Autor: João

Hellfire

Por | 27 set, 2020 | , , |

Hell on Wheels   Emma Walsh Set. 27, 2020   The feds squandered every opportunity over the last decade to fix America’s finances. And now, with new leaks spouting everywhere, they’re plugging the holes with a deluge of fake, printing-press money. But the more money they print, the more everyone wants. No one cares what the consequences will be in the future. But when the future shows up, it will be Hell on wheels… raining hellfire on everything in its path. Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   When to Fix the Roof During the last decade, the feds had plenty of opportunities to fix the country’s finances. But instead of running a surplus in the fat years to allow them to run a deficit in the lean years, the feds cut taxes and interest rates, punching more holes in the already leaking roof. The Feds’ Next Scam: Digital Money Current levels of debt are only sustainable as long as the U.S. dollar floats. When it sinks, the whole ship will go down with it. But rather than right the ship by balancing the budget, cutting the deficit, or reducing the Federal Reserve’s balance sheet, the feds have a different plan… Poisoning the U.S. Dollar The U.S. dollar is fading. And fake money is the poison that will eventually put the dollar in its grave, writes our...

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Losing

Por | 20 set, 2020 | , , |

The Final Act in the Fed’s Farce Is About to Begin   Emma Walsh Sep. 20, 2020 100,000 American businesses have closed permanently over the last six months. Up to 30 million Americans are collecting unemployment compensation. In an attempt to coax the economy back to life, the feds are dropping new “fake” money from their helicopters at a rate never seen before. The U.S. dollar has lost ground… and will lose a lot more. And it looks like our editor is the only one asking where it will all end… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   A Shot in the Arm Lockdowns continue in various forms. But global data is showing that if the feds had done nothing at all, the results might be about the same. Meanwhile, efforts to develop a COVID-19 vaccine continue apace. But is a vaccine really the answer? Millions Will Be Left Behind in the New Economy While those in the “knowledge” economy get on with working from home, the lockdowns have shuttered many businesses in the service sector… some permanently. Millions of workers are being left behind in the “new” economy. The World Left Behind Are we entering “perpetual recession”? Our editor thinks it’s highly likely. People, jobs, businesses, and old-school values are being left behind. But most importantly, so is the buying power of the U.S. dollar. What’s...

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BI – Before Internet

Por | 13 set, 2020 | |

A Lament for Times Past   Emma Walsh Set. 13, 2020   This week, as the season changes, and our editor celebrates another birthday, his thoughts turn to times past. Simpler times. Better times. The “old normal,” before the internet… COVID… Trump… the fake dollar, the fake boom, and the fake recovery… What was it about life last century that made it better? And what has changed so irrevocably that has left our country so damaged and divided? These are the questions that occupied our editor’s thoughts this week… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   Wines From the Edge of the World Bill is still in lockdown at his ranch in Argentina. But thankfully, he has a good supply of his own Malbec wine to get him through it all. Today, we hear from Bill’s eldest son, Will, about how they accidentally became winemakers when they bought the ranch in Gualfin. When Summer’s Gone… Summer, it seems, has slipped away… In a reflective mood, our editor looks back over seasons past to a time before COVID, before Trump, before the War on Terror and the War on Drugs… and before the fake dollar, the fake boom, the fake “conservatives,” and the fake recovery. How the World Got So Screwed Up 30 million Americans are on “unemployment.” 32 million adult Americans are living with their parents or...

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The Counterfeit Economy

Por | 6 set, 2020 | , , |

In the Firing Line   Emma Walsh Aug. 6, 2020   This week, Bill took aim at both the Democrat and Republican parties, taking care to offend both equally. But while his critique of the Democrats on Monday drew barely a warning shot from dear readers… his GOP. R.I.P. essay on Tuesday drew a barrage of explosive projectiles from readers eager to defend their party and their leader. Meanwhile, hopes of a V-shaped – or even a U-shaped – recovery are fading fast… It’s now looking more like an L… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   Russians Won’t Interfere in U.S. Elections At the Democrats’ National Convention, they had a solution for every problem… even those that don’t exist, including overseas meddling in the upcoming election. And their one-size-fits-all solution to every problem is simple: more government. GOP. R.I.P The GOP has abandoned the ideas and principles that once distinguished it from the Democrats. It has now become the Party of Trump, where lies, gripes, threats, fear mongering, heady promises, and of course, money-printing, are the order of the day. A Moratorium on the Inevitable Republicans and Democrats alike think they can print their way out of the “catastrophe cycle” we find ourselves in. But our editor reckons no amount of money-printing will help us sidestep the day of reckoning that looms large up ahead. An...

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No Way Out

Por | 30 ago, 2020 | , , |

Economic Demise of One   Emma Walsh Aug. 30, 2020   Still locked down in Argentina, with no sign of imminent escape, Bill is throwing himself into ranch life… and learning as much as he can from the situation he finds himself in. Some lessons are learned the hard way… like how to stop a cow from bloating (and dying). Others, like how to destroy an economy with government policy, are more evident. As it turns out, Argentina is the ideal case study. But it’s not looking likely the feds back home will pay much attention in this class… They’re too busy cranking up their printing presses in the run up to the election… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   No Way Out of the Calchaquí A week ago, it looked like your editor’s pleasant confinement in Argentina was coming to an end. But with cases in the region’s capital, Salta City, on the rise, the province finds itself back in lockdown… How to Keep a Cow From Bloating In response to a good-natured ribbing from a dear reader, who called Bill a “drugstore cowboy,” our editor admits that when it comes to ranching, how to keep a cow from bloating is the least of what he doesn’t know. Argentine Paradox: What Can We Learn? Today, our editor turns his eyes away from the looming disaster...

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