Category: Quote of the Day

“Now if just a small portion of American bank depositors hear that the FDIC had to tap into the US Treasury for funds, and these depositors feel their banked money is at risk and want to withdraw some of it, the mother of all bank runs could ensue. This could create the day of reckoning that many have predicted. A short banking holiday would have to be declared and who knows what happens from there – troops in the streets, issuance of new currency, martial law? Don’t think those in the Federal government haven’t made plans for such an occurrence.” …

“…the Last Contango in Washington will be different from all previous crises. It will be elemental, devastating, and apocalyptic. It will destroy virtually all paper wealth and render virtually all physical capital idle. It will involve hordes of unemployed people roaming the streets, caring for no law and order, pillaging homes and institutions. It will destroy our freedoms. It may destroy our civilization unless we take protective action.” – Antal Fekete

"Take calculated risks. That is quite different from being rash." – General George S. Patton

“They made up their minds And they started packing They left before the sun came up that day An exit to eternal summer slacking But where were they going Without ever knowing the way? They drank up the wine And they got to talking They now had more important things to say And when the car broke down They started walking Where were they going without ever knowing the way?” The Way, by Fastball, (1991)

"Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives." – James Madison

"In ancient times they had no statistics so they had to fall back on lies." – Stephen Leacock

“The earth shall quake before them; the heavens shall tremble: the sun and the moon shall be dark, and the stars shall withdraw their shining: And the LORD shall utter his voice before his army: for his camp is very great: for he is strong that executeth his word: for the day of the LORD is great and very terrible; and who can abide it? Therefore also now, saith the LORD, turn ye even to me with all your heart, and with fasting, and with weeping, and with mourning: And rend your heart, and not your garments, and turn unto …

“Work expands so as to fill the time available for its completion.” – Parkinson’s Law, coined by C. Northcote Parkinson, circa 1957

"Remember, God provides the best camouflage several hours out of every 24." – General David M. Shoup

“Fear not, but trust in Providence, Wherever thou may’st be.” – Thomas Haynes Bayly

"Our whole way of life today is dedicated to the removal of risk. Cradle to grave we are supported, insulated, and isolated from the risks of life- and if we fall, our government stands ready with Band-Aids of every size." – Shirley Temple Black

"A heart well prepared for adversity in bad times hopes, and in good times fears for a change in fortune." – Horace

“He that tilleth his land shall have plenty of bread: but he that followeth after vain persons shall have poverty enough.” – Proverbs 28:19 (KJV)

“The LORD will perfect [that which] concerneth me: thy mercy, O LORD, [endureth] for ever: forsake not the works of thine own hands.” – Psalm 138:8 (KJV)

“This I recall to my mind, therefore have I hope. It is of the Lord’s mercies that we are not consumed because his compassions fail not, they are new every morning. Great is Thy faithfulness. The Lord is my portion, saith my soul; therefore will I hope in him. The Lord is good unto them that wait for him, to the soul that seeketh him. It is good that a man should both hope and quietly wait for the salvation of the Lord.” – Lamentations 3: 21-26