37 Comments

I had mentioned in another post that Bill Bonner throws the occasional bomb. In today's column, he throws another one. Quote: "The honest capitalist gets what he is after by satisfying the wants and desires of others. He is no saint. Given an opportunity, he will cheat. Which is why he is so ready to send campaign contributions to Ms. Warren...". So, is he honest or not? Or are you very cynical about human nature or do you have a religious element and think that all people are basically sinners? If you had read "Atlas Shrugged" by Ayn Rand (of if you did, if you had also understood it), you would have seen the sharp contrast between honest capitalists (like Hank Reardon, Dagny Taggart, and others) vs. those that court government favors because they can't compete (like James Taggart and his ilk). Two different beings. You're either honest or you're not. Not some of the time when it suits you. What you are saying goes against the basic definition of honesty. Are you saying that no Hank Reardon's exist in this world, only people that do the right thing because they can make money doing it and will cheat at the first opportunity? If so, you come from a dark place. I bought your book and when I finish reading the book I am now reading, I will read yours. But if this is your attitude towards human nature while apparently also being a defender of the free market (capitalism), it is no wonder the Progressive Socialist/Fascist Nihilists are winning. They are winning because they present their cause in terms of morality. It's the morality of altruism, which is the morality of self-sacrifice, where the individual is sacrificed for the so-called "common good". It is incompatible with Capitalism which rests on the morality of self-interest and individual rights....which also means that you respect the rights of others. Ayn Rand explained all this not only in Atlas Shrugged but in her subsequent non-fiction books analyzing many issues from a philosophical and moral perspective. Much of this was written in the 1960's and '70's. If we had heeded her writings, we wouldn't be in the predicament we are in today.

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Jun 2, 2023Liked by Joel Bowman

Don't forget every bottle of wine produced!

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Walgreens! Walgreens! Walgreens! Oh Boy!

Stocks are green, debt ceiling increase passed, Supreme Court ruled in favor of student debt relief, we are now in July, Covid made a comeback, as the world turns! Hahaha 😂

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"Long, soft, slow default" And, as Bill likes to ask, then what? Presumably the point of the default is destruction of the debt, so, finally the debt is killed, and is followed by what? A new, golden age? Of course, not. What follows is more of the same. If you always do, what you always did, you'll always get, what you always got. Might as well go down to Home Depot and walk off with cart-loads of merchandise, and then fence it all on the internet. Oh, wait! That's already happening! I'm sick of it. Best always. PM

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When asked "How did you go Bankrupt?' I believe it was Hemmingway that replied, "very slowly, then suddenly"

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"Who CAN you trust?"

That is the vital question.

What are the answers that honest people on "the other side" offer to this and the other questions that Bill presents? What are THEIR questions?

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Robert Conklin

Wow Bill. I’m a new subscriber/reader but I found the piece on Elizabeth Warren and for that matter her husband, because you refer to their joint declared net worth, a disservice to any uninformed reader. You may disagree with some of her opinions or policy recommendations, though I’m dammed sure you wouldn’t disagree with them all, but to imply that two extremely bright, hard working dedicated patriots are some how dishonest because they saved well in their retirement accounts (per Forbes & Yahoo finance), bought some real estate and wrote a few books which are of great help to “average” Americans, is a real distortion of the facts. Why don’t you write a real synopsis of her life and accomplishments which is factual and honest and I think most would be grateful and envious of her contribution to our country. Quite honestly I think you are better than that article.

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The average gain of 12% is an excellent gain in this market. However if you missed out on the Petrogras investment your return is substantially lower. What is the average return ex Petrobras?

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Time does not change, people do!

Most have become selfish. This collective selfishness has lead us here.

We should be happy, but we are not.

But, that is not true

I am truly joyful and thankful for the truth. The kind of truth that calms my soul.

The kind of truth that seems wishful to most.

I do enjoy the much better writers on BPR’s list and even some of it’s customers.

They have something unique.

Have a great day and remember to hug those you love everyday.

And remember “they are just as lost as you”.

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