Okay! We’ll say what we’ve been thinking…Bill Bonner thinks the party is over.…that our children are going to spit on our graves!
First, Americans made a colossal mistake in the ’90s and the ’00s. They partied…they spent…they borrowed…running up huge debts in the private sector. Most kids could forget about inheriting anything from their parents; the geezers spent it years ago.
The boomer generation also made a mess of the biggest success story in world history – the United States of America. In the ’60s and ’70s – when boomers matured and began to take over – the US was still on top of the world. It had a positive trade balance…huge savings…massive investments abroad…and the strongest companies in the world.
They ruined it.
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