Bill Bonner isn't well-known to those who follow the mainstream media exclusively. This guy, an outstanding writer and a great mind, should be heard more.
William Bonner perfectly described the economy of the past 15 months before it happened. Obama should listen to Bonner instead of his own clueless economic team.
At the most abstract level we can conclude that World cyclically moves from less of centralization of power to more of it, and backwards. So Xiaoping, Reagan, Thatcher, Gorbachev embody such a cycle with their drive for privatization and relinquishing controls, now however it looks like EU, Putin and Obama / Clinton will take all back.
There is nothing wrong with free market capitalism. The problem is with the monopolistic fraud of government/banking industry. Banks create the credit, they collect interest on it and are bailed out by government(ie: YOUR money) when things go bad. In the meantime the major stockholders of the big banks enjoy a huge advantage in the marketplace on the interest on created money. For more info youtube Edward Griffin
Merry Christmas Bill, I'm looking forward to viewing the IOUSA film when I get the chance. I accidentally stumbled across both 'The Daily Reckoning' and Ron Paul about 6 months ago and I wanted to thank you both for helping to open my eyes.
How's that for a prediction.
'Enjoy your holidays' seemed a little out of place at the end there.
sreymind 1 month ago
man, this was taped 2007 ! looking back he has been very correct
j2hsieh 2 years ago
Bill Bonner isn't well-known to those who follow the mainstream media exclusively. This guy, an outstanding writer and a great mind, should be heard more.
jrbleau 2 years ago
That's so true. People remind me of mushrooms. They like to be kept in the dark and feed on bullshit.
Finnbar01 2 years ago
William Bonner perfectly described the economy of the past 15 months before it happened. Obama should listen to Bonner instead of his own clueless economic team.
PetTheHorses 2 years ago
Gold has taken a beating. If after we are about to hit a 10 trillion dollar govt debt.
I do believe it will come back with a vengence.
truthsabre7 3 years ago
At the most abstract level we can conclude that World cyclically moves from less of centralization of power to more of it, and backwards. So Xiaoping, Reagan, Thatcher, Gorbachev embody such a cycle with their drive for privatization and relinquishing controls, now however it looks like EU, Putin and Obama / Clinton will take all back.
HawaiianFarmer 3 years ago
There is nothing wrong with free market capitalism. The problem is with the monopolistic fraud of government/banking industry. Banks create the credit, they collect interest on it and are bailed out by government(ie: YOUR money) when things go bad. In the meantime the major stockholders of the big banks enjoy a huge advantage in the marketplace on the interest on created money. For more info youtube Edward Griffin
Strav777 4 years ago
audio is poor to bad I can barely hear the man speak. His message is strong but boring.
63Stephen 4 years ago
This is well verbalized and should be understoodby the mass in time.
edmo945 4 years ago
Merry Christmas Bill, I'm looking forward to viewing the IOUSA film when I get the chance. I accidentally stumbled across both 'The Daily Reckoning' and Ron Paul about 6 months ago and I wanted to thank you both for helping to open my eyes.
7532730 4 years ago