George W. Bush on the Iraq War (2003)

Mission accomplished!

~ President George W. Bush regarding the Iraq War, May 1, 2003

John Maynard Keynes: "no more crashes in our time" (1927)

We will not have any more crashes in our time.

~ John Maynard Keynes, 1927

President Herbert Hoover on the 1929 Crash (1930)

While the crash only took place six months ago, I am convinced we have now passed the worst, and with continued unity of effort, we shall rapidly recover.

~ President Herbert Hoover, May 1, 1930

Jim Sinclair on OTC dervatives

The securitized debt OTC derivative market is seizing up. It is not seizing up, it is dying. This mountain is a two trillion dollar scam. It was known in 2008, but nothing was done about it. Now litigation is going to set the victims free. What the first OTC derivative crisis did not do to the international investment banks, litigation will. Here comes the final act in the OTC derivative crime against humanity.

Jim Sinclair on OTC derivatives, www.JSMineset.com, October 19, 2010

Christian Science Monitor on the Titanic (1912)

"Passengers Safely Moved and Steamer Titanic Taken in Tow." 

~ Christian Science Monitor headline, April 15, 1912

Jim Chanos on the China property bubble

Dubai, at the peak of its building boom, had 240 square meters of property under development for every $1 million in national GDP. In urban China today that ratio is four times as high. We've seen this movie before. It was Dubai a couple of years ago, Thailand and Indonesia during the Asian crisis of the late '90s, and Tokyo in 1989. This movie has a bad ending.

~ Jim Chanos, "Chanos vs. China," Fortune, December 6, 2010

Former totalitarian expresses the sentiment undoubtedly shared by his compatriots

You know, I know something about totalitarianism. I have been a totalitarian ruler. And I have to admit, it was a great job while it lasted.

~Eduard Shevardnadze, former foreign minister of the USSR, as quoted in a conversation with David Rothkopf in "Superclass: The Global Power Elite and the World They Are Making"