BP Should Deny Everything and Brace for Impact

by Bill Bonner

Sittin’ on the dock of the bay…
Watchin’ the tide roll away…

~ “(Sittin’ On) The Dock of the Bay,” Otis Reading

We’re glad we’re not sitting on the dock of the bay in Biloxi or St. Petersburg. There’s oil coming that way…and it’s not the kind you can burn in your lamp.

Free Health Care: Right or Privilege?

by Bill Bonner

The French media reports the passage of the health care reform bill as though it were the Emancipation Proclamation. Now, Americans have finally entered the modern world, they said. Now, Americans have access to health care as a matter of right.

We’re suspicious of anything the French papers think is a good idea.

Global Debt Crisis: The Killing of Paper Money

by Bill Bonner

Everyone says the euro is falling apart…that Europe itself can’t survive as a political unit.

The Greeks are rioting in the streets. They’re upset because their government is trying to cut back on ‘services.’ Actually, it’s not the services that anyone would miss. It’s the money. The rioters are mostly people who live, in one way or another, at the expense of others…thanks to the government. They work for the government…or get handouts from it.