Five Words I Never Want To Hear

Five Words I Never Want To Hear

Guest Post by Dennis Miller at Miller On The Money

I subscribe to Bonner Private Research. Bill Bonner’s article, The Burden of Memory grabbed me. I felt he was speaking directly to me:

“What should an old man do? What should he be? No longer raising children. No longer a captain of industry nor even a cog in the machine. No longer fit for battle or lead man in a rom-com (romantic comedy). What is his role?

Is it not to remember?”

Bill does a terrific job illustrating how endless wars, government mismanagement, market collapses and inflation have destroyed countries, lives, families and fortunes. He asks:

“The Duty of Memory

And now, what should an old man do? Shouldn’t he remind and warn…

…and remember…

…. Watching for sin with one eye and error with the other…shouldn’t the two eyes come together in a studied warning: ‘I wouldn’t do that if I were you?’

Yes,…we’ve seen our share of misery, crackpottery, and jackassery.

Shouldn’t we say something?“

At 83, I’m in the “old man” category. I remember WWII, Korea, Vietnam, stock market collapses, double-digit inflation, interest rates at 20%, and negative; the lowest in the history of the world. Bonner used “crackpottery and jackassery”. I fear what is going on is well planned by bad people; those in power are the enemy of the common man.

Bonner cautions:

“Of course, the young will ignore his unbidden advice. But so what? Just because his counsel is unwelcome doesn’t diminish his duty to give it out plain and simple.”

Listening to our elders

Thomas Jefferson was my age when he died on July 4th (how ironic) in 1826. He certainly spoke up. His warnings came 250 years ago, how appropriate are they today?

On the economy…

“I, however, place economy among the first and most important virtues, and public DEBT as the greatest of the dangers to be feared.”

“I sincerely believe that banking establishments are more dangerous than standing armies.”

“The issuing power (of currency) should be taken from the banks and restored to the people to whom it properly belongs.”

“Specie (gold and silver coin) is the most perfect medium because it will preserve its own level; because, having intrinsic and universal value, it can never die on our hands, and it is the surest resource of reliance in time of war.”

On the government….

“The policy of American government is to leave its citizens free, neither restraining them nor aiding them in their pursuits.”

“When once a man has cast a longing eye on offices, a rottenness begins in his conduct.”

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