Good ol’ Charlie Munger. Last week, the 98-year-old gave his opinion on the biggest danger facing US democracy. Yahoo! Finance was on the case: ‘Citing examples from the Roman Republic to Adolf Hitler to Latin America, Munger said, “Inflation is a very serious subject, you could argue it is the way democracies die.” ‘He notes that it […]
By Bill Bonner,
The American Elite Establishment has launched three major initiatives so far this century. All were based on lies, mistakes, and corruption. All were failures. ‘Weapons of mass destruction’ led off. There were none. But the US squandered US$8 trillion and thousands of lives looking for them. Then came Ben Bernanke’s whopper: ‘If we don’t do […]
By Bill Bonner,
Is the Fed really as incompetent as it appears? Today, we take a look. The Fed’s inflation now vexes consumers…investors…and politicians. CNS: ‘The average price of a gallon of self-serve regular gasoline in Los Angeles County rose four-tenths of a cent Saturday to $4.754, a record high for the eighth time in the last nine […]
By Bill Bonner,
‘The heart is devious above all else; ‘It is perverse… ‘Who can understand it? ‘I the Lord test the mind ‘And search the heart ‘To give to all according to their ways, ‘According to the fruit of their doings.’ Jeremiah, 17:9 ‘Science advances one funeral at a time’, said Max Planck, who meant that a […]
By Bill Bonner,
‘A man…with no means of filling up time is as miserable out of work as a dog on the chain.’ George Orwell Yesterday, the rock and the hard place came closer together. CNBC reports: ‘Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982. ‘…was even higher than the Wall Street […]
By Bill Bonner,
Recently, we’ve been looking at the ‘culture of work’. Over time, we’ve seen that people want to move to join the elite — the people who work without getting their clothes dirty. We’ve seen, too, that having more administrators, controllers, regulators, elite hangers-on, meddlers, and finger-waving know-it-alls is not necessarily a good thing. Instead of […]
By Bill Bonner,
During the Second World War, German prisoners of war in the US were often given the opportunity to work on farms. After the war was over, some elected to stay. One explained it:
By Bill Bonner,
The government’s jobs report released [in early January] tells us what has happened: well over 20 million people quit their jobs in the second half of 2021. Some are calling it the “big quit,” others the “great resignation.”’
By Bill Bonner,
That’s why, back in the Land Before Financialisation, in 1982, the finance industry represented about only 10% of corporate profits. It only hit after the US began its decline in 2000.
By Bill Bonner,
But wait…what about the cryptos? What about the newly minted Castello Coin? It is not paper. It is not a ‘fiat’ currency. It’s something new.
By Bill Bonner,
Investment ideas from the edge of the bell curve.
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