Joe Saluzzi on the weakness of the financial markets

We are one headline away from S&P 900.

~Joe Saluzzi, co-head of trading, Themis Trading, Bloomberg News, June 24th, 2010

Rick Santelli on the U.S. government

Our government is a free-for-all of dumb ideas.

~ Rick Santelli, CNBC "Strategy Session," June 24, 2010

David Galland on the debt crisis

[T]his [debt] crisis is not going to go quietly to its dirt nap. Instead, the end will almost certainly be akin to a Viking funeral with the political equivalent of rape followed by a raging fire on a sinking ship. Riots in the street and a serious degradation in the quality of life of the majority of the citizenry are all but inevitable, followed by a sea change in the political landscape.

~ David Galland, managing editor of Casey Research, "Why Won't You Die, Damn it!,"June 22, 2010

David Ross on what it means to be an entrepreneur

An entrepreneur is someone who sleeps the same whether they've got a million dollars in profit or a million dollars in debt.

~David Ross, PhD (Professor of hot Dogs), former co-president of the Burger Boat Company, founder of Dr. Dawg restaurants, June 12th, 2010

Ed Markey on the Gulf oil spill and waiving the Jones Act

Markey said the Obama administration should consider waiving the Jones Act, which requires ships operating in U.S. waters to be owned and operated by U.S. companies, as part of an “all-hands-on deck” spill response.

“We have to look at all parts of the world to find the help we need to ensure that we minimize the harm that is done to the people who live in the Gulf region,” said Markey, chairman of the House Energy Committee’s energy and environment panel.

The Department of State is considering offers of vessels from the European Maritime Safety Agency, the Netherlands, Russia, Sweden and Vietnam offered vessels, according to a report yesterday.

~ Congressman Edward Markey, D-MA, "Anadarko, Mitsui Should Pay Share BP Spill Claims, Markey Say," Bloomberg.com, June 18, 2010

Felix Zulauf on the coming currency reform due to repeated financial crises

We are in the final, in the end game, of this system.

It means that we will enter a deflationary period that is accelerating, and the policymakers are trying to counter-act and fight this by using highly inflationary policies. It's sort of a dance on a high-rope, a high-risk dance, and we don't know for certain which way the dancer will eventually fall down to-- some argue it's going to be a deflationary collapse and others argue that it will be hyperinflation.

I think the deflationary pressure on our system will increase and intensify over the next few years and we will come to the point where we will have Lehman, AIG, Citi, in one day happening. At that point in time, there is no way the banking system can handle it.

Therefore, next time, the governments can not come in again because many of those governments are already perceived as bust, too. At that point in time I think the central banks will come in big time and you will see that the balance sheets of the central banks will not expand by a factor of 2 or 3, but of 50, or 100, or something like that.

And once that happens, you will have virtually, in a few weeks, a situation where basically you make our currencies as we knew them, invaluable-- you destroy them.

~ Felix Zulauf, King World News, May 28th, 2010

Felix Zulauf on the gold bull market

The ongoing bull market in gold, which is really a bear market in all of the other currencies, will continue for a number of more years.

~ Felix Zulauf, King World News, May 28th, 2010