The West Started It

Which takes us back to where we began today…

Busts, Bubbles, and Blowups

Our comments on massacres in Monday’s Diary were little appreciated by readers.

One reader, a Vietnam vet, said we shouldn’t bring up the My Lai Massacre – in which U.S. soldiers killed 350 Vietnamese people during the Vietnam War – in the context of the recent Paris attacks.

And some of our Roman Catholic readers would have preferred that we forgot the St. Bartholomew’s Day Massacre, in which Catholic mobs killed thousands of French Protestants.

We also brought up two World War II massacres by German and Soviet troops. But Nazis and Communists – if there are any among our dear readers – held their peace.

Our critics may be right: Maybe comparisons really are odious. But our point was just that the perps of the Paris massacre shouldn’t feel so special: No one has a monopoly on butchery. When the conditions are right, any group could go at it.

So, why sow the wind? Why would either Paris or Washington enter an unwinnable, unfathomable war… sure to be punctuated by episodes of mass murder?

And why would their central banks and central governments push financial policies that cause booms, busts, bubbles, and blowups, benefiting the few rather than the many?

This is one of the questions we take up in the upcoming issue of our monthly publication,The Bill Bonner Letter.

You have to pay (modestly) to get the letter. But we will give you our conclusion here for free: Welcome to the “Deep State.”

Favored insiders – on both sides of the Atlantic – benefit, even at great cost to the rest of us.

Reprinted with permission from Bonner & Partners. 

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