Bill Bonner: My Very Own Argentine Welfare Program

Bill-Bonner2

“Where does real wealth come from?  We will answer the question ourselves: Not from the Fed. Not from the government. Not from stimulus programs. Not from the Democrats. Or the Republicans. Or the Tea Party. Not from Obama. Not from a bipartisan agreement to extend spending and pretend that the feds can pay their bills. Nope. No gimmicks. No magic. No claptrap formulas. Wealth comes from work, savings and innovation. Typically, somebody works long hours, saves money and starts a business that produces something people want.  But now, in the mountains of Argentina… as on the fruited plains of the United States of America… the wealth machine has begun to sputter and choke.”

http://www.bonnerandpartners.com/my-very-own-argentine-welfare-program/

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