Category: Quote of the Day

“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

"Today Americans would be outraged if U.N. troops entered Los Angeles to restore order; tomorrow they will be grateful. This is especially true if they were told there was an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead with world leaders to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well being granted to them by their world government." – Henry Kissinger, …

“What is worse? Thinking that you are paranoid, or knowing that you should be?” – Shane Carruth, from the screenplay of his science fiction movie Primer (2004)

"No man will ever bring out of the Presidency the reputation which carries him into it." – Thomas Jefferson

“From housing to the dollar, banking to commodities, national debt to soaring Medicare and Social Security obligations: it’s difficult to see the period since 2002 as anything other than one of profligacy and utter fiscal mismanagement. I am not a bear by nature, but when you consider the average debt of the average household and the concentration of household assets in housing, it’s difficult to see happy retirements for many baby boomers.” – Brett Steenbarger

“I learned from my two year’s experiment that it would cost incredibly little trouble to obtain one’s necessary food, even in this latitude; that many a man may use as simple a diet as the animals, and yet retain health and strength.” – Henry Thoreau, Walden, 1854