It’s Time to Declare a Trade War on Penguins
The world is losing its marbles over Trump’s tariffs on penguin colonies. But what if he’s right to suspect they’re up to something?

The world is losing its marbles over Trump’s tariffs on penguin colonies. But what if he’s right to suspect they’re up to something?
By Nick Hubble,
The big story in the financial world is still the trade war. Wars are serious business. Nations tend to get edgy when they think their material welfare…or military power…is in danger. Japan bombed Pearl Harbor after the US cut off its oil supplies. Napoleon invaded Russia because he thought it was undermining his trade sanctions […]
By Bill Bonner,
‘Would you betray the Son of Man with a kiss?’ –Jesus, to Judas Iscariot When we left you last week, word had just come that China responded to Trump’s ‘reciprocal’ tariff salvo, with reciprocity of its own. Reuters: Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump’s […]
By Bill Bonner,
The era of rules-based order and globalized free trade is over. –Lawrence Wong, Singapore Prime Minister When the stock market was in free fall, a subscriber wrote to ask if we were satisfied. After all, here was the sell-off we were waiting for. Alas, no. We hold gold. And we can’t complain. Gold has been […]
By Bill Bonner,

While the world panics about a Great Depression style trade war, we may be on the cusp of globalisation on a scale never seen before instead.
By Nick Hubble,
Countries are kissing my a** to negotiate trade deals.’ Donald Trump How exhilarating it must be. To have the whole world bending over and puckering up. What a feeling of power! Like Gen. Irvin McDowell setting out to teach those Rebs a lesson at Bull Run…Bonaparte chasing the Russkies out of Moscow…or the Titanic under […]
By Bill Bonner,
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