In a better world, the Fed would be disbanded. After all, the idea that a group of greying lawyers and economists can set interest rates for a US$24 trillion economy is pure fantasy. Neither theory nor experience supports it.
By Bill Bonner,
‘Financial wealth’ is very different from real wealth. Real wealth must be earned. Until the 1980s, both rich and poor earned money and gained ground equally. Then, the new financial system tilted the playing field in favor of the elite.
By Bill Bonner,
‘Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children…’
Dwight Eisenhower, 1953
By Bill Bonner,
Last week, the stupidity of smart people was on display. But as failure often leads to success, youth leads to old age, and holding up liquor stores leads to jail time…
By Bill Bonner,
You get what you pay for. We get ships and missiles. We don’t get houses, cars, carrots, and the other things people want to buy. Again, consumer prices go up. RFK Jr is the first candidate who proposes to put a stop to it.
By Bill Bonner,
US has been in the empire racket for more than 100 years, it has never gotten the hang of it. It extends its power…it offers protection to nations who obey, war, and sanctions to those who don’t. The trouble is, it loses the wars…and loses money on the whole enterprise.
By Bill Bonner,
‘Yesterday, all my troubles seemed so far away ‘Now I need a place to hide away ‘Oh I believe in yesterday’ The Beatles We pause to draw breath…tidy up…and say farewell to yesterday. Last week, we looked at an approaching recession. We saw how the pain needed to escape from inflation is likely to fall […]
By Bill Bonner,
Our point this week: Inflation is not beaten. And it won’t be beaten without pain. No pain, no gain. The rich need to lose as their assets fall in value. The poor need to lose as the feds’ ‘transfer’ schemes become unaffordable.
By Bill Bonner,
Coming up for US deciders is their most important decision in at least 40 years. It can be reduced to a simple question: Are we headed down the Argentine path or not? The Argentines are champions of the world at soccer. What they don’t know about kicking cans down the road isn’t worth knowing.
By Bill Bonner,
We left the question hanging yesterday…like a man dangling at the end of a rope…lynched and gurgling…
By Bill Bonner,
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