Where’s Kazan? Who cares? We didn’t know and didn’t care either. But, for those curious, it is in Tatarstan, a republic in Russia, not an independent country. It is located about five hundred miles east of Moscow, between the Volga and Kama rivers. As for the people, they are Turkic speaking descendants of the Golden […]
By Bill Bonner,
While the US is focused on an internal power struggle, a new world order is taking shape. Sonar21: ‘PUTIN Re-Shaping the World Right in Front of Us ‘It is fascinating to watch the denial in the West about the importance of this meeting of 36 nations, with 20 heads of state in attendance, and the challenge […]
By Bill Bonner,
‘Everybody’s bullish on gold.’ Analyst Mark Cudmore on Bloomberg this morning. ‘All roads lead to inflation’, says celeb investor Paul Tudor Jones. PTJ may be right. We think he is. At least, over the long run. But many are the twists, turns, blind alleys and washed-out bridges along the way. Ultimately, almost all major governments […]
By Bill Bonner,
In the never-ending press babble is news that Kamala Harris is warming up to crypto. Benzinga: ‘Kamala Harris is taking a different approach to cryptocurrency than President Joe Biden and she’s making moves. Harris isn’t just talking about being more crypto-friendly. As reported by Joseph Zeballos-Roig from Semafor, she’s already sending her aides out to […]
By Bill Bonner,
The most obvious narrative for future economic historians is probably something like this… In the early 21st century, politicians lost control of spending. Debt rose much faster than GDP. Then, inflation made it much harder for the Fed to continue ‘printing’ money. But as soon as inflation moderated, in 2024, it went back to its […]
By Bill Bonner,
Bloomberg: “The world’s $100 Trillion Fiscal Time Bomb” ‘The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year, driven by China and the US. Managing Director Kristalina Georgieva, in a speech on Thursday, stressed how that mountain of borrowing is weighing on the world.’ It […]
By Bill Bonner,
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