None of the problems that caused the crises in Europe and America have been resolved. They have been delayed and expanded by more debt and more money printing and will lead to more and worse crises.
BILL BONNERHarness the Power of Accelerated Failure – the faster you fail, the faster you succeed.
More Bill Bonner Quotes
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There is no bad weather, just soft runners.
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Now it is done by the central bankers and Treasury Secretaries themselves. They don’t apologize for it. They don’t hang their heads and contemplate blowing their brains out. Instead, they’re proud of it… announcing that they ‘saved civilization,’ or some such claptrap.
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You can forget about recovery. There is no recovery – and there’s not going to be any recovery. Recovery is an impossibility.
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And there are cultural norms and traditional prohibitions. But eventually, the norms and traditions wear off, like painkillers. And then, the pain of raw government begins again.
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A man on his owns knows that he is best advised to leave his dumbbell neighbors alone. But let him join a political party, and he fantasizes that he has the right and the power to tell everyone on the block what to do.
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The economic freedom that made the U.S. economy the leader of the world has given way toa rigged, controlled, and regulated economy.
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If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.
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People do not get what they want or what they expect from the markets; they get what they deserve.
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I still bother with runners I call hamburgers. They’re never going to run any record times. But they can fulfill their own potential.
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People are upset. They know something is wrong. But they don’t know what. The real explanation is too complicated. They won’t sit still for it. So, they look for scapegoats – the rich…the banks…the Chinese.
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Victory is in having done your best. If you’ve done your best, you’ve won.
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If there is one thing that marks families with money in the long term it is this: delayed gratification.
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Both the liberal and the conservative are in agreement: it is all very well to let the people alone, but only if they do what you want them to do.
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Only simple ideas can be held by large groups of people. Commonly held ideas are almost always dumbed down until they are practically lies… and often dangerous ones.
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Several of my critics have said, ‘Bowerman just tacks up a piece of paper in the locker room and turns his runners loose.’ They’re partially right. I do give the athletes a relatively free rein and for good reason. One of my principles is? ‘Don’t overcoach.’
BILL BONNER