In his monthly column for June,Â and the above CNBC interview, Bill Gross strongly implies the inflation numbers released by the US government are unrealistically low (and deliberately so, no doubt), while the higher numbers reported by other countries are more reliable, and that the US in general is fooling itself.
Alternative energy discussion takes a bleacherâ€™s seat to the latest foibles of Lindsay Lohan or Britney Spears and then we wonder why gas is four bucks a gallon. We care as much as we always have â€“ we just care about the wrong things: entertainment, as opposed to informed choices; trivia vs. hardcore ideological debate.
Itâ€™s Sunday afternoon at the Coliseum folks, and all good fun, but the hordes are crossing the Alps and headed for modern day Rome â€“ better educated, harder working, and willing to sacrifice today for a better tomorrow. Can it be any wonder that an estimated 1% of Americaâ€™s wealth migrates into foreign hands every year? We, as a people, are overweight, poorly educated, overindulged, and imbued with such a sense of self importance on a geopolitical scale, that our allies are dropping like flies. “Yes we can?” Well, if so, then the “we” is the critical element, not the leader that will be chosen in November. Letâ€™s get off the couch and shape up â€“ physically, intellectually, and institutionally â€“ and begin to make some informed choices about our future. Lincoln didnâ€™t say it, but might have agreed, that the worst part about being fooled is fooling yourself, and as a nation, weâ€™ve been doing a pretty good job of that for a long time now.
He advises investing in BRIC (Brazil, Russia, India, China) and foreign currencies. (Gross is Managing Director of PIMCO, they manage $800bn is assets.)
Steppenwolf said much the same thing it in the 60s in “Monster”.
Cause the people grew fat and got lazy
And now their vote is a meaningless joke
They babble about law and order
But it’s all just an echo of what they’ve been told
Yeah, there’s a monster on the loose
It’s got our heads into a noose
And it just sits there watchin’