12 - Dan Denning - The Reddit saga, the end of the Bezos era and the latest Trade of the Decade

In this week’s episode of the Bonner Private Research podcast, I’m joined by my good friend and tireless champion of the individual, Mr. Dan Denning. In our free-wheeling discussion, we visit the Reddit saga, take a peek at what a “Bezos-less” Amazon might look like after he steps down as CEO later this year and finally, we unpack Dan and Bill Bonner’s latest Trade of the Decade. All that and more in this week's show, below... Bullet points 00:51 - Intro 05:45 - Interview with Dan Denning 06:13 - Contactless payments, COVID-19 passports, RFID chips and the singularity of identity 08:43 - The seamless shift to a cashless society 09:43 - The War on Cash and the elimination of privacy in financial transactions 12:18 - “Just to be clear, I don’t get checks from the government. Ever. I only write checks to the government.” 12:43 - “Rational resistance to these things happens at the individual level; Acceptance happens at the collective level, because it’s a mob or a crowd or whatever.” 13:33 - Addressing the unbanked problem in a cashless society 14:43 - Jeff Bezos leaves Amazon and an update on the “River of No Returns” 16:33 - An update on ExxonMobil - Defending the Dividend 17:13 - A new Trade of the Decade from Dan and Bill Bonner 20:03 - “How can we take the family money, find something that noone wants to buy, buy it, forget about it for ten years and make money on it?” 20:58 - Dan on Robinhood: “More people than ever before who have never invested in stocks are buying stocks. That alone doesn’t make them investors.” 24:38 - Climate change, renewable energy and the great “thermodynamic fraud” 26:13 - ERORI (Energy Returned on Energy Invested) - You can’t get out more than you put in 30:13 - Real Assets vs. Financial Assets in an age of debt, deficits and decline 33:45 - Trade of the Decade... but wait, what’s on the sell side? 35:45 - A little about the so-called debt ceiling 36:45 - What is the “Gephardt Rule” 38:45 - Dan recommends (not) reading the Monthly Statement of the Treasury 40:45 - “There’s one party in Washington, there’s the Welfare State and the Warfare State.” Dan Denning 42:03 - “The world in which the US dollar is the reserve currency because it’s the best store of value is over.” Dan Denning 47:30 - Has the Gamestop/retail trader/Reddit story proven the market is broken as a weighing machine? 50:25 - “The ‘memes of production’ had been stolen by the proletariat.” 51:15 - “Fair and efficient markets.” Janet Yellen provides some comic relief in the Reddit story. 53:45 - Are Signal, Telegram and other end-to-end encrypted communications apps next on the Deep State’s hit list? 55:50 - (CUT - I’ve got a motorcycle going by outside here) 58:45 - What to do when free speech is considered dangerous speech