None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
Bill BonnerNeither limits nor adversity are what ruin men. Under pressure, they handle themselves pretty well. Itโs the lack of limits they canโt handle. Thatโs when they run amok. So, if you really want to see what a man is made of let him think he can get away with something.
Bill BonnerIf you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.
Bill BonnerPrinting up extra money - with no backing - used to be the sort of thing only counterfeiters did. Now it is done by the central bankers and Treasury Secretaries themselves. They don't apologize for it. They don't hang their heads and contemplate blowing their brains out. Instead, they're proud of it... announcing that they 'saved civilization,' or some such claptrap.
Bill Bonner