Live for the best, prepare for the worst
The road to ruin is always well kept in good repair, and the travelers pay the expense of it
Asset values are theoretical while liabilities are very real
Mundus vult decipi, ergo decipiatur (the world wants to be deceived, so let it be deceived)
Ignorance is not bliss. It is the food of slaves, and the tyrant's money.
For Evil to prosper, all that need happen is for Good Men to do nothing
Never attribute to malice what can adequately be described as stupidity
If you're bearish and right, people hate you. If you're bearish and wrong, people laugh at you. You can't win.
Those who understand interest - collect it. Those who don't understand interest - pay it
The most potent weapon in the hand of the oppressor is the mind of the oppressed
If you live each day as if it was your last, someday you'll most certainly be right.
Taxes are not levied for the benefit of the taxed
A generation which ignores history has no past - and no future
$100 compounded at 7% for 200 years is more than $100 million, by which time it will be worth nothing.
The truth of a proposition has nothing to do with its credibility. And vice versa
Collapsing confidence is generally described as a bursting bubble, an event incontrovertibly evident only in retrospect.
Gold’s honesty is derived from the fact that it is an asset free of debt acting as a measure of value
Aurum et argentum comparendi sunt (Gold and Silver must be bought)
When a well packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous
Don't count your years. Make your years count
Life is a promise to be fulfilled
The purpose of Fiat money is to tax surresptitiously through inflation
On a surface level, life is a comedy. On a deep level, life is a tragedy
Rather a dangerous liberty than a peaceful servitude
Some days you eat the bear, and some days the bear eats you
Despite the high cost of living, it's still extremely popular
Debt is real. Equity is opinion
Subsidies cause rentseeking
A constitution is like a chastity belt for which the lady holds the key
Credit is suspicion asleep
A problem is not a problem until it is a problem, then it is a problem
Democracy is two wolves and a sheep debating on what's for dinner. Liberty is a well armed sheep defending it's choice
The only purpose of GPP calculation is to make every other thing small by comparison
Financial genius is a rising market
No man is fit for public office if he is not perfectly willing to leave it at any time
Numbers are like people - torture them enough and they will tell you anything.
Memento Mori !
Money makes the world go 'round
The only thing to remember about money matters : money matters
Money is just another name for the most generally accepted means of exchange
Liquidity breeds stupidity
The Worst Loans are Made in the Best of Times
How to prepare : the 4 B's : Beans, Bullets, Bullion and Bible
In the history of repairs, red tape has yet to fix anything
Assume the worst, hope for the best, and be prepared for whatever happens
Inflation allows you to live in a more expensive neigbourhood without moving
Government's 3 choices : If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.
Economists do it with models
Talk is cheap. Supply exceeds Demand
Economics : everything we know in a language we don't understand
Economics is extremely useful as a form of employment for economists
If an economist and an IRS agent were both drowning and you could only save one of them, would you go to lunch or read the paper?
Inflation is the Cruelest Tax
The nail that sticks out is the one that gets hammered
Fiat currencies don’t float. They just sink at different rates
Novus Ordo Seclorum. one dollar bill, reverse
Amateurs built the Ark. Professionals built the Titanic
Gold does not lie
Thou shalt not steal. Government hates competition
'the times, they are a'changing'
In a free society what you know is important, in other societies it is whom you know
Immigration : government tentative to dissolve the people and elect a new one
A tacit consent is worth the paper it is not written on
If you think health care is expensive just wait until it's free
It's always darkest just before it goes pitch black
If you think the problems Governments create are bad, just wait until you see their solutions.
In Gold we trust
The rule of law is a wondrous thing - especially if you write them
The punishment of liars is that they cannot believe anyone else
Don't steal. The Government hates competition
It's gonna get worse before it gets worse
A fractional banking system is called as such because only a fraction of the public will be able to get their money out, the rest nothing.
The lottery, is a tax on people who can't do math
Men, like rabbits, are being caught by the ears
An armed man is a citizen. An unarmed man is a subject.
America is a place to do, Europe is a place to be
Non-redeemable paper money is a short position on gold
It is difficult for a man to understand something when his job depends on him not understanding it
There are only two types of purely paper money - those which have gone bust and those which will go bust.
When the end comes, it will be a surprise even to those who expect it
Some conspire to take power; others conspire to keep it
The purpose of life is a life with purpose
Gouvernement : if you think the problems we create are bad, just wait until you see our solutions
A rumor is just that until it is officially denied three times, then it becomes fact
Gold is diversification and insurance all wrapped up into one nice package. So simple.
An economist is someone who gets rich explaining others why they are poor.
Economics is the painful elaboration of the obvious
Men fight for freedom, then they begin to accumulate laws to take it away from themselves
Just because you’re paranoid doesn’t mean they’re not out to get you.
Smart people always learn from their mistakes but really smart people learn from the mistakes of others
You know it takes two to lie. One to lie and one to listen.
When your only investment strategy is prayer, you are probably not on the right track
It's a little known statistical fact that exactly half of the population is below average intelligence, and half is above
Survival is about being in active denial that regardless of what happens you're gonna die eventually
The Golden Age comes to mankind only after they have re-discovered gold’s value
When virtue is a vice the naughty rule the nice
A lottery is a tax on the math illiterate
If you don't know where you are going any road can take you there
It is said that the Swiss only love money… this is not true. They also love gold
In the end game, truth is found only at the margins
Never make mistakes and you'll never have to learn from them
No matter how much you push the envelope, it’ll still be stationery
In a democracy it’s your vote that counts. In feudalism it’s your count that votes
Failing to prepare is preparing to fail
There are rarely fortresses which can resist donkeys loaded with gold
One of the hardest things to do is believe what your eyes are telling you.
Revolutions dawn when an appreciable number of the ruled realize their rulers are intellectual and moral inferiors
Number one rule when investing in mining stocks : Grade rules