The Olympic Torch Passes by Markets and Money Offices

The Olympic torch went through Buenos Aires on Friday. People began assembling on the sidewalk about 3PM…small groups at first. Then the crowds grew. By 3:30 the crowds and the traffic were so thick we wondered how the torch would get through.

And then the police showed up – dozens of motorcycles and squad cars…then, whole phalanxes…each one driving the crowds back further…and directing the cars onto side streets. It seemed disorganized. Kids played in the streets. Police didn’t seem to know which direction to push back the crowds.

About 5 minutes later, we heard the honking of horns…and went back out on the balcony. The parade took place on the Ave. 9 de Julio – the widest street in the world, which happens to be right outside our South American office. From down the street came a group of runners dressed in red…flanked by what appeared to be volunteers of all sorts, running along with them. Then came buses – many of them flying Chinese flags…and a few Chinese on bicycles… And an open bus full of people with cameras. And then, finally, came a group of runners with a young girl in the middle of them; she was carrying the Olympic torch. The crowd cheered. More red flags. And then more buses, more runners, more police motorcycles, and more Chinese people.

Then, gradually, the crowds dispersed like a bad smell. And then it started raining.

Bill Bonner
Markets and Money

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.
Bill Bonner

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