Bill Bonner
‘It’s Disfigured, But Still Standing’…
A sad day in Paris. In this, the holy week of Christendom…one of its most sacred and beautiful monuments caught fire.
Uncle Sam Takes More Than Taxes From the Middle Class
The Trump tax cut was no real cut at all. The average person will save less than 2% on his tax bill. But his real cost of government went up — 10 times as fast.
What America’s Elite Have Planned for Your Money
The ‘stimulus’ programme is a wealth transfer scheme pretending to be economic policy. The Deep State, Washington, Wall Street, and The Swamp all benefit from it.
Trump and AOC Actually Agree on Something…
The Fed put in $3.6 trillion of fake new money. And the federal government ran some $11 trillion in deficits. Result: The greatest stimulus of all time produced the weakest recovery on record.
So Much for the ‘Trump Boom’…
Both Republicans and Democrats now put their faith in stimulus. The Republicans aim to stimulate the economy with tax cuts. The Democrats look to bigger deficits.
America’s Real National Emergency
GDP is falling, not rising…at a 6% annual rate. And if this keeps up, it will rival America’s Great Depression in severity.
The Real Threat Is in Washington
GDP is increasing at 2.5% per year. Federal debt is increasing twice as fast. No way is that going to have a happy ending.
It Was a Dangerous Trail… But We’re Used to Danger
Yesterday, we visited one of our distant ‘puestos’ (outposts). There are five or six of them scattered across many thousands of acres of desert, mountain, and valley.
Crash Alert
The next recession is coming fast. And based on the early data I have, it looks like the Doom Index will hit ‘8’ in our official reading this quarter.
Then He Handed Us an Envelope Full of Cash…
Three mayors. Three failures. Which just goes to show how much Baltimore has changed.
A Message from the Future: Thanks a Lot…You Jerks
You ran up $22 trillion in debt by 2019. Who did you think was going to pay that? Not you. Donald Trump was already 72. And the average baby boomer was in his 60s, getting ready for retirement.
Conversations with a Ghost
You’ve got a debt of $22 trillion that you can’t possibly pay. I see you’re spending 38% of GDP, but you’re only collecting about 17% of GDP in taxes.
Once a Gaucho…Always a Gaucho
This week, we got a surprise. Eight gauchos rode up, after crossing over the pass from the high ‘puna.’ They dressed in traditional regalia.
How the Feds Sedated American Capitalism
Total satisfaction equals the real value of win-win deals minus win-lose deals.Our formula recognises that money isn’t everything. So, it focuses on satisfaction, rather than GDP or raw wealth.
Behind the Mueller Distraction…a Hellish Catastrophe
When a recession comes, annual borrowing will soar to $2 trillion, probably sending total government debt to $40 trillion by 2030.