Quotes

That's OK I guess ..... no one believed me anyway.

 Having been called into question by my old friend, Dougy for my cavalier treatment of one of the most, if not the single most, revered football quotes of all time.

Here it is, offered with the respect it deserves.

And then of course there's Lombardi's second most well known quote.

That's a good one too.

It seems that Doug Casey has been sharing a station on the same wavelength with Nicholas Kristoff, as he writes for Whiskey and Gunpowder in an op-ed titled Charity and the Real Root of Poverty,

And as if that weren't quite enough for one day's work, Mr. Casey continues,

Fred on Everything is my new favorite site.

I can sit here and read and read and read and read, agree with much of it, and never once have my blood pressure go through the roof.

Most of the time, the more I agree with a guy, the more I just want to go out and throttle some other guy.

Not so much with Fred.

Way, double highly recommended.

Click anywhere an the quote below for the piece from which it was taken.

Now there's some thinkin!

I like Bill Bonner a lot.

I've read "The Daily Reckoning" for a long time and rarely skip his column.

But clearly, he has been spending way too much time with "The Mogambo Guru".

And that can't possibly be good for anybody's mental health.

“The West is doomed.

It is already second rate.

It just doesn't realize it yet.

The Chinese work harder.

They save more.

They are better organized...and probably smarter.

And there are more of them.

They are not burdened by two centuries of success ... neither by expensive social welfare programs, nor by a Goliath military-industrial complex, nor by thousands of lobbyists, lawyers, and educators.

The return on investment capital is higher.

You just have to pay off an official or two.

In America and Europe, you have to pay off the entire establishment ... the unions, the politicians (local, state and national), the hacks, the regulators, the pentagon, the meddlers, the do-gooders, the unemployed, the contractors, the public employees, the poor, the rich, the halt, the lame ...

... every leech in Christendom ....

It is just a matter of time before the Chinese take over.

Soon, they will be the richest, most advanced, most accomplished people on earth...its leading innovators, its greatest artists and architects ... its standout scientists ... and its top military power.”

 Bill Bonner

 Or, as Mogambo himself might say (WFD)

You get Richard Maybury

“We have almost no way of tracking what is really happening in China.

The statistics are generated by government agencies that feel no obligation to be truthful to the western devils who overran China in the 19th and 20th centuries.

The numbers are quoted in the mainstream press as if they are reliable, but they aren’t, except in the sense that they tell us what the Chinese regime wants us to think…

It’s likely, in my opinion, that for all practical purposes, absolutely every modern Chinese company is malinvestment.

Its buildings, equipment and workers are in the wrong places doing the wrong things at the wrong prices. These businesses were erected in artificial hot spots created by the injections of fiat currency.

For the present, as long as the supply of fiat currency continues to rain down, the Chinese economy will look fine.

But when the value of the yuan begins to drop sharply, Chinese officials will be faced with a terrifying choice: continue inflating the money supply to prop up the cones, until the yuan is worthless, or stop, and watch the entire economy go belly up.

Neither choice is likely to lead to social harmony.

China’s population reportedly numbers 1.35 billion. About 60% are working age. 

Hundreds of millions live just one paycheck ahead of starvation.

They all know the elite in the cities wallow in luxury…

The fact that at least some Chinese leaders do not want the yuan to climb against the dollar is strong evidence they know what they’ve done.

If the yuan rises much — perhaps 20% or more — prices of Chinese exports will rise, sales will fall, and the shakeout will return.

Tens of thousands of businesses will go under, and mobs of unemployed will begin pouring into the streets.

So, I think some or all the Chinese leadership know they’re facing a Stephen King nightmare…

How big will the disaster be?

I think it has the potential to be the worst in human history —worse than the Black Death, the Dark Ages, the fall of the Roman Empire, you name it.

If just 4% of the population is killed, it will be the worst bloodbath ever, surpassing even the total global body count of World War II.

This kind of thing has happened before in China many times.

Atrocities there are not done halfheartedly…

China is a house of cards, and the bigger they build it, the harder it will fall.

In my opinion, the folks in the Pentagon should be thinking about that;

it is destined to become their problem…

In my opinion, the West’s outdated Keynesian economics has set China up to be the worst catastrophe in history…”

Richard Maybury, Early Warning Report, 05-10

OK then ... now I feel much better.