What is puzzling to me is, why do people, especially so-called journalists, not say something about this school loan boondoggle. Biden won election by promising these student loan paybacks to over 45 million people. If someone told me they would pay back loans I was not going to pay back, hell, I probably would have voted for him too!! If you ask if he is the most popular vote-getter of all times, this is how it is done. But, no one talks about it. Offer free money to someone, anyone, and I will bet you get 100 participation. That we have mental incompetents running the country seems to only offer small interest in the news media. Train wrecks, food warehouse explosions, dead chickens, egg shortages, phony pandemics that lead to phony vaccines? Dayum, have I seen this movie before? Just sayin'
Yes Don, people deserve the government they have, even this corrupt banana republic one. Government has historically made promises to break, yet they still survive. People forget what just happened last week, so it’s ok to tell a fib now and then, even continually, and still be elected, especially in this banana republic of the Un-United States. Now that the truth is coming out about Covid, Vaccines, Ukraine and January 6th, maybe the sheep will awaken, and demonstrate the proper technique for treasonous acts against our once true Republic. Maybe 🤔
You have to ask yourself to whom belong the Chanel where those journalist works ... there is no more true journalist ( puppets ) in our days in the main media ... there is as much propaganda in the west than I the east ... and they make you swallow but they want you to eat ... you need to work yourself to find a price of true .
Nobody talks about Iraq because when USA liberated the nation from the bad guy Saddam H. The democratic election that followed ended with the Shia Muslim (Iranian) majority electing an Iranian to lead the nation. Subsequently, the new good guys now running the show decided the best course was to murder the Sunni minority. This did not set well with the Sunni minority who ran the government and military under Saddam. These bad guys decided to band together as ISIS. Iraq is now controlled part and parcel by Iran. Saddam was formerly our ally (good guys) especially while attacking Iran (BG). Alas, Saddam thought USA as an ally gave him license to act like a bad guy (like the USA) and attack Kuwait and gas the Kurds. George Bush senior gave him a whooping for attacking Kuwait, Saddam didn't like us so much and turned to the Russians earning bad guy status. The fun part is in the details, USA was funding Iran to attack ISIS (Saddam's guys) while also funding ISIS to attack Iran. We funded the Taliban to attack Russian in Afghanistan and later the Taliban (Pakistans secret army) attacked Pakistan and destabilizing the nation. Back before we made the Taliban the good guys against the Soviets, we funded the nuclear program in Iran. Not to worry Israel injected a computer virus into the Iranian centrifuges used to enrich uranium shutting down the program. Not to worry Siemens a German company cured the virus to get Iran's nuclear bomb program back on track.
Ally status with the USA can mean you're a good guy or a bad guy, either way you'll get lots of loot to make the world a lot less safer for everybody.
What if the Russian had helped Hillary win the election? Would Chelsea be on the board of Barisma?
We might have a whole host of new good and bad guys to hate and love.
Also, as Bill & Team have observed in the past, credit card debt is at an all time high, which they interpret as dipping into savings to maintain a standard of living.
When the Fed raises rates, it will make using this tactic more costly for credit card users; by implication, too costly for many. And if the Fed raises rates high enough to squash inflation, it will also quash jobs too and, in the process, diminish tax revenue state, local and the Federal governments need.
My two cents: The Fed better dish out this painful medicine at a faster pace. The longer it takes, the more likely its inflation-killing, job-destroying tactic will become the single largest reason the current Administration will be replaced.
After all, since politicians are elected because of what they promise to give voters, it will be easier for the party out of power to assert they can do a better job than the incumbents.
But whichever party wins, I hope its leaders appreciate that wars are hideously expensive. I don't think the US can afford another. Better if our flag follows trade; not the sword.
1. "ITS GOING TO PREVENT NUCLEAR WAR. NOT INTERVENING ENSURES NUCLEAR WAR AND DESTRUCTION OF EU AND THEN OUR OWN COUNTRY."
Meh - this statement could easily be true in the obverse. Remains to be seen.
2. "(Home Depot, NEW WINDOWS..... a good investment and needed, and NO BRAINER. OUTSTANDING WINDOWS btw,"
Thanks for that tidbit - I'll check them out in greater depth. I am currently shopping Hurricane Windows for my WPB cottage and with so many quality manufacturers here in SFL, I had kind of discounted Home Depot products and installation services...
I'm hoping gold becomes a hated investment and investors dump their gold for Treasuries and bank CD's. $250 gold would be a nice opportunity. I doubt this will happen unless the percentage of return balances out selling gold bought for $1800.
Gold is one of those contrarian investments, everything appears to be a better investment all the time until it's not, and gold shines.
QE to the moon, inflated RE, Stocks, and crypto. Easy money, until money gets expensive, things balance out and people panic. Panic is the mother's milk of my investment strategy. By low (while other's panic) sell high when the sun is shining bright with money falling out their pockets. During the last RE downturn (panic) I was buying with 100% owner financing. A local politician took offense pointing out another greedy suburban landlord taking advantage. In a letter with my reply, I suggested if not for buyers his constituents would not be able to sell their nightmare property. They'd possibly loose all including their primary residence. Looking back I should have bought gold because quite possibly everyone was selling their gold to pay off debt.
Yes Bill “ The idea wasn’t that Iraq, Iran and North Korea had actually done anything for which they should be penalized; it was that they were “bad guys.” Due to the fact each of the three had no Central Bank, and of course would be the bad guys for our Banking Cartel 🤔
Yes Don, another book written by moronic Man that has failed humanity throughout history🤔…maybe our true God is Only found in our hearts, as we know Man corrupt’s everything he touches, and especially what he writes 😉
Bill, If the truth be told about George W. Bush's terms in office (with his cohorts Cheney and Rumsfeld),I don't think the American people would than picture them as good cowboys on white horses with white cowboy hats promoting Democracy.. Not after the loss of Americans at (9/11),and in the wars of Iraq and Afghanistan. A survey of Main street,America would give true statistics and numbers regarding inflation,unemployment,etc. Let the American people without penalty take all the cash out of their 401K's,IRA's,and pension funds, and than assess the value of Wallstreet and our to big to fail Banks. Only my thoughts.
Whatever happened to the dead cows on Bill's ranch? He's stopped posting any ranch news. I fear he's tired of fighting the Originarios and is selling the place.
Possibly someone or something that controls a lot of gold, and that benefits from that manipulation. Possibly someone or something that has a history of manipulating other markets, like credit and oil. I wish the BPR team would take a deeper dive into this topic. Rickards does to some extent.
Rickards was asked during the BPR presentation last year if gold was being manipulated. He answered: "NO". I agree with Mark1's request for a deeper dive by the BPR team into this topic, because of the ongoing "rumors" of conspiracies / manipulation
There were three things in Rickard’s answer that caught my ear. First: it would take a big player, like a nation-state, to be able to manipulate. Second, he guesstimated a ratio of 100 to 1, paper-gold to actual (Bill Bonner supposed about 10 to 1). And third, he mentioned that gold contracts have a bail-out clause that they can, if necessary, be closed out for cash value rather than actual gold. To me, that’s huge. If all true, it appears that “players” (whoever that might be) can dabble in the gold market with massive leverage and never actually be at risk of having to cough up actual gold. And if the Fed and treasury were playing this game through the “primary investment banks”, it could go on for a very long time. Like they say, “until something breaks”.
“Any idea who or what is suppressing the “Price of Gold”? Yes my brother, I would look right in our backyard, with our incredibly corrupt banks. Research,” American banks, and the price of Silver”…soon my friends 😳 but Any idea who or what is suppressing the “Price of Gold”? unfortunately, you will have nowhere to spend it. Maybe a good time to chat with past survivor’s of the Holocaust 🤔 Right, like our Greatest Generation, there are none left…. Hey, go ask Joe Biden. He’s honest 😵💫
I believe it was Byron King, in one of the BPR interviews, who said you’re likely not going to be happy when gold goes to $10,000. That would mean everything else has gone to hell. I view gold as insurance and a dollar hedge, but not an investment.
Would anyone (Bill, Tom Dan, Joel and subscibers) care to speculate as to the reason/purpose for the continued buying of significant amounts of gold by sovereign governments as noted by Dan last Friday ?
Granted, I am SEVERELY under-educated in this matter, but even a blind pig can find an acorn. Maybe.
How much physical would it take to move your particular Country's currency to a redeemable Gold Standard? I've researched various lists of which Central Banks have been buying the most Gold Bullion over the last three years or so (and accelerating into '23 in many cases) and I'm seeing China, Russia, Turkey, India, among others. Maybe 6+ of the top 10 are BRICS nations?
From the article and good to keep in mind (emphasis mine) -
"Banks including those of Turkey, China, Egypt and Qatar said they bought gold last year. But around 𝘁𝘄𝗼-𝘁𝗵𝗶𝗿𝗱𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗴𝗼𝗹𝗱 𝗯𝗼𝘂𝗴𝗵𝘁 𝗯𝘆 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗯𝗮𝗻𝗸𝘀 𝗹𝗮𝘀𝘁 𝘆𝗲𝗮𝗿 𝘄𝗮𝘀 𝗻𝗼𝘁 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝗽𝘂𝗯𝗹𝗶𝗰𝗹𝘆, the WGC said.
Banks that have not regularly published information about changes in their gold stockpiles include those of China and Russia."
Hmmmm. Not seeing too many "Friends of America" on any listing...
What is puzzling to me is, why do people, especially so-called journalists, not say something about this school loan boondoggle. Biden won election by promising these student loan paybacks to over 45 million people. If someone told me they would pay back loans I was not going to pay back, hell, I probably would have voted for him too!! If you ask if he is the most popular vote-getter of all times, this is how it is done. But, no one talks about it. Offer free money to someone, anyone, and I will bet you get 100 participation. That we have mental incompetents running the country seems to only offer small interest in the news media. Train wrecks, food warehouse explosions, dead chickens, egg shortages, phony pandemics that lead to phony vaccines? Dayum, have I seen this movie before? Just sayin'
Yes Don, people deserve the government they have, even this corrupt banana republic one. Government has historically made promises to break, yet they still survive. People forget what just happened last week, so it’s ok to tell a fib now and then, even continually, and still be elected, especially in this banana republic of the Un-United States. Now that the truth is coming out about Covid, Vaccines, Ukraine and January 6th, maybe the sheep will awaken, and demonstrate the proper technique for treasonous acts against our once true Republic. Maybe 🤔
You have to ask yourself to whom belong the Chanel where those journalist works ... there is no more true journalist ( puppets ) in our days in the main media ... there is as much propaganda in the west than I the east ... and they make you swallow but they want you to eat ... you need to work yourself to find a price of true .
Hi Mr. Harrell -
Glad to see you back in the mix. You were missed...
Tom says hold government T Bills. Perhaps the Fed could default on these? You don’t even get a piece of paper only digits. Who do you trust???
Nobody talks about Iraq because when USA liberated the nation from the bad guy Saddam H. The democratic election that followed ended with the Shia Muslim (Iranian) majority electing an Iranian to lead the nation. Subsequently, the new good guys now running the show decided the best course was to murder the Sunni minority. This did not set well with the Sunni minority who ran the government and military under Saddam. These bad guys decided to band together as ISIS. Iraq is now controlled part and parcel by Iran. Saddam was formerly our ally (good guys) especially while attacking Iran (BG). Alas, Saddam thought USA as an ally gave him license to act like a bad guy (like the USA) and attack Kuwait and gas the Kurds. George Bush senior gave him a whooping for attacking Kuwait, Saddam didn't like us so much and turned to the Russians earning bad guy status. The fun part is in the details, USA was funding Iran to attack ISIS (Saddam's guys) while also funding ISIS to attack Iran. We funded the Taliban to attack Russian in Afghanistan and later the Taliban (Pakistans secret army) attacked Pakistan and destabilizing the nation. Back before we made the Taliban the good guys against the Soviets, we funded the nuclear program in Iran. Not to worry Israel injected a computer virus into the Iranian centrifuges used to enrich uranium shutting down the program. Not to worry Siemens a German company cured the virus to get Iran's nuclear bomb program back on track.
Ally status with the USA can mean you're a good guy or a bad guy, either way you'll get lots of loot to make the world a lot less safer for everybody.
What if the Russian had helped Hillary win the election? Would Chelsea be on the board of Barisma?
We might have a whole host of new good and bad guys to hate and love.
Hi Dennis -
Excellent post - a heapin' spoonful of Reality.
"We might have a whole host of new good and bad guys to hate and love."
Same crowd of low lifes - only the labels change...
Also, as Bill & Team have observed in the past, credit card debt is at an all time high, which they interpret as dipping into savings to maintain a standard of living.
When the Fed raises rates, it will make using this tactic more costly for credit card users; by implication, too costly for many. And if the Fed raises rates high enough to squash inflation, it will also quash jobs too and, in the process, diminish tax revenue state, local and the Federal governments need.
My two cents: The Fed better dish out this painful medicine at a faster pace. The longer it takes, the more likely its inflation-killing, job-destroying tactic will become the single largest reason the current Administration will be replaced.
After all, since politicians are elected because of what they promise to give voters, it will be easier for the party out of power to assert they can do a better job than the incumbents.
But whichever party wins, I hope its leaders appreciate that wars are hideously expensive. I don't think the US can afford another. Better if our flag follows trade; not the sword.
Hi PG -
Lots of great points in there. Two comments -
1. "ITS GOING TO PREVENT NUCLEAR WAR. NOT INTERVENING ENSURES NUCLEAR WAR AND DESTRUCTION OF EU AND THEN OUR OWN COUNTRY."
Meh - this statement could easily be true in the obverse. Remains to be seen.
2. "(Home Depot, NEW WINDOWS..... a good investment and needed, and NO BRAINER. OUTSTANDING WINDOWS btw,"
Thanks for that tidbit - I'll check them out in greater depth. I am currently shopping Hurricane Windows for my WPB cottage and with so many quality manufacturers here in SFL, I had kind of discounted Home Depot products and installation services...
I'm hoping gold becomes a hated investment and investors dump their gold for Treasuries and bank CD's. $250 gold would be a nice opportunity. I doubt this will happen unless the percentage of return balances out selling gold bought for $1800.
Gold is one of those contrarian investments, everything appears to be a better investment all the time until it's not, and gold shines.
QE to the moon, inflated RE, Stocks, and crypto. Easy money, until money gets expensive, things balance out and people panic. Panic is the mother's milk of my investment strategy. By low (while other's panic) sell high when the sun is shining bright with money falling out their pockets. During the last RE downturn (panic) I was buying with 100% owner financing. A local politician took offense pointing out another greedy suburban landlord taking advantage. In a letter with my reply, I suggested if not for buyers his constituents would not be able to sell their nightmare property. They'd possibly loose all including their primary residence. Looking back I should have bought gold because quite possibly everyone was selling their gold to pay off debt.
Yes Bill “ The idea wasn’t that Iraq, Iran and North Korea had actually done anything for which they should be penalized; it was that they were “bad guys.” Due to the fact each of the three had no Central Bank, and of course would be the bad guys for our Banking Cartel 🤔
Looked long and hard for truth. Only found one place, the Bible. It never fails to deliver. Just sayin'
Yes Don, another book written by moronic Man that has failed humanity throughout history🤔…maybe our true God is Only found in our hearts, as we know Man corrupt’s everything he touches, and especially what he writes 😉
Bill, If the truth be told about George W. Bush's terms in office (with his cohorts Cheney and Rumsfeld),I don't think the American people would than picture them as good cowboys on white horses with white cowboy hats promoting Democracy.. Not after the loss of Americans at (9/11),and in the wars of Iraq and Afghanistan. A survey of Main street,America would give true statistics and numbers regarding inflation,unemployment,etc. Let the American people without penalty take all the cash out of their 401K's,IRA's,and pension funds, and than assess the value of Wallstreet and our to big to fail Banks. Only my thoughts.
Whatever happened to the dead cows on Bill's ranch? He's stopped posting any ranch news. I fear he's tired of fighting the Originarios and is selling the place.
Hi James -
I feel you bro. You have been a lone voice on the pampas about the dead bovines.
How's about at least a PS addressing this attached to tomorrow's missive there Mr. Bonner?
Any idea who or what is suppressing the “Price of Gold”?
Possibly someone or something that controls a lot of gold, and that benefits from that manipulation. Possibly someone or something that has a history of manipulating other markets, like credit and oil. I wish the BPR team would take a deeper dive into this topic. Rickards does to some extent.
Rickards was asked during the BPR presentation last year if gold was being manipulated. He answered: "NO". I agree with Mark1's request for a deeper dive by the BPR team into this topic, because of the ongoing "rumors" of conspiracies / manipulation
There were three things in Rickard’s answer that caught my ear. First: it would take a big player, like a nation-state, to be able to manipulate. Second, he guesstimated a ratio of 100 to 1, paper-gold to actual (Bill Bonner supposed about 10 to 1). And third, he mentioned that gold contracts have a bail-out clause that they can, if necessary, be closed out for cash value rather than actual gold. To me, that’s huge. If all true, it appears that “players” (whoever that might be) can dabble in the gold market with massive leverage and never actually be at risk of having to cough up actual gold. And if the Fed and treasury were playing this game through the “primary investment banks”, it could go on for a very long time. Like they say, “until something breaks”.
“Any idea who or what is suppressing the “Price of Gold”? Yes my brother, I would look right in our backyard, with our incredibly corrupt banks. Research,” American banks, and the price of Silver”…soon my friends 😳 but Any idea who or what is suppressing the “Price of Gold”? unfortunately, you will have nowhere to spend it. Maybe a good time to chat with past survivor’s of the Holocaust 🤔 Right, like our Greatest Generation, there are none left…. Hey, go ask Joe Biden. He’s honest 😵💫
It would be very informative to me, possibly others too, to know to WHOM the $31 Trillion is owed?
Been waiting for something to break for a year now. Nothings breaking!
Hey Donald. Patience. There are too many dangling swords over our head. One has to fall soon.
Lol, I like that.
Or, it is so damn broke that it is hard to tell!
I believe it was Byron King, in one of the BPR interviews, who said you’re likely not going to be happy when gold goes to $10,000. That would mean everything else has gone to hell. I view gold as insurance and a dollar hedge, but not an investment.
Would anyone (Bill, Tom Dan, Joel and subscibers) care to speculate as to the reason/purpose for the continued buying of significant amounts of gold by sovereign governments as noted by Dan last Friday ?
Hi Bob -
Granted, I am SEVERELY under-educated in this matter, but even a blind pig can find an acorn. Maybe.
How much physical would it take to move your particular Country's currency to a redeemable Gold Standard? I've researched various lists of which Central Banks have been buying the most Gold Bullion over the last three years or so (and accelerating into '23 in many cases) and I'm seeing China, Russia, Turkey, India, among others. Maybe 6+ of the top 10 are BRICS nations?
Rut-Roh.
https://www.reuters.com/markets/commodities/central-banks-bought-most-gold-since-1967-last-year-wgc-says-2023-01-31/
From the article and good to keep in mind (emphasis mine) -
"Banks including those of Turkey, China, Egypt and Qatar said they bought gold last year. But around 𝘁𝘄𝗼-𝘁𝗵𝗶𝗿𝗱𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗴𝗼𝗹𝗱 𝗯𝗼𝘂𝗴𝗵𝘁 𝗯𝘆 𝗰𝗲𝗻𝘁𝗿𝗮𝗹 𝗯𝗮𝗻𝗸𝘀 𝗹𝗮𝘀𝘁 𝘆𝗲𝗮𝗿 𝘄𝗮𝘀 𝗻𝗼𝘁 𝗿𝗲𝗽𝗼𝗿𝘁𝗲𝗱 𝗽𝘂𝗯𝗹𝗶𝗰𝗹𝘆, the WGC said.
Banks that have not regularly published information about changes in their gold stockpiles include those of China and Russia."
Hmmmm. Not seeing too many "Friends of America" on any listing...
They dont trust each other ?
"Governance and transparency advocate, Serena Lillywhite . . ." Oh the irony lol.
How stupid do you have to be to risk destroying the reputation of a multi-billion dollar business over $640,000.00 a year?