Blinded by the Divine Light of ‘Capitalism’- by Bill Bonner
The other day, the Dow rose 145 points. The believers bought stock. What were they thinking? Our guess is that they are not thinking at all...but reacting to such a long, long run of good news; they can no longer imagine that anything bad could ever happen.
This new Theology of Capitalism is based on blind faith...in the dollar...in modern economies...and in the central bankers who manipulate them both.
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