Formula for Disaster


Emma Walsh

May 24, 2020


We have passed the point of no return… Right now, only half of all Americans are working… Entire industry sectors have been decimated… Retail sales figures for April, for example, show the biggest drop in 70 years.

But the only plan in town is to crank up the printing presses and print up more and more fake money to “stimulate” the economy back to “normal.”

And yet, in the middle of the worst economic crisis in at least 90 years, speculators are bidding up stocks to levels normally only seen at the top of a boom.

As Bill says, “This is a formula for disaster. You’d have to have a Ph.D. in economics not to see it.”

Emma Walsh
Managing Editor, Bill Bonner’s Diary


image Back to School
Twenty years ago, Bill wrote that no pure paper money has ever survived a complete interest rate cycle. Now, it looks like his theory is about to be put to the test… and we’re about to relearn a costly lesson that has been wiped from the collective memories of recent generations…

image Back to School – Part II
The damage to the U.S. economy from the coronavirus lockdowns has been catastrophic. Whole industry sectors are on their knees. And with the Trump/Fauci Depression coming into view, it seems the only plan out there is a formula for disaster…

image Necessity Is the Deadbeat Dad of Intervention
Finally, as America starts to re-open for business, the headlines are starting to reflect the reality… And it’s bad. The damage already inflicted by the last two months of lockdowns is nothing compared to what’s to come…

image The Writing Is on the Wall for the U.S. Dollar
The U.S. dollar is doomed. With the printing presses running hot, higher rates of inflation – perhaps even hyperinflation – are on the way. Don’t be surprised if you see some strange-looking money flying around soon…

image A Lesson From the Argentine Economic Survival Manual
The future of the U.S. dollar is at stake… Today, our editor refers to the (fictional) “Argentine Economic Survival Manual” for advice on how the American government should proceed. After all, there’s nothing the Argentines haven’t tried…

image How Tom Dyson Met Bill Bonner
Our globe-trotting colleague Tom Dyson is currently on a two-year backpacking adventure with his family. He’s been writing all about it in his popular Postcards From the Fringenewsletter. As part of a special series of essays, Tom tells Diary readers the escapade-filled story of his quest to meet and work with Bill 15 years ago…

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