“The promise of American capitalism is that it makes people richer, freer and more independent. But since the introduction of Fed, the currency in which Americans keep score has so addled the figures, we scarcely know if we are winning or losing. The dollar we knew as a child - in the 1950's - is only worth a tenth as much today.” PeopleIfsKnowsChildrenTodayWinningFiguresPromiseLosingCapitalismIndependentDollarsScoreFedsCurrencyIntroductionWin Or LoseAmerican Capitalism Author:Bill Bonner
“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.” PeopleIfsWantWellsConservativeWhat You WantAgreement Author:Bill Bonner
“Norman Rockwell spent his career painting pictures that helped people understand their own feelings...pictures that enriched their own experiences and celebrated their own lives. But the art establishment branded him an 'illustrator', a sentimental one at that. Real artists, they said were doing art for art's sake, not for the sake of the bourgeois public. Real artists were putting swiggles, smears or daubs of paint on the canvas. They were doing 'innovative' and 'creative' work. If they were hideous and grotesque; we know that's what life really is!” PeopleIfsKnowsArtSaidRealFeelingsArtistCareersCreativePaintingPaintSakeEstablishmentCanvasThey SaidSentimentalInnovativeBourgeoisHideousGrotesqueCreative WorkBrandedIllustratorsReal ArtistsPainting A Picture Author:Bill Bonner
“If there is one thing that marks families with money in the long term it is this: delayed gratification.” IfsLongTermOne ThingMarkLong TermGratificationDelayedDelayed Gratification Book:Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years Source: Family Fortunes: How to Build Family Wealth and Hold on to It for 100 Years
“Neither limits nor adversity are what ruin men. Under pressure, they handle themselves pretty well. It’s the lack of limits they can’t handle. That’s when they run amok. So, if you really want to see what a man is made of let him think he can get away with something.” IfsThinkingMenWantWellsMadeRunningLimitsPressureAdversityHandleRuinsGet AwayUnder Pressure Author:Bill Bonner
“If you look carefully, almost all Old Money secrets can be traced to a single source: a longer-term outlook.” IfsLooksTermSecretSourceOutlookOld Money Author:Bill Bonner
“The entire world economy rests on the consumer; if he ever stops spending money he doesn't have on things he doesn't need -- we're done for.” IfsWorldNeedsDoneEconomyCivilizationSpendingConsumersSpending MoneyWorld Economy Author:Bill Bonner
