Jim’s Quote of the Day:

“It is upon a reckless people: squalid in their demeanor, stupid and arrogant in their politics, economics and military matters; sleazy in their popular culture the savage judgment of history will be rendered. The verdict will be guilty. The penalty will be death, for the people, the institutions and culture which so openly mocks all that is just and true and good about the American Republic. Like Rome, we have replaced Republic with Empire and, like Rome, we will pay the economic price for our folly.” – Doug McIntosh, “The Economic Farce is Ending”, June 5, 2005




Jim’s Quote of the Day:

"…and there shall be a time of trouble, such as never was since there was a nation [even] to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book. And many of them that sleep in the dust of the earth shall awake, some to everlasting life, and some to shame [and] everlasting contempt. And they that be wise shall shine as the brightness of the firmament; and they that turn many to righteousness as the stars for ever and ever." – Daniel 12:1-3 (KJV)










Jim’s Quote of the Day:

"The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves; whether they are to have any property they can call their own; whether their Houses, and Farms, are to be pillaged and destroyed, and they consigned to a State of Wretchedness from which no human efforts will probably deliver them. The fate of unborn Millions will now depend, under God, on the Courage and Conduct of this army." – General. George Washington, to his troops before the battle of Long Island, New York



















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 …