Autor: João

Debt Downfall

Debt Debacle Will Be Our Downfall   Emma Walsh Oct. 11, 2020   The coronavirus and the presidential election have dominated the headlines in recent times. But no one is talking about the biggest problem facing the nation right now… We are staggering under an ever-increasing burden of debt. Much of it can never be repaid. But rather than address the problem, the feds are intent on making it worse… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   A Head-On Collision The Baby Boomer elite has promised itself health and pension benefits worth over $200 trillion. Politically, they must be paid… But this year, taxes only brought the U.S. government half the money it needed. So how will it fund these “unfunded liabilities”? The Feds Dominate Your Life The coronavirus was advertised as an existential threat. But for most people, the virus is not much of a threat at all. President Trump’s advice: Don’t let it dominate your life. Our editor argues the same might be said of the feds, whose policies are far more life-threatening than any virus. The Helicopters Are Standing By After abruptly calling off negotiations on another COVID bailout, Donald Trump did a swift about-face. He’s now promising more $1,200 checks. The helicopters are standing by. But where will the money to pay for this latest bailout come from? The Coming Doomsday Debt Debacle...

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Tottering Towers

Elites Desperate to Hang On to Power   Emma Walsh Oct. 4, 2020   America’s elites have built their power and status… and their wealth… over decades. They launched wars against drugs, poverty, terrorism, a virus… and especially, against honest money. Meanwhile, as the elites have thrived from all of these boondoggles, the rest of society has paid the price. Now, with industries and jobs decimated as a result of the coronavirus lockdowns and restrictions, many Americans have been left behind, some permanently. And, desperate to hang on to what they’ve got, the elites will do whatever it takes to keep the jig up. Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary   Dumb Enough to Be President In the boom years, people spent money they didn’t have buying things they didn’t need. And now, one presidential wannabe is proposing that we make it a matter of government policy. But what will happen when the feds stop giving people money? Trump’s Tottering Towers Donald Trump’s real estate empire was built on a foundation of debt. When the Federal Reserve lowered interest rates, his debt service costs shrank accordingly. But even with near-zero borrowing costs, he is still not making enough money to pay much in federal income tax… Boomer Elite Faces Day of Reckoning It won’t make any difference who says what in the presidential debates or who wins...

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Hellfire

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

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

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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