Bill Bonner Letter April 2016 Say’s law tells us that money doesn’t really matter. “You buy products with products” is the vernacular expression. If you want to buy something, you have to produce something that you can trade for it. The “money” just greases the transaction. If you “in ate” the currency, you are asking
–Ludwig von Mises For the naive mind there is something miraculous in the issuance of fiat money. A magic word spoken by the government creates out of nothing a thing which can be exchanged against any merchandise a man would like to get. How pale is the art of sorcerers, witches, and conjurors when compared
– Senior Fed official Devaluing a currency is like peeing in bed. It feels good at first, but pretty soon, it becomes a real mess.”
– Mayer Amschel Rothschild Give me control of a nation’s money and I care not who makes its laws.”
The Old Testament tells us that God chased Adam and Eve from the Garden of Eden with this curse: “By the sweat of your brow, you will earn your food until you return to the ground.” From then on, you worked… you earned money… you could buy bread. Or lend it out. Or invest it.
– Bill Bonner There are sidewalk astrologers and mall palm readers with a better record of market forecasting than the Fed.”