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 BONNERIf there is one thing that marks families with money in the long term it is this: delayed gratification.
More Bill Bonner Quotes
-
-
You don’t get what you want from investing, you get what you deserve.
BILL BONNER -
There’s no such thing as bad weather, just soft people.
BILL BONNER -
If you have a body, you are an athlete!
BILL BONNER -
Harness the Power of Accelerated Failure – the faster you fail, the faster you succeed.
BILL BONNER -
If there is one thing that marks families with money in the long term it is this: delayed gratification.
BILL BONNER -
That is the problem with age and wisdom—it merely shows you how helpless you are. The wiser you become, the more you learn to keep your mouth shut, until eventually the grave silences you forever.
BILL BONNER -
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.
BILL BONNER -
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.
BILL BONNER -
God determines how fast you’re going to run; I can help only with the mechanics.
BILL BONNER -
The world, then, no longer resembles the one that gave rise to the original insight. Soon, a person’s situation is so at odds with the world as it really is that a crisis develops, and he or she must seek a new metaphor for explanation and guidance.
BILL BONNER -
Don’t give anything away. Never make it easy for the guys you are trying to beat.
BILL BONNER -
So it’s a matter of fitting your current practices to fit the event and the individual. See, what’s good for you might not be worth a darn for the next guy.
BILL BONNER -
You can forget about recovery. There is no recovery – and there’s not going to be any recovery. Recovery is an impossibility.
BILL BONNER -
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.
BILL BONNER -
The US is headed for ruin and revolution. The revolution will almost certainly be put down, violently. But the ruin cannot be stopped.
BILL BONNER