Category: Quote of the Day

"In matters of style, swim with the current; In matters of principle, stand like a rock " – Thomas Jefferson

“…we have the phenomenon called inflation which is the appearance of rising prices. I emphasis the word ‘appearance’ because in reality prices are not rising at all. What we’re seeing is that the value of the dollar is going down, that’s the real side of the equation. If we had real money based on gold or silver or anything tangible that couldn’t just be created out of thin air, it could be based on microphones, that they couldn’t just create with the stroke of a pen, you would see then that prices would remain stable over a long period of …

“The game of chicken that foreigners have been playing with their $[US Dollar] reserves will come to an end. Someone will flinch. The world’s banking system primarily uses Dollars for its reserves. The other currencies used as reserves, Yen, Pounds, Euros, etc. also use Dollars as reserves. Countries are using each other as reserves in a never ending circle of falsely created values. Think of it this way, it is like two people trying to hold each other up off the ground at the same time without either touching the ground. There is no backing or foundation to any currency …

“[John Connor is] ‘the leader of the resistance, fighting artificially intelligent machines determined to annihilate the human race’ Did he strike you that way? Leader of a scrappy band of rebels? Luke Skywalker type?” – Richard T. Jones as FBI Agent James Ellison in the pilot episode of Terminator: The Sarah Connor Chronicles. (Script by Josh Friedman)

“Do all the good you can, by all the means you can, in all the ways you can, in all the places you can, at all the times you can, to all the people you can, as long as ever you can.” – John Wesley

“Anybody moves, and they’re dead meat! (Pause, as he hears many vehicle engines approaching.) Oh, no, I think we’re all dead meat!” – Adam Cockburn as Jedediah Jr., in Mad Max Beyond Thunderdome (Screenplay by Terry Hayes and George Miller)

"Committee: The unwilling, selected from the unfit, to do the unnecessary." – Margaret Thatcher

“…anyone who has been dragging his feet and has still got the bulk of his savings in the banking system, particularly the U.S. banking system, it’s getting almost too late to act. You need to move very quickly to get the bulk of your savings out of the weaker banks…ideally…you should own U.S. Treasuries directly in a money market fund…don’t sit around until it’s too late…finding yourself at the back of the line in front of your bank.” – Robert Prechter, quoted in Once in 100 Year Crisis?

“The amount of gold in existence is finite. It cannot be increased any faster than by 1.6% per annum (the rate at which mines are producing gold). Whereas the amount of money in circulation is currently expanding at double-digit levels, on a worldwide basis, the U.S. M3 money supply back in 1980 was 1.8 trillion dollars. Today, according to economist John Williams, the U.S. M3 money supply has ballooned to almost 15 trillion dollars. Some of that extra money has the potential to move into gold.” – Peter Degraaf, in Is the Price of Gold Artificially Depressed?

“Depression, especially in a highly leveraged world that is accustomed to prosperity, would likely result in serious civil strife. Politically, it must be avoided no matter what the economic or financial costs. Despite ‘spin-talk’ to the effect that the Fed is pursuing a dual mandate to both fight inflation and promote growth, in reality they are simply trying to promote growth pure and simple. This is the reality that few market analysts or journalists dare to mention.” – John Browne

“It’s fairly clear to see that the [UK] government’s figure for the rate of inflation has nothing at all to do with the real increase in our cost of living. The figure is deliberately manufactured in order to crush benefit payments, pensions and workers’ pay rises.” John Andrews in The Price of Eggs .

“And now abideth faith, hope, charity, these three; but the greatest of these is charity.” – I Corinthians 13:13

“At this point, our bet remains that the Feds will go to default mode which means cranking up the printing presses into the red zone, letting the dollar move ever closer to its intrinsic value: zero. That they’ll follow this route is suggested by two inputs. First, a depreciating dollar means a reduction in the trillions of dollars in obligations now owed by the U.S. government. And, secondly, foreign holders don’t vote.” – David Galland, as quoted by The Silver Bear Cafe

“You are as much serving God in looking after your own children, training them up in God’s fear, minding the house, and making your household a church for God as you would be if you had been called to lead an army to battle for the Lord of hosts.” – Charles Spurgeon

“Ludwig von Mises warned us that governments will destroy free-markets long before they ever understand how they work. I would like to add that governments will destroy free-markets if they do not like the message of the market. Government intervention after all is nothing but a blatant attempt to change the market’s message about the price of some good or service. We have seen this intervention time and again by governments around the world, including the U.S. government. Sen. Lieberman’s bill to prevent institutional investors from buying commodities is a good example of this penchant to destroy the market process …