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For members of the Club, life is a continuous success story. It doesn’t matter whether your products are terrible (GM) or even imaginary (Goldman Sachs). All that matters is the continuing flow of freshly printed money into your business. It’s like being a medieval noble; you can do no wrong. The courts will always find in your favor, you are never subject to the humiliations of peasants (airport security, police raids, etc.) All that you need is a little modification of language: "counterfeiting" becomes "quantitative easing", "theft" becomes "stimulus", and so on. After enough repetition, the peasants will believe that your wealth causes the Sun to rise in the morning, and that they must thank you for allowing them to pay for your palaces and the subsidies for your unprofitable businesses.
................... Bill Walker
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