“How could it be that the economy which is leading the world, that was on top of the world in 1950, that after half a century of more patents, more professors, more scientists, more engineers, more everything that you could possibly imagine, including the internet to make all of this stuff available for free to all these bright people all over the country… how come that economy actually goes nowhere? It’s almost impossible…”
How indeed.
Bill Bonner, the founder of our organisation was recently in the office, and although he didn’t have much time, he had plenty to say.
To his eyes, the ever stranger state of the world all stems from one problem: fiat currency, the “funny money”. And sooner or later, the price to be paid for it is gonna come due…
Whether you’re a reader of Bill Bonner’s Diary or not, I hope you enjoy this one over the weekend.
Until next week,
Boaz Shoshan
Editor, Capital & Conflict
Category: Market updates