Leeloo

Want a Way Out of the Economic Stupidity? Buy Gold

Forget gold...invest in Rocket Company stock - it's bound to go up!

Adam, it's not just "folks outside our borders are beginning to think we are stupid." There are plenty of us inside the borders who are reaching the same conclusions as well.

I cannot believe that our leadership is doing the things they are doing these days. Have they no brains? Perhaps we all share the blame for electing them. As Bill Bonner so often reminds us, we don't always get what we want, but we almost always get what we deserve.

Also, maybe the delay from the Treasury stems from Timmy's time commitment to filing his amended tax returns, rather than the lack of available talent.

GM: The Neverending Bailout

Interesting history lesson, but your example of corporate misbehavior is about sixty years old. I doubt that any of those responsible for that episode are still running the show at the companies you mentioned.

What about the more recent examples of outright fraud, incompetence and greed among the investment banks and Wall Street that built the derivatives time bomb that is now destroying the financial systems of the global economy, and thus the broader economies of the world? This is much more relevant to the problems of the here and now. And the guilty here are largely still in power and being handsomely rewarded.

I hold greater contempt for the latter bunch of criminals than I do for some long-gone corporate leaders of a bygone era. Still, I would string the whole lot of them up with piano wire just the same, but that's just my way of responding to the crooks.