Jim’s Quote of the Day:

“The net effect of the failures in banking is that a lot of people have less money than they expected they would have a year ago. This is bad enough, given our habits and practices of modern life. But what happens when farming collapses? The prospect for that is closer than most of us might realize. The way we produce our food has been organized at a scale that has ruinous consequences, not least its addiction to capital. Now that banking is in collapse, capital will be extremely scarce. Nobody in the cities reads farm news, or listens to farm …




Jim’s Quote of the Day:

“These derivatives are the root of the credit crunch. Why? Unlike all other property paper, derivatives are not required by law to be recorded, continually tracked and tied to the assets they represent. Nobody knows precisely how many there are, where they are, and who is finally accountable for them. Thus, there is widespread fear that potential borrowers and recipients of capital with too many nonperforming derivatives will be unable to repay their loans. As trust in property paper breaks down it sets off a chain reaction, paralyzing credit and investment, which shrinks transactions and leads to a catastrophic drop …










Jim’s Quote of the Day:

"It’s not surprising, then, they get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations." – President Barack Hussein Obama, describing conservative rural residents, in a presidential campaign fundraising speech in Pennsylvania, April 6, 2008




Jim’s Quote of the Day:

And David spake unto the LORD the words of this song in the day [that] the LORD had delivered him out of the hand of all his enemies, and out of the hand of Saul: And he said, The LORD [is] my rock, and my fortress, and my deliverer, The God of my rock; in him will I trust: [he is] my shield, and the horn of my salvation, my high tower, and my refuge, my saviour; thou savest me from violence. I will call on the LORD, [who is] worthy to be praised: so shall I be saved from …













Jim’s Quote of the Day:

"Morals—all correct moral rules—derive from the instinct to survive; moral behavior is survival behavior above the individual level…. Man is what he is, a wild animal with the will to survive, and (so far) the ability, against all competition. Unless one accepts that, anything one says about morals, war, politics—you name it—is nonsense. Correct morals arise from knowing what Man is—not what do-gooders and well-meaning old Aunt Nellies would like him to be." – Robert A Heinlein, Starship Troopers 1959