Jim’s Quote of the Day:

“In addition, inflation should creep higher. Do not be mellowed by the affirmation of a 2% target rate of inflation here in the U.S. or as targeted in six of the G-7 nations. Not suddenly, but over time, gradually higher rates of inflation should be the result of QE policies and zero bound yields that were initiated in late 2008 and which will likely continue for years to come.” – Bill Gross, PIMCO Investment Outlook, May, 2012




Jim’s Quote of the Day:

"What is the meaning of a gold standard and a redeemable currency?  It represents integrity.  It insures the people’s control over the government’s use of the public purse.  It is the best guarantee against the socialization of a nation.  It enables a people to keep the government and banks in check.  It prevents currency expansion from getting ever farther out of bounds until it becomes worthless.  It tends to force standards of honesty on government and bank officials.  It is the symbol of a free society and an honorable government.  It is a necessary prerequisite to economic health.  It is …










Jim’s Quote of the Day:

“Again, thank you for inviting me. You have prepared food, so I will not be rude, I will stay and eat. Let’s have one good meal here. Let’s make it a feast. Then I ask you, I plead with you, I beg you all, walk out of here with me, never to come back. It’s the moral and ethical thing to do. Nothing good goes on in this place. Let’s lock the doors and leave the building to the spiders, moths and four-legged rats.” – Conclusion of Robert Wenzel’s April, 2012 speech delivered at the New York Federal Reserve Bank







Jim’s Quote of the Day:

"The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves; whether they are to have any property they can call their own; whether their Houses, and Farms, are to be pillaged and destroyed, and they consigned to a State of Wretchedness from which no human efforts will probably deliver them. The fate of unborn Millions will now depend, under God, on the Courage and Conduct of this army-Our cruel and unrelenting Enemy leaves us no choice but a brave resistance, or the most abject submission; that is all we can expect. …







Jim’s Quote of the Day:

“I believe that liberty is the only genuinely valuable thing that men have invented, at least in the field of government, in a thousand years. I believe that it is better to be free than to be not free, even when the former is dangerous and the latter safe. I believe that the finest qualities of man can flourish only in free air – that progress made under the shadow of the policeman’s club is false progress, and of no permanent value. I believe that any man who takes the liberty of another into his keeping is bound to become …
















Jim’s Quote of the Day:

“O LORD, though our iniquities testify against us, do thou [it] for thy name’s sake: for our backslidings are many; we have sinned against thee. O the hope of Israel, the saviour thereof in time of trouble, why shouldest thou be as a stranger in the land, and as a wayfaring man [that] turneth aside to tarry for a night? Why shouldest thou be as a man astonied, as a mighty man [that] cannot save? yet thou, O LORD, [art] in the midst of us, and we are called by thy name; leave us not.” – Jeremiah 14:7-9 (KJV)