Jim’s Quote of the Day:
"Before anything else, preparation is the key to success." – Alexander Graham Bell
"Before anything else, preparation is the key to success." – Alexander Graham Bell
“Greece will certainly default on its debts, and it is an open question whether Greece will experience some form of revolution or coup – I’d put the likelihood of that over the next five years as around one in four.” – Andrew Lilico, chief economist, Policy Exchange. (Quoted in June, 2010.)
“I began to suspect that Daddy had been right all along: the only hope I had of changing the world was to change myself first. I thought of the many times that he and I had delivered fresh-picked farm produce to one of our elderly relatives. On such occasions he never failed to remind me that if we hadn’t worked so hard to grow it, we wouldn’t be able to give it to those who needed help. For the past few years, I’d been sneering at the simplemindedness of his philosophy of self-reliance, but now it was making sense to …
"The twenty-first century is already making the twentieth seem like the Age of Reason." – Joe Sobran
“Never, under any circumstances, ever become a refuge… Die if you must, but die on your home turf with your face to the wind, not in some stinking hellhole 2,000 kilometers away, among people you neither know nor care about.” – Ragnar Benson
“It could unfold very, very quickly. Because deflation is a swing of poverty feedback, it can take awhile to build up. If you try to explain to people what’s coming, because it doesn’t happen instantly, they tend to go back to sleep. The thing they need to understand, however, is that when it does hit a tipping point, a kind of critical mass, then it can unfold exceptionally quickly. Then it’s very much like having the rug pulled out from under your feet. So I tell people all the time, prepare now because it’s better to be two years too …
“And we know that all things work together for good to them that love God, to them who are the called according to his purpose.” – Romans 8:28 (KJV)
“…his father always said this was why he’d escaped from Iran–to be free. Free to think. Free to work. Free to play. Free to travel. Free to do whatever he pleased, without a tyrant controlling his every move. Amen, David thought.” – Joel C. Rosenberg, from the novel The Twelfth Imam (p. 66.)
"The truth will set you free, but first it will make you miserable." – President James Garfield
"The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception." – Friedrich Hayek
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." – Napoleon Bonaparte
“Our advice: don’t grow old. Don’t retire. Don’t get sick. Don’t trust the feds. And don’t sell your gold.” – Bill Bonner
“We hold from God the gift which includes all others. This gift is life — physical, intellectual, and moral life. But life cannot maintain itself alone. The Creator of life has entrusted us with the responsibility of preserving, developing, and perfecting it. In order that we may accomplish this, He has provided us with a collection of marvelous faculties. And He has put us in the midst of a variety of natural resources. By the application of our faculties to these natural resources we can convert them into products, and use them. This process is necessary in order that life …
"O our God, will you not execute judgment on them? For we are powerless against this great horde that is coming against us. We do not know what to do, but our eyes are on you." – 2 Chronicles 20:12 (ESV)
“The Great Depression was caused by Federal Reserve expansion of the money supply in the 1920s that led to an unsustainable credit-driven boom. When the Federal Reserve belatedly tightened in 1928, it was too late to avoid financial collapse. According to Murray Rothbard, in his book America’s Great Depression, the artificial interference in the economy was a disaster prior to the depression, and government efforts to prop up the economy after the crash of 1929 only made things worse. Government intervention delayed the market’s adjustment and made the road to complete recovery more difficult. The parallels with today are uncanny.” …