Jim’s Quote of the Day:
"In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed, and next oblige it to control itself." – James Madison
"In framing a government which is to be administered by men over men, the great difficulty lies in this: you must first enable the government to control the governed, and next oblige it to control itself." – James Madison
“I find it simply fascinating how little is currently being written about the big bull market in gold. Where anything is written, it’s almost a warning that ‘gold is volatile,’ that ‘speculators are driving gold up,’ or that ‘the gold shorts are simply being squeezed.’ Never a word about the Fed creating new inflationary oceans of liquidity, never a word about the dollar losing its purchasing power, never a word about real money rising against all other asset classes. Silence reigns regarding what could be the most significant bull markets in recent history.” – Richard Russell
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.” – Thomas Paine, December 19, 1776
“How rare is gold? If you could gather together all the gold mined in recorded history, melt it down, and pour it into one giant cube, it would measure only about eighteen yards across! That’s all the gold owned by every government on earth, plus all the gold in private hands, all the gold in rings, necklaces, chains, and gold art. That’s all the gold used in tooth fillings, in electronics, in coins and bars. It’s everything that exists above ground now, or since man learned to extract the metal from the earth. All of it can fit into one …
“We must reject the idea that every time a law’s broken, society is guilty rather than the lawbreaker. It is time to restore the American precept that each individual is accountable for his actions.” – Ronald Wilson Reagan
"On the first day of every week each one of you is to put aside and save, as he may prosper." – 1 Corinthians 16:2
“China is now a big buyer of gold and silver for their banks. Chinese television has been recommending that everyone should go to the bank to buy gold and silver. That’s 1.3 billion people getting propagandized. This is a major bullish factor for gold. Perhaps the bankers have met their match.” – Howard J. Ruff
"Some people think the Federal Reserve Banks are U.S. government institutions. They are not … they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history. Every effort has been made by the Fed to conceal its powers, but the truth is the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will." …
"The gold standard, in one form or another, will prevail long after the present rash of national fiats is forgotten or remembered only in currency museums."- Hans F. Sennholz
“Let me tell you why you’re here. You’re here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life, that there’s something wrong with the world. You don’t know what it is, but it’s there, like a splinter in your mind, driving you mad. It is this feeling that has brought you to me.” – Laurence Fishburne as Morpheus, The Matrix, 1999. (Screenplay by Larry and Andy Wachowski.)
"Inflation has now been institutionalized at a fairly constant 5% per year. This has been scientifically determined to be the optimum level for generating the most revenue without causing public alarm. A 5% devaluation applies, not only to the money earned this year, but to all that is left over from previous years. At the end of the first year, a dollar is worth 95 cents. At the end of the second year, the 95 cents is reduced again by 5%, leaving its worth at 90 cents, and so on. By the time a person has worked 20 years, the …
“Cynic is a word created by optimists to criticize realists.” – Gregory Benford, In the Ocean of Night, 1972
"Put on the whole armor of God, that ye may be able to stand against the wiles of the devil. For our wrestling is not against flesh and blood, but against the principalities, against the powers, against the world-rulers of this darkness, against the spiritual [hosts] of wickedness in the heavenly [places]. Wherefore take up the whole armor of God, that ye may be able to withstand in the evil day, and, having done all, to stand. Stand therefore, having girded your loins with truth, and having put on the breastplate of righteousness, and having shod your feet with the …
"A house is not a home unless it contains food and fire for the mind as well as the body." – Benjamin Franklin
“You might just as well. . . read the Bible to buffaloes as to those fellows who follow [slavery]; but they have a supreme respect for the logic that is embodied in Sharp’s rifle.” – Rev. Henry Ward Beecher (after whom, Sharps repeating rifles were nicknamed “Beecher’s Bibles”)