Lies, Lies, Lies: The New Foundation of the Financial System

Tuesday, December 14, 2010
By Paul Martin

by Bill Bonner
LewRockwell.com

Lies, lies, lies…

The days are dwindling down fast now. There are only a precious few left in 2010. The Dow rose 40 points on Friday. Gold fell off $7.

But let’s forget the market action for a little while…most of it is noise anyway.

It is time to relax a little. Time to think.

“Everybody is so busy now,” said a colleague in Australia. “No one has time to think. Instead, we’re busy answering our email or checking our Blackberries. It’s amazing. You get in an elevator and everyone pulls out a phone. No one talks anymore. Or looks at anyone. Or has a thought.

“I don’t even think we writers bother to think anymore. We’re too busy. We have to produce too much material. We don’t really have anything to say…but we say a lot.”

Of course, that’s been true at The Daily Reckoning for years. We were always ahead of the trend. We write every day, whether we have something to say or not.

The Rest…HERE

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