Category Archives: Quotes

Quote of the Day: 20120904

We, like Jim, would argue that the reason the Great Financial Crisis was so deep was due to the authorities continued refusal to let the business cycle take its natural course.

— Zero Hedge: Is The Fed Responsible For The Great Financial Crisis?

Quote of the Day: 20120823

Distributing insolvency only destroys the last remaining islands of solvency in a bankrupt world.

— Charles Hugh Smith in Spreading Insolvency Around Does Not Create Solvency

Quote of the Day: 20120611

The potential exists for a broad-based nationalization of the credit system, capital controls and dramatic restrictions on financial markets. Some might even be closed for some time.

— Felix Zulauf in The Reformed Broker, June 9, 2012. It’s coming, folks, to a country near you.

Quote of the Day: 20120430

The Fed is transferring immense wealth from the middle class to the most affluent, from the least privileged to the most privileged.

— Mark Spitznagel quoted by Zero Hedge.

Quote of the Day: 20120428

You can lead a Socialist (or Liberal) to knowledge, but you can’t make him think.

— The POOG

Quote of the Day: 20120414

Ineptocracy (in-ep-toc’-ra-cy)

A system of government where the least capable to lead are elected by the least capable of producing,
and where the members of society least likely to sustain themselves or succeed, are rewarded with
goods and services paid for by the confiscated wealth of a diminishing number of producers.

Quote of the Day: 20120406

Thou shalt not steal, except by majority vote.

— Gary North in Reality Check: 20120406.

Quote of the Day: 20120405

However, the disbursements to Greece by the EFSF and the IMF will still be conditional on compliance with conditionality.

—  The Second Economic Adjustment Programme for Greece, March 2012, hat tip to Mike Shedlock. No wonder Europe is in trouble.

Quote of the Day: 20120217

we had to find out over the last several months that it is easier to promise something than to implement it.

— German Finance Minister Wolfgang Schauble, quoted by Zero Hedge from a Goldman Sachs report.

Quote of the Day: 20120216

Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

– President James Garfield, 2 weeks before his assassination (source: Zero Hedge)

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