Bill Bonner Wednesday

 

Gualfin (“End of the Road”), Argentina

Dear Diary,

US stocks are still near their all-time highs.

Gold is still clinging to the $1,200-an-ounce mark.

So, let’s return to the examination of why the 21st century has been such a dud so far.

Here’s a simple answer: There are too many zombies.

$75,000 a Year from Uncle Sam

 First, a reader explains how to become a zombie:

Follow these easy, proven 13 steps to financial well-being…

1. Don’t get married to her
2. Use your mom’s address to get mail sent to
3. Guy buys a house
4. Guy rents out house to his girlfriend who has two of his kids
5. Section 8 will pay $900 a month for a three-bedroom home
6. Girlfriend signs up for Obamacare so guy doesn’t have to pay out the butt for family insurance
7. Girlfriend gets to go to college free for being a single mother
8. Girlfriend gets $600 a month for food stamps
9. Girlfriend gets free cellphone
10. Girlfriend gets free utilities
11. Guy moves into home but uses mom’s house to get mail sent to
12. Girlfriend claims one kid and guy claims one kid on taxes… now you both get to claim head of household at $1,800 credit
13. Girlfriend gets disability for being “bipolar” or having a “bad back” at $1,800 a month and never has to work again

This plan is perfectly legal and is being executed now by millions of people.

A married couple with a stay-at-home mom yields $0.00 dollars.

An unmarried couple with stay-at-home mom nets:

$21,600 disability +
$10,800 free housing +
$6,000 free Obamacare +
$6,000 free food +
$4,800 free utilities +
$6,000 Pell grant money to spend +
$12,000 a year in college tuition free from Pell grant +
$8,800 tax benefit for being a single mother

= $75,000 a year in benefits

We haven’t verified the details above… But if they’re correct… $75,000 a year is not chicken feed.

Zombies in Suits

But the big money is still not in food stamps and disability.

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