Jim’s Quote of the Day:
"Beaten paths are for beaten men." – Eric A. Johnston (1842 – 1914), US journalist and short-story writer
"Beaten paths are for beaten men." – Eric A. Johnston (1842 – 1914), US journalist and short-story writer
“Hold on, my friends, to the Constitution and to the Republic for which it stands. Miracles do not cluster and what has happened once in 6,000 years, may not happen again. Hold on to the Constitution, for if the American Constitution should fail, there will be anarchy throughout the world.’” – Daniel Webster
"I remember during the metals’ bull market of the 1970s when we were worried about gas rising to $1.50 a gallon, some enterprising gas stations put up signs selling gas for a dime a gallon. Of course, they wanted pre-1964, 90-percent silver dimes which had value in excess of a gallon of gas. If you were smart, you didn’t fall for it. You were better off keeping the coins to yourself." – Howard J. Ruff
"Now I have a sheep and a cow, every body bids me good-morrow." – Ben Franklin, The Way to Wealth, 1736
"Almighty God…I yield thee humble and hearty thanks that thou has preserved me from the danger of the night past, and brought me to the light of the day, and the comforts thereof, a day which is consecrated to thine own service and for thine own honor. Let my heart, therefore, Gracious God, be so affected with the glory and majesty of it, that I may not do mine own works, but wait on thee, and discharge those weighty duties thou requirest of me. Give me grace to hear thee calling on me in thy word, that it may be …
"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