Category: Quote of the Day

“Sherif: Is there not one thing in your life that is worth losing everything for?” – Sean Connery as Raisuli, in The Wind and the Lion. (Screenplay by John Milius)

"Everything should be as simple as it is, but not simpler." – Albert Einstein

"In war you will generally find that the enemy has at any time three courses of action open to him. Of those three, he will invariably choose the fourth." – Helmuth Von Moltke

“According to the Constitution, the Legislature does not have the right to judge the guilt or innocence of a person, be they a citizen or not. According to the Constitution, the Executive [branch] does not have the right to judge the guilt or innocence of a person, be they a citizen or not. According to the Constitution’s separation of powers, only the Judiciary has the right to determine guilt or innocence. Thus, ultimately, only the Judiciary has the right to revoke or deny a citizen’s ability to travel—and only for serious crimes.” – Gonzalo Lira in his April, 2012 essay: …

“If you are unwilling to defend your right to your own lives, then you are merely like mice trying to argue with owls. You think their ways are wrong. They think you are dinner.”  – Terry Goodkind in “Naked Empire“

“Go ye therefore, and teach all nations, baptizing them in the name of the Father, and of the Son, and of the Holy Ghost: Teaching them to observe all things whatsoever I have commanded you: and, lo, I am with you alway, [even] unto the end of the world. Amen.” – Matthew 28:19-20 (KJV)

“Curse not the king, no not in thy thought; and curse not the rich in thy bedchamber: for a bird of the air shall carry the voice, and that which hath wings shall tell the matter.” – Ecclesiastes 10:20 (KJV)

"When you have zero rates that go on indefinitely, you are inviting future problems." – Kansas City Federal Reserve Bank President Thomas Hoenig, warning that an extended period of ultra-low interest rates can trigger speculation, in a May, 2012 interview.

“Save some cash, load up with gold and silver, and be patient.  Get ready for a crime wave — a large segment of the population will do ‘whatever it has to’ in order to obtain food.  Hungry men and women can be desperate and lawless.” – Richard Russell, author of the Dow Theory Letter.  

"This world is an uncertain realm filled with danger. Honor undermined by the pursuit of power. Freedom sacrificed when the weak are oppressed by the strong. But there are those who oppose these powerful forces; who dedicate their life to truth, honor, and freedom. These men are known as Musketeers". – Alexandre Dumas, The Three Musketeers, serialized March to July, 1844.

“It is not the goal of the Fed or the politicians to pump up the prices of real economic goods of any description. Since “inflation” is conventionally held to be rising prices of the essential goods which make or break real economies, the prices of these essential goods must be held down by any and all means. And foremost amongst these goods is anything that can or has been used as a medium of exchange in the past. Gold (and to a lesser but still considerable extent, Silver) are the curse of all interventionists. They are the alternative to the …

“My investing model is ABCD: Anything Bernanke Cannot Destroy: flashlight batteries, canned beans, bottled water, gold, a cabin in the mountains.” – David Stockman, in a May, 2012 interview

"Let us speak courteously, deal fairly, and keep ourselves armed and ready." – President Theodore Roosevelt, San Francisco, California , May 13, 1903

“The CDS [credit default swap] is probably the most important instrument in finance. What [the advent of the] CDS did is lay-off all the risk of highly leveraged institutions – and that’s what banks are, highly leveraged – on stable American and international institutions.” – Alan Greenspan, former Federal Reserve Chairman, May 2006

“At some point, you have to stop running and turn around and face whoever wants you dead. The hard thing is finding the courage to do it.” – Suzanne Collins, in “Catching Fire” (Book Two of the The Hunger Games series)