Appreciate the perspective regarding wealth. Same thing needs to happen with wages. CEO and Wall Streeter compensation is grossly disproportionate to their contributions. It’s the red cape waved at the general population, making “democratic socialism” attractive despite its history of epic failure.
Here's some proof of CEO disproportionate compensation. In 1965, the CEO-to-worker compensation ratio was roughly 20:1. Now it varies between 250:1 and 350:1. There is the old story that Henry Ford wanted to pay his workers a enough so they could buy his cars. That's all forgotten now.
You start with the quote from Tom Dyson: ‘My worry isn’t AI. It’s the size of the financial bust that this AI-mania has teed up. It’ll be too big for the government to bail out, which means it’ll usher in deflation, finally.’
I worry that the government will try to bail it out, even if they have to print $100T or more to do it, which would really juice inflation.
I have long thought that our current bubble will end in either a deflationary depression, or a hyper-inflationary depression, and while I would far prefer to see the former, I suspect that those in Congress and Wall Street will opt for the latter, even if it means that gasoline goes to $500/gallon or more. This is not without precedent. There have been numerous countries where people were living frugally on a pension, and getting by, and in the space of months prices went up such that their pension could buy no more than food for one day, or even less. But at least the banks were saved!
Those AI geniuses are already floating the idea of the federal government backstopping their debt. And Wall Street expects a bailout too. So we, the donkey US taxpayers, will eventually be co-signers for Tech Bro's plan to replace our jobs with AI. And people wonder why the young are gravitating towards socialism.
I don't think most of us wonder any longer. Sad part is the so-called socialist are no different than the so-called capitalist and those whom would vote for them cannot discern the difference.
"It is to that wheel — preventing capitalism from setting things straight - that Secretary Bessent now puts his shoulder..."
...shoulder to shoulder with Mamdani in New York and Abdul El-Sayed in Michigan -- and multiple presidents in Washington, probably including Trump, although that last is disputed by Glenn Beck and Jim Rickards.
Predicting the future again. What comes next? Crash and rebuild, war and rebuild. Then something new, different, less selfish- serving the needs of the young and the productive more or dystopia? Neoliberalism, rentierism, libertarianism and Austrian school are being shown to be unsustainable scams.
To quote Adam Curtis the West like: “The Soviet Union became a society where everybody knew what their leaders said wasn’t real because they could see with their own eyes that the economy was falling apart, but everybody had to play along and pretend that it was real because no one could imagine any alternative—one Soviet writer called it hypernormalisation.”
Well Bill, when the bubble bursts, and deflation kicks in, those who have collected hard assets will sleep much better than those who didn't. Keeping a low profile will be important when this happens. There will be a lot of panic fire sales.
Jim, the key for us peons is to have assets available to take advantage of the "fire sales". Those up to their eyeballs in debt are the ones going to be the sellers of the "fire sales". Hang on tight.......going to be Epic and not the way Trump and his ilks try to use "Epic". The only thing they have made Epic is their failures - here, there, everywhere!
I suspect that the Bonners won't need to "raise" cash. It is those that have only "debt" and no way to get out from under. Going to be "epic". Got Gold!
Yes of course! Just let the bubble pop. Real capitalism will return, put everyone back in their place, and solve all our problems. Back to the fantasy libertarian fundamentalism. Once it’s broke it ain’t going to go back to how it was.
There will not be any hot dogs because there are 40 million less people living on farms; the hot dog of today is different than 50 years ago, like everything else they cheapen it with fillers and chemical taste alike.
Nothing is as it was 80 years ago.
Capitalism will fix everything! What crazy world do you live in. Only people break things and fix things. The biggest commodity of the modern economy is stupidity. And you say the good professors will still exist.
Capitalism does not exist; it was once a made-up word. Who has faith in a word.
God is a fantasy, but AI is salvation.
There is no market; you can see that by looking at oil prices.
JD Vance lived through “Hillbilly Elegy” and some guy traveled through Gary Indiana and other towns as disparate as Mississippi and Maine, industry towns that died; there is already housing deflation.
70 years ago, people had jobs, produced something; there was a broad base of entrepreneurs. All gone; only 50% of the labor force works and AI will end the white collars.
Capitalism’s, stupidity’s fix, is everyone starving.
I don’t know how they will write the history of our time, it is too unbelievably stupid.
The military and crazy Trump have contingency plans to nuke Iran and Russia is being pushed to the brink by stupid Europeans under the direction of the US that is controlled by Israel.
We should put ourselves out of the misery we have created.
I heard that, I also heard that the Jews populated the secret police. I cannot verify it. I only know that during the revolution, the proletariat, the people, became bloodthirsty killers of each other. I do not know why, probably latent in us all. I also know that the disaster which is the US, the killer war state, takes mass participation and that some people relish being bloodthirsty killers.
Isn’t it the same old question Bill- not if but when shall all this happen??? Although somewhat prepared, as many of your readers are, more than likely you & I are if an age that we’re likely to not gonna see this great event!!!
Brillant Bill... so simple its hard for smart<stupid> people to grasp .. just let the damn bubble burst and those stupid greedy rich bastards come back down to earth rather than think they can take anything with them .. not even the shit in the brains guts or anything else will they take along from their self styled 'heavens' in florida or anywhere else inc the West Bank of Palestine which they insist their god gave to them and them alone and they must have it along with the extermination of anyone else who disagrees with them .. to bad they did not relocate all these goyim in Ireland or Argentina .. but god must be obeyed so enjoy the goy ride to the very end !
This is the third time I’ve received an email that starts with this:
“We’ve changed your notification preferences for Bonner Private Research.”
Anyone else get an email like this? They’ve been spaced a few months apart, and sure enough, when I go to my Substack account, notifications have been disabled.
I went to medical school from 1973 to 1977 (University of Utah School of Medicine). I was a Utah resident which brought the price down compared to a non-resident. The tuition for one year was $900 (NINE HUNDRED DOLLARS)! To think that a college's tuition can now be over $100,000 is mind boggling. That would mean that in about 50 years, the tuition would have increased more than 100,000 times. Our financial system is so sick. Free capitalism from government meddling (central banking) and get back to the gold standard!!!
If the ruling elites will do everything in their power to prevent deflation then we will have inflation instead. Holding cash in this environment is not a good idea and the common man will not be relatively better off because the ratio stocks/gdp will go higher.
Appreciate the perspective regarding wealth. Same thing needs to happen with wages. CEO and Wall Streeter compensation is grossly disproportionate to their contributions. It’s the red cape waved at the general population, making “democratic socialism” attractive despite its history of epic failure.
Here's some proof of CEO disproportionate compensation. In 1965, the CEO-to-worker compensation ratio was roughly 20:1. Now it varies between 250:1 and 350:1. There is the old story that Henry Ford wanted to pay his workers a enough so they could buy his cars. That's all forgotten now.
Sadly, TRUE!
Jim
You start with the quote from Tom Dyson: ‘My worry isn’t AI. It’s the size of the financial bust that this AI-mania has teed up. It’ll be too big for the government to bail out, which means it’ll usher in deflation, finally.’
I worry that the government will try to bail it out, even if they have to print $100T or more to do it, which would really juice inflation.
I have long thought that our current bubble will end in either a deflationary depression, or a hyper-inflationary depression, and while I would far prefer to see the former, I suspect that those in Congress and Wall Street will opt for the latter, even if it means that gasoline goes to $500/gallon or more. This is not without precedent. There have been numerous countries where people were living frugally on a pension, and getting by, and in the space of months prices went up such that their pension could buy no more than food for one day, or even less. But at least the banks were saved!
Those AI geniuses are already floating the idea of the federal government backstopping their debt. And Wall Street expects a bailout too. So we, the donkey US taxpayers, will eventually be co-signers for Tech Bro's plan to replace our jobs with AI. And people wonder why the young are gravitating towards socialism.
I don't think most of us wonder any longer. Sad part is the so-called socialist are no different than the so-called capitalist and those whom would vote for them cannot discern the difference.
I think they are called crony Capitalists Tom.
"It is to that wheel — preventing capitalism from setting things straight - that Secretary Bessent now puts his shoulder..."
...shoulder to shoulder with Mamdani in New York and Abdul El-Sayed in Michigan -- and multiple presidents in Washington, probably including Trump, although that last is disputed by Glenn Beck and Jim Rickards.
Predicting the future again. What comes next? Crash and rebuild, war and rebuild. Then something new, different, less selfish- serving the needs of the young and the productive more or dystopia? Neoliberalism, rentierism, libertarianism and Austrian school are being shown to be unsustainable scams.
To quote Adam Curtis the West like: “The Soviet Union became a society where everybody knew what their leaders said wasn’t real because they could see with their own eyes that the economy was falling apart, but everybody had to play along and pretend that it was real because no one could imagine any alternative—one Soviet writer called it hypernormalisation.”
Well Bill, when the bubble bursts, and deflation kicks in, those who have collected hard assets will sleep much better than those who didn't. Keeping a low profile will be important when this happens. There will be a lot of panic fire sales.
Jim Marshall
Jim, the key for us peons is to have assets available to take advantage of the "fire sales". Those up to their eyeballs in debt are the ones going to be the sellers of the "fire sales". Hang on tight.......going to be Epic and not the way Trump and his ilks try to use "Epic". The only thing they have made Epic is their failures - here, there, everywhere!
“People will sell their grandmothers to raise cash “. Bill- how is your relationship with your children and grandchildren?
I suspect that the Bonners won't need to "raise" cash. It is those that have only "debt" and no way to get out from under. Going to be "epic". Got Gold!
Yes of course! Just let the bubble pop. Real capitalism will return, put everyone back in their place, and solve all our problems. Back to the fantasy libertarian fundamentalism. Once it’s broke it ain’t going to go back to how it was.
"…many voters have decided, according to the Financial Times, that Capitalism’s not working"
But it IS working!
Capitalism -- saving a portion of one's earnings and investing in serving others both profitably and charitably --
is the healing, cleansing, productive portion of the Pride Cycle which repeats around the world and down through history.
The same for the man on the throne and the man behind the plow.
That's how it looks from the rock this frog is sitting on.
lol another article of faith….
There will not be any hot dogs because there are 40 million less people living on farms; the hot dog of today is different than 50 years ago, like everything else they cheapen it with fillers and chemical taste alike.
Nothing is as it was 80 years ago.
Capitalism will fix everything! What crazy world do you live in. Only people break things and fix things. The biggest commodity of the modern economy is stupidity. And you say the good professors will still exist.
Capitalism does not exist; it was once a made-up word. Who has faith in a word.
God is a fantasy, but AI is salvation.
There is no market; you can see that by looking at oil prices.
JD Vance lived through “Hillbilly Elegy” and some guy traveled through Gary Indiana and other towns as disparate as Mississippi and Maine, industry towns that died; there is already housing deflation.
70 years ago, people had jobs, produced something; there was a broad base of entrepreneurs. All gone; only 50% of the labor force works and AI will end the white collars.
Capitalism’s, stupidity’s fix, is everyone starving.
I don’t know how they will write the history of our time, it is too unbelievably stupid.
The military and crazy Trump have contingency plans to nuke Iran and Russia is being pushed to the brink by stupid Europeans under the direction of the US that is controlled by Israel.
We should put ourselves out of the misery we have created.
Who killed the Russian royal family
Some blood thirsty bastards.
The leaders of the Bolshavics were Jews
I heard that, I also heard that the Jews populated the secret police. I cannot verify it. I only know that during the revolution, the proletariat, the people, became bloodthirsty killers of each other. I do not know why, probably latent in us all. I also know that the disaster which is the US, the killer war state, takes mass participation and that some people relish being bloodthirsty killers.
I tent to agree with you.
Isn’t it the same old question Bill- not if but when shall all this happen??? Although somewhat prepared, as many of your readers are, more than likely you & I are if an age that we’re likely to not gonna see this great event!!!
Brillant Bill... so simple its hard for smart<stupid> people to grasp .. just let the damn bubble burst and those stupid greedy rich bastards come back down to earth rather than think they can take anything with them .. not even the shit in the brains guts or anything else will they take along from their self styled 'heavens' in florida or anywhere else inc the West Bank of Palestine which they insist their god gave to them and them alone and they must have it along with the extermination of anyone else who disagrees with them .. to bad they did not relocate all these goyim in Ireland or Argentina .. but god must be obeyed so enjoy the goy ride to the very end !
All I can say is, don't forget to vote.
OFF TOPIC
This is the third time I’ve received an email that starts with this:
“We’ve changed your notification preferences for Bonner Private Research.”
Anyone else get an email like this? They’ve been spaced a few months apart, and sure enough, when I go to my Substack account, notifications have been disabled.
I didnt get this but Tom and Dan keep following me
That Tom and Dan are fake accounts.
Tom and Dan don't follow anyone on here!
exactly. was being sarcastic
I went to medical school from 1973 to 1977 (University of Utah School of Medicine). I was a Utah resident which brought the price down compared to a non-resident. The tuition for one year was $900 (NINE HUNDRED DOLLARS)! To think that a college's tuition can now be over $100,000 is mind boggling. That would mean that in about 50 years, the tuition would have increased more than 100,000 times. Our financial system is so sick. Free capitalism from government meddling (central banking) and get back to the gold standard!!!
If the ruling elites will do everything in their power to prevent deflation then we will have inflation instead. Holding cash in this environment is not a good idea and the common man will not be relatively better off because the ratio stocks/gdp will go higher.