The Middle Class Delenda Est. Part IV, by Bill Bonner

Middle class common sense is vastly preferable to upper class “brilliance.” From Bill Bonner at bonnerprivateresearch.com:

(Source: Getty Images)

Bill Bonner, reckoning today from Baltimore, Maryland…

“Look both ways before crossing the street.”

The common man lives with ghosts. They are the ghosts of parents whose children didn’t look both ways.

They whisper the lessons of the dead:

Don’t spend more than you earn.

Say please and thank you.

Mind your own business.

Never eat yellow snow.

The difference between the common man and the elite is that the former believes in following rules; the latter believes it can make them up as it goes along.

We have been exploring a grim subject – the destruction of the middle class. So far, we’ve seen that the elites use inflation like a thief uses a crowbar – to get what belongs to someone else.

It’s not exactly ‘intentional.’ A wolf does not eat a lamb with malice aforethought; that’s just the way it works. Inflation wrecks the economy and ‘The People’ who depend on it. So much the better, say the elites; they prefer the poor, who are more easily manipulated…and their votes more cheaply bought.

But there’s more to it than just money. The ruling class has ideas… programs… campaigns. ‘Middle class values’ often get in the way.

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