by Bill Bonner
Daily Reckoning
GUALFIN, Argentina – Here at the ranch, the skies have darkened, and the temperature has dropped sharply.
It’s that time of year. The first frost can’t be long coming.
At least we have time to think…
For instance, in the upcoming issue of our monthly publication, The Bill Bonner Letter, we try to figure out how the credit-money system really works.
After years of observation, heavy drinking, and meditation, we think we finally understand, more or less, what is going on.