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Prabir Talati's avatar

Well said, Bill. The Greenspan put turned out to be a put on all our futures.

Patrick G's avatar

WELL BILL CAN WISH OLD ELMER FUDD A NICE SOFT LANDING IN HEAVEN ALL HE WANTS, BUT THE CORE OF BILL'S MESSAGE WAS VERY CUTTING AND CRITICAL. OF COURSE BEING A FINANCIAL JOURNALIST SEEKING MONEY FROM SUCKERS ALL DAY LONG (LIKE ME) HE SEEKS ALSO TO MATTER AND TO BE RECOGNIZED ETC. AS ALL HUMANS DO. WHY WE DO THAT? BECAUSE OTHERWISE ITS ABSURD THIS THING CALLED LIFE....WHICH WE KNOW FROM FRENCH LITERATURE SPECIFICALLY CANDIDE THAT LIFE IS IN FACT ABSURD SO WE TEND TO OUR OWN GARDENS AND TRUDGE ON AWAITING WHATEVER COMES NEXT...EITHER A NOTHINGNESS BEYOND THE DARK BEYOND.....BEING AND NOTHINGNESS...THE EXISTENTIAL VIEW, OR OUR JUST REWARD IN HEAVEN HELL OR PURGATORY, WHICH CATHOLICS CREATED TRYING TO JUSTIFY NOT BEING SENT TO HELL FOR UNJUST REASONS.

HOWEVER, NOT WANTING TO PILE ON OLD ELMER FUDD AND BELITTLE AND DEGRADE AND INSULT THE DEAD, I DO HAVE TO CHUCKLE A BIT AND BILL IS CORRECT HERE...ELMER DID DO A 180 ONCE IN OFFICE...GOING FROM ACADEMIC AND CLARINETIST AND AYN RAND LOVER QUITE LITERALLY IT IS ALLEGED, TO A PERSON IN OFFICE WITH ALL THE KLIEG LIGHTS ON HIS FACE AND HAVING TO PEFORM OR BE SHAMED OR RUN OFF....AND WHEN FACED WITH THAT HOARD OF HYENAS....THE JACKALS OF WALLSTREET....HE DID WHAT MOST MEN DO....BOW TO WALLSTREET AND SAY THANK YOU AND GIVE THEM WHAT THEY WANT...INSATIABLE THIRST AND HUNGER FOR MORE GREED AVARICE BEGGAR THY NEIGHBOR AND THE EVILS OF THE TEMPLE DESCRIBED IN DETAIL IN THE HOLY BIBLE CHAPTER AND VERSE BOTH OLD AND NEW TESTAMENT. THE SEVEN DEADLY SINS.

NEW YORK IS THE ORIGINAL SIN CITY FOR MOST AMERICANS. LOOK AT THE US OPEN FOR GODS SAKE. ANOTHER DISGRACEFUL BEHAVIORAL EPISODE FROM THE DRUNKEN HOARDS OF CRYPO BROS DISRUPTING PLAY AND MAKING A MOCKERY OF THE GENTLEMAN'S GAME. TO THE POINT NOW VETERAN BROADCASTERS ARE DEMANDING THE PGA NEVER RETURN TO LONG ISLAND AGAIN. EVER. I CONCUR.

I CANT SAY MUCH OTHER THAN RELAY SOME PERSONAL EXPERIENCE....ONCE INTERVIEWED BY A LEGEND IN THE D.O....I MEAN A LEGEND.....TOP OF THE LEGENDARY LIST, AND WE CHATTED A GOOD WHILE AND HE WAS DIGGING FOR MY SOUL HE SAID, AND I ASKED HIM WHAT INTERVIEWERS WANT TO KNOW MOST AND HE WITHOUT WASTING A SECOND SAID TO ME, "P. ITS THIS WAY, WE WANT TO KNOW HOW YOU PERFORM UNDER PRESSURE AND WHEN THE KLIEG LIGHTS GO ON." AMEN BROTHER. (REST IN PEACE JIMMY....I MISS YOU BROTHER...GONE 8 YEARS AND IT STILL HURTS BAD) HE WAS SAYING THAT PEOPLE ARE ALL BRAVADO AND GYM RAT READY, FLEXING MUSCLES AND SHOWING UP WITH A GLOSSY RESUME...EVEN GETTING THROUGH TRAINING AND SO FORTH.....BUT THEN FOLD LIKE LAWN CHAIRS WHEN THE GOING GETS TOUGH OR THE LIGHTS TURN ON AND LIFE AND DEATH DECISIONS ARE AT THE CUSP OF YOUR NEXT BREATH.....AND THEY NEED TO KNOW YOU WONT FOLD...NOW SOME OF THAT IS BEING STUBBORN OR BELLIGERENT OR BOLD OR STRONG BACKBONE AND BALLSY....GOT IT....BUT EVEN GROWN MEN CRY. SO HE WANTED TO KNOW.

AND SO IT IS IN LIFE. SO OFTEN. WE GET PROMOTED TO THE NEXT LEVEL AND FIND OUT FAST IF YOU HAVE LEADERSHIP OR ARE AN OFFICE WEASEL OR ALL TALK....BIG HAT AND NO CATTLE. MOST PEOPLE ARE THE LATTER.

ALL TALK. BIG HAT NO CATTLE.

SO MY VIEW IS ELMER FUDD SIMPLY FOLDED UP HIS AYN RAND BRAVADO AND GAVE THE WALLSTREET SCUM WHAT THEY WANT....TO SAVE HIMSELF....AND THEN POLISHED IT WITH ADVANCED GOBBLEDEGUCK AND HID FROM THE TRUTH. AS BILL SAID, HE KNEW. WE KNEW. WE KNEW HE KNEW. AND HE KNEW WE KNEW HE KNEW BETTER.

THAT IS LIFE. IN POLITICS. IN GOVERNMENT SERVICE. IN THE MILITARY EVEN. AND IN BUSINESS. AND THE ART OF BULLSHIT.

I AM A SINNER TOO BTW. NO SANCTIMONIOUS CROWING HERE. I NEED DIVINE MERCY TOO. AND YES I HOPE TO LEAVE A LEGACY FOR MY WIFE AND KIDS NOT MEASURED IN WEALTH BUT IN LOVE AND COMPASSION AND MAYBE SOME ADMIRATION. THINGS THAT MATTER THAT THE LATE GREAT JOURNALIST, FORMER PSYCHIATRIST AND MEDICAL DOCTOR WHO HAD A DIVING ACCIDENT IN MEDICAL SCHOOL PARALYZING HIM YET FINISHED TOP OF HIS CLASS AND ON TIME....CHARLES KRAUTHAMMER M.D. A MAN I GREATLY GREATLY ADMIRED.

WE ARE ALL DOOMED NOW. MAYBE IT WAS ALWAYS SO. I DONT KNOW. I AM A BELIEVER IN JESUS CHRIST AND TRUST HIS WORDS ARE TRUE AND ACCURATE. OTHERWISE ITS JUST THE BLACK HOLE OUT THERE AND THAT WOULD BE ABSURD FOR ALL OF US...A POINTLESS LIFE FOR EVERYONE AND EVERY CREATURE. SO I TEND MY OWN GARDEN AS CANDIDE TAUGHT ME.

Richard Redstone's avatar

Bill Bonner you are one of the biggest anti-Semitic creeps who’s ever lived. Did some big bad Hasidic Jew steal your lunch money?

Patrick G's avatar

N.B., IT IS ALLEGED, AND I DONT HAVE THE FIGURES IN FRONT OF ME, THAT THE SINGLE LARGEST BAILOUT CONDUCTED BY SEC. PAULSON WHEN WE WERE LITERALLY HOURS....3 HOURS I WAS TOLD FROM TOTAL MELTDOWN AND ARMAGGEDON IN 2008, WAS TO THE SAUDIS WHO HAD BEEN CONVINCED TO BUY MBS AND DERIVATIVES PACKAGED BY WALLSTREET SCUM, AND SOLD TO THEM AS AAA RATED BONDS. THEY CALLED PAULSON ON THE PHONE I HEARD AND TOLD HIM DIRECTLY, YOU BAIL US OUT SINCE WE WERE HOODOOED ON THE RATINGS AND DO IT NOW, ALL OF IT, ONE FELL SWOOP, OR WE SIMPLY CUT YOU OFF FROM OPEC OIL FOREVER. HE BLINKED AND CALLED BUSH43 AND THEY STROKED THE CHECK TO THE SAUDIS. BIGGEST BAILOUT OF ANYONE IN THE 07-08 CRISIS. (MOSTLY OCTOBER 08) JOHN MCCAIN WAS TOAST AND BUSH KNEW IT AND SHRUGGED.

WHAT DID WALLSTREET DO WITH ALL THE MONEY THAT ELMER FUDD GAVE THEM ? AFTER HIS PREDECESSOR PAUL VOLKER HAD PUT US THROUGH THE RINGER FROM LATE 70S TO 83 RAISING RATES TO KILL THE INFLATION MONSTER? WHY WALLSTREET JUST REWARDED THEMSELVES. DONT YOU KNOW? THEY CREATED THE DOT COM BUBBLE, A BUNCH OF MINDLESS BOGUS COMPANIES AUTHORIZED WHEN CONGRESS DECIDED TO ALLOW BANKS TO DO IPOS AND CANCEL OLD LAWS RESTRICTING BANKS CONDUCT AND SEPARATING INVESTMENT BANKING FROM CONSUMER AND CORPORATE BANKING.....LETTING ANYONE DO IT AND THEN WALLSTREET AND THE SEC LET THEM DO IPOS WITHOUT BEING PUBLIC MORE THAN 3 YEARS AND WITHOUT PROFITS FOR MORE THAN 3 YEARS...AND PRESTO A BUBBLE APPEARED...AS THAT POPPED WALLSTREET SHRUGGED AND RAN TO MORTGAGES AND ALSO GOT CONGRESS TO OPEN THAT DOOR DUMPING MORE LAWS...LETTING ANYONE ORIGINATE MORTGAGES..LITERALLY PIZZA DELIVERY GUYS BECOMING MORTGAGE BANKERS OVERNIGHT...AND PRESTO....MORE CHICANERY AND A BUBBLE AND THEN THOSE BANKS DEREGULATED ABOVE BOUGHT THOSE MBS.....SOME SHUFFLED THEM OFF ON FOREIGNERS AND SOME FOOLISHLY KEPT THEM ON THEIR OWN BOOKS...UH OH....BUBBLE POPPED AGAIN AND THEN PAULSON BAILED THEM ALL OUT TO AVOID ARMAGGEDON....KNOWING THE SAFEGUARDS HAD BEEN REMOVED (A FACT BILL LEFT OFF BTW) AND WOULD TAKE DOWN MOM AND POP TOO....BUT MOSTLY FOREIGNERS WHO HAD A KNIFE TO OUR THROATS....OIL...THEN WHAT HAPPENED NEXT? THE SOCIAL MEDIA SCAM AND THE CRYPTO SCAM AND NOW THE AI SCAM....ITS ONE SCAM AFTER ANOTHER...WALLSTREET IS SCAM CENTRAL...THEY GET PAID HUUUUGE BONUSES AND SALARIES AND CREATE BIZARRE INSTRUMENTS AND CALL IT LIQUIDITY AND THEN ARTFULLY SAY ITS ALL GOOD FOR THE SYSTEM AND THEN SELL IT AND DISAPPEAR....AGAIN AND AGAIN.

LOOK. AYATOLLAH KHOMEINI SAID WALLSTREET WAS THE DEN OF INEQUITY AND NEEDED TOBE DESTROYED...HE WASNT WRONG. JUST WRONG ON SOLUTION.

ITS ALWAYS BEEN THIS WAY. SINCE THE CIVIL WAR WHEN WE DUMPED AGRARIAN AND SELF FEEDING/PROTECTING SOCIETY TO AN INDUSTRIAL BASE AND NEEDING FUEL AND SO FORTH...RAILROADS....THE ROCKEFELLERS AND STEAM SHIPS AND THEN VEHICLES TRUCKS AND CARS AND FACTORIES AND STEEL MILLS AND SO FORTH WALLSTREET PROVIDED THE LOANS TO BUILD THEM ALL. WALLSTREET ALSO FINANCED GERMANS IN WW1 AND ALSO WW2 BTW.

WHO ARE THE INVENTORS AND CREATORS OF SILICON VALLEY AND STILL ARE WITH AI? COMPUTERS AND CHIPS AND SERVERS AND NOW MASSIVE DATA CENTERS?

CATCH MY DRIFT? WHO RUNS WALLSTREET AND ALWAYS HAS? WHO RUNS THE DIAMOND INDUSTRY AND ALWAYS HAS? WHO RUNS THE GOLD MINING INDUSTRY AND ALWAYS HAS?

THE MONEYCHANGERS SHALL WE SAY, WHOM JESUS CONDEMNED.

NO WONDER THE KIDS OF TODAY ARE EMBRACING COMMUNISM (FOOLISHLY AS THEY KNOW NOT WHAT THEY D0)

edgardo mellid's avatar

Your point of view differ for almost all i read so far, remember when you write an article that you also have subscribers from parts of the world where english isn’t their first language

Regards