Jim’s Quote of the Day:
"We must be free not because we claim freedom, but because we practice it." – William Faulkner
"We must be free not because we claim freedom, but because we practice it." – William Faulkner
"People kill people for Air Jordan tennis shoes. What do you think they will do for food if they are starving?" – SurvivalBlog Reader DK in Texas
“The Constitution only guarantees the American people the right to pursue happiness. You have to catch it yourself.” – Benjamin Franklin
“If … …Fannie and Freddie are flat-out taken over entirely by the US government (and remember the Federal Reserve is not the government), then the national debt will roughly double overnight — which will pound the US dollar down a rat-hole.” – James Howard Kunstler
"We are not what we know, but what we are willing to learn." – Mary Catherine Bateson
“If you ever hear a government official come out and say that an institution is fine, you know it’s time to get your money out because history shows they’re likely lying. Look what happened with Fannie and Freddie. The government said everything was fine right up to the day the US Treasury dropped the biggest government bailout of all time on the American taxpayer. The bill for Fannie, Freddie and the bank failures could cost the taxpayer over $400 billion. (That’s your money, of course.)”. – Richard Benson in: Is Your Money Safe?
"Today is the day you swore was going to be different – yesterday." – Nick Murray
“It only took a sinking dollar, US$4 gas, sky-rocketing food inflation, pathetic employment numbers, a limping stock market, and a housing crash for the mainstream to start to question our dominance. But apparently, we’re there.” – Kathlyn Von Rohr, writing in the Sovereign Society’s Offshore A-Letter, July, 2008
“The mistakes made with excessive credit at artificially low rates are huge, and the market is demanding a correction. This involves excessive debt, misdirected investments, over-investments, and all the other problems caused by the government when spending the money they should never have had. Foreign militarism, welfare handouts and $80 trillion entitlement promises are all coming to an end. We don’t have the money or the wealth-creating capacity to catch up and care for all the needs that now exist because we rejected the market economy, sound money, self reliance and the principles of liberty.” – Congressman Ron Paul
“The basic tool for the manipulation of reality is the manipulation of words. If you can control the meaning of words, you can control the people who must use the words.” – Philip K. Dick
“Hopefully the FDIC insurance will take care of it. I’m also kind of kicking myself for not taking care of this sooner, sooner as in the last couple of days.” – Alan Sands, a former IndyMac Bank customer; quoted on Friday, July 11, 2008, commenting on how he was unable to draw funds after his bank was closed by Federal regulators in the midst of a bank run.
"My people perish for lack of knowledge." – Hosea 4:6
“And did they get you to trade your heroes for ghosts? Hot ashes for trees? Hot air for a cool breeze? Cold comfort for change? And did you exchange a walk on part in the war for a lead role in a cage?” – Roger Waters, lyrics to Pink Floyd’s “Wish You Were Here” (1975)
“We are thus in the position of having to borrow from Europe to defend Europe, of having to borrow from China and Japan to defend Chinese and Japanese access to [Persian] Gulf oil, and of having to borrow from Arab emirs, sultans and monarchs to make Iraq safe for democracy. We borrow from the nations we defend so that we may continue to defend them. To question this is an unpardonable heresy called ‘isolationism’.” – Patrick J. Buchanan
"Sometimes I wonder whether the world is being run by smart people who are putting us on… or by imbeciles who really mean it." – Mark Twain