Some things just can’t be bought, like class and taste. From Bill Bonner at bonnerandpartners.com:
BALTIMORE – Yesterday, we saw the soul of America.
We drove by a house so imposing… so monstrously ugly… so laughably pretentious that we almost drove off the road staring at it.
On a suburban lot, it was as though it had fallen off the delivery truck and rolled into place, with no thought as to its surroundings.
It was a fake mansion!
Yes, dear reader, it is all fake – our money, our economy, our markets, our government… even our mansions.
On Tuesday, we made another 10% gain on our bitcoin “investment”… at a rate of about $4,000 per hour.
That’s more money in one day than we made during our first 10 years of work – combined.
Our coins, formerly worth nothing, are now worth more and more.
At this rate – a 10% rise versus the dollar each day – if you make a $10,000 investment, before Christmas, you will have $100,000 or more. Or less.
Possibly much less…
We toiled not, neither did we spin. We invented not. We earned not. Not a single morning did we get up at the crack of dawn to earn that money… nor a single night did we stay up late studying to make it happen.
Instead, it was as though we had walked through a casino and randomly yanked on one of the one-armed bandits. Ka-ching!
Nor did we learn anything… except that it’s a mad, mad, mad, mad, mad world – which we already knew! And if Civilization author Clive Bell is right, this is the best kind of money. We didn’t distract ourselves from “thinking and feeling.” We have no coal dust under our fingernails… and no hands calloused by years of hard work.
To continue reading: Why Are the Homes of the Elite So Ugly?