Category: Quote of the Day

“Let a regular army, fully equal to the resources of the country, be formed; and let it be entirely at the devotion of the federal government; still it would not be going too far to say, that the State governments, with the people on their side, would be able to repel the danger. The highest number to which, according to the best computation, a standing army can be carried in any country, does not exceed one hundredth part of the whole number of souls; or one twenty-fifth part of the number able to bear arms. This proportion would not yield, …

"[There is] treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up." – Proverbs 21:20 (KJV)

"Expecting a carjacker, a rapist or a drug pusher to care that his possession or use of a gun is unlawful is like expecting a terrorist to care that his car bomb is taking up two car [parking] spaces." – Joseph T. Chew

“Many citizens are questioning the numerous disconnects between the futures markets in precious metals and commodities and the realities of global supply and demand. As the saying goes: keep an eye on the referee. Maybe this match/game isn’t quite as fair as it’s advertised.” – Charles Hugh Smith

“What we as a nation have done recently is eat the seeds and kill off the game which is necessary to regenerate surplus in the future. We have consumed our future surplus. This is essentially why the Coming Depression will not end in 2009 or 2012–we as a nation have consumed our future surplus via stupendous deficits and the stupendous interest payments which must be paid out of future surpluses.” – Charles Hugh Smith

"Life is ten percent what happens to you and ninety percent how you respond to it." – Lou Holtz

"To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical." – Thomas Jefferson

"Gold is money, and nothing else." – J.P. Morgan, testifying under oath to Congress before the Pujo Commission, 1913

"A sluggard does not plow in season; so at harvest time he looks but finds nothing." – Proverbs 20:4

"In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress." – John Adams (1735-1826)

“Determine what is best for the government, and know that is what the powers are working to make happen. [Monetary] inflation is what is ‘best’ for a government with enormous debt’. – Ayn Rand

"With the exception only of the period during which the gold standard was in effect, virtually all governments throughout history have used their exclusive power to issue money, as a method to defraud and plunder the people." – Friedrich von Hayek

“The typical individual is addicted to low quality leisure. He watches prime time television. He reads very little. He does not subscribe to economic newsletters or spend much time on financial web sites. He does not think about the distant future, which he defines as anything beyond this month’s paycheck.” – Dr. Gary North

"Because of the unprecedented fragility of our intertwined power grid and complex transportation system, the technological West is highly vulnerable to sabotage and chaos." – Camille Paglia

"There was no court in Holland which would enforce payment. The question was raised in Amsterdam, but the judges unanimously refused to interfere, on the ground that debts contracted in gambling were no debts in law. Thus the matter rested. To find a remedy was beyond the power of the government. Those who were unlucky enough to have had stores of tulips on hand at the time of the sudden reaction were left to bear their ruin as philosophically as they could; those who had made profits were allowed to keep them; but the commerce of the country suffered a …