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Richard Smith's avatar

Joel,thanks bringing to light again that some of our Politicians are beyond stupid,even with a yale degree.Regarding inflation and interest rates,I believe it was President Wilson who apologized to the American People soon after the Federal Reserve was formed,for allowing it to happen.And the only Politician I ever heard rally for eliminating it, was Ron Paul consistantly.Haven't they proven they are beyond stupid as well (the Fed. reserve),and have cost us and the world economy enough. Richard

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Todd's avatar

Beautifully written. If Tom’s theory is correct, then it suggests that the broken system, stressed beyond belief since the bailouts of 2008/QE/Zirp/Covid relief... will likely accommodate even more stress (flight of foreign investment into equities) before shattering? That would suggest prolonged pressure of inflation on the middle class and the fed’s/DC’s capacity to UBI the masses?? Makes me wonder which future lies before us- a dumpster fire of everything from which we rebuild based upon merit and quality? Or, a slow burn in to CBDC slavery?

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Graham Jones's avatar

Brilliant commentary as ever; as Pareto said ‘sooner or later the foxes take over’

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Joel McGriff's avatar

I am thoroughly enjoying my subscription to Bonner Private Research! I love the wit, sarcasm and writing styles of each of the members. It's refreshing to get this information consistently and without wondering if it is the content I paid for or just a disguised advertisement! Keep up the good work! Don't change ,your product is exactly what I hoped it would be! I'm following the investment recommendations with great interest.

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SKA's avatar

Joel Bowman is a good writer from the standpoint of presenting a clear articulation of the ideas he discusses. However, his attempt to emulate Bill Bonner's writing style is a little irritating. One Bill Bonner is enough Joel, you need to work on creating your own voice.

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Joel Bowman's avatar

SKA, your observation is flattering... but misguided. As much as I truly do enjoy Bill's wry truth-telling, my own literary heroes happen to be impecunious purveyors of fiction, long dead and now seldom read. Thanks anyway!

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Ralph   E. Wood's avatar

I have not seen a $100, charge on my Discover Card, after a few months have passed, I understand that your Irish bank was not taking Discover Card, at that time, I suggested you

post the $100, fee through Diners Club, because Discover, owns Diners, and I used that when in Peru. I want to pay the $100, so let me know if you have put your bank on the right footing. Thank you,

Ralph Wood

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