Category: Quote of the Week

"There is no glory in practice, But without practice there is no glory." – Anonymous

“Don’t ever promise more than you can deliver, but always deliver more than you promise.” – Lou Holtz

"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.)

"All the problems we face in the United States today can be traced to an unenlightened immigration policy on the part of the American Indian" – Pat Paulsen (American comedian)

"Few men have virtue to withstand the highest bidder." – President George Washington

“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

“Do not ever make the mistake of thinking that the other guy is as bad a shot as your shooting buddies are.” – JC121, at TheHighRoad.org

"[T]he militia, sir, is our ultimate safety. We can have no security without it." – Patrick Henry (from the debates over the adoption of the proposed new American Constitution of 1787)

"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

“Always be the best, my boy, the bravest, and hold your head up high above the others. Never disgrace the generation of your fathers. – Hippolochus, to Glaucus, in Homer’s Iliad VI, (Fagle’s translation, p.202)

"If pointing an empty gun at your opponent makes him duck, you may live for an extra two seconds-and who knows? You may find another gun, the bad guy may give up, or the Ammo Fairy may drop you a magazine." – Clint Smith, director of Thunder Ranch

“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 …

"The most fundamental fact about the ideas of the political left is that they do not work. Therefore we should not be surprised to find the left concentrated in institutions where ideas do not have to work in order to survive." – Thomas Sowell

"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"

"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 …