Home > Miscellaneous Musings, Predictions > Bill Bonner: Funny, Cogent, Spot On

Bill Bonner: Funny, Cogent, Spot On

I love Bill Bonner’s writings.  Witty, erudite, cynical without being sarcastic.

Here he is explaining the government’s need to blame it on the rich:

As we keep pointing out, if capitalism had been allowed to do its stuff during the crisis of ’08 and ’09 we wouldn’t be having this conversation. The Dow would probably already be at about 6,000…and the rich would have lost about $10 trillion in bankruptcies, defaults, sell-offs and write-downs. We wouldn’t have the Bank of America or Goldman Sachs to kick around — they probably would have gone out of business.

That’s what crises are for…to separate fools — especially rich fools — from their money. The rich lose much more money than the poor…because they have so much more to lose.

Remember our zombie theory.

Everybody wants wealth, power and status. (The rich are just better at it.)

They want to get it in the easiest possible way.

And the easiest way is to take it away from someone else.

That’s what government does. It allows the rich to get rich…supporting their stocks and real estate holdings with artificially low rates and expandable paper money. Then, when the rich go too far, it bails them out with even lower rates and even more ersatz paper money. The rich get their dividends; the politicians get their sinecures and campaign contributions; the middle classes lose their jobs, their houses, and their standards of living.

The masses never even try to figure this out. They only know that the game is rigged against them…and they get angry.

We are headed for complete disaster.  There is no hope.  And the governments got us here.
Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: