Can it really be this simple?

. . . what’s going on in the USA? Alas, the US economy is in the hands of … the people who caused the mess … who did not see it coming … and who have not had a clue what to do about it. They’re still running US economic policy. These illustrious incompetents — such as Larry Summers of Obama’s National Economic Council and Tim Geithner, his Treasury Secretary — have proven that they wouldn’t know a Great Correction if it bit them on the behind …

So, they just keep adding more debt, more spending, more management, more ‘reform’ measures, and more centralization.

Ultimately, the elite managers of Europe and America all went to the same schools (Harvard, Yale, MIT …) … all read the same newspapers and magazines (The Financial Times and The Economist) … all worship the same gods (money and power) … all speak the same language (mid-Atlantic English) … and all want to control the world.

So far, they seem to be making great progress towards their objectives. They stuff the world with debt. It blows up. Then, they push out democratically-elected leaders … gain new power and authority … and take charge of the rescue.

— Bill Bonner, “Goldman to the Rescue!”, The Daily Reckoning, November 15, 2011