16 Comments

Bill,

Your 6 sentences beginning with “The Fed is no master mechanic, no magician, no expert technician…” are priceless. Through corruption, bureaucracy or incompetence, or a combination of all 3, those 6 sentences could be written about every agency of the Federal government today and most at the State level. There is no value added, only value destroyed.

This is the Administrative State. It is Leviathan in our time. It roams about, seeking whom it will devour. It destroys everything it touches, either quickly or slowly.

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Bill is a value man, the building of real, incremental value. Today, I ate at “Another Broken Egg” in Lakewood Ranch, FL. Never heard of it before, it was full, closes at 2:00 PM, average cost, $15. They have a bar. Then I went to Sam’s Club, shelves full. Along the interstate on the way back home there was construction, marvelous equipment, workers, engineers and I though, ain’t America great.

I don’t know what % is left, but, everyday, some Americans perform valuable miracles that make me awestruck and thankful.

The salt and the yeast are there. You can’t count these people out.

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People are happy in my rural area. Gas coming down, lumber coming down and gardens overflowing with healthy produce to enjoy with family and share with neighbors.

Most of America is doing well and some still have a billion dollars left over to spend on a lottery.

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LWR a pretty vibrant place, great to behold what can be done, let's hope they don't go all the way out to Myakka. If our country would get its act together, we'd see this in more places.

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It is nice to blame the fed, but the real responsibility lies with congress passing TRILLION dollar spending that it does not have. The fed has the fun of trying to generate those dollars out of thin air.

Maybe the way to wake up everyone is to let the interest rate in that debt just go up. And every year along with your social security statement a bill for the interest on the debt.

Or stop paying a salary for congress and the executive branch until they balance the budget.

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The Choco Taco has died, RIP. A truly bad omen for the global economy. 😂

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I saw that too this morning, and I wondered...are they really that stretched on the production line that they can’t do a run of tacos once in a while? Or, did the input prices go up so much, they wouldn’t be able to offset it with a prices increase. I love those tacos, but I ain’t paying $7 for one.

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Hahaha! That sounds about right, $7 dead Washington’s for one taco! I’m out!

I think Klondike is a Bill Bonner subscriber and they took heed to his motto, “inflate or die” and therefore Klondike killed the choco taco!

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Love your daily missives; however, lately your comments are much more difficult to read as the text on my 30" screen continue to extend out to the right to the point I can only see them by making the text smaller to about 1 or 2 point size. Even with my reading glasses and a magnifying glass I can barely read them. This change has happened about 2 months ago and does not always show that way. Many of these problems occur with the emails written by Joel. I would appreciate you looking at the programming and see if some emails use different styles.

Regardless of these problems, I look forward to your wise observations about life, politics, and the economies. You're my first read of the day. Thank you!

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Jul 28, 2022·edited Jul 28, 2022

Again and again Bill continues to blame the Fed for the inflation. Yes, it is undeniable that the Fed is run by the ill witted, as an economist produces nothing, they only know how to read & write their opinions. Opinions are laced with fact, but always subjugated to one's experiences. Never trust someone who doesn't really work, but pontificates on how things should work.

Lost in Bill's repeated mantra of "it's the Fed" is the continued failure to identify this administration's responsibility for all of the rise in fuel pricing. The administration closing the valve on fuel has deteriorated everyone's bottom line, except Mr. Putin who enjoys wild profits to fund his war. Basically, Biden's cronies are funding Putin's war and the attrition of the Ukrainian people at the cost to every American. Fuel is utilized in everything we use/purchase/consume without regard for income.

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It is time to help American families and eliminate Trump's tariffs.

4 years is enough of these failed policies.

https://www.yahoo.com/finance/news/biden-faces-increasing-calls-for-rolling-back-china-tariffs-amid-inflation-195948221.html

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Could you help us understand how "Bonds will probably go down over the next 20 years"? I get it for a short period of time but for 20 years wouldn't that have to mean slow gradual increases in interest rates over those 20 years? How can the Fed possibly get to much over 3% and sustain that for 20 years? Thus my inability to understand your statement? A little help for a friend?

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My guess, is that the fed will lose control,as such over interest rates.

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I suppose Bill means end of a cycle which started in 1970 finished in 2020-2021.

Bill will say “ Le roi est mort vive le Roi “

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deletedJul 27, 2022·edited Jul 27, 2022
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I Know is Wednesday and Tom Dyson will have is weekly bulletin . I have a question the usd dol is bearing a yield of 3 percent for the 2 years

Gold has a yield of 0,75 for the same période

Why is platinum bearing 6,85 percent for the same période ... I know it because I bought platinum foward two years and I had a discount of almost 70 US dollars of the spot price !

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Your comment made me lol. I worked for Kmart from 1972 to 1999. Left when I saw the writing on the wall.

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