Incompetent Leaders Keep America on the Decline, by Bill Bonner

Terminal empires are not generally know for the quality of their emperors. From Bill Bonner at rogueeconomics.com:

Is freedom anything else than the right to live as we wish? Nothing else.

– Epictetus, the Greek philosopher

WEST RIVER, MARYLAND – Does a wolf know he’s a carnivore? Does a brown bear know when it is time to thicken his fur for winter?

And did George W. Bush know he was making the biggest foreign policy blunder in U.S. history when he launched the “War on Terror”? Did he know he was preparing the nation for “domestic terrorism”?

As we put it earlier this week, fish gotta swim and birds gotta fly. And late, degenerate emperors gotta be incompetent morons.

No-Win Situation

And here, we put today’s events in a simple, tight frame.

Bush, Obama, Trump, and Biden are like the last leaders of the Roman Empire… Anthemius, Glycerius, Olybrius, and Nepos… no-accounts and imbeciles… playing their roles without really understanding what was going on.

All faced a no-win situation. In 5th century Rome, tax revenues were falling while costs rose; the empire was failing. And now, so is America’s empire of fake money and unpayable debt.

At this stage in the degenerates’ progress, the U.S. elite have no choice. They must further foul the economy with more fake money… and suppress dissent.

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