Jim’s Quote of the Day:

"Let me now reassure you, your money is safe with us and if you want some, or all of it back, then you are perfectly entitled to it. Whilst you may have to wait a little longer than usual to receive it, you will get it." – Adam Applegarth, Chief Officer, Northern Rock Bank, (The fifth largest mortgage lender in England), September 14, 2007










Jim’s Quote of the Day:

“The hope of every central bank is that the real problem can be kept from public view. The truth is that the public — even professionals on Wall Street — have no clue what the real problem is. They know it has something to do with derivatives, but none of them realize that it’s more than a $20 trillion mountain of unfunded, unregulated paper that has just been discovered to not have a market and, therefore, no real value . . . When the dollar realizes the seriousness of the situation — be that now or sometime soon — the …







Jim’s Quote of the Day:

"Hoc erat in votis: modus agri non ita magnus, hortus ubi et tecto vicinus iugis aquae fons et paulum silvae super his foret." Translated: "This used to be among my prayers – a piece of land not so very large, which would contain a garden, and near the house an abundant spring of ever-flowing water, and beyond these a bit of wood." – Horace, Satires 2.6, "On the Sabine Farm"




Jim’s Quote of the Day:

"As every individual, therefore, endeavours as much as he can both to employ his capital in the support of domestic industry, and so to direct that industry that its produce may be of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce …




Jim’s Quote of the Day:

“For six years, the Bush administration has kept America safe from another terrorist attack, allowing the Democrats to claim that the war on terrorism is a fraud, a “bumper sticker,” a sneaky ploy by a power-mad president to create an apocryphal enemy so he could spy on innocent librarians in Wisconsin. And that’s the view of the moderate Democrats. The rest of them think Bush was behind the 9/11 attacks.” – Ann Coulter




Jim’s Quote of the Day:

“As it will be in the future, it was at the birth of Man There are only four things certain since Social Progress began. That the Dog returns to his Vomit and the Sow returns to her Mire, And the burnt Fool’s bandaged finger goes wabbling back to the Fire; And that after this is accomplished, and the brave new world begins When all men are paid for existing and no man must pay for his sins, As surely as Water will wet us, as surely as Fire will bum, The Gods of the Copybook Headings with terror and slaughter …













Jim’s Quote of the Day:

"No benevolent man ever lost altogether the fruits of his benevolence. If he does not always gather them from the persons from whom he ought to have gathered them, he seldom fails to gather them, and with a tenfold increase, from other people. Kindness is the parent of kindness; and if to be beloved by our brethren be the great object of our ambition, the surest way of obtaining it is, by our conduct to show that we really love them." – Classical Economist Adam Smith, The Theory of Moral Sentiments