These are the same numbskulls who now say they are saving capitalism from itself. Ah, there’s the rub…amid all this giddy merriment is a serious threat. The feds have bailed out the bankers, the insurers, the mortgage lenders, and half of Wall Street. But who will bail out the feds? Since 1971, the world’s money system rests on the dollar. And the dollar rests on nothing but faith, hope and the kindness of strangers…
September 29th, 2008 | Bill Bonner | 2 comments | Continued
