If there is one thing that marks families with money in the long term it is this: delayed gratification.
Bill BonnerPeople are upset. They know something is wrong. But they don't know what. The real explanation is too complicated. They won't sit still for it. So, they look for scapegoats - the rich...the banks...the Chinese.
Bill BonnerNo man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.
Bill BonnerRemember, government is not an enlightened organization designed to promote public welfare. It is barbaric, uncivilized force…military 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 ‘checks and balances,’ 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