The world has gotten itself into trouble with its heavy reliance on the dollar.Vladimir Putin (Oct 2008, Russian/Chinese conference in Moscow)
Tuesday, November 30, 2010
Trouble
Monday, November 29, 2010
World Currency Crisis
The world is in permanent monetary crisis, but once in a while, the crisis flares up acutely, and we noisily shift gears from one flawed monetary system to another. We go back and forth from fixed paper rates to fluctuating rates, to some inchoate and aborted blend of the two. Each new system, each basic change, is hailed extravagantly by economists, bankers, the financial press, politicians, and central banks, as the final and permanent solution to our persistent monetary woes.Dr. Murray Rothbard (February 1986, The World Currency Crisis)
Sunday, November 28, 2010
Life
I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it’s not the answer.Jim Carrey (April, 2006; Reader’s Digest)
Saturday, November 27, 2010
Gold as Money
There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.Charles De Gaulle (1890-1970, 1st French President of the 5th Republic)
Friday, November 26, 2010
Thursday, November 25, 2010
Stones to Bread
Because they believe in the messianic state, which they believe can turn stones into bread.Gary North (2010)
Wait a minute. It wasn't the Messiah who turned stones into bread. It was the devil who recommended this (Matthew 4).
Wednesday, November 24, 2010
The IMF and the World Bank
[The IMF and the World Bank] are today, in actual fact, large machines for the mere redistribution of income from the taxpaying citizens of the developed countries to irresponsible governments of undeveloped countries.Jörg Guido Hülsmann (2008, The Ethics of Money Production)
Tuesday, November 23, 2010
Fiat Inflation
...fiat inflation is a juggernaut of social, economic, cultural, and spiritual destruction.Jörg Guido Hülsmann (2008, The Ethics of Money Production)
Monday, November 22, 2010
Debts and Inflation
Towering debts are incompatible with financial self-reliance and thus they tend to weaken self-reliance also in all other spheres. The debt-ridden individual eventually adopts the habit of turning to others for help, rather than maturing into an economic and moral anchor of his family, and of his wider community. Wishful thinking and submissiveness replace soberness and independent judgement. And what about the many cases in which families can no longer shoulder the debt load? Then the result is either despair or, on the contrary, scorn for all standards of financial sanity.Jörg Guido Hülsmann (2008, The Ethics of Money Production)
Sunday, November 21, 2010
Inflation
Inflation, it has been said, is like a country where nobody speaks the truth.Charles Goyette (2009, The Dollar Meltdown)
Saturday, November 20, 2010
Peer Review
Scientists understand that peer review per se provides only a minimal assurance of quality, and that the public conception of peer review as a stamp of authentication is far from the truth.Nature Magazine (2006 editorial)
Friday, November 19, 2010
Bitterness
Li Deshui from Beijing's Economic Commission said a string of Asian states share China's "deep bitterness" over dollar debasement, and are examining ways of teaming up to insulate themselves from the tsunami of US liquidity.Ambrose Evans-Pritchard (04/11/2010, In discussion about Quantitative Easing 2)
Thursday, November 18, 2010
Differing Defintions
If by "capitalism" is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a "business economy", "market economy" or simply "free economy". But if by "capitalism" is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality, and which sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative.John Paul II (1991, Centesimus Annus)
In discussion about whether he would recommend "Capitalism" to the developing world.
Labels:
1980-2000,
Definitions,
Economics,
Religious Figures
Wednesday, November 17, 2010
Abolition
Urge immediate abolition as earnestly as we may, it will, alas! be gradual abolition in the end. We have never said that slavery would be overthrown by a single blow; that it ought to be, we shall always contend.William Lloyd Garrison (The Liberator, August 13, 1831)
Tuesday, November 16, 2010
Subsidized Immorality
Rather than carrying an economic penalty, licentiousness might then actually go hand in hand with economic advantages, because it frees the protagonists from the costs of family life (for example, the costs associated with raising children). With the backing of the welfare state, these protagonists may mock conservative morals as some sort of superstition that has no real-life impact. The welfare state systematically exposes people to the temptation of believing that there are no time-tested moral precepts at all.Jörg Guido Hülsmann (2008, The Ethics of Money Production)
Monday, November 15, 2010
American Defeat
... since 1789, the only government on earth that has had the power to crush the American people’s liberties across the board has been the government of the United States.Robert Higgs (2006, America Won the World Wars, but Americans Lost)
Labels:
2000-Present,
Economists,
Government,
Historians,
USA Collapse
Sunday, November 14, 2010
Saturday, November 13, 2010
United States
The United States invariably does the right thing, after having exhausted every other alternative.Winston Churchill (Unsourced)
Friday, November 12, 2010
Politcal/Physical Power
In essence, political power is the physical power, or the threat of it, that one man or a group of men may bring to bear on other men to affect behavior.Frank Chodorov (1959, The Rise & Fall of Society)
Thursday, November 11, 2010
Mathematical Certainty
If you run the numbers, on all those numbers that you just talked about, which I think are accurate, very accurate, in 20 or 25 years, the United States goes bankrupt ... It’s a mathematical certainty.John Allison IV (11/2010, Former CEO and Chairman of BB&T, the 10th Largest US Bank)
Wednesday, November 10, 2010
Trade and Specialization
Society thrives on trade simply because trade makes specialization possible, specialization increases output, and increased output reduces the cost in toil for the satisfactions men live by. That being so, the market place is the most humane institution.Frank Chodorov (1959, The Rise & Fall of Society)
Tuesday, November 9, 2010
Hypocrisy
... we insist that nothing ever justifies the slaughter of innocent men, women and children.Barack Obama (11/08/2010 On a speech to the Indian Parliament)
Monday, November 8, 2010
On Voir Dire
You could say it's the process by which the system assures that no qualified person serves on a jury – or the process by which we make sure to get the dregs of society's barrel instead of the cream of society's crop.Louis James
2010, While Interviewing Doug Casey on Jury Duty, or specifically Voir Dire in this quotes instance.
http://en.wikipedia.org/wiki/Voir_dire#Use_in_the_United_States_of_America
Sunday, November 7, 2010
Sloth Generation
This Boomerang Generation also turns out to be the Sloth Generation, since many of these people have never held a job in their lives. It's not their fault, for the most part. The economic crisis, child-labor laws, socialized educational costs, minimum wages, and a government-imposed culture of prolonged adolescence have combined to deny opportunity to an entire generation.Llewellyn H. Rockwell Jr. (2010, The Killing and Reviving of the American Dream)
Saturday, November 6, 2010
Bilderberg Issues
The 58th Bilderberg Meeting will be held in Sitges, Spain 3 - 6 June 2010. The Conference will deal mainly with Financial Reform, Security, Cyber Technology, Energy, Pakistan, Afghanistan, World Food Problem, Global Cooling, Social Networking, Medical Science, EU-US relations.Bilderberg Press Release (2010)
Friday, November 5, 2010
Government Waste
It could also be argued that governments have repeatedly followed Keynes's tongue-in-cheek advice to pour money down a hole in the ground, and that the amount of money wasted in this way, if properly invested, might by now have pulled the entire world out of poverty.Hunter Lewis (2009, Where Keynes Went Wrong)
Thursday, November 4, 2010
Personal Responsibility and Voting
Not one of all the ten millions of voters who helped to place [a person] in power would have dared to do so if he had known that he was to be held personally responsible before any just tribunal for the acts of those for whom he votedLysander Spooner (1886, A Letter to Grover Cleveland)
Wednesday, November 3, 2010
Taking the Bait
As long as Republicans say they are pro-life, support endless wars in Muslim countries, and compare themselves to the evil Democrats instead of some worthwhile standard, the majority of conservative Christians take the bait, only to be disappointed yet again when the election is over.Laurence Vance (2010)
Labels:
2000-Present,
Democracy,
Economists,
Government,
Historians
Tuesday, November 2, 2010
Chestnuts
Let the British get their own chestnuts out of the fire~1940 (American Isolationist or Non-Interventionist Phrase, according to Gore Vidal)
Monday, November 1, 2010
Purcashing Votes
Our politicians do not purchase votes, they advocate "social" programs. It comes to the same thing.Frank Chodorov (1959, The Rise & Fall of Society)
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