Bill Bonner: Papal Fallibility

Bill-Bonner2

“Almost nobody approves of capitalism these days, least of all the SOB cronies on Wall Street who call themselves capitalists.  The big banks hate capitalism, too. What they like is crony capitalism. At least, they like it when their own cronies are in the Department of the Treasury and the Fed.  The rest of the heaving masses hate capitalism, too, but for other reasons. They are envious of those who have more than they have… and eager to redistribute other people’s money – to themselves, of course.  So, almost no matter in which direction the pope heaves his message – to the modest nests of the have-nots or the sumptuous pads of the haves – he is bound to hit a supporter.”

http://www.bonnerandpartners.com/papal-fallibility/

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