Category: Quote of the Day

“Control the oil and you’ll control the nations; control the food and you’ll control the people.” – Henry Kissinger (1970)

"Probably all laws are useless; for good men do not want laws at all, and bad men are made no better by them." – Demonax – (Roman philosopher, circa 150 A.D.)

"Regardless of the size or quality of defensive forces, the defender usually extracts large costs from the attacker in time, resources, and casualties." – Military Operations on Urbanized Terrain (MOUT) MCWP 3-35.3

“JP Morgan has assets of $1.6 trillion and equity of $126 billion. They seem reasonably well-capitalized at 7.6%. We just hope that there’s no problems in their almost $92 trillion derivative exposure that is more than 50 times their assets and, more importantly, greater than 700 times their equity. We hope them to be well-matched, but if they are even the tiniest bit wrong, their equity could be wiped out as their equity represents just 0.13% of their gross derivative exposure.” – Steven Romick, writing in Agora Financial’s Rude Awakening e-newsletter, May, 2008

“Unfortunately, solving our economic problems is not a simple matter of passing a law to reestablish gold or any other commodity as money. It was not the politicians, but rather the electorate that demanded the abandonment of the gold standard and the establishment of a credit-money standard. In a nation run by majority rule, unless you can convince individuals to abandon the use of government as a sword of theft, gold or any other commodity will never last as the basis for money. A gold standard is not the cause of a stable economy, it is the result of a …

"Man is not free unless government is limited… As government expands, liberty contracts." – Ronald Wilson Reagan

"If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." – Thomas Jefferson, from the debate on the recharter of the Bank Bill, (1809)

"The reflection upon my situation and that of this army produces many an uneasy hour when all around me are wrapped in sleep. Few people know the predicament we are in." – General George Washington, January 14, 1776

"Every action is seen to fall into one of three main categories, guarding, hitting, or moving. Here, then, are the elements of combat, whether in war or pugilism." – Military Historian B. H. Liddell Hart

"Just because the river is quiet does not mean the crocodiles have left." – Malay proverb

“Various kinds of ideas can be classified by their relationship to the authentication process. There are ideas systematically prepared for authentication ("theories"), ideas not derived from any systematic process ("visions"), ideas which could not survive any reasonable authentication process ("illusions"), ideas which exempt themselves from any authentication process ("myths"), ideas which have already passed authentication processes ("facts"), as well as ideas known to have failed- or certain to fail- such processes ("falsehoods" – both mistakes and lies).” – Thomas Sowell

“If socialism, a scheme of mediocrities rather than men of proven ability, is financially unworkable, what happens when the United States is at last socialized by confiscatory income taxes and strangulation of industry in the British manner? Without a capitalist nation to produce wealth, civilization may expect chaos.” – Economist Dr. Karl Fuerbringer (Austrian school)

"Liberty enters the field of journalism to speak for herself because she finds no one willing to speak for her. She hears no voice that always champions her; she knows no pen that always writes in her defense; she sees no hand that is always lifted to avenge her wrongs or vindicate her rights. Many claim to speak in her name, but few really understand her. Still fewer have the courage and the opportunity to consistently fight for her. Her battle, then, is her own to wage and win. She accepts it fearlessly, and with a determined spirit." – Benjamin …

"There are only two ways to live your life. One as though nothing is a miracle. The other is as though everything is a miracle." – Albert Einstein

"There is nothing so likely to produce peace as to be well prepared to meet the enemy." – George Washington