Bill Bonner’s World Ended

The Day the World Ended   Maria Bonaventura Jan. 26, 2020   On September 17, 2019, the money world as we know it came to an end… Our editor breaks down the intricacies in Wednesday’s Diary, “There’s More Than One Way to Go Broke.” And he turns to the past – specifically, the inflation-ridden 1970s – to give us a glimpse of what’s to come… Our Rude Return to America After spending time in Europe, Bill reflects on his harsh re-entry to American life. As he points out, America had two choices at the end of the 20th century: politics or markets. She chose politics, and now we’re paying the price… The Greatest Financial Train Wreck the World Has Ever Seen Donald J. Trump paraded around the Davos summit, claiming a “spectacular” American economy… but your editor knows better. Two mistakes – turning away from the gold standard in 1971 and instituting “repo madness” in 2019 – were lauded as necessary… but weren’t the “right thing” to do… There’s More Than One Way to Go Broke Bill calls September 17, 2019 “the day the world ended.” And on Wednesday, he explains why. Thanks to the Fed, a spike in the repo market forever changed the landscape of America’s economy. The world will go on, of course, but it will never be the same… How America Gave in to Its Two...

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