In 1999, the US owed $5.6 trillion. A lot of money. But still manageable. Now it owes $35 trillion. Much of this debt – a total of nearly $100 trillion, public and private – cannot be repaid.
With all due respect dbl B, I do recall really low gas prices, low illegal immigration, low crime, and no new wars or was that a mirage? Your insights are invaluable but your TDS gets a little boring and cnn like..I agree DT’s fiscal policy was not fiscally responsible but I also believe he was surrounded by wolves in sheep’s clothing.. also he came out of nowhere( so to speak) to win the 2016 election.. no one in the history of our election a outside the establishment has ever done that.. my opinion is that he knows the players now .. who else could withstand the slings and arrows that have been thrown at him and still keep fight and still keep his positivity and strength through all of this.. he isn’t perfect but he’s the only one I see still standing…
He may not be what is needed for the long term , but he is what is needed to take down the deep , medium and shallow state. Again , with all do respect Mr.B, love your insights and opinions, keep up the great work
You are correct to note that Bonner has advanced TDS. There is much to criticize about Trump, but Bonner is totally unable to acknowledge anything good he has done - like deregulation, being pro-production and pro-energy, and a voice against the climate change hysteria, etc., etc.
Bill's missive today was short and not-so-sweet. I think most that subscribe to Bill's weekday musings understand the decline is in process. What we ALL don't know is when the decline will accelerate. As the sayings goes - slowly, slowly, then all of a sudden. Me think we may be nearing the transition between "slowly" and "all of a sudden". So what time is it, pray-tell? - it is the time to prepare. Better too soon than a second too late. You don't have to like it, and you can choose to ignore it at great peril - but nonetheless it cometh.
All depends upon your view of what lies ahead along with your financial means and ability to imagine the chaos coming. If you live in a large city, things can get ugly quickly. Trucks stop and food disappears in 2 days. So do you stockpile or head elsewhere - do you have another place or family or close friends not too distant? Gold/silver, guns/ammo, freeze-dried food. etc. Lots to think about including what options do you have?
An Ol' LSO, I agree that the cities produce nothing while all the food, water and energy comes from the areas despised by the city leaders. Who has the real power in the USA. The RED areas on the map are the real power. Perhaps we who live in these areas need to remind those in the cities just who controls what is needed to live.
Live in small, rural town, with v. Large garden. Won’t starve. Guns? Whom would I be shooting at? Gold? Need to go to city to convert into money. As in great depression, perhaps soup kitchens and law and order will exist side by side… even in the cities. Farms will still exist & country folks know how to prepare edibles & cook. People are adaptable, even in crowded cities, and won’t necessarily go nuts, shooting and rioting everywhere if a depression happens ……. will they?
Definition from Britannica: black swan event, high-impact event that is difficult to predict under normal circumstances but that in retrospect appears to have been inevitable. A black swan event is unexpected and therefore difficult to prepare for but is often rationalized with the benefit of hindsight as having been unavoidable.
A 2024 U.S. General Election: unlike any other election in American history.
According to Jim Rickards there is a new deal with the Saudi’s to replace the old deal.
“The U.S. and Saudi Arabia are currently in negotiations on a new financial and security arrangement that would supersede the old petrodollar deal. … In short, not much would change from the current petrodollar deal except for the enhanced security guarantees.“
Dan, good points on the MARKET SECTOR. Bill, your points and rhetoric regarding OUR COUNTRY (USA) are well known and you have repeated all many times. What is your point?? Most of us have read a good bit of history and understand that all before the U.S.A. that grew to great prosperity went the same way we are going, mankind has not changed in thousands of years we rename the process and think we are smart and "IT" will be different this time. Maybe you need to look for a different subject or suggest a fix to undue the current ISSUES.
When it comes to politics, Bonner has a lot of gripes and no solutions. He insists on writing a column five days a week: hence, repetition. I don't look for insights from him on politics - there are so many others that are much better.
It's amazing. The one topic that practically all "so called" market experts on Fox and all other business shows on TV barely ever mention is our 35 trillion debt (and growing). To listen to these "experts", our markets are not just going to the moon but well beyond Mars, maybe with a slight correction. Come to think of it, they may be right. Valued in worthless currency, our markets may even get to Venus, stacked on future worthless thousand dollar bills. Since I'm one of Bill's "old" but poor readers, I have invested in small gold royalty companies (with good management) over the years. They most always go up considerably higher than gold, during similar time frames, as now.
When Zimbabwe's currency was heading wildly out of control a few years back, with bank notes of $50billion and more, their share-market was absolutely gangbusters, so in the current environment share values may not be the best measure of how well things are doing for sure Kenneth
I had a $1 Trillion dollar Zimbawbe note once which I passed off to G.Edward Griffin when visiting a money talk symposium in Seattle. He s asked if I felt rich. : )
Our "country is in decline " ship has sailed. There is no stopping it. It is over. The future will be what it will be. It may be time to find another subject. Don't forget to vote!
I like Bill B and Doug Casey, thinking of them as history teachers 50 years from now. Excellent observations guys. But for those of us who are merely affluent or middle class, who must live here on the surface, the next twenty years, and beyond for our progeny, are kind of important. I think Dan and Tom are keeping their eyes on that ball pretty well. Some people made it out of the Roman Empire in good shape. If someone like Trump can hold off the full collapse a little longer, I like it. Whereas....
Following the fall of the Roman Empire was the Dark Ages a term for the Early Middle Ages ( c. 5th–10th centuries).
It is characterised by technological, economic, intellectual, and cultural decline. Don't think we would like those 500 years even if we made it out in "good shape" lol.
Clem, keep your fingers crossed. Maybe we could exchange things with each other, some peat for heat, maybe an ass for getting around. I won't tell how many asses you have, if you won't tell on me.
Lord Trump doesn’t need to cut spending, He takes what He wants, and that’s the American way.
He will balance the budget with the money He brings back to America.
Money that Crooked Joe gives to Russia, Ukraine, Israel, Saudis Arabia, Iran, Lebanon, France, Europe, Africa, and the his endless his list of dirty laundry.
The Son of Fred, The American Savior, Lord Trump is prophecy, a prophetic man sent by God to save the world for a 2nd time, literally.
The blue democratic liberal devils say to Him “Aren’t we right in saying that you are convicted felon?”
Lord Trump answered: “I am not a convicted felon, I honor my country and you dishonor it.”
At this, the Blue Devils grind their teeth and snarl in anger, but President Trump continues to follow the Golden Light of Glory that comes from above.
XLE has been mis identified as S&P 500 Energy Sector in the XLE/XLK chart's presentation. What would the Roman Empire look like today if not NATO. We might not speak Latin, but there is a lot of its influence on what we do speak.
I think I can relate to Mr Bonner’s outlook and pessimism when it comes to Trump. In my 8 or so years reading his missives one theme seems to stand out and that is good judgement. I politely argue with my politically like minded friends that Trump lacks good judgement or fails to think some critical situations throughly. All Trump had to say during his January 6 speech was “ protest patriotically and peacefully but DO NOT ENTER THE CAPITAL.” Not doing so was poor judgement or he intentionally wanted that outcome. Only he knows. I could cite other situations where he lacked clear good judgement but I’ll leave those situations to the astute reader’s comments I respect and enjoy.
I much enjoy Mr Bonner's writings for the most part, but take issue with a couple of comments in yesterday's letter.
The US "empire" : what empire? Certainly not in my dictionary's definition, unless you include widespread meddling and military interference in multiple countries. "Most admired" in the 1990s - not by anyone I knew. Well ahead would be Australia, New Zealand, South Africa. "Coolest culture" - no comparison to the real culture of, for instance, of countries like France, Germany and Russia.
With all due respect dbl B, I do recall really low gas prices, low illegal immigration, low crime, and no new wars or was that a mirage? Your insights are invaluable but your TDS gets a little boring and cnn like..I agree DT’s fiscal policy was not fiscally responsible but I also believe he was surrounded by wolves in sheep’s clothing.. also he came out of nowhere( so to speak) to win the 2016 election.. no one in the history of our election a outside the establishment has ever done that.. my opinion is that he knows the players now .. who else could withstand the slings and arrows that have been thrown at him and still keep fight and still keep his positivity and strength through all of this.. he isn’t perfect but he’s the only one I see still standing…
He may not be what is needed for the long term , but he is what is needed to take down the deep , medium and shallow state. Again , with all do respect Mr.B, love your insights and opinions, keep up the great work
Aloha and I wish you well.
You are correct to note that Bonner has advanced TDS. There is much to criticize about Trump, but Bonner is totally unable to acknowledge anything good he has done - like deregulation, being pro-production and pro-energy, and a voice against the climate change hysteria, etc., etc.
Bill's missive today was short and not-so-sweet. I think most that subscribe to Bill's weekday musings understand the decline is in process. What we ALL don't know is when the decline will accelerate. As the sayings goes - slowly, slowly, then all of a sudden. Me think we may be nearing the transition between "slowly" and "all of a sudden". So what time is it, pray-tell? - it is the time to prepare. Better too soon than a second too late. You don't have to like it, and you can choose to ignore it at great peril - but nonetheless it cometh.
“…rime to prepare.” Other than some stockpiling, one can/should ?????
All depends upon your view of what lies ahead along with your financial means and ability to imagine the chaos coming. If you live in a large city, things can get ugly quickly. Trucks stop and food disappears in 2 days. So do you stockpile or head elsewhere - do you have another place or family or close friends not too distant? Gold/silver, guns/ammo, freeze-dried food. etc. Lots to think about including what options do you have?
An Ol' LSO, I agree that the cities produce nothing while all the food, water and energy comes from the areas despised by the city leaders. Who has the real power in the USA. The RED areas on the map are the real power. Perhaps we who live in these areas need to remind those in the cities just who controls what is needed to live.
Live in small, rural town, with v. Large garden. Won’t starve. Guns? Whom would I be shooting at? Gold? Need to go to city to convert into money. As in great depression, perhaps soup kitchens and law and order will exist side by side… even in the cities. Farms will still exist & country folks know how to prepare edibles & cook. People are adaptable, even in crowded cities, and won’t necessarily go nuts, shooting and rioting everywhere if a depression happens ……. will they?
Disarming the malacia is kinda like WOW, Reloading.
You'd believe Bonner would've kinda been like, fuck that noise. Instead of bolting out to Ireland, fkn weenie.
Definition from Britannica: black swan event, high-impact event that is difficult to predict under normal circumstances but that in retrospect appears to have been inevitable. A black swan event is unexpected and therefore difficult to prepare for but is often rationalized with the benefit of hindsight as having been unavoidable.
A 2024 U.S. General Election: unlike any other election in American history.
According to Jim Rickards there is a new deal with the Saudi’s to replace the old deal.
“The U.S. and Saudi Arabia are currently in negotiations on a new financial and security arrangement that would supersede the old petrodollar deal. … In short, not much would change from the current petrodollar deal except for the enhanced security guarantees.“
https://dailyreckoning.com/did-the-saudis-just-kill-the-dollar/
Dan, good points on the MARKET SECTOR. Bill, your points and rhetoric regarding OUR COUNTRY (USA) are well known and you have repeated all many times. What is your point?? Most of us have read a good bit of history and understand that all before the U.S.A. that grew to great prosperity went the same way we are going, mankind has not changed in thousands of years we rename the process and think we are smart and "IT" will be different this time. Maybe you need to look for a different subject or suggest a fix to undue the current ISSUES.
RALPH W.
When it comes to politics, Bonner has a lot of gripes and no solutions. He insists on writing a column five days a week: hence, repetition. I don't look for insights from him on politics - there are so many others that are much better.
JG; Then go on another site and watch it. We won’t miss you.
I’ll miss you John…..
J. Gallien: Okay, someone will miss you!
Hey, Dorothy, you got a like. You could probably count your likes on one hand. You're the one who won't be missed.
It's amazing. The one topic that practically all "so called" market experts on Fox and all other business shows on TV barely ever mention is our 35 trillion debt (and growing). To listen to these "experts", our markets are not just going to the moon but well beyond Mars, maybe with a slight correction. Come to think of it, they may be right. Valued in worthless currency, our markets may even get to Venus, stacked on future worthless thousand dollar bills. Since I'm one of Bill's "old" but poor readers, I have invested in small gold royalty companies (with good management) over the years. They most always go up considerably higher than gold, during similar time frames, as now.
When Zimbabwe's currency was heading wildly out of control a few years back, with bank notes of $50billion and more, their share-market was absolutely gangbusters, so in the current environment share values may not be the best measure of how well things are doing for sure Kenneth
I had a $1 Trillion dollar Zimbawbe note once which I passed off to G.Edward Griffin when visiting a money talk symposium in Seattle. He s asked if I felt rich. : )
Our "country is in decline " ship has sailed. There is no stopping it. It is over. The future will be what it will be. It may be time to find another subject. Don't forget to vote!
Its funny really I suppose $1,000,000,000,000 is a lot of money but when you think 100X that, thats an incredible amount. Could it get bigger?
The aphorism; "gold is for kings, silver is for gentleman, bater for peasents but debt, is for slaves."
I like Bill B and Doug Casey, thinking of them as history teachers 50 years from now. Excellent observations guys. But for those of us who are merely affluent or middle class, who must live here on the surface, the next twenty years, and beyond for our progeny, are kind of important. I think Dan and Tom are keeping their eyes on that ball pretty well. Some people made it out of the Roman Empire in good shape. If someone like Trump can hold off the full collapse a little longer, I like it. Whereas....
Following the fall of the Roman Empire was the Dark Ages a term for the Early Middle Ages ( c. 5th–10th centuries).
It is characterised by technological, economic, intellectual, and cultural decline. Don't think we would like those 500 years even if we made it out in "good shape" lol.
Clem, keep your fingers crossed. Maybe we could exchange things with each other, some peat for heat, maybe an ass for getting around. I won't tell how many asses you have, if you won't tell on me.
Not sure about the asses but ok, deal!
When you get desperate your will love an Ass :-)
The slogan “long term solutions” is about as definable as hate speech or social justice.
The rest of the world has rarely if ever has been moral or ethical. I do not care what they think about us. This includes Bonner.
Lord Trump doesn’t need to cut spending, He takes what He wants, and that’s the American way.
He will balance the budget with the money He brings back to America.
Money that Crooked Joe gives to Russia, Ukraine, Israel, Saudis Arabia, Iran, Lebanon, France, Europe, Africa, and the his endless his list of dirty laundry.
The Son of Fred, The American Savior, Lord Trump is prophecy, a prophetic man sent by God to save the world for a 2nd time, literally.
The blue democratic liberal devils say to Him “Aren’t we right in saying that you are convicted felon?”
Lord Trump answered: “I am not a convicted felon, I honor my country and you dishonor it.”
At this, the Blue Devils grind their teeth and snarl in anger, but President Trump continues to follow the Golden Light of Glory that comes from above.
ES: Not sure that the Golden Light comes from above.
XLE has been mis identified as S&P 500 Energy Sector in the XLE/XLK chart's presentation. What would the Roman Empire look like today if not NATO. We might not speak Latin, but there is a lot of its influence on what we do speak.
The XLE is the S&P energy sector. It was Mislabeled XLK at the beginning of Dan’s message.
Weenie. Still like the wine : )
I think I can relate to Mr Bonner’s outlook and pessimism when it comes to Trump. In my 8 or so years reading his missives one theme seems to stand out and that is good judgement. I politely argue with my politically like minded friends that Trump lacks good judgement or fails to think some critical situations throughly. All Trump had to say during his January 6 speech was “ protest patriotically and peacefully but DO NOT ENTER THE CAPITAL.” Not doing so was poor judgement or he intentionally wanted that outcome. Only he knows. I could cite other situations where he lacked clear good judgement but I’ll leave those situations to the astute reader’s comments I respect and enjoy.
David Mackenzie-Crooks
I much enjoy Mr Bonner's writings for the most part, but take issue with a couple of comments in yesterday's letter.
The US "empire" : what empire? Certainly not in my dictionary's definition, unless you include widespread meddling and military interference in multiple countries. "Most admired" in the 1990s - not by anyone I knew. Well ahead would be Australia, New Zealand, South Africa. "Coolest culture" - no comparison to the real culture of, for instance, of countries like France, Germany and Russia.
By all means be proud, but be realistic.