A man's wealth can...also be measured by what he doesn't have and doesn't want. When he wants little, he is a rich man.
Bill BonnerIf you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.
Bill BonnerThe economic freedom that made the U.S. economy the leader of the world has given way toa rigged, controlled, and regulated economy.
Bill BonnerOnly simple ideas can be held by large groups of people. Commonly held ideas are almost always dumbed down until they are practically lies... and often dangerous ones. Once vast numbers of people have come to believe the lie, they adjust their own behavior to bring themselves into sync with it, and thereby change the world itself. The world, then, no longer resembles the one that gave rise to the original insight. Soon, a person's situation is so at odds with the world as it really is that a crisis develops, and he or she must seek a new metaphor for explanation and guidance.
Bill BonnerRemember, government is not an enlightened organization designed to promote public welfare. It is barbaric, uncivilized forceโฆmilitary and police power put to the service of the insiders who control it. Yes, there are constraints on the way the insiders use their power. There are โchecks and balances,โ built into the constitution, for example. And there are cultural norms and traditional prohibitions. But eventually, the norms and traditions wear off, like painkillers. And then, the pain of raw government begins again.
Bill Bonner