Traditional common sense vs. the elite's uncommon nonsense...
1971 when Nixon took us off the gold standard was the beginning of the end for this country. With nothing but a wink and a promise to back the currency, there was no other direction for things to go but downward. Without all of the funny money, things would be a lot different I imagine. "Follow the money" folks, if you can, with all the shell games being played.
So much of what is happening is out of our control, which is why I have to constantly remind myself to focus on what I can control... which is not much some days, but I digress...
Our government is full of grifters and thieves, and dare I say, traitors. Just look at New England's heating supply problem. While sitting on one of the world's largest gas supplies, it chose instead to follow the 'green wave' and import its natural gas...from Russia, Tobago... Think about that for a minute (or 20 -3 second attention spans, if you will). I have no idea how much fuel, diesel fuel mind you, it takes to ship the containers of LNG to Boston's harbor, but it is mind boggling!
These folks running the show(s) are either dumber than rocks or they have an agenda, part of which is to end the middle class while also filling their personal coffers. History does really rhyme...
The inmates are running the Asylum.... It's Lord Of The Flies. "Atlas Shrugged"
I've said it before, and I'm going to say it again. From a common sense, traditional middle class, point of view ,everything is so f.......d up it, quite literally, has to be a plan. The world improvers have known forever that resistance to their plans can only come from the middle class, and so have spent the last 30 years making sure that eventually there won't be one. Eventually is now just around the corner. Great read by Bill and some really good comments.
The WEF indeed. Notice Klaus Schwab was running the show at the G20, wearing matching shirts alongside his pet Presidents & Prime Ministers. Who is he? How did he get there? & why is his name never in the media. The mainstream media is controlled by the global elite, that's why.
"We penetrate ze cabinets" he said, many years ago, as the founder of the WEF he has bought much power. Now it seems they have installed an unelected gov't in Westminster, who are parroting the globalist narrative & implementing socialist policies. We may as well have just stayed in the WEF affiliated EU, would have saved a lot of trouble.
The loose thread, now rapidly unraveling the fabric that holds everything together, is the Federal government's refusal to live within its means. This combined with a no term limits for those who authorize Federal government spending -- the Congress -- has disposed our legislators to buy votes by consistently overspending.
Despite a Debt Ceiling imposed a century ago to require fiscal responsibility, Congress routinely increases this current ceiling, an act that renders it a nuisance rather that a genuine limit. The results are legislators seldom replaced by voters and a currency the purchasing power of which has steadily declined since the Debt Ceiling was created in 1917
Through it all, however, enduing are Bill's summary of the maximums most of us live by. Interestingly, these maximums are not unique to America. They are found everywhere but realized only to the degree by which people are free
Bill, again you read my mind. You could have included, "tell the commoners that you are going to pay their student loans and they would vote for you and that would take care of the "red wave" . They are as predictable as trips to the bathroom. Although I did read an article about filling the Gulf with windmills and after the costs were checked, it was too expensive, destroyed fishing and the foreign investors did not make a killing on their investment. So, what is next, force the issue or just go ahead and screw the folks cause they are ignorant anyway. By the way, it is thought that the student loan deal was going to, in effect, buy 26,000,000 votes. Yeah, that would change the tide on an election. Just sayin'
P.S. Biden could do something really nice for the Saudis and get them to sell us more oil at a cheaper price and kill the oil companies, too. Dayum, is this a great country or what.
It began with the greatest generation wanting their children to have it better. Then the parents, already being spoiled, of the “participation trophy” era. Their progeny have developed the mantra: I want to do what I want, where I want, when I want, without consequence. The degree to which you enable that, I will vote you in and not care what you do. Example, I want you to protect ME from crime and any problems with drugs, BUT do not interfere with me taking as much of any drugs I want.
Oh, Bill ! Really? Keep that "Delenda Est" in perspective ! Cato endlessly muttering "Carthage must be destroyed" to the Senate about Rome's mortal enemy, versus today's clueless elites, whose goals and ideals are as wooly and absurd as they are delusional is a poor analogy.
Your historical example understood exactly who needed to be destroyed, and nagged the decision-makers into concrete action. Our rulers, on the other hand, stumble blindly into disaster, insist they are not 'destroying' anything, and even deny the causes and origins of the destruction (inflation) !
Sadly, the Middle Classes WILL be destroyed (eventually), and our foresight (forgive my pedanticism) will be for naught. Except saving our own hides, I suppose - a not inconsequential effort.
Common sense went into hibernation with the hard dollar. With a gold standard, money and credit was limited. Excess was exposed sooner, leading to frequent recessions, on average every 10 years or so. The subsequent financial struggle or adjustment was a financial lesson that the whole family learnt - parents and children. Savings went up for the rainy day at the expense of consumption and instant gratification - as my mother used to say, “better children cry than the parents!”
However, with the abandonment of the gold or any other standard we have not only kicked the financial can down the road we have kicked common sense in the guts. The last two generations have learnt no real lessons during their lifetime but they will. Fiat money and credit has limits and 2 plus 2 does in fact equal 4.
Just hope common sense prevails before we’re all crying!!
Bill, it seems alot of words and alot of talk and alot of energy are given to the situation at hand ,here,as well as in the rest of the World. If words and talk were limited to only 10 % of time,that would leave 90% of time to focus energy on solving problems and creating solutions. Most common sense men would rather dig a ditch to move humankind forward,than sit around talking about what they should do for 8 hours.
I wonder why I did not received Bill Bonner's Diary today...I'd received it everyday between Mon. and Friday until yesterday but today, no. Please explain why it might have taken away from me? Have I clicked something wrong to stop the diary to be automatically delivered to my Google Mail Inbox? Thank you for your attention. TMZ
Theresa Tam Canada's chief public health officer now climatoligst (Chicken Little) says the sky is falling.
This is a bad dream, no wait, this is a horrific nightmare. The Feds must have ads that advertise looking for retards, salary $250,000 Cambodian paper dollars. Trudeau government announced, now selling government bonds to help the war in Ukraine.
Next week who knows ? Whats the difference between Canada's money and US money ? Price. Canada uses a polymer where the US uses Canadian lumber . Soon they'll deem it worthless and introduce LED lights on your screen. Its true, government cannot create jobs but they sure as hell can destroy them ( Covid is the smoking gun ) and all things associated. Someone wake me up.
You know, I find these things interesting, but I would prefer to hear things like why the energy trade isn't working!! I made a bunch of money in energy, but it was all before I subscribed to this service. Since then, it has been a disaster! As the middle class ends, which is sad, let's talk about the future of energy this winter!!