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

Tuesday, December 14, 2010
By Paul Martin

by Bill Bonner

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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