Bill Bonner: The Coming Bull Market in Gold Stocks Is Going to Be BIG

Bill-Bonner2

“Most empires were financed on the loot captured from their conquered opponents. But the US Empire depends not on generals, but on bankers. Bernanke – the ‘Hero of ’08’ – kept the credit flowing at a crucial moment…  He kept the empire on schedule… and on target… for its rendezvous with disaster.  [..]  Debt has its lifecycle.So do empires. Both expand. Then both… without exception… contract.  An empire funded by debt is an especially ungainly, grotesque thing. It lurches from one disaster to another – going deeper and deeper into debt each time.  But it is not the debt that kills empires. Debt is just a razor conveniently left on the side of the tub.”

http://www.bonnerandpartners.com/the-coming-bull-market-in-gold-stocks-is-going-to-be-big/

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