Jim’s Quote of the Day:

"The real trouble with this world of ours is not that it is an unreasonable world, nor even that it is a reasonable one. The commonest kind of trouble is that it is nearly reasonable, but not quite. Life is not an illogicality; yet it is a trap for logicians. It looks just a little more mathematical and regular than it is; its exactitude is obvious, but its inexactitude is hidden; its wildness lies in wait." – G. K. Chesterton










Jim’s Quote of the Day:

"It is not the responsibility of the Federal Reserve — nor would it be appropriate — to protect lenders and investors from the consequences of their financial decisions." – Federal Reserve Chairman Ben Bernanke, speaking at the Jackson Hole Federal Reserve conference, August 31, 2007. (Just 25 days before doing exactly that–by lowering interest rates by 50 Basis Points, to the advantage of banking lenders and equities investors, and at the expense of the value of the US Dollar in foreign exchange, and to the detriment of all holders of US dollars.)










Jim’s Quote of the Day:

“Once a nation parts with the control of its currency and credit, it matters not who makes the nations laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of the sovereignty of parliament and of democracy is idle and futile.” – William Lyon Mackenzie King (1874-1950) Prime Minister of Canada, 1935










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 …