Tuesday, November 30, 2010

Trouble

The world has gotten itself into trouble with its heavy reliance on the dollar.
Vladimir Putin (Oct 2008, Russian/Chinese conference in Moscow)

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

Sow and Reap

Sow with a view to righteousness,
Reap in accordance with kindness;
God, Hosea 10:12a

Thursday, November 25, 2010

Stones to Bread

Because they believe in the messianic state, which they believe can turn stones into bread.
Wait a minute. It wasn't the Messiah who turned stones into bread. It was the devil who recommended this (Matthew 4). 
Gary North (2010)