<blockquote>"..to fundamentally change how they set priorities and allocate resources."
- Robert Gates (
(Planetary) '..spending on defence..' Example (Brainstorm))</blockquote>
'..we have had two or three generations grow up who don't remember all of that, haven't read their history, politicians who didn't know anything about history at all and don't know anything about economics..'<blockquote>'We did have more discipline and more understanding in the past few decades, but that's partly because of the history of those decades. We remembered the First and Second World War. We remembered the Great Depression. We remembered what happened when you got too leveraged and couldn't pay your bills. We knew what happened when you debased your currency.
But now of course, since the Second World War, we have had two or three generations grow up who don't remember all of that, haven't read their history, politicians who didn't know anything about history at all and don't know anything about economics at all. So everybody thinks there's a free lunch.'
- Jim Rogers,
These Days Everybody Thinks There's A Free Lunch, December 28, 2011</blockquote>
'..if we don’t take our pain now and we wait until the market forces the pain on us, then it’s going to be you know a systemic collapse.'<blockquote>'The problem is that the measures that America needs and not just America, many countries but especially America needs, would cause huge pain for a while. But if we don’t take our pain now and we wait until the market forces the pain on us, then it’s going to be you know a systemic collapse.
It’s going to be very, very serious pain; you’re going to see riots in the street. You’re going to see serious, serious problems, maybe perhaps war even. It’s better to go ahead and take the pain now, while it would be terrible for two or three or four years, at least we’d get it behind us and start over.'
- Jim Rogers,
We Should Take The Pain Now And Not Wait Until The Market Forces The Pain On Us, December 23, 2011</blockquote>
Context<blockquote>
'..fiat inflation is a powerhouse of social, economic, cultural, and spiritual destruction.' - Jörg Guido Hülsmann'Austrian Economics as Affirmative Science' - '..the exact theoretical social sciences..'Gold - '..the central planning experiment of the past four decades .. a catastrophic failure .. statist .. up in arms.''..all those ideologies that were to turn the twentieth century into a bloodbath were ultimately based on Hegel’s philosophy of history.'China warns Federal Reserve over 'printing money' - By Ambrose Evans-Pritchard</blockquote>