Jim’s Quote of the Day:

"A wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and all that is necessary to close the circle of our felicities." – Thomas Jefferson, in his 1801 Inaugural Address




Quote of the Day:

“By this we have come to know love, because He laid down His life for us. And we also ought to lay down our lives in behalf of our brothers. But whoever has this world’s goods, and sees his brother having need, and shuts off his compassion towards him, how does the love of God abide in him? My little children, let us not love in word or in tongue, but in deed and in truth.” – 1 John 3:16-18













Jim’s Quote of the Day:

“Until they realize that their agenda is destroying the life savings of millions of Americans, then all I can give you is caution… I’m not saying Mr. President go stare at the Bloomberg quote machine and come to your senses. I just want some sign that Obama realizes the market is totally falling apart and that his agenda has a big hand in that happening. I don’t know about you but I felt it everywhere I went this weekend… A young kid took me aside. He said I was right when I said we’ve elected a Leninist… I felt the …




Jim’s Quote of the Day:

“For what, after all, is the stimulus package attempting to stimulate? A restrained life of living within our means? No. It’s stimulating consumption. All the big talk of get the credit markets moving again, banks healthy again, balance sheets strong again comes down to this: we need little Susie [Homemaker] to get a loan for a really cool new car she can live without, drive it to a shopping mall to buy cr*p she doesn’t need with a credit card she shouldn’t have, and return to a home mortgaged at a price higher than she can afford. That way, when …




Jim’s Quote of the Day:

“When watching men of power in action it must be always kept in mind that, whether they know it or not, their main purpose is the elimination or neutralization of the independent individual — the independent voter, consumer, worker, owner, thinker — and that every device they employ aims at turning man into a manipulatable “animated instrument,” which is Aristotle’s definition of a slave.” – Eric Hoffer, The Ordeal of Change (1963)













Jim’s Quote of the Day:

“We are in a period of price discovery. Many shares, businesses, and credits are on offer. Typically, people are reluctant to make bids until they have a clearer idea of what these things are worth. What are they worth now that we’re in a post-Bubble world? No one knows. And no one seems in a hurry to find out.” – Bill Bonner, The Daily Reckoning




Jim’s Quote of the Day:

"He that suffers his life to be taken from him by one that hath no authority for that purpose, when he might preserve it by defense, incurs the Guilt of self murder since God hath enjoined him to seek the continuance of his life, and Nature itself teaches every creature to defend itself." – From a 1747 sermon given in Philadelphia, as quoted by C. Asbury in The Right to Keep and Bear Arms in America: The Origins and Application of the Second Amendment to the Constitution, (an unpublished doctoral thesis in history, available at University of Michigan Graduate Library), …




Jim’s Quote of the Day:

Wir versaufen unser Oma ihr klein Hauschen, Ihr klein Hauschen, Wir versaufen unser Oma ihr klein Hauschen, Und die erste und die zweite Hypothek! – Popular drinking song in the Weimar Republic of Germany, 1922 referring to the runaway inflation of the period Loosely translated: We are drinking up our granny’s little house, Her little house, We are drinking up our granny’s little house, And the first and second mortgage!