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…


image 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…

image 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…

image 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…

image How America Gave in to Its Two Deadliest Temptations
On Thursday, we shared an excerpt from Bill’s new book, A Modest Theory of Civilization: Win-Win or Lose. In it, a warning from 1950s politics… and how ignoring it led to the fall of the American Republic…

image 2020s: 1970s Redux?
Closing out the week, our editor turns to a false premise that doomed the 1970s. The feds were spending too much money. But instead of cutting back, they jerry-rigged the yardstick… and it could now be coming back to bite investors…

image Confessions of an Angel Investor
On Saturday, we turn to our editor’s go-to tech expert, Jeff Brown. Jeff is a high-tech executive with decades of experience as an active angel investor. He picked the No. 1 stock in the S&P 500 in 2016 and 2018. And in this essay, he shares three key rules behind his success…

Regards,

Maria Bonaventura
Managing Editor, Bill Bonner’s Diary

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