Jim’s Quote of the Day:

“Within, I would say, the next six years, interest payments on the [U.S.] Federal debt will exceed the defence budget. I think that one of the clear lessons of history is that is a major turning point for any [global] power. From Spain in the 17th Century , The Netherlands in the 18th Century, through the Turks in the 19th Century, and British in the 20th Century: When you are spending more on your debts than [on] your Army or Navy, it’s all over as a great power.” – Niall Ferguson, in a 2010 lecture on sovereign debt and crises …







Jim’s Quote of the Day:

“It is a blessing upon every one that feareth the Lord, and walks in His ways, that he shall eat the labor of his hands. And he that without his own labor either of body or mind eats the labor of other men’s hands only, and lives by their sweat, is but like unto lice, and other such vermin.” – John Robinson, “Observations of Knowledge and Virtue”







Jim’s Quote of the Day:

“The reason mankind has to hope that the world, its leaders, its newspapers, its so-called human rights organizations and the United Nations are right about Israel is quite simple: If Israel is the decent party in its war with the Palestinian Authority and Hamas — and nearly all the world’s countries, nearly all the world’s media and the United Nations are morally wrong — what hope is there for humanity? If the world’s moral compass is that broken, are we not sailing into a dark age?” – Dennis Prager, June, 2010