Category: Quote of the Day

"Invest in inflation; it’s the only thing that’s going up." – Will Rogers

"Patience and fortitude conquer all things." – Ralph Waldo Emerson

"If ever time should come, when vain and aspiring men shall possess the highest seats in government, our country will stand in need of its experienced patriots to prevent its ruin." – Samuel Adams

"The punishment of wise men who refuse to take part in the affairs of government is to live under the government of unwise men." – Plato

"Circumstances rule men; men do not rule circumstances." – Herodotus

“Am I optimistic for the long-term? Absolutely not. I still believe we’re due for the mother of all market crashes, and that the U.S. economy is running on borrowed time — and I do mean borrowed. I think most baby boomers are in serious financial trouble, and that oil will climb above $200 a barrel. Inflation will also increase, causing more pain for the poor and middle class.” – Robert Kiyosaki

"Wherefore, my beloved brethren, let every man be swift to hear, slow to speak, and slow to wrath:" – James 1:19

"You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold." – George Bernard Shaw

“The harsh reality is that Starbucks is a microcosm of scores of enterprises that have come to comprise the core of the U.S. Bubble economy. The economic viability of so many businesses and even industries will be in jeopardy in the unfolding credit and financial landscape. The stock market is still in the early stage of discounting the unfolding credit and economic bust. And I’ll reiterate that we expect the unfolding economic adjustment to be of such a magnitude as to be classified as an economic depression.” – Doug Noland, The Prudent Bear

“[T]he mantra of the chicken money investor is: “I’m not so concerned about the return on my money, as I am about the return of my money!” – Terry Savage

“The Wall Street crash doesn’t mean that there will be any general or serious business depression. For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game… Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before.” – Business Week, November 2, 1929

"Of course most people underestimate the warrior characteristics of the Anglo-Saxon and Norman peoples anyway. It takes a heap of piety to keep a Viking from wanting to go sack a city." – Jerry Pournelle, in a reply to reader e-mail, in Chaos Manor Mail # 141, February 19-25, 2001

“The more the government is allowed to do in taking over and running the economy, the deeper the depression gets and the longer it lasts. That was the story of the [19]30s and the early [19]40s, and the same mistakes are likely to be made again if we do not wake up.” – Congressman Ron Paul, from The Crisis Is Upon Us

"The decisive Revolutionary battle of Saratoga was fought near there on the bluffs and hills overlooking the Hudson in 1777. You wonder what the heroes of that battle would think of what we have become. What would they make of the word "consumer" that we use to describe our relation to the world? What would they think of excellent river bottom-land that is now barely used for farming – or, where it is still farmed (dairying if anything), of farmers who will not even put in a kitchen garden for themselves because it might detract from their hours of TV …

“One ought never to turn one’s back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching, you will reduce the danger by half. Never run away from anything. Never!” – Winston Churchill