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YOUR BALANCE
Paraphrasing from Bill Bonner's Diary today
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Paraphrasing from Bill Bonner's Diary today


Aug 16, 2021, 2:00 PM

Bill Bonner, an investor and very much a libertarian, had this to say today as he rued the 50-year anniversary of exiting the gold standard. Thought I would put this out in the Amphitheatre as he states his case and his opinions, right or half-right, much better than most of us are able ...

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Falling in Line
Last week, we wondered how it came to be that Facebook, Google, Twitter, et al. are falling in line as censors for the feds. Here, we trace the steps…

In 1971, the U.S. cancelled the integrity of its money by breaking the link between the dollar and gold. Then, it used a new, fake currency to corrupt its most important institutions – the military, universities, the press, and business.

By the debut of the 21st century, all of them were ready to rumble. They went along with the invasion of Afghanistan… the War on Terror… the bailout of Wall Street in 2008… the stimmies… the lockdowns… Heck, even the major churches were on board.

Only one brave member of Congress – Barbara Lee of California – dared to vote against the War on Terror in September 2001. And the press tore her to bits.

Republican… Democrat… every administration has gone right along with the program.

“If I were slightly younger and not employed here,” said George W. Bush to the Afghanistan-bound troops, “I think it would be a fantastic experience to be on the front lines of helping this young democracy succeed.”

“This is not a war of choice. This is a war of necessity,” said Barack Obama to the veterans eight years later.

A trillion dollars here. A trillion dollars there. A war lost here. Another there. The rich get richer; the poor get poorer. And the claptrap keeps coming.

“It’s the Democrats’ fault…” say Republicans. “It’s Trump’s fault…” say the Democrats. “It’s Alexandria Ocasio-Cortez (AOC) and the socialists,” says Newsmax. “It’s the climate change deniers, white supremacists, and anti-vaxxers,” says The New York Times.

Over the years, readers have accused us of being all these things – both liberal and conservative, red and blue… Democrat and Republican.

We are none of them. We have no politics here at the Diary. We just don’t like anyone telling us what to do. And we notice that those who insist that we go along with their ideas are invariably morons.

But the partisan battle makes an excellent smokescreen. It conceals what is really going on – a power grab… by the small minority known here simply as the “elite.”

Some are in the private sector. Others are in the public sector. Some call themselves “conservatives.” Some say they are “liberal.”

Almost all share the same interests. Some take to them readily. Others see the benefits less clearly. Some are bullied or threatened. Almost all eventually wag their tails to get patted on the head.

Money and Power Corrupt
It is a phenomenon that deserves more study. Every society has an “elite.” Some people are natural leaders; others are naturally led. With being a leader comes power… and with power comes temptation, and inevitably, corruption.

Our hypothesis is that the rot began with the ability to “print” money, post-1971. Thereafter, wealth and power came less from supplying goods and services to others and more from working your way into the elite class… where you were among the chosen few, to whom the rewards of government spending were given.

Naturally, ambitious young people wanted to go into government rather than industry… into finance rather than chemistry… and to business school rather than into real business.

They wanted to take their places among the elite. Because that’s where the money was. And once in, they could move from law firm to bank to think tank to lobbyist.

Wall Street, the professoriat, bureaucracies… the “Deep State”… academia… the press – they represent maybe 10% of the public. But they control the money, the ideas, the news flow… and the government.

And, while they may argue bitterly about where and how the money is spent…

…there is one thing they almost all agree on – that the system must be protected, at all costs.

Why? Because people come to think what they must think when they must think it.

And when trillions of dollars are headed your way – you’re going to think it’s a pretty good idea!

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Do your own homework. Make your own educated decisions. We do not have to all be in agreement on every issue. Best to you Tigers!

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I wonder, at this point, if it would ever be possible to


Aug 16, 2021, 2:43 PM

return to a precious metal standard?

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"When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car."

"I don't suffer from insanity. I enjoy every minute of it."


I wonder at this point, if it would ever be possible for


Aug 16, 2021, 3:25 PM

TigerNet to return back to being a forum for Clemson Athletics.

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nope***


Aug 16, 2021, 3:53 PM [ in reply to I wonder, at this point, if it would ever be possible to ]



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Re: Paraphrasing from Bill Bonner's Diary today


Aug 16, 2021, 3:28 PM

I wonder if, in the heartbreaking scenes from the Kabul airport, we may not be getting a glimpse of our own future. Except, there would be no place for the plane to land.

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#### skippy. He's right on. and we blindly


Aug 16, 2021, 4:49 PM

get caught up in our sports, crappy TV, netflix, social media and "news" channels, to be placated. Rome we have become.

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Bread And Circuses ....


Aug 16, 2021, 5:01 PM

is what we like...just like the Romans .

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The Soviets, before the fall, ran out of many products but


Aug 17, 2021, 10:46 AM

they made sure their was always ample cheap vodka! Keep the masses medicated or impaired.

2024 purple level memberbadge-donor-10yr.jpg flag link military_tech thumb_downthumb_up

"When I die, I want to go peacefully like my Grandfather did, in his sleep -- not screaming, like the passengers in his car."

"I don't suffer from insanity. I enjoy every minute of it."


Re: Paraphrasing from Bill Bonner's Diary today


Aug 17, 2021, 11:59 AM

I clicked on this thinking it was sports-related. But, I continued to read and agree with Bonner. My parents taught me to think and reason for myself and never get caught up in political parties. Dad always said, "God gave you your mind and expects you to use it."

Thanks for not posting this on the football board.

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"It is not part of a true culture to tame tigers any more than it is to make sheep ferocious."
--Henry David Thoreau


Fantastic post... I'd argue it started in 1913 w/ the FED...***


Aug 18, 2021, 3:04 AM



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