Jim’s Quote of the Day:

“If investors chose not to purchase a sufficient volume of new Treasury securities, the United States would be required to pay the principal on maturing debt, and not merely the interest, out of available cash. Yet the Treasury would be unable to make these principal payments without the continued confidence of market participants willing to buy new Treasury securities.”  – Treasury Secretary Tim Geithner in a letter to Sen. Jim DeMint regarding raising the Federal debt ceiling. Translation: “The U.S. financial system is an enormous Ponzi scheme.”




Jim’s Quote of the Day:

Bryan Prescot:  “When all you have is a hammer, every problem looks like a nail.” Agent Alex Marlow:  “Conversely, sir, when you have a nail, you can bang at it all day with a screwdriver, a shoe or your hand and get nothing except hurt.  Whereas one good blow with the hammer makes the problem go away for good.”  – From Do Unto Others by Michael Z. Williamson. (Mass market paperback edition available August, 2011 from Baen Books.)







Jim’s Quote of the Day:

“In order for this economy to become balanced again would require consumer debt to be reduced by $3 to $4 trillion and the savings rate to double from 5% to 10%. This will never happen voluntarily. Americans are still delusional. They are actually increasing their debt as credit card debt sits at $790 billion, student loan debt at $1 trillion, auto loans at $600 billion, and mortgage debt at $13.8 trillion. The debt will not decline until an economic Depression wipes out banks and consumers alike. America will go down with a bang, not a whimper.” – Jim Quinn, writing …







Jim’s Quote of the Day:

“In order for this economy to become balanced again would require consumer debt to be reduced by $3 to $4 trillion and the savings rate to double from 5% to 10%. This will never happen voluntarily. Americans are still delusional. They are actually increasing their debt as credit card debt sits at $790 billion, student loan debt at $1 trillion, auto loans at $600 billion, and mortgage debt at $13.8 trillion. The debt will not decline until an economic Depression wipes out banks and consumers alike. America will go down with a bang, not a whimper.” – Jim Quinn, writing …




Jim’s Quote of the Day:

“But those things, which God before had shewed by the mouth of all his prophets, that Christ should suffer, he hath so fulfilled. Repent ye therefore, and be converted, that your sins may be blotted out, when the times of refreshing shall come from the presence of the Lord; And he shall send Jesus Christ, which before was preached unto you: Whom the heaven must receive until the times of restitution of all things, which God hath spoken by the mouth of all his holy prophets since the world began.” – Acts 3:18-21 (KJV)










Jim’s Quote of the Day:

“A person can be a partisan or a survivalist, but not both. The survivalist defends himself, his people and his redoubt against all comers. It’s not just his right, it’s his duty. He may have standing patrols or mount a rescue operation, or do a preemptive strike against bad guys advancing on his community, or even take control of a strategic hilltop. He may make arrangements with other survivalists for mutual aid, much like volunteer fire departments do. All this is defensive. What he will not do is join with others in wholesale annihilation merely to expand turf. Legitimate defense …