We’ve seen how ultra-low interest rate policies — favored by both Trump and Harris — benefit elite asset owners, but penalize everyone else. Wall Street gets richer. Main Street gets poorer.
Once you start deficit spending (The Great Society) as a means of vote-buying, you can't stop, if you intend to keep your constituency on the leash. This approach, while immediately expedient, becomes enslavement over time, both to the giver and the recipient. Since no politician wants to face the consequences of having removed the punch bowl, the situation spirals until the entire production fails, and it generally fails spectacularly. At this point, there is literally nothing we can do. Nothing. Happy landing on a chocolate bar! Best always. PM
Mr. Murray, So true, and add to this the third-world invasion. Julia Hahn, a former senior advisor to Pres. Trump, indicated back in 2015 when she was a senior editor at Breitbart, that it's not just illegal aliens who have hurt the U.S., but legal aliens as well. She pointed to studies that showed that legal aliens---from the third-world, which have been the overwhelming majority of legal aliens---have voted consistently for the Dems by a 2-to-1 margin. It's just not the 95%-to-98% of the vote the Dems would receive if illegal aliens, who are overwhelmingly peasants, were ever made citizens. But it's still not a positive thing for a first-world country. She said the reason is that people in third-world countries have been brainwashed for centuries to believe that government is never the problem; it's always something else. So they come over to first-world countries with that heavily-ingrained mentality, never thinking continued big govt. support from most of them could hurt their new first-world homes, as it did to their home countries, which they have, ironically, fled.
Now, what you call vote-buying, which I call debt-for-jobs, is becoming so prevalent, even among white people, that the U.S. seems doomed to a financial collapse, and possibly even a societal collapse. The Fed will address, of course, the financial collapse, by slashing short-term interest rates and digitizing many trillions of out thin air to prop up employment, which when piled upon the massive debt at the time of the collapse, will most certainly cause hyperinflation. But I mostly blame the folks, not solely the politicians, for this mess. Bill just can't bring himself to blame the folks, for some reason. This is a head-scratcher to me. Maybe someday he will explain to readers why he can't do this.
Trump did not start any wars while he was in office. He knocked off a few terrorists, and put a thumb on Iran. He does like low interest rates, but the Federal Reserve is supposed to act wisely and independently. These so called experts Bolton, Esper, Milley, who Trump Fired, are only coming after him, because they failed the elites that they served, and could not get the wars they wanted during his presidency. I pray that he does a better job selecting people this go around. A president who is not running for re-election has a lot more tools in his bag. You wait, congress on both sides will be exposed this time, as they try to satisfy the elites that they serve. If Harris wins, look out, what is going on now will look like a kid's birthday party compared to what is going to happen.
Two large items on that budget chart from above are going to change quickly. The seventeen percent is social security and medicare. The baby boomers are dropping like flies,"dieing for those of you in Yorba Linda CA." That should correct itself substantially. How much do you want to bet though? Our political leaders will spend that money, that doesn't exist, elsewhere. Get rid of the Apartment of education. WOW TRANSLATOR WAS CORRELCT FOR ONCE. I think it's been graced with a new,better term..The "departments" run "apartments." It's been a complete failure. Even libs thinks so. They're chomping at the bit to get the money locally but we can control that. Across the budget cuts 5% first year. 1%.
Each of the next five years we're balanced... Every comment above is correct.We just have to have the political will to do it so maybe it won't take us as long as Argentina. Stop laughing everyone, it's doable.
So what is the BIG DEAL?? All great Empires, Nations, that acquire great prosperity top-out, enter
decline. At the bottom, younger generations (or two) will wake up and replace the thinking driving the
destruction with very old thinking that will look new and try the rebuild. Some time is always required
because of start-stop a few times and maybe a few will need to die to get the builders in place. Maybe, the former high-ground will never be reached but the "NEWBEBES", will not read history or
believe it, therefore they shall think they are great.
Pretty much spot-on Steve. Remember the Byrds song lyrics Turn, drawn from 3 Ecclesiastes. Reluctant to accept change?
Question: How many of us are still using a slide rule today?
What happens when your parent (now known as a “unionized educator”) shows you how to use a handheld calculator that made the slide rule obsolete? Arguably the HP-35. There’s more calculating umph in today’s smart phone than in Cape Canaveral’s Mercury Mission control center.
And it’s too effing bad that Ireland’s population surpassed 5 million for the first time since 1851, indicating a substantial increase due to immigration. The influx of migrants includes individuals from EU Member States and beyond. Aahh ha! U.S.A. has competition.
Maybe, just maybe, the Irish migrants will transform into immigrants and assimilate and will markedly improve Irish Whiskey and a spirits competition will erupt with Scotch Whisky to defeat Japanese knockoff “spirits”. Arguably, one of the best investments based on price appreciation are Japanese Spirits & Liqueurs, followed by rare Scotch whiskies and then (sorry Ireland) American whiskeys.
Don’t let this word trickery mislead.
Watch out for Jalisco, Mexico’s State of “denomination of origin”. There may be reason for a reverse migration to harvest Blue Agave the key ingredient for tequila. Unless a technology comes along and machete welding workers are displaced like longshoremen being conned by Harold Daggett who’s arguably destined for a similar fate to a “last supper” at Machus’ Red Fox for Jimmy Hoffa.
Yes brother, all part of the dumbing down and watering down the populations of the West. The goal is destruction of national sovereignty and logic, and we have currently reached their goal 🤔
Yup common core public education implemented in the last 20 years has dummified the public educated kids where they can't add, subtract, multiply, or understand percentages, and they have no idea how to wite a letter or a paper. The public education of the children masses has solidified this countries down hill slide down the drain. My guess it's all part of the master plan. The scary part is when the Roman's and Greeks societies failed they didn't have nuclear weapons to use as a tool of last salvation and the US deep state does. Just might be their last hurrah... glad to know I have till 2027 to finish moving to Costa Rica.
The real truth is because we are living in a financialized world, any serious attempt to reduce spending will result in a recession.
This means we are living in a financial house of mirrors, more like a fun-house. However, we don't have any real control over the mirrors that will turn against us when we don't expect it to happen.
Very true. I slowly started wondering how the system worked about fifteen years ago when Australia house prices disconnected from wages. (I guess I could have wondered a lot earlier but one’s wondering time is limited raising a family and working)
The only solution as I could see it, was to buy gold and let the inevitable happen.
(Thank you Bill Bonner for your wonderful writings over that time)
I think you're right about the spark, SE, in a, largely, corruption free world KC couldn't beat Gomer Pyle let alone the orange man, so if somehow she does, look out below I'd say, unless, of course, all the fight has gone. Either way though there's still that large mountain looming.
You can't refute what I said because what I said is true. All the court cases where thrown out for procedural reasons and the merits and evidence where never considered. You hate that, because it's the truth. Go pound sand or beat your dog, because you can't prove otherwise.
Yes James, those Thugs are our banana republic government, and even more pronounced in many of our third world democrat cities. These Thugs believe they can rob, steal and take whatever they want because of their democrat political affiliation or color. NY city is a perfect example where an entire administration is corrupt, and they will get away with it because they will be Tried by a Jury of Their Peers. This is how our great nation is collapsing, as we’ve seen with these phony prosecutions of the great Mayor Gulliani in hostile Atlanta and Trump in hostile NY City. Corruption on an unprecedented level. Cities controlled by a corrupt people. Those same corrupt people are your jury. Americans don’t stand a chance. The corrupt live on happily with the theft of our hard earned money. The innocent lose everything. Welcome to the Third World Shithole called America…. Do the Right Thing? Too late my friends…
Obviously, solving our budget problem is rather simple. We just provide the "average" person with the same retirement system that many of our politicians have had for years. In fact it works better than any current investment system in existance, even Warren Buffet's. How! Get elected to the House, Senate or governing party for an extended period and buy the "right" stocks at the "right" time. Not all of them have made use of this wonderful system but those that have, have become multi millionaires. What's amazing is that some of them, have done this, having only their government salaries. How is this miracle accomplished? Very easy! Just know when to buy and when to sell. See, I told you it was the best retirement system ever invented. Once everyone can utilize this system, just think of the amount of taxes they would be paying. Budget crisis solved.!
(tongue firmly in cheek) What is stopping anyone from “… buy the "right" stocks at the "right" time.”?
▫️how many kilos of silver is in a Tomahawk missile?
▫️what outfit(s) make JDAM kits?
▫️ what outfit(s) make armored vehicles and naval systems?
▫️ what outfit(s) develop engineering solutions for defense applications?
▫️ what outfit(s) do aircraft manufacturing as well as unmanned systems?
▫️ what outfit(s) provides various aerospace components and technologies?
▫️ what outfit(s) focus on communication systems, electronic warfare, and avionics?
▫️ what outfit(s) make information technology and defense systems?
▫️ what outfit(s) provides various missile systems and electronic warfare technologies?
▫️ what outfit(s) are heavily involved in defense technology, including sensors and avionics?
Yeah, now everyone wants in on all of these ticker symbols, right. Meh! Sorry, I don’t work for free. Which tickers make up iShares U.S. Aerospace & Defense ETF (ITA)?
You're so right. But, it's not the buying but "exactly" when to buy the specific stock. That means someone "in the know" is "telling" you to buy at the low and sell at the high. Otherwise, you're guaranteed to make money because your government position allows you to implement legislation, as desired by these "Military Industrial Complex" companies. Now, how does the average person beat that system, without a ton of luck.
Your reply is perfect 💯 Mr Dame. IMHO, it is “anytime”. Mostly because as POTUS 34 warned in his farewell address and as you point out about "Military Industrial Complex". Personally, I have not been able to bring myself to invest even though America has a history replete with war examples.
In 1893, American businessmen led by Sanford Dole orchestrated a coup that overthrew Queen Liliʻuokalani of Hawaii with support from U.S. military forces stationed there; this ultimately led to Hawaii’s annexation by the United States in 1898. Root Cause: The McKinley Tariff of 1890.
And every branch of the services does deserve to have what is required for offense and defense. It is safe to say you go to war with the military you have, not that which the general officers want to have. I will stop now before getting too deep into “warmongering bankers“.
**Tarrifs anyone? As Bonner posited on the 8th, “buckle-up”
KD: Never depend on luck! Do your homework…subscribe to several companies that will tell you when to buy and when to sell. There are a lot of good ones around.
We’re probably going to have what happened in Argentina and Brazil in the 1980s with high inflation and vast governmental interference in the economy. Buying gold (and dollars) was far better than the local currency.
The Son of Fred, The American Savior, Lord Trump will sweep the election by landslide numbers. The Mind Control Drone Project has effectively rewired the brain waves of the masses enough to flip 3 blue states and they will be Republican Red on Nov. 5, therefore the Electoral College will add to President’s Trump victory!
Giggles Kamala is a sad sack story, the annoying laugh, face, voice, hand gestures, the drones have microwaved the minds of millions to feel anger and distrust upon those images! Hahaha!
Lucifer Himself giggles in the background within the shadow of the Crow.
The winds of majesty scorn the fires of Heluza, the underwater vessels intensify the whirlpool of destruction. The land based expansion spreads the wings of Zelba. North of Africa is the Lion’s cave, the flashpoint across the night sky sparks the next phase of meduza. It came from the cave.
ES: Have you watched your American Savior lately? He rambles on not making a lot of sense and repeating himself. He demeans Kamala when she is a lot smarter than he is. He continually demean anyone that’s a Democrat. Read his history…you’ll be shocked how bad it is. Rather have Kennedy, and I don’t even like him.
Dorothy! Harris is beyond clueless in just about every factor in Leadership, Safety, Budgeting, World Affairs, War Tactics, Diplomacy, The Economy, Business, The Stock Market, Global Trade, Terrorism, you name it, she has absolutely no clue!
Listening to her speak is like listening to the Mayor of Monowi, Nebraska, with a population census of 1, just a whole bunch of nothing!
Has she ever even been in charge of a budget?
Hahahaha! No! She has absolutely no idea how to manage or lead a budget, let alone the US deficit or world fund.
C’mon! lol
She will vaporize every hard working middle class retirement savings account, 401K, pension, ect… if elected!
She has absolutely no idea on how to budget, allocate, or spend money, that’s a fact, just wait until they ask her, I bet you 1 million dollars she will divert the question with some stupid annoying answer about how she oversaw Californian budgets, which quiet frankly is a bunch of horse dip, because they were always in the red and she never made one decision on budgeting by herself! Hahaha!
There is no other choice out there, even if you were to line up every single Republican in the US of A, the clear choice would still be Lord Trump! Wooo!
J. Trudeau is smarter then Harris. Coming to realize someone who has been elected as prime minister of a multi cultural third world shit hole invited kin of his ilk and confirmed when the PM was asked how this administration would balance the budget. His answer? "The budget would balance itself". Cackling Harris and Truedirt equal in the criminal class dept unable to resist dishonesty. Any individual who seeks office, seeks to participate in the wholesale looting. Enough said.
ES: And you think Trump knows how to budget or allocate? But he does know how to spend money. You know I heard the same thing about Trump if he gets elected. Have you watched Trump lately??? He goes off on tangents and loses tract of what he was saying. As far as vaporizing retirement savings account, 401K, pensions, etc.I understand that the Fed will be responsible that happens since it is their plan called FedNow Service built by the Federal Reserve. Wooo!Hooo! They (the Fed) seem to think that will be the solution for everything!
Trump is the richest most powerful man on earth, Lord Trump in the flesh. If any of the things they say about him were true, then He would be in jail, but He’s not, free as a bird and richer than Ritchie! lol. It’s very simple, who would you take advice from, Harris or President Trump, that’s a no brainier! People who say Harris or any Jewish person that votes for Harris should have their head examined. President Trump’s methods are tested and true, they stand the test of time. Everything else is fluff and filler, fabricated to distract the feeble minded.
President Trump is the Real Big Slim Dog, The Great White American Hope!
People hate on righteousness just like in Biblical times.
Lord Trump should play this song at His next rally! 😂
“Yeah, what up, Detroit?
Nu-uh, nu-uh nuh, no, he didn't (Ah)
They didn't do it again (What-what, you what?)
You fitted on these wiggles two times, Dr. Dre?
Oh, fo' sho'
Uh-uh, naw, you smell that?
This is special right here (What-what, what-what-what?)
NICE! Now like verse 3 in the song “All jokes aside, come bounce with us” 😃
Vote for The Son of Fred, The American Savior Dorothy, President Trump! Wooo! In theory, we only live once, so why not make the next 4 years of your life the best ever, bar none! 🤩
ES: Evidently you are shy about reading Trump’s history…Not good. He will NEVER make America great again…It’s so sad that he seems to get away with everything that no one else could. You really think that Trump can manage our economy? Let’s see: Trump has had: Filing bankruptcy six times;University fraud,Charity fraud, Willful retention of National Defense info., Incitement of fatal violence at US capital (1-6), Concealing documents, twice impeached, a convicted felon and the list goes on and on. By the way, do you really think Trump knows how to budget, allocate money?? He definitely knows how to spend it. There is more, but a little info for you to think about. How a great day! Wooo!
You don't become a billionaire by spending more than you take in. When you're a serial entrepreneur not all of your ventures are going to be successful. The important point about Trump's (or anyone else's) is what did he/they do after failing? It's why people like you are so blinded by hate and jealousy for Trump. He didn't let setbacks derail him. And Harris? She pursued the only industry where you don't have to be good or successful to be promoted: GOVERNMENT. So pathetic.
Dot, I'm not to sure Kamala is a whole lot smarter than Trump. I haven't seen much that would tell me different yet. Admittedly, he's not a wizard either but has more respect than the non accomplished DEI selection Harris. My fear is Harris is not respected in the world as a leader and she will be man handled like a cheap suite on the wirld stage. China will definitely take Taiwan if she is elected under her watch, take that to the bank.
Mark, Maybe Trump doesn’t have all the respect that you just expressed. Trump seems to do nothing but regurgitate the same old lies. Most candidates have to prove themselves and I think she's a smart well educated candidate. You don't know what they really think about her or Trump for that matter. We should give her a chance, if elected.
Steve L., you missed the point regarding history. IT BE THE GREAT PROSPERITY OF ANY GREAT
COUNTRY!! Naming Bush, or Roosevelt, or most anyone in between is mute. Makes you read the
same as Bonner. Our great prosperity really got a jump up after WII, the trend was set and now we see the topping out. History is not ANYTHING of the recent 200 years, if you want to learn try a couple of THOUSAND YEARS past, that is a start.
Understand what you’re saying Ralph. Just saying that the "NEWBEBES"are probably the dumbest in world History. Fully indoctrinated and brainwashed with very poor education or knowledge. Humanity has rarely learned a thing from true history, because “truth and facts” have been so distorted that we will never know most factual history of the past Thousand Years…
"each aims to make it worse with some combination of 𝙩𝙖𝙭 𝙘𝙪𝙩𝙨 and spending increases. "
C'mon Bill - why do you consistently pooh-pooh Tax Cuts when they are proven to stimulate economic growth, time after time? Several of us posted links with the proof of this statement several weeks ago when Bill last trash-talked tax cuts.
I notice that you made the statement above early on, then spent the remainder of the article talking about the evil of low interest rates & out-of-control spending. While I agree (somewhat) with those sentiments, why no follow-up "proof" to justify your opinion about tax cuts being a bad thing?
Would LOVE to hear your rationale and can't wait to see if you actually have a point in saying that -beyond just spewing it out there because your nemesis Donald J. loudly and proudly touts his tax cut platform. Y'know - the same scheme that actually 𝘄𝗼𝗿𝗸𝗲𝗱 for the American people and businesses last time.
I'll type this slowly for you, sir. No shit, but I appreciate your snarky assumption that I can't figure out what Bill is saying - my point is that he never offers any "proof" that tax cuts don't work (despite reams of Historical evidence), and he never touts any of the benefits. And this is not the first time he has been so one-sided on this issue - the last being just a couple of weeks ago.
It is beyond obvious we need to reduce/freeze spending. That ain't likely to happen under either party, so I'll take the tax cuts we can get...
Thank you for this link. The author may not have it completely right, but he has the right idea. The situation is beyond fixing. It will have to fail on its own. We can't tell whether that's mere days or centuries. There is nothing the average individual can do. This is why Cuba is as it is after nearly 70 years, even though prior regimes were deemed "intolerable" and turned over within a decade. This is why the United States has been declining for the same 70 years. The Insiders eventually bring it all to ruin; no one knows the timetable or what the catalyst might be. If it had not been for the Grand Outlier period of post-war America, when we had no serious competition in the world, we might not be so shocked at all of this. Best always. PM
The elite and its body or council are not destined in this world for long. End the Fed and it all comes to a grinding halt.
One last comment, if anyone could potentially steer the US from the fiscal monetary calamity toward a positive outcome I believe D. Trump could pull it off. After all he knows a thing or two about bankruptcy. Kamala? Forget about it infact I would pack my bags as soon as the results came in.
Yes, the USA made the final turn with Bill Clinton. It was likely inevitable, and once made, irrevocable. Obama sealed our fate. The only variable is time, and the time is unknown. Could be days; could be centuries. Best always. PM
Glad to know I’m rubbing shoulders with elites when I shop Walmart. I wouldn’t have guessed.
yes, I wonder if we will ever see Bill Bonner at the local Walmart??
I do like his insights. I'm pretty sure I saw her in the $1000 bottle of wine section at Walmart, or was it Sam's?
Once you start deficit spending (The Great Society) as a means of vote-buying, you can't stop, if you intend to keep your constituency on the leash. This approach, while immediately expedient, becomes enslavement over time, both to the giver and the recipient. Since no politician wants to face the consequences of having removed the punch bowl, the situation spirals until the entire production fails, and it generally fails spectacularly. At this point, there is literally nothing we can do. Nothing. Happy landing on a chocolate bar! Best always. PM
Mr. Murray, So true, and add to this the third-world invasion. Julia Hahn, a former senior advisor to Pres. Trump, indicated back in 2015 when she was a senior editor at Breitbart, that it's not just illegal aliens who have hurt the U.S., but legal aliens as well. She pointed to studies that showed that legal aliens---from the third-world, which have been the overwhelming majority of legal aliens---have voted consistently for the Dems by a 2-to-1 margin. It's just not the 95%-to-98% of the vote the Dems would receive if illegal aliens, who are overwhelmingly peasants, were ever made citizens. But it's still not a positive thing for a first-world country. She said the reason is that people in third-world countries have been brainwashed for centuries to believe that government is never the problem; it's always something else. So they come over to first-world countries with that heavily-ingrained mentality, never thinking continued big govt. support from most of them could hurt their new first-world homes, as it did to their home countries, which they have, ironically, fled.
Now, what you call vote-buying, which I call debt-for-jobs, is becoming so prevalent, even among white people, that the U.S. seems doomed to a financial collapse, and possibly even a societal collapse. The Fed will address, of course, the financial collapse, by slashing short-term interest rates and digitizing many trillions of out thin air to prop up employment, which when piled upon the massive debt at the time of the collapse, will most certainly cause hyperinflation. But I mostly blame the folks, not solely the politicians, for this mess. Bill just can't bring himself to blame the folks, for some reason. This is a head-scratcher to me. Maybe someday he will explain to readers why he can't do this.
Frank, great piece! Just remember what Mammy Yokum, voiced by Al Capp, said: "Them's what has gits." Thanks and best always. PM
True. Nothing we can do because too many Republicans (conservatives) are cowards.
They're complicit. But,yes, they are also cowards, maybe realist cowards, though. Best always. PM
Exactly, nothing You can do. I think somebody said it today, "hang on"
Trump did not start any wars while he was in office. He knocked off a few terrorists, and put a thumb on Iran. He does like low interest rates, but the Federal Reserve is supposed to act wisely and independently. These so called experts Bolton, Esper, Milley, who Trump Fired, are only coming after him, because they failed the elites that they served, and could not get the wars they wanted during his presidency. I pray that he does a better job selecting people this go around. A president who is not running for re-election has a lot more tools in his bag. You wait, congress on both sides will be exposed this time, as they try to satisfy the elites that they serve. If Harris wins, look out, what is going on now will look like a kid's birthday party compared to what is going to happen.
Two large items on that budget chart from above are going to change quickly. The seventeen percent is social security and medicare. The baby boomers are dropping like flies,"dieing for those of you in Yorba Linda CA." That should correct itself substantially. How much do you want to bet though? Our political leaders will spend that money, that doesn't exist, elsewhere. Get rid of the Apartment of education. WOW TRANSLATOR WAS CORRELCT FOR ONCE. I think it's been graced with a new,better term..The "departments" run "apartments." It's been a complete failure. Even libs thinks so. They're chomping at the bit to get the money locally but we can control that. Across the budget cuts 5% first year. 1%.
Each of the next five years we're balanced... Every comment above is correct.We just have to have the political will to do it so maybe it won't take us as long as Argentina. Stop laughing everyone, it's doable.
Ordered my rainbow flag today...
So what is the BIG DEAL?? All great Empires, Nations, that acquire great prosperity top-out, enter
decline. At the bottom, younger generations (or two) will wake up and replace the thinking driving the
destruction with very old thinking that will look new and try the rebuild. Some time is always required
because of start-stop a few times and maybe a few will need to die to get the builders in place. Maybe, the former high-ground will never be reached but the "NEWBEBES", will not read history or
believe it, therefore they shall think they are great.
RALPH W.
Yes Ralph, all part of the Bush’s “No child left behind” policy or the real agenda, the dumbing down of America. Worked perfectly!
Pretty much spot-on Steve. Remember the Byrds song lyrics Turn, drawn from 3 Ecclesiastes. Reluctant to accept change?
Question: How many of us are still using a slide rule today?
What happens when your parent (now known as a “unionized educator”) shows you how to use a handheld calculator that made the slide rule obsolete? Arguably the HP-35. There’s more calculating umph in today’s smart phone than in Cape Canaveral’s Mercury Mission control center.
And it’s too effing bad that Ireland’s population surpassed 5 million for the first time since 1851, indicating a substantial increase due to immigration. The influx of migrants includes individuals from EU Member States and beyond. Aahh ha! U.S.A. has competition.
Maybe, just maybe, the Irish migrants will transform into immigrants and assimilate and will markedly improve Irish Whiskey and a spirits competition will erupt with Scotch Whisky to defeat Japanese knockoff “spirits”. Arguably, one of the best investments based on price appreciation are Japanese Spirits & Liqueurs, followed by rare Scotch whiskies and then (sorry Ireland) American whiskeys.
Don’t let this word trickery mislead.
Watch out for Jalisco, Mexico’s State of “denomination of origin”. There may be reason for a reverse migration to harvest Blue Agave the key ingredient for tequila. Unless a technology comes along and machete welding workers are displaced like longshoremen being conned by Harold Daggett who’s arguably destined for a similar fate to a “last supper” at Machus’ Red Fox for Jimmy Hoffa.
Cheers
Mark
Yes brother, all part of the dumbing down and watering down the populations of the West. The goal is destruction of national sovereignty and logic, and we have currently reached their goal 🤔
If they cave into Daggett's "no new automation" demand the American economy is doomed.
Yup common core public education implemented in the last 20 years has dummified the public educated kids where they can't add, subtract, multiply, or understand percentages, and they have no idea how to wite a letter or a paper. The public education of the children masses has solidified this countries down hill slide down the drain. My guess it's all part of the master plan. The scary part is when the Roman's and Greeks societies failed they didn't have nuclear weapons to use as a tool of last salvation and the US deep state does. Just might be their last hurrah... glad to know I have till 2027 to finish moving to Costa Rica.
Agreed, the repubs and dems only look out for the top 1%. The other 99% are basically serfs to the government.
The real truth is because we are living in a financialized world, any serious attempt to reduce spending will result in a recession.
This means we are living in a financial house of mirrors, more like a fun-house. However, we don't have any real control over the mirrors that will turn against us when we don't expect it to happen.
Very true. I slowly started wondering how the system worked about fifteen years ago when Australia house prices disconnected from wages. (I guess I could have wondered a lot earlier but one’s wondering time is limited raising a family and working)
The only solution as I could see it, was to buy gold and let the inevitable happen.
(Thank you Bill Bonner for your wonderful writings over that time)
Bill describes a long, slow glide into a large mountain not all that far away.
Hi Jimm -
Slow...then all at once. Impact likely prior to the end of November, IMO.
The spark will be the communists attempting to steal the Presidency again...
I think you're right about the spark, SE, in a, largely, corruption free world KC couldn't beat Gomer Pyle let alone the orange man, so if somehow she does, look out below I'd say, unless, of course, all the fight has gone. Either way though there's still that large mountain looming.
SE: Trump LOST…Get over it!
Trump lost a ballot count. Which doesn't mean he lost an election. Wise up!
DJ: You wise up! Anyone can say they didn’t lose the election. Trump can’t stand to lose anything and would never own up to anything but winning.
You can't refute what I said because what I said is true. All the court cases where thrown out for procedural reasons and the merits and evidence where never considered. You hate that, because it's the truth. Go pound sand or beat your dog, because you can't prove otherwise.
BT.. What can we do about it?
just wait until Nov 5-Jan 6.
Then you will do what you everyone woild do when confronted by a thug trying to steal your Rolex.
Fight, Flee, or worse yet Freeze!
If you’ve ever been in this situation you already know “what you can (& will) do!
Yes James, those Thugs are our banana republic government, and even more pronounced in many of our third world democrat cities. These Thugs believe they can rob, steal and take whatever they want because of their democrat political affiliation or color. NY city is a perfect example where an entire administration is corrupt, and they will get away with it because they will be Tried by a Jury of Their Peers. This is how our great nation is collapsing, as we’ve seen with these phony prosecutions of the great Mayor Gulliani in hostile Atlanta and Trump in hostile NY City. Corruption on an unprecedented level. Cities controlled by a corrupt people. Those same corrupt people are your jury. Americans don’t stand a chance. The corrupt live on happily with the theft of our hard earned money. The innocent lose everything. Welcome to the Third World Shithole called America…. Do the Right Thing? Too late my friends…
Obviously, solving our budget problem is rather simple. We just provide the "average" person with the same retirement system that many of our politicians have had for years. In fact it works better than any current investment system in existance, even Warren Buffet's. How! Get elected to the House, Senate or governing party for an extended period and buy the "right" stocks at the "right" time. Not all of them have made use of this wonderful system but those that have, have become multi millionaires. What's amazing is that some of them, have done this, having only their government salaries. How is this miracle accomplished? Very easy! Just know when to buy and when to sell. See, I told you it was the best retirement system ever invented. Once everyone can utilize this system, just think of the amount of taxes they would be paying. Budget crisis solved.!
(tongue firmly in cheek) What is stopping anyone from “… buy the "right" stocks at the "right" time.”?
▫️how many kilos of silver is in a Tomahawk missile?
▫️what outfit(s) make JDAM kits?
▫️ what outfit(s) make armored vehicles and naval systems?
▫️ what outfit(s) develop engineering solutions for defense applications?
▫️ what outfit(s) do aircraft manufacturing as well as unmanned systems?
▫️ what outfit(s) provides various aerospace components and technologies?
▫️ what outfit(s) focus on communication systems, electronic warfare, and avionics?
▫️ what outfit(s) make information technology and defense systems?
▫️ what outfit(s) provides various missile systems and electronic warfare technologies?
▫️ what outfit(s) are heavily involved in defense technology, including sensors and avionics?
Yeah, now everyone wants in on all of these ticker symbols, right. Meh! Sorry, I don’t work for free. Which tickers make up iShares U.S. Aerospace & Defense ETF (ITA)?
You’re welcome prospective unelected almost-millionaire serfs.
M
You're so right. But, it's not the buying but "exactly" when to buy the specific stock. That means someone "in the know" is "telling" you to buy at the low and sell at the high. Otherwise, you're guaranteed to make money because your government position allows you to implement legislation, as desired by these "Military Industrial Complex" companies. Now, how does the average person beat that system, without a ton of luck.
Your reply is perfect 💯 Mr Dame. IMHO, it is “anytime”. Mostly because as POTUS 34 warned in his farewell address and as you point out about "Military Industrial Complex". Personally, I have not been able to bring myself to invest even though America has a history replete with war examples.
In 1893, American businessmen led by Sanford Dole orchestrated a coup that overthrew Queen Liliʻuokalani of Hawaii with support from U.S. military forces stationed there; this ultimately led to Hawaii’s annexation by the United States in 1898. Root Cause: The McKinley Tariff of 1890.
And every branch of the services does deserve to have what is required for offense and defense. It is safe to say you go to war with the military you have, not that which the general officers want to have. I will stop now before getting too deep into “warmongering bankers“.
**Tarrifs anyone? As Bonner posited on the 8th, “buckle-up”
Mark
** https://www.mining.com/mining-stocks-may-drop-20-if-us-tariffs-imposed-jpmorgan/?_bhlid=cade381befdc0fd837f1c5bb4048983f583debe9
KD: Never depend on luck! Do your homework…subscribe to several companies that will tell you when to buy and when to sell. There are a lot of good ones around.
I just checked earlier today:
VOO up 23.17% YTD
ITA up 21.44% YTD
Maybe when SHTF ITA will go down less than VOO.
KD: Yes, this has been going on for a very long time. It's way past time we fixed this problem.
We’re probably going to have what happened in Argentina and Brazil in the 1980s with high inflation and vast governmental interference in the economy. Buying gold (and dollars) was far better than the local currency.
Hunker down!
The Son of Fred, The American Savior, Lord Trump will sweep the election by landslide numbers. The Mind Control Drone Project has effectively rewired the brain waves of the masses enough to flip 3 blue states and they will be Republican Red on Nov. 5, therefore the Electoral College will add to President’s Trump victory!
Giggles Kamala is a sad sack story, the annoying laugh, face, voice, hand gestures, the drones have microwaved the minds of millions to feel anger and distrust upon those images! Hahaha!
Lucifer Himself giggles in the background within the shadow of the Crow.
The winds of majesty scorn the fires of Heluza, the underwater vessels intensify the whirlpool of destruction. The land based expansion spreads the wings of Zelba. North of Africa is the Lion’s cave, the flashpoint across the night sky sparks the next phase of meduza. It came from the cave.
ES: Have you watched your American Savior lately? He rambles on not making a lot of sense and repeating himself. He demeans Kamala when she is a lot smarter than he is. He continually demean anyone that’s a Democrat. Read his history…you’ll be shocked how bad it is. Rather have Kennedy, and I don’t even like him.
Dorothy! Harris is beyond clueless in just about every factor in Leadership, Safety, Budgeting, World Affairs, War Tactics, Diplomacy, The Economy, Business, The Stock Market, Global Trade, Terrorism, you name it, she has absolutely no clue!
Listening to her speak is like listening to the Mayor of Monowi, Nebraska, with a population census of 1, just a whole bunch of nothing!
Has she ever even been in charge of a budget?
Hahahaha! No! She has absolutely no idea how to manage or lead a budget, let alone the US deficit or world fund.
C’mon! lol
She will vaporize every hard working middle class retirement savings account, 401K, pension, ect… if elected!
She has absolutely no idea on how to budget, allocate, or spend money, that’s a fact, just wait until they ask her, I bet you 1 million dollars she will divert the question with some stupid annoying answer about how she oversaw Californian budgets, which quiet frankly is a bunch of horse dip, because they were always in the red and she never made one decision on budgeting by herself! Hahaha!
There is no other choice out there, even if you were to line up every single Republican in the US of A, the clear choice would still be Lord Trump! Wooo!
I was going to say, even
J. Trudeau is smarter then Harris. Coming to realize someone who has been elected as prime minister of a multi cultural third world shit hole invited kin of his ilk and confirmed when the PM was asked how this administration would balance the budget. His answer? "The budget would balance itself". Cackling Harris and Truedirt equal in the criminal class dept unable to resist dishonesty. Any individual who seeks office, seeks to participate in the wholesale looting. Enough said.
Hahaha! Truedirt and Newscum should hang out!
Even Kevin Trudeau, the con artist salesman is smarter than Hee-Hee Harris!
ES: And you think Trump knows how to budget or allocate? But he does know how to spend money. You know I heard the same thing about Trump if he gets elected. Have you watched Trump lately??? He goes off on tangents and loses tract of what he was saying. As far as vaporizing retirement savings account, 401K, pensions, etc.I understand that the Fed will be responsible that happens since it is their plan called FedNow Service built by the Federal Reserve. Wooo!Hooo! They (the Fed) seem to think that will be the solution for everything!
Trump is the richest most powerful man on earth, Lord Trump in the flesh. If any of the things they say about him were true, then He would be in jail, but He’s not, free as a bird and richer than Ritchie! lol. It’s very simple, who would you take advice from, Harris or President Trump, that’s a no brainier! People who say Harris or any Jewish person that votes for Harris should have their head examined. President Trump’s methods are tested and true, they stand the test of time. Everything else is fluff and filler, fabricated to distract the feeble minded.
President Trump is the Real Big Slim Dog, The Great White American Hope!
People hate on righteousness just like in Biblical times.
Lord Trump should play this song at His next rally! 😂
“Yeah, what up, Detroit?
Nu-uh, nu-uh nuh, no, he didn't (Ah)
They didn't do it again (What-what, you what?)
You fitted on these wiggles two times, Dr. Dre?
Oh, fo' sho'
Uh-uh, naw, you smell that?
This is special right here (What-what, what-what-what?)
Yeah, it's a toast to the boogie, baby, uh
To the boogie-oogie-oogie (Aw, yeah)
Ya know, what's crackin', Dre? Hi
[Xzibit]
2001 and forever
Slim Shady, Dr. Dre
Snoop Dogg, X to the Z
Nate Dogg, come on, yeah”
ES: Good try! However, I did like your song. I think you have an undiscovered talent. Keep working on it.
LOL!
NICE! Now like verse 3 in the song “All jokes aside, come bounce with us” 😃
Vote for The Son of Fred, The American Savior Dorothy, President Trump! Wooo! In theory, we only live once, so why not make the next 4 years of your life the best ever, bar none! 🤩
ES: Evidently you are shy about reading Trump’s history…Not good. He will NEVER make America great again…It’s so sad that he seems to get away with everything that no one else could. You really think that Trump can manage our economy? Let’s see: Trump has had: Filing bankruptcy six times;University fraud,Charity fraud, Willful retention of National Defense info., Incitement of fatal violence at US capital (1-6), Concealing documents, twice impeached, a convicted felon and the list goes on and on. By the way, do you really think Trump knows how to budget, allocate money?? He definitely knows how to spend it. There is more, but a little info for you to think about. How a great day! Wooo!
You don't become a billionaire by spending more than you take in. When you're a serial entrepreneur not all of your ventures are going to be successful. The important point about Trump's (or anyone else's) is what did he/they do after failing? It's why people like you are so blinded by hate and jealousy for Trump. He didn't let setbacks derail him. And Harris? She pursued the only industry where you don't have to be good or successful to be promoted: GOVERNMENT. So pathetic.
Dot, I'm not to sure Kamala is a whole lot smarter than Trump. I haven't seen much that would tell me different yet. Admittedly, he's not a wizard either but has more respect than the non accomplished DEI selection Harris. My fear is Harris is not respected in the world as a leader and she will be man handled like a cheap suite on the wirld stage. China will definitely take Taiwan if she is elected under her watch, take that to the bank.
Mark, Maybe Trump doesn’t have all the respect that you just expressed. Trump seems to do nothing but regurgitate the same old lies. Most candidates have to prove themselves and I think she's a smart well educated candidate. You don't know what they really think about her or Trump for that matter. We should give her a chance, if elected.
Steve L., you missed the point regarding history. IT BE THE GREAT PROSPERITY OF ANY GREAT
COUNTRY!! Naming Bush, or Roosevelt, or most anyone in between is mute. Makes you read the
same as Bonner. Our great prosperity really got a jump up after WII, the trend was set and now we see the topping out. History is not ANYTHING of the recent 200 years, if you want to learn try a couple of THOUSAND YEARS past, that is a start.
RALPH W.
Understand what you’re saying Ralph. Just saying that the "NEWBEBES"are probably the dumbest in world History. Fully indoctrinated and brainwashed with very poor education or knowledge. Humanity has rarely learned a thing from true history, because “truth and facts” have been so distorted that we will never know most factual history of the past Thousand Years…
"each aims to make it worse with some combination of 𝙩𝙖𝙭 𝙘𝙪𝙩𝙨 and spending increases. "
C'mon Bill - why do you consistently pooh-pooh Tax Cuts when they are proven to stimulate economic growth, time after time? Several of us posted links with the proof of this statement several weeks ago when Bill last trash-talked tax cuts.
I notice that you made the statement above early on, then spent the remainder of the article talking about the evil of low interest rates & out-of-control spending. While I agree (somewhat) with those sentiments, why no follow-up "proof" to justify your opinion about tax cuts being a bad thing?
Would LOVE to hear your rationale and can't wait to see if you actually have a point in saying that -beyond just spewing it out there because your nemesis Donald J. loudly and proudly touts his tax cut platform. Y'know - the same scheme that actually 𝘄𝗼𝗿𝗸𝗲𝗱 for the American people and businesses last time.
Go ahead, we'll wait...
Read the full sentence again, slowly this time. If you still don't get it, repeat until you do.
Tax cuts only work if there are spending cuts otherwise the interest on the resulting debt offsets the benefit of any increase in tax revenue.
Or if you want an analogy "you can't out train a bad diet".
I'll type this slowly for you, sir. No shit, but I appreciate your snarky assumption that I can't figure out what Bill is saying - my point is that he never offers any "proof" that tax cuts don't work (despite reams of Historical evidence), and he never touts any of the benefits. And this is not the first time he has been so one-sided on this issue - the last being just a couple of weeks ago.
It is beyond obvious we need to reduce/freeze spending. That ain't likely to happen under either party, so I'll take the tax cuts we can get...
Just another "too clever by half" liberal (or a confused conservative).
Other opinions are available, if you don't like his opinions, find others. Either way stop greeting like a wee lassie.
If you don't like what I type, don't read the words. Sir...
I believe this guy about who “The Elites” really are: https://intelligencer.today/the-council-who-is-running-the-united-states-of-america/18/07/2024/8132/
Thank you for this link. The author may not have it completely right, but he has the right idea. The situation is beyond fixing. It will have to fail on its own. We can't tell whether that's mere days or centuries. There is nothing the average individual can do. This is why Cuba is as it is after nearly 70 years, even though prior regimes were deemed "intolerable" and turned over within a decade. This is why the United States has been declining for the same 70 years. The Insiders eventually bring it all to ruin; no one knows the timetable or what the catalyst might be. If it had not been for the Grand Outlier period of post-war America, when we had no serious competition in the world, we might not be so shocked at all of this. Best always. PM
That was quite the expose'.
The elite and its body or council are not destined in this world for long. End the Fed and it all comes to a grinding halt.
One last comment, if anyone could potentially steer the US from the fiscal monetary calamity toward a positive outcome I believe D. Trump could pull it off. After all he knows a thing or two about bankruptcy. Kamala? Forget about it infact I would pack my bags as soon as the results came in.
I mentally packed when Obama won in 2008. What better proof of our having gone crazy? We won't even talk about 2012...Best always. PM
https://www.myrmikan.com/pub/Myrmikan_Research_2024_10_10.pdf
Yes, the USA made the final turn with Bill Clinton. It was likely inevitable, and once made, irrevocable. Obama sealed our fate. The only variable is time, and the time is unknown. Could be days; could be centuries. Best always. PM
“Duration Risk”
True Paul, “… only variable is time, and the time is unknown…”
Regards,
Mark
https://tinyurl.com/mr4d6dsy