Jim’s Quote of the Day:

“At any given moment there is an orthodoxy, a body of ideas which it is assumed all right-thinking people will accept without question. It is not exactly forbidden to state this or that or the other, but it is ‘not done’… Anyone who challenges the prevailing orthodoxy finds himself silenced with surprising effectiveness.” – George Orwell




Jim’s Quote of the Day:

“Americans are in the process of ruining themselves. They are transforming assets into liabilities, trading the real wealth that was built up over generations for the quick fix of debt. The ‘equity’ they own in their homes has fallen to its lowest level since the government began tracking it in 1965. The asset – the home – has been replaced by mortgage debt.” – Bill Bonner (Editor of The Daily Reckoning)






















Jim’s Quote of the Day:

“There is a difference between an ‘optimist’ and a fool. An optimist is somebody who looks at bleak facts and decides to make the best of the situation that they can. A fool is somebody who looks at bleak facts and decides to ignore them because they are too upsetting.” – Matt Savinar, Editor of Life After The Oil Crash










Jim’s Quote of the Day:

“Nobody has ever argued that the government deficit-spending and all the rest of the heroic, last-ditch, pull-out-all-the-stops monetary excesses would not make statistics of economic activity blip upward. The argument is whether or not it will eventually destroy the economy. I say it does. The rise in the price of gold says it does. The decline in the dollar says it does. All of recorded economic history says it does.” – Richard Daughty (aka The Mogambo Guru)




Jim’s Quote of the Day:

“Saturday was indescribable. Nothing that I write can describe the utter state of lawlessness that prevailed. Every Egyptian prison was attacked by organized groups trying to free the prisoners inside. In the case of the prisons holding regular criminals this was done by their families and friends. In the case of the prisons with the political prisoners this was done by the Islamists. Bulldozers were used in those attacks and the weapons available from the looting of police stations were available. Nearly all the prisons fell. The prison forces simply could not deal with such an onslaught and no reinforcements …