‘The American press exists for one purpose only, and that is to convince Americans that they are living in the greatest and most envied country in the history of the world. The Press tells the American people how awful every other country is and how wonderful the US is and how evil communism is and how happy they should be to have freedom to buy seven different sorts of detergent.’
Gore Vidal
By Bill Bonner,
The US economy is in transition. It is leaving a period of rising stock and bond prices and entering a period in which, we believe, they are falling…in real terms.
By Bill Bonner,
We accept that there are booms and busts…births and deaths…ups and downs. Were there no downs, there would be no ups. It is only the relative motion that gives it meaning; it is the looming grave that makes life above ground so jolly.
By Bill Bonner,
Market timers wait for the sell-off. Economists wait for the recession. Here at Bonner Private Research, we are on suicide watch.
By Bill Bonner,
‘If I could save the Union without freeing any slave, I would do it, and if I could save it by freeing all the slaves, I would do it, and if I could save it by freeing some and leaving others alone, I would also do that…’
Abraham Lincoln
By Bill Bonner,
When did China become an enemy? Why did it become an enemy?
By Bill Bonner,
In our 2006 book, ‘Empire of Debt’, we pointed out that empires are typically ruined by a combination of disastrous financial policies (debt and inflation) along with reckless military adventures. We forecast that the US would suffer both scourges. The cost of the latter almost guarantees the former. The US’s ’foreign policy’ establishment — Pentagon, defence industries, Congress, embassies, foreign aid…along with involvement in NATO, IMF, World Bank etc — costs US$1.5 trillion per year.
By Bill Bonner,
We marvel…we wonder…what is wrong with these people? We refer to the staff at Newsweek…who came out with this insipid headline story, ‘Biden Saved the Economy and Launched a New Age of Prosperity. Why Isn’t He Getting Any Credit?’:
By Bill Bonner,
Two important things happened last week…each signalling another milestone passed. While we were at an opera in Austria, an ex-president was indicted…and Fitch downgraded the most important asset in the entire world — US Government debt.
By Bill Bonner,
This just in on the latest Gallup Poll. Americans’ most trusted institution, the military, is falling from grace.
By Bill Bonner,
Investment ideas from the edge of the bell curve.
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