When Americans (remember) learn that these politicians style are as old as Cain and Able (deceit and lies) some may be inspired to do something about it. Till then, it is the same old story. Solomon said it thousands of years ago, there is nothing new under the sun. They will lie, cheat, steal, destroy in order to be re-elected and the cycle begins again. There are so many boondoggles going on that it is hard to keep up with them. But openly breaking the law and not fearing consequences is end times in the Bible, when good is thought evil and evil, good. Just sayin'
The story of Cain and Abel is not one of good and evil. Cain simply didn't know how to follow instructions and had a bad attitude. Able knew how to follow directions. Abel or Hebel from the Hebrew was not much appreciated by his mother Chawah, (not Eve) based on his name Heble translates to 'waste of breath'. I would agree politicians don't listen to their constituents, have bad attitudes, and generally are a waste of breath. Maybe God was trying to warn us about such men. We obviously didn't listen.
Bill Bonner’s eyesight is very clear. There is no cataract obscuring his vision.
When you ask yourself why these prominent (degenerate) politicians hang in to their job well past the usual retirement age the answers are does not require higher education. Are they so concerned with the welfare of America? Is a used car salesman concerned with his customer getting the best bang for the buck?
Our president was elected to congress at the age of 29. He never left politics and with all his experience destroys the country brick by brick. The legal system accepts a candidate to congress at an age of 25. Did any of those big hearted politicians ever considered to make changes in the age requirement? They know very well that not that many Americans have the money at that age to dream of being elected. Yes, it takes money to be elected in our great to be again country.
They are elected and not in business of call it politics. There is no profit considered when it comes to their salaries and benefits of which we only know some. CEO’s are businessman and should not be considered as comparable.
Power is what’s the most enticing. Most of them come into their positions with money and do not have a clue about earning a living in an environment different then they are in. Compare their wealth and yours and the effort it took to achieve it.
America to be a country great again needs intelligent voters. Where should they come from?
Another wise missive from Bill Bonner. However, with respect to age, we must remember that there are three ages by which individuals are measured. First, the chronological age, measured from the person's date of birth. Second, the physical age, measured by how well a person has taken care of their body during their life. Third, the emotional age, does a person think like a young person or an old person. Each one of those ages has an influence on a person's life experience.
There are some who will say that both Biden and Trump are old. Biden is 80, Trump, I believe, is about 76. But, using my analysis above, physically Biden is 95, Trump 70 (and, if he would take off 50 pounds he would be 65). Emotionally, Biden is 95, Trump 50. So, on balance, Trump is much younger than Biden.
So, how does a person get a high physical score? Eat well and work out. There is no other way. My wife is 87 and I am 83. For over 50 years, we have been working out three days a week at a gym. She plays 18 holes of golf and looks like she is in her 70s.
SPOT-ON Bill! Very good analysis and Prose, as always. Could you possibly get Will to do an update on the Ranch, Vinyard, and the neighbors once in a while? Maybe once a week or every two weeks. Just Saying! Florida Jimmy.
When I was young I believed in democracy, but I was ignorant. The opinion of fools does not grow collectively smarter as the number of fools increases. The Founders, apparently, knew that only real stakeholders (property owners) should vote. They have a literal interest in the dirt beneath them and do not want an overly intrusive or wasteful government governing them. Now, people vote in their collective best interests, or what they have been told is their best interests. Pandering to groups has rendered democracy, as we think we know it, into a race to bribe groups for votes. If government had less influence (via policy, handouts, legislative power), it could not pander. However, when you have 60,000 pages of tax code, and 75,000 pages of OSHA regs, and who knows how many pages of EPA rules, the navigation through these obstacles is enormous, restrictive, and is rife with winks and nods. Our democracy was supposed to be a republic, but instead has morphed into a government that crimminalizes everyone, and then selective enforces as needed. Woe to the masses for being dependent on such a government.
JODCPA, it was a total surprise to me in my late 50s to find out that what you just described is precisely what Aristotle foresaw when he named "the PERVERSION of popularly elected government" demo-crateia - rule by neighborhoods - in which rich neighborhoods vote (and connive) to take from the poor, while the always-more-numerous poor vote (and...) to take from the rich. That's BAD! There were over 100 demos, neighborhoods, in the Athens region.
The sustainable form of popularly elected government he named poli-teia - it means rule for the whole state, the polis. That's GOOD! A poli-tician was a statesman. That's GOOD.
For some reason somehow somebody has turned these two words upside down. Today people consider democracy good, and politics bad. I grew up thinking that.
The only common ground I find with people on this subject is when I ask, "What do incumbents brag about to get your votes? Don't they all say, "Look at how much booty I brought home to your neighborhood from other neighborhoods!" ? "
Please write on the May 1st law that requires people with 800 plus credit scores being forced to pay higher interest rates than people with less than 800 credit scores for mortgages with Fannie Mae and Freddie Mac. Unbelievable!
Gosh,you've just written new zealands history also,this country has gone from being the 3rd richest country in the world in the 1950s to now being the 27th and still headingsouth quickly.83% of the population is on some type of govt handout,what a captive vote.The world looked upon Jacinda Ardern as a world savior but like all communists her ideology was tax and control even to the point of stating her Government's spouting were the only truth and all other views should be shut down and true to her principals she bought the media and the education system to rewrite our history, deleting the past where it suites them.Its about to take some future bad turns as the wealth creators leave with their capital and the country is left with the ever increasing welfare recipients.Does this history lesson rhyme,Venezuela, Zimbabwe,plus a host of other world countries who have travelled this road.
Great video,you'll summed it up imperfectly will on send,classic.She,her,him has just landed a job at your Harvard University,where is the world going .
Bill Bonner writes some very interesting epistles which often reduce complex financial and societal situations to something understandable and often revealing. This "executive summary" is certainly one of them. I have often wondered why politicians often tell us how hard they have to work with the long hours, days away from home, difficult decision making and always with the voters guillotine hanging over their scrawny necks, yet will spill blood, other peoples money and tears to get voted back in, even when they are probably cognitively well past their use by date. It must be something about power or maybe just the perks that go with the job. Whatever. As I get older I am finding it easier to just ignore them and get on with my life such as it is.
Your prescription to suffer now or suffer more later curdled the cream in my coffee. Only masochists or Marines can tolerate this recipe for righting the wrongs you cite.
Since we'll never put in office a candidate who promises to reduce benefits and raise taxes, then maybe aspiring office holders can make the future less foreboding by promising to remove legal and regulatory impediments that inhibit wealth making.
More wealth means more tax revenue to pay down our gargantuan debt and fund the benefits we citizens demand
How much would the Feds need if they ended foreign aid, shutdown most of our 800 foreign military bases, stopped the wars, stopped funding foreign wars, stop illegal immigration and end benefits to illegals, discontinued automatic budget increases, closed many unconstitutional 3-letter agencies and, yes, reduced benefits.
The robber baron manipulators always run the show, either overtly as now, or covertly as in the '50s.
We are now grinding down the steep, gravelly slope into the bottom of the Pride-robbery-war-disease-starvation Cycle. I thought we would be here decades ago, when I first noticed the arc turning downward. The youth are always in a hurry, but it appears that only my timing was off.
I cannot see anything we can do to stop the cycle at this point. As Bill opines, there probably never was anything - and he tried with far more intelligence and influence than I ever had. However, I am studying and working hard to position myself to comfort those in need of comfort and help bear the burdens of others who are doing that, while we wait for bad times to bring strong men to the forefront to make good laws again.
It's impossible to pay off the national debt with debt. USD is an IOU, created by the Fed out of thin air. Fractional reserve banking system is inflationary by definition. $100 deposited can be lent out a thousand fold. Over time this same $100 becomes tens of thousands and yet there's only $100 which in turn is an IOU with nothing behind it but a promise to pay. Warren Buffet noted the life insurance business is always a winning proposition. Valuable investment dollars are collected with no interest paid the depositor. While these same funds are invested, one day the beneficiary is paid back with inflated less valuable dollars.
Whatever happened to term limits twenty years ago we should have gotten rid of most of those people. We may need to follow the French and give them a Louis the fourteenth party 🤷🏻♂️
Brother, you SURE called that one with the link. Luckily, I stay generally so far away from Banks that even the splash-back can't reach. Whenever I must have funds go into one of the commercial bank accounts, out it goes within 24 hours max. A bit harder to do with the business account, but I try.
PS - Avoid the "bottle of whiskey, sleeping tablets by your head." Much better (in most cases) to leave them thinking "now you're messin' with a,,,,"
That 80:1 has got to narrow soon, right? RIGHT?? :)
I popped out of a dead sleep last night and realized that "Now you're messin' with a..." was Nazareth, not Bad Company. I must be getting old when I make a slip like that...
I have no idea where the border of Ukraine is and I don’t care. I don’t want geriatrics running the country but that’s who has secured power. As an ordinary American I have no say in who runs my government. I am outnumbered by the takers. That’s why democracy dies eventually. Welcome to the show.
Hi StarboardEdge.Yes your right but here in the British colony of NZ the silient majority of the population still describe things as they are not as the Govt would like it to be,our next election this November will hopefully get us back on the right track but maybe the govt bribery will win and then it's game over for our country.
Today after meeting with a fellow Philadelphia real estate investor, I'm so very happy I sold all of mine. While on paper his properties are worth in the millions. Our fair City has cratered his cash flow. From last we met the RE taxes on entire profolio have gone up 7x-10x along with new fees and fines and general cost of upkeep the high cost of materials and labor. Government has created another cash poor millionaire. My advice, start selling accrue some traveling money. Our fine City Council is worried about the poor tenants, they believe it might be time to explore rent control.
Upon your recommendation, I am about half way through the youtube video of Tony Deden, chairman of Edelweiss Holdings talks with Grant Williams.
I have found myself laughing aloud many times with utter delight at the brilliant simplicity, charity, and eccentric far-sightedness of Mr. Deden and his interviewer.
Thank you, thank you for directing us to that treasure! It feels to me like a turning point in my search for enduring savings.
PS. I set the Youtube closed caption size to 300%, and slowed the video speed at 75%, which makes the whole thing much more understandable and memorable. I could wash dishes and sweep the floor for my sweet wife and still easily absorb the genius information flowing out of that interview.
QUESTION: Does anyone know how to record the audio of a Youtube video to play (again and again) while I drive?
I searched around and found https://www.acethinker.com/youtube-to-mp3-1. Paid $10 for a month subscription to reduce my risk of malware and ads infinitum from freeware. Simple and intuitive program - extracted and saved just the audio for me in a small MP3 file. Ten bucks for an audio of this brilliant 2 1/2 hour interview! I'm a happy boy.
When Americans (remember) learn that these politicians style are as old as Cain and Able (deceit and lies) some may be inspired to do something about it. Till then, it is the same old story. Solomon said it thousands of years ago, there is nothing new under the sun. They will lie, cheat, steal, destroy in order to be re-elected and the cycle begins again. There are so many boondoggles going on that it is hard to keep up with them. But openly breaking the law and not fearing consequences is end times in the Bible, when good is thought evil and evil, good. Just sayin'
The story of Cain and Abel is not one of good and evil. Cain simply didn't know how to follow instructions and had a bad attitude. Able knew how to follow directions. Abel or Hebel from the Hebrew was not much appreciated by his mother Chawah, (not Eve) based on his name Heble translates to 'waste of breath'. I would agree politicians don't listen to their constituents, have bad attitudes, and generally are a waste of breath. Maybe God was trying to warn us about such men. We obviously didn't listen.
Bill Bonner’s eyesight is very clear. There is no cataract obscuring his vision.
When you ask yourself why these prominent (degenerate) politicians hang in to their job well past the usual retirement age the answers are does not require higher education. Are they so concerned with the welfare of America? Is a used car salesman concerned with his customer getting the best bang for the buck?
Our president was elected to congress at the age of 29. He never left politics and with all his experience destroys the country brick by brick. The legal system accepts a candidate to congress at an age of 25. Did any of those big hearted politicians ever considered to make changes in the age requirement? They know very well that not that many Americans have the money at that age to dream of being elected. Yes, it takes money to be elected in our great to be again country.
They are elected and not in business of call it politics. There is no profit considered when it comes to their salaries and benefits of which we only know some. CEO’s are businessman and should not be considered as comparable.
Power is what’s the most enticing. Most of them come into their positions with money and do not have a clue about earning a living in an environment different then they are in. Compare their wealth and yours and the effort it took to achieve it.
America to be a country great again needs intelligent voters. Where should they come from?
Another wise missive from Bill Bonner. However, with respect to age, we must remember that there are three ages by which individuals are measured. First, the chronological age, measured from the person's date of birth. Second, the physical age, measured by how well a person has taken care of their body during their life. Third, the emotional age, does a person think like a young person or an old person. Each one of those ages has an influence on a person's life experience.
There are some who will say that both Biden and Trump are old. Biden is 80, Trump, I believe, is about 76. But, using my analysis above, physically Biden is 95, Trump 70 (and, if he would take off 50 pounds he would be 65). Emotionally, Biden is 95, Trump 50. So, on balance, Trump is much younger than Biden.
So, how does a person get a high physical score? Eat well and work out. There is no other way. My wife is 87 and I am 83. For over 50 years, we have been working out three days a week at a gym. She plays 18 holes of golf and looks like she is in her 70s.
Dick Truelick
truelick@cox.net
SPOT-ON Bill! Very good analysis and Prose, as always. Could you possibly get Will to do an update on the Ranch, Vinyard, and the neighbors once in a while? Maybe once a week or every two weeks. Just Saying! Florida Jimmy.
When I was young I believed in democracy, but I was ignorant. The opinion of fools does not grow collectively smarter as the number of fools increases. The Founders, apparently, knew that only real stakeholders (property owners) should vote. They have a literal interest in the dirt beneath them and do not want an overly intrusive or wasteful government governing them. Now, people vote in their collective best interests, or what they have been told is their best interests. Pandering to groups has rendered democracy, as we think we know it, into a race to bribe groups for votes. If government had less influence (via policy, handouts, legislative power), it could not pander. However, when you have 60,000 pages of tax code, and 75,000 pages of OSHA regs, and who knows how many pages of EPA rules, the navigation through these obstacles is enormous, restrictive, and is rife with winks and nods. Our democracy was supposed to be a republic, but instead has morphed into a government that crimminalizes everyone, and then selective enforces as needed. Woe to the masses for being dependent on such a government.
JODCPA, it was a total surprise to me in my late 50s to find out that what you just described is precisely what Aristotle foresaw when he named "the PERVERSION of popularly elected government" demo-crateia - rule by neighborhoods - in which rich neighborhoods vote (and connive) to take from the poor, while the always-more-numerous poor vote (and...) to take from the rich. That's BAD! There were over 100 demos, neighborhoods, in the Athens region.
The sustainable form of popularly elected government he named poli-teia - it means rule for the whole state, the polis. That's GOOD! A poli-tician was a statesman. That's GOOD.
For some reason somehow somebody has turned these two words upside down. Today people consider democracy good, and politics bad. I grew up thinking that.
The only common ground I find with people on this subject is when I ask, "What do incumbents brag about to get your votes? Don't they all say, "Look at how much booty I brought home to your neighborhood from other neighborhoods!" ? "
Does it sound familiar? I think that's BAD.
Please write on the May 1st law that requires people with 800 plus credit scores being forced to pay higher interest rates than people with less than 800 credit scores for mortgages with Fannie Mae and Freddie Mac. Unbelievable!
Hi David -
Ain't Socialism grand?
Gosh,you've just written new zealands history also,this country has gone from being the 3rd richest country in the world in the 1950s to now being the 27th and still headingsouth quickly.83% of the population is on some type of govt handout,what a captive vote.The world looked upon Jacinda Ardern as a world savior but like all communists her ideology was tax and control even to the point of stating her Government's spouting were the only truth and all other views should be shut down and true to her principals she bought the media and the education system to rewrite our history, deleting the past where it suites them.Its about to take some future bad turns as the wealth creators leave with their capital and the country is left with the ever increasing welfare recipients.Does this history lesson rhyme,Venezuela, Zimbabwe,plus a host of other world countries who have travelled this road.
Hi Mr. Plimmer -
You keep calling him a her -- I realize I am half-a-world-away here in FLA, but isn't this "equipment" pretty much universal?? :)
https://www.youtube.com/watch?v=1qikUdCOe-4
Great video,you'll summed it up imperfectly will on send,classic.She,her,him has just landed a job at your Harvard University,where is the world going .
Cheers
Sorry mis spell,perfectly
Bill Bonner writes some very interesting epistles which often reduce complex financial and societal situations to something understandable and often revealing. This "executive summary" is certainly one of them. I have often wondered why politicians often tell us how hard they have to work with the long hours, days away from home, difficult decision making and always with the voters guillotine hanging over their scrawny necks, yet will spill blood, other peoples money and tears to get voted back in, even when they are probably cognitively well past their use by date. It must be something about power or maybe just the perks that go with the job. Whatever. As I get older I am finding it easier to just ignore them and get on with my life such as it is.
Thanks Bill, for another good one.
The so "Called Leaders" have been paid off.
Your prescription to suffer now or suffer more later curdled the cream in my coffee. Only masochists or Marines can tolerate this recipe for righting the wrongs you cite.
Since we'll never put in office a candidate who promises to reduce benefits and raise taxes, then maybe aspiring office holders can make the future less foreboding by promising to remove legal and regulatory impediments that inhibit wealth making.
More wealth means more tax revenue to pay down our gargantuan debt and fund the benefits we citizens demand
Raise taxes?
You don't think we are taxed too much already?
How much would the Feds need if they ended foreign aid, shutdown most of our 800 foreign military bases, stopped the wars, stopped funding foreign wars, stop illegal immigration and end benefits to illegals, discontinued automatic budget increases, closed many unconstitutional 3-letter agencies and, yes, reduced benefits.
The robber baron manipulators always run the show, either overtly as now, or covertly as in the '50s.
We are now grinding down the steep, gravelly slope into the bottom of the Pride-robbery-war-disease-starvation Cycle. I thought we would be here decades ago, when I first noticed the arc turning downward. The youth are always in a hurry, but it appears that only my timing was off.
I cannot see anything we can do to stop the cycle at this point. As Bill opines, there probably never was anything - and he tried with far more intelligence and influence than I ever had. However, I am studying and working hard to position myself to comfort those in need of comfort and help bear the burdens of others who are doing that, while we wait for bad times to bring strong men to the forefront to make good laws again.
It's impossible to pay off the national debt with debt. USD is an IOU, created by the Fed out of thin air. Fractional reserve banking system is inflationary by definition. $100 deposited can be lent out a thousand fold. Over time this same $100 becomes tens of thousands and yet there's only $100 which in turn is an IOU with nothing behind it but a promise to pay. Warren Buffet noted the life insurance business is always a winning proposition. Valuable investment dollars are collected with no interest paid the depositor. While these same funds are invested, one day the beneficiary is paid back with inflated less valuable dollars.
Whatever happened to term limits twenty years ago we should have gotten rid of most of those people. We may need to follow the French and give them a Louis the fourteenth party 🤷🏻♂️
You are ON FIRE today brother.
Love it...
Hey Fishin' -
Brother, you SURE called that one with the link. Luckily, I stay generally so far away from Banks that even the splash-back can't reach. Whenever I must have funds go into one of the commercial bank accounts, out it goes within 24 hours max. A bit harder to do with the business account, but I try.
PS - Avoid the "bottle of whiskey, sleeping tablets by your head." Much better (in most cases) to leave them thinking "now you're messin' with a,,,,"
Great band...
That 80:1 has got to narrow soon, right? RIGHT?? :)
I popped out of a dead sleep last night and realized that "Now you're messin' with a..." was Nazareth, not Bad Company. I must be getting old when I make a slip like that...
I have no idea where the border of Ukraine is and I don’t care. I don’t want geriatrics running the country but that’s who has secured power. As an ordinary American I have no say in who runs my government. I am outnumbered by the takers. That’s why democracy dies eventually. Welcome to the show.
Hi StarboardEdge.Yes your right but here in the British colony of NZ the silient majority of the population still describe things as they are not as the Govt would like it to be,our next election this November will hopefully get us back on the right track but maybe the govt bribery will win and then it's game over for our country.
Cheers
Where can I find a copy of the wages diversion that started with the separation of the dollar from gold?
Today after meeting with a fellow Philadelphia real estate investor, I'm so very happy I sold all of mine. While on paper his properties are worth in the millions. Our fair City has cratered his cash flow. From last we met the RE taxes on entire profolio have gone up 7x-10x along with new fees and fines and general cost of upkeep the high cost of materials and labor. Government has created another cash poor millionaire. My advice, start selling accrue some traveling money. Our fine City Council is worried about the poor tenants, they believe it might be time to explore rent control.
Tom Dyson, THANK YOU!
Upon your recommendation, I am about half way through the youtube video of Tony Deden, chairman of Edelweiss Holdings talks with Grant Williams.
I have found myself laughing aloud many times with utter delight at the brilliant simplicity, charity, and eccentric far-sightedness of Mr. Deden and his interviewer.
Thank you, thank you for directing us to that treasure! It feels to me like a turning point in my search for enduring savings.
PS. I set the Youtube closed caption size to 300%, and slowed the video speed at 75%, which makes the whole thing much more understandable and memorable. I could wash dishes and sweep the floor for my sweet wife and still easily absorb the genius information flowing out of that interview.
QUESTION: Does anyone know how to record the audio of a Youtube video to play (again and again) while I drive?
If you have an Android phone there is a screen recorder function in the settings...
Thank you, Clem.
I searched around and found https://www.acethinker.com/youtube-to-mp3-1. Paid $10 for a month subscription to reduce my risk of malware and ads infinitum from freeware. Simple and intuitive program - extracted and saved just the audio for me in a small MP3 file. Ten bucks for an audio of this brilliant 2 1/2 hour interview! I'm a happy boy.