blows, it’s going to be a wild ride." – Charlie Daniels