Posts Tagged ‘fake’

“If you want a real financial catastrophe – France 1790-1797, Weimar Germany, Argentina, Brazil, Zimbabwe – you need fake money.

Teenage boys should never be given a fifth of whisky and the keys to the family car. Adults should never be authorized to counterfeit money.” -Bill Bonner

Unlimited

Posted: October 29, 2018 in Thought for the Day
Tags: , , , , ,

“Fake money may be unlimited. Technology may be unlimited. Information may be unlimited. But time is not.” -Bill Bonner

“It’s EZ credit that is the linchpin in today’s fake-money system.

The Deep State’s stocks, bonds, and real estate values… not to mention its careers, incomes, and reputations… depend on it.

And it is made possible by the China trade… by Chinese workers who put in long hours in miserable conditions in order to stock the shelves of Walmart with cheap goods… by Chinese manufacturers who undersell their competitors to keep consumer price inflation in the U.S. at low levels… and by Bank of China, which holds some $1.25 trillion worth of U.S. bonds… thus propping up the whole wobbly capital structure….

In politics and economics, BS is all there is. The calculations are almost always fake; the statistics are quackery; the theories are devilish nonsense. And bad ideas never entirely disappear, they just re-emerge after a few years… often dressed in new duds.”

-Bill Bonner

“You can’t fake an economic recovery….  Instead of ‘stimulating’ a recovery, the feds have ‘simulated’ one.  They dropped the price of capital to near zero.  Commodity producers took the bait.  They borrowed money and increased production….  You can’t get real demand from empty credit.  Real demand comes from Main Street, not Wall Street.” -Bill Bonner