The new money system distorted just about everything, leaving the world with a vast fake economy...and more than $300 trillion in debt. In the US alone total debt rose from about $1.5 trillion in 1971
While I agree that our national debt is a catastrophe waiting to happen, I’m quite pissed off that you only bring up Trump as the culprit. You forgot to mention Biden and Obama that spent like drunk soldiers. If you’re going to blame someone, be fair. All administrations since 1971 have spent paper money backed by the US Government (which in my book is backed by nothing more than corrupt politicians).
Culprits, you ask? Let’s all point a gigantic finger towards Lyndon Johnson. It was his military aggression and financially destructive domestic policies, that set us off into this fiscal tailspin that we have dealt with since 1963.
Nixon inherited the war that triggered his decision to create our fiat currency to pay for the LBJ “conflict” and the Great Society….(two euphemisms from that era).
Good point regarding Johnson. Taking us off the gold backing created a negative spiral into the abyss. God only knows (If there is a God) what’s in store for America and the world.
Yea, Johnson was the foundation; you have to give him 80% of the credit. An altruistic notion was afoot in the land; utopia was just over the hill; Martin walked bridges and RFK walked Appalachia. There was excess spending and Shangri-La was over the next mountain. Of course we got a New Deal and a new mindset. Keynes was king.
Poor Trump; he always wants to be bigly; too bad he comes up in the rear with the piddling straw that broke the camels 🐪 back.
You must be a new reader, or ignored years of Bonner railing on the profligate spending of the Democratic stooges. And yet, the criticism of Trump is sound.
Unfortunately, Abe, fair has nothing to do with it. Bill - in my view - actually doesn't paint a bleak enough picture. U.S. has lost the trust of the rest of the World and that means the US$ is toast. The U.S. doesn't keep agreement, promises, or have any honor - it is immoral. As to the US$, it will be a few years as the World figures out how to find an alternative but an alternative is coming. When that happens = look out below because the slide into the slime will be rapid. America is nowhere near being self-sufficient and isn't making any substantial headway in changing that. It is just a matter of time. The 4th Turning is here and the TACO Clown and his minions aren't going to change that. Just hope we don't end up in MUSHROOMS!
Don't know where you see this Steve, I been following his prose for decades, don't remember even once, him spitting the levels of poison he casts on the Trump Admin. Nope, not even once at this level
Bill Clinton achieved a balanced budget during his presidency, with federal surpluses recorded for fiscal years 1998 through 2001. He reduced defense from 4.3% of GDP in 1993 to 2.9%. He was a benefactor of a TRUE REPUBLICAN congress. One forgets about the 2008 crash causing the Federal government deficit to increase over the next few years (socializing debt while privatizing profit).
In 2008 there was a mortgage crash, a tremendous bailout. Clinton and the Democrats changed loan policy, every person, irregardless,in a home, subprime loans. It was the beginning of massive deficits.
Yes, Clinton and his idiot subprime mortgage scheme was a big reason for the 2008 crash, but I don't know how this answers my question?
The widely held belief that the budget was balanced during the Clinton years is in reality a myth. The supposed surpluses were nothing but accounting gimmicks, and the national debt grew during each of those years.
The budget was never balanced.
So my question remains unanswered---explain how you can have a balanced budget and an increase in the national debt in the same fiscal year.
Clinton gets the credit for a balanced budget, but it was the republicans (Newt) that forced him to cut spending which {Balanced -?} part of the budget.
The real culprit Bill didn't blame: The BOOMERS. They are the ones who spun up the unsustainable debt flywheel. Boomers built their wealth on the Cantillon effect at the younger (mine!) generation expense. "Just run harder Gen X'er!" as they turn up the speed on the debt treadmill. No thanks. We'll be sure to put you in good homes staffed by all those illegal migrants you love so much.
I'm not sure your gross generalization is accurate - Boomers didn't elect Johnson. But as a Boomer, I'll accept the blame when and if I see younger generations electing politicians that change course and reduce our unsustainable level of debt.
It would have to be put in the constitution. That way no future "lawmakers" from any party here on earth or the universe could change it, without a majority of states approval. "Fat chance' of that ever happening.
California has had term limits since the early 90s and the state is a disaster. Why? The Dems are not affected by TMs due to Dems' ideological uniformity. (See Dan Demming's Sept.12 post.) Republicans finally get a real fiscal conservative elected and term limits make it more than likely that a RINO will be the replacement.
Robert, Calif cannot be used to measure anything by. It is a socialist nightmare. Term limits would work in the United States if it were possible to make it happen.
Bob O'Brien: Calif. wasn't a “socialist nightmare” when term limits were being enacted in the late Eighties and early Nineties. Maybe you can explain how, despite term limits, it went off the Progressive cliff. Yet, California's citizens relatively recently voted overwhelmingly against gay marriage, public benefits for illegals, and “affirmative action.” California, even in 2025 is solidly 40% Republican. In the past three presidential elections, California cast 6 million votes for Trump which matched Texas and Florida, even though it was a futile effort. So, quit oversimplifying things by thinking term limits are a panacea or that California is a lost cause. It has the most stalwart conservatives in the country. God bless them and may He keep them strong.
You did not address the issue I raised about fungibility on the Left and diversity on the Right. Okay, set aside California: Montana has long had term limits and it is slowly losing the legislature as good Republicans cannot remain in office and are inexorably being replaced by RINOs. Meanwhile, Dems are always replaced by identical Dems.
We’ve got a country where prices are skyrocketing, wages are stagnant, grocery stores are Mad Max arenas, and the Federal Reserve’s grand solution is to cut interest rates?
That’s like having a house on fire, and throwing gasoline on it, because the gasoline’s on sale!
President Trump is not pretending anymore. It’s not drain the swamp anymore, it’s buy the swamp, golf on it, and lease it to China.
The Fed is cutting rates during stagflation!
You idiots! It’s the economic version of drinking bleach because you have a fever!
Trump’s in the Oval Office eating burgers and unleashing X posts like it’s an exorcism done entirely in ALL CAPS. The Fed’s massaging the economy with a mallet. And Vance?
The Ohio Senator who’s been in office longer than a half-eaten corndog, he thinks GDP is a disease, he thinks monetary policy is what happens when you tip too much at the Waffle House!
They are saying this rate cut will “stimulate lending.” You know who’s borrowing right now?
Criminals and Tik-Tok “business coaches.” Everyone else is either bankrupt or selling their organs on Ebay!
We got 0% interest loans being handed out like fentanyl at Burning Man. Meanwhile, inflation is still higher than Hunter Biden at Burning Man. And Trump says, “The economy’s the best it’s ever been!”
Yeah, if you’re a war contractor or a talking golden toilet.”
Stagflation is Just Another Word for “Oops” The economy’s shrinking, prices are rising, and people can’t afford to live, and the Fed thinks the solution is to make it easier to get loans for stuff nobody wants. Heh… that’s like giving a fire extinguisher to a drowning man. You ever seen a guy take out a 7-year car loan on a gallon of milk? I did. Yesterday. His cosigner was a GoFundMe.
The Fed is a taxidermy pelican with a Yale degree in Feelings-Based Economics.
So here lies the American Economy, 2025. Killed by low IQ, high debt, and low interest. We couldn’t afford to bury it, so we financed the funeral with AfterPay.
Bill, I very much appreciated your comments today. They were, for the most part, apolitical; refreshing journalism with the objectivity of truth. It true that America, due to the buffoonery of its elected parasites, has destroyed its monetary system. Moreover, political elites in government, education, law and social services are in the process of destroying the sensitive fabric of our developing youth surreptitiously in full view of our blind eyes. But to be fair, why do you put all of this on Trump? He is a Jonny come lately. What has occurred in this country has accrued post 1971, which you point out every other day. Guns and butter have been a staple in this country for, well I can't pinpoint as to exactly when, but forever may be an appropriate time frame. So given the nature of our country's guns and butter penchant, why do you hold Mr. Trump responsible for such a longstanding history of such economic debauchery? He is just one of many. Moreover, it is extremely difficult to turn the Titanic around in an environment that is replete with such parasitic bafoonery.
Empires collapse. Always have, always will. Just a matter of time. Throughout history the average age is about 250 yrs. Is the USA any different? Time will tell but I wouldn't bet on it.
... well, for starters they still consider themselves as "emerging economy" status, despite being #1 and/or #2 in economic global power and military might...
Bill is Communist Party complicit. He has no limit for criticizing Trump and the Republicans, but he is effusively complimentary of the Marxist/Socialist/Democrat Party and their brethren in the Chinese Communist Party. If you don't know this, you haven't read enough of his drivel.
………. Gee Dave. Some don’t always agree with Bill, but it seems he has accumulated varying properties and businesses over the years.
If he is a communist there will have to be a new genome and name for the CCP. I think he is an old fuddy duddy type conservative capitalist whose musings don’t ( and shouldn’t) necessarily be dismissed. I use articles as a sounding board.
A main message is ‘don’t have your heads in the sand’. Older people like me probably get more from articles because I want to keep what skin I have left on me.
The notes section fairly gives all readers a response and critique and there is worthwhile comment there and site authors seem relaxed about comments. That is a strength.
I said he's Communist Party complicit. That is to say that like many in this country (cue Paul Krugman), he has a soft spot for the way they do things.
Yes, Bill has accumulated great wealth, and at times he's a great read. There are many that became immensely wealthy that were one trick ponies. However, he has a blind spot for reality. Everyone knows the government of the United States has overspent for the past 60 years and both parties have been guilty. They also know that we are overextended militarily and have engaged in too many foreign entanglements. It insults the intelligence to be told the same things everyday in slightly different ways.
Dave J — I am not going to dissuade you from your beliefs apart from stating you are incorrectly conflating Bonner’s disdain for Trump’s policies as an endorsement of central planning.
China’s “new financial reserve” (BRICS?) is not a near future happening.
The degradation of the dollar is real-too much of anything lessens its value.
Economics 101 taught that tariffs were a barrier to free trade (way before woke economics advocated the printing press), yet the largest advances in history came from 1789-1913; and those advances right here in the USA when there were no taxes, only tariffs.
Our way out is the Bessent/Trump supply side: productivity gains & renewed manufacturing strength, which, in turn, finds mother’s milk in lower costs of capital.
Wilson, LBJ, Bush, Obama be damned. We’re here now. At least there’s a plan other than DEI.
58% of you people voted for a balanced budget amendment. I don't get it. Why do that when we have destroyed the constitution to begin with. I think we had better forget about voting and take charge of our families and ourselves. Free lunches are not free. How many times do we have to sAY THAT? I would gladly vote for a leader but we don't have any; Mr Trump may be a leader but it seems too late in the game. We don't need leaders;we need a freaking miracle and after aborting 40 million+ innocent babies you are going to look long and hard for such a critter. God's blessings to all.
Question for Bill: im curious where the "Trump Bias" comes from in your newsletters; are you anti-Trump policies because of your wisdom? Maybe it's your AI letter assist program that takes control of the bias? I personally do not read much of your newsletters because of the "Orange Trumpet Bad" biased approach. I usually look for Tom or Dan's notes at the end of you signing off.
I too take note of the endless criticism of "The man in the Ring", DJT - on these pages and from half the country. I also agree that Trumps efforts at ending wars, reinvigorating a nation of laws, while charging foreign nations admission to enjoy the spectacle of our slowly deteriorating consumer economy Circus, has all arrived a bit too late.
What keeps me coming back is the hope that one fine day I'll read some proposals for a better "Plan B". Not simply a "Gold bugs" view for personal salvation, but one that seeks to put in place a better foundation for all. So far...."nada". Ironically, not the fault of Bill Bonner nor of Donald Trump.
"And without America’s fake dollars, US industries would have been forced to innovate and compete fairly with the rest of the world."
I would like to see Bill address the Trumpian view that while yes, having the worlds reserve currency is a privilege, it is also a double-edged sword that creates an insatiable demand for dollars outside our borders. That makes the dollar more valuable than it should be (in relation to other currencies) and THAT is a major reason for the trade imbalance.
Bill, you asked the question- “why would a nation with $37 trillion in debt want to add more? “
Well, here’s your answer.
"A government that robs Peter to pay Paul can always depend on the support of Paul." ~ George Bernard Shaw. Debt is slavery, and those who are in control of this form of slavery (congress, the treasury, and the FED) are more than willing to keep on handing it out. As long as those who receive it continue to vote for this kind of slavery, the slavery will continue. It’s insanity in it’s clearest form - if the citizens of this country are only willing to stop for a second and look in that mirror. The other question that is often asked is, “how is this huge debt going ever going to be paid off, if at all?” For the last 112 years, it has been and is being paid off by/through/with inflation. Central banking, and the control over our ‘once’ currency of worth, is one of the biggest scams ever fomented on our citizens. Central banking reminds me of the SNL skit ‘Theodoric of York, medieval barber’, where he not only cut hair but also performed bloodletting as a means of so called ‘improving one’s health’. The last question- Can we as a nation please get over this slow (death) bloodletting already?
In a democracy, you get the government you deserve. Who would get elected by being specific about large budget cuts? The NIMBY folks wouldn't tolerate it. Blame the electorate, not those who are smart enough to take advantage of the situation.
While I agree that our national debt is a catastrophe waiting to happen, I’m quite pissed off that you only bring up Trump as the culprit. You forgot to mention Biden and Obama that spent like drunk soldiers. If you’re going to blame someone, be fair. All administrations since 1971 have spent paper money backed by the US Government (which in my book is backed by nothing more than corrupt politicians).
Abe,
Culprits, you ask? Let’s all point a gigantic finger towards Lyndon Johnson. It was his military aggression and financially destructive domestic policies, that set us off into this fiscal tailspin that we have dealt with since 1963.
Nixon inherited the war that triggered his decision to create our fiat currency to pay for the LBJ “conflict” and the Great Society….(two euphemisms from that era).
Good point regarding Johnson. Taking us off the gold backing created a negative spiral into the abyss. God only knows (If there is a God) what’s in store for America and the world.
Yea, Johnson was the foundation; you have to give him 80% of the credit. An altruistic notion was afoot in the land; utopia was just over the hill; Martin walked bridges and RFK walked Appalachia. There was excess spending and Shangri-La was over the next mountain. Of course we got a New Deal and a new mindset. Keynes was king.
Poor Trump; he always wants to be bigly; too bad he comes up in the rear with the piddling straw that broke the camels 🐪 back.
You must be a new reader, or ignored years of Bonner railing on the profligate spending of the Democratic stooges. And yet, the criticism of Trump is sound.
I’m not new to BB
He is not fair in his reporting of the state of the country
I agree the criticism of Trump is sound
Unfortunately, Abe, fair has nothing to do with it. Bill - in my view - actually doesn't paint a bleak enough picture. U.S. has lost the trust of the rest of the World and that means the US$ is toast. The U.S. doesn't keep agreement, promises, or have any honor - it is immoral. As to the US$, it will be a few years as the World figures out how to find an alternative but an alternative is coming. When that happens = look out below because the slide into the slime will be rapid. America is nowhere near being self-sufficient and isn't making any substantial headway in changing that. It is just a matter of time. The 4th Turning is here and the TACO Clown and his minions aren't going to change that. Just hope we don't end up in MUSHROOMS!
Absolutely, right on.
Don't know where you see this Steve, I been following his prose for decades, don't remember even once, him spitting the levels of poison he casts on the Trump Admin. Nope, not even once at this level
Just as long as it's fairly equal criticism.
Abe that's not fair to drunk soldiers/sailors; they at least know how to stop when they run out of money!
As a sailor, I always bought round-trip tickets, so I could always get back to the sub when my money ran out.
Ha Ha
Actually it's backed by the government's ability to tax, the reserve of last resort. Best always. PM
Excessive taxation will create a revolution
Promises, promises! Haha! I didn't say it was a good idea, just the reality. Best always. PM
Bill Clinton achieved a balanced budget during his presidency, with federal surpluses recorded for fiscal years 1998 through 2001. He reduced defense from 4.3% of GDP in 1993 to 2.9%. He was a benefactor of a TRUE REPUBLICAN congress. One forgets about the 2008 crash causing the Federal government deficit to increase over the next few years (socializing debt while privatizing profit).
Please explain how a "balanced budget" and "surpluses" resulted in a national debt increase for each of those years.
In 2008 there was a mortgage crash, a tremendous bailout. Clinton and the Democrats changed loan policy, every person, irregardless,in a home, subprime loans. It was the beginning of massive deficits.
Yes, Clinton and his idiot subprime mortgage scheme was a big reason for the 2008 crash, but I don't know how this answers my question?
The widely held belief that the budget was balanced during the Clinton years is in reality a myth. The supposed surpluses were nothing but accounting gimmicks, and the national debt grew during each of those years.
The budget was never balanced.
So my question remains unanswered---explain how you can have a balanced budget and an increase in the national debt in the same fiscal year.
Agreed
Maybe it can happen again
Clinton gets the credit for a balanced budget, but it was the republicans (Newt) that forced him to cut spending which {Balanced -?} part of the budget.
The real culprit Bill didn't blame: The BOOMERS. They are the ones who spun up the unsustainable debt flywheel. Boomers built their wealth on the Cantillon effect at the younger (mine!) generation expense. "Just run harder Gen X'er!" as they turn up the speed on the debt treadmill. No thanks. We'll be sure to put you in good homes staffed by all those illegal migrants you love so much.
I'm not sure your gross generalization is accurate - Boomers didn't elect Johnson. But as a Boomer, I'll accept the blame when and if I see younger generations electing politicians that change course and reduce our unsustainable level of debt.
If we are adding anything to our nations laws lets start with term limits.
It would have to be put in the constitution. That way no future "lawmakers" from any party here on earth or the universe could change it, without a majority of states approval. "Fat chance' of that ever happening.
California has had term limits since the early 90s and the state is a disaster. Why? The Dems are not affected by TMs due to Dems' ideological uniformity. (See Dan Demming's Sept.12 post.) Republicans finally get a real fiscal conservative elected and term limits make it more than likely that a RINO will be the replacement.
Robert, Calif cannot be used to measure anything by. It is a socialist nightmare. Term limits would work in the United States if it were possible to make it happen.
Bob O'Brien: Calif. wasn't a “socialist nightmare” when term limits were being enacted in the late Eighties and early Nineties. Maybe you can explain how, despite term limits, it went off the Progressive cliff. Yet, California's citizens relatively recently voted overwhelmingly against gay marriage, public benefits for illegals, and “affirmative action.” California, even in 2025 is solidly 40% Republican. In the past three presidential elections, California cast 6 million votes for Trump which matched Texas and Florida, even though it was a futile effort. So, quit oversimplifying things by thinking term limits are a panacea or that California is a lost cause. It has the most stalwart conservatives in the country. God bless them and may He keep them strong.
You did not address the issue I raised about fungibility on the Left and diversity on the Right. Okay, set aside California: Montana has long had term limits and it is slowly losing the legislature as good Republicans cannot remain in office and are inexorably being replaced by RINOs. Meanwhile, Dems are always replaced by identical Dems.
too much trouble to comment
Abe is correct - Biden and Obama were worthless
We’ve got a country where prices are skyrocketing, wages are stagnant, grocery stores are Mad Max arenas, and the Federal Reserve’s grand solution is to cut interest rates?
That’s like having a house on fire, and throwing gasoline on it, because the gasoline’s on sale!
President Trump is not pretending anymore. It’s not drain the swamp anymore, it’s buy the swamp, golf on it, and lease it to China.
The Fed is cutting rates during stagflation!
You idiots! It’s the economic version of drinking bleach because you have a fever!
Trump’s in the Oval Office eating burgers and unleashing X posts like it’s an exorcism done entirely in ALL CAPS. The Fed’s massaging the economy with a mallet. And Vance?
The Ohio Senator who’s been in office longer than a half-eaten corndog, he thinks GDP is a disease, he thinks monetary policy is what happens when you tip too much at the Waffle House!
They are saying this rate cut will “stimulate lending.” You know who’s borrowing right now?
Criminals and Tik-Tok “business coaches.” Everyone else is either bankrupt or selling their organs on Ebay!
We got 0% interest loans being handed out like fentanyl at Burning Man. Meanwhile, inflation is still higher than Hunter Biden at Burning Man. And Trump says, “The economy’s the best it’s ever been!”
Yeah, if you’re a war contractor or a talking golden toilet.”
Stagflation is Just Another Word for “Oops” The economy’s shrinking, prices are rising, and people can’t afford to live, and the Fed thinks the solution is to make it easier to get loans for stuff nobody wants. Heh… that’s like giving a fire extinguisher to a drowning man. You ever seen a guy take out a 7-year car loan on a gallon of milk? I did. Yesterday. His cosigner was a GoFundMe.
The Fed is a taxidermy pelican with a Yale degree in Feelings-Based Economics.
So here lies the American Economy, 2025. Killed by low IQ, high debt, and low interest. We couldn’t afford to bury it, so we financed the funeral with AfterPay.
Gold Price Per Ounce @ $4,850 before Spring 2026!
Yee-Doggie!
Bill, I very much appreciated your comments today. They were, for the most part, apolitical; refreshing journalism with the objectivity of truth. It true that America, due to the buffoonery of its elected parasites, has destroyed its monetary system. Moreover, political elites in government, education, law and social services are in the process of destroying the sensitive fabric of our developing youth surreptitiously in full view of our blind eyes. But to be fair, why do you put all of this on Trump? He is a Jonny come lately. What has occurred in this country has accrued post 1971, which you point out every other day. Guns and butter have been a staple in this country for, well I can't pinpoint as to exactly when, but forever may be an appropriate time frame. So given the nature of our country's guns and butter penchant, why do you hold Mr. Trump responsible for such a longstanding history of such economic debauchery? He is just one of many. Moreover, it is extremely difficult to turn the Titanic around in an environment that is replete with such parasitic bafoonery.
Empires collapse. Always have, always will. Just a matter of time. Throughout history the average age is about 250 yrs. Is the USA any different? Time will tell but I wouldn't bet on it.
Another "uplifting" doom and gloomier missive from BPR.
-
Did Bill mention the "augmented" Chinese debt is projected to reach 129% of its GDP this year?
(according to Ai).
No Bill didn't mention it. Nor does he ever mention that not one number or statistic being released by the CCP can be trusted or relied upon.
What makes you say that?
... well, for starters they still consider themselves as "emerging economy" status, despite being #1 and/or #2 in economic global power and military might...
Bill is Communist Party complicit. He has no limit for criticizing Trump and the Republicans, but he is effusively complimentary of the Marxist/Socialist/Democrat Party and their brethren in the Chinese Communist Party. If you don't know this, you haven't read enough of his drivel.
………. Gee Dave. Some don’t always agree with Bill, but it seems he has accumulated varying properties and businesses over the years.
If he is a communist there will have to be a new genome and name for the CCP. I think he is an old fuddy duddy type conservative capitalist whose musings don’t ( and shouldn’t) necessarily be dismissed. I use articles as a sounding board.
A main message is ‘don’t have your heads in the sand’. Older people like me probably get more from articles because I want to keep what skin I have left on me.
The notes section fairly gives all readers a response and critique and there is worthwhile comment there and site authors seem relaxed about comments. That is a strength.
I said he's Communist Party complicit. That is to say that like many in this country (cue Paul Krugman), he has a soft spot for the way they do things.
Yes, Bill has accumulated great wealth, and at times he's a great read. There are many that became immensely wealthy that were one trick ponies. However, he has a blind spot for reality. Everyone knows the government of the United States has overspent for the past 60 years and both parties have been guilty. They also know that we are overextended militarily and have engaged in too many foreign entanglements. It insults the intelligence to be told the same things everyday in slightly different ways.
Dave J — I am not going to dissuade you from your beliefs apart from stating you are incorrectly conflating Bonner’s disdain for Trump’s policies as an endorsement of central planning.
……. AI. You can’t shoot ALL messengers mate…………
... can't, or won't?
China’s “new financial reserve” (BRICS?) is not a near future happening.
The degradation of the dollar is real-too much of anything lessens its value.
Economics 101 taught that tariffs were a barrier to free trade (way before woke economics advocated the printing press), yet the largest advances in history came from 1789-1913; and those advances right here in the USA when there were no taxes, only tariffs.
Our way out is the Bessent/Trump supply side: productivity gains & renewed manufacturing strength, which, in turn, finds mother’s milk in lower costs of capital.
Wilson, LBJ, Bush, Obama be damned. We’re here now. At least there’s a plan other than DEI.
58% of you people voted for a balanced budget amendment. I don't get it. Why do that when we have destroyed the constitution to begin with. I think we had better forget about voting and take charge of our families and ourselves. Free lunches are not free. How many times do we have to sAY THAT? I would gladly vote for a leader but we don't have any; Mr Trump may be a leader but it seems too late in the game. We don't need leaders;we need a freaking miracle and after aborting 40 million+ innocent babies you are going to look long and hard for such a critter. God's blessings to all.
60+ million. 40 million were the black and brown ones.
Just sayin'....
Question for Bill: im curious where the "Trump Bias" comes from in your newsletters; are you anti-Trump policies because of your wisdom? Maybe it's your AI letter assist program that takes control of the bias? I personally do not read much of your newsletters because of the "Orange Trumpet Bad" biased approach. I usually look for Tom or Dan's notes at the end of you signing off.
I too take note of the endless criticism of "The man in the Ring", DJT - on these pages and from half the country. I also agree that Trumps efforts at ending wars, reinvigorating a nation of laws, while charging foreign nations admission to enjoy the spectacle of our slowly deteriorating consumer economy Circus, has all arrived a bit too late.
What keeps me coming back is the hope that one fine day I'll read some proposals for a better "Plan B". Not simply a "Gold bugs" view for personal salvation, but one that seeks to put in place a better foundation for all. So far...."nada". Ironically, not the fault of Bill Bonner nor of Donald Trump.
Bring an end to Executive Orders. They have been the bane of our Country.
"And without America’s fake dollars, US industries would have been forced to innovate and compete fairly with the rest of the world."
I would like to see Bill address the Trumpian view that while yes, having the worlds reserve currency is a privilege, it is also a double-edged sword that creates an insatiable demand for dollars outside our borders. That makes the dollar more valuable than it should be (in relation to other currencies) and THAT is a major reason for the trade imbalance.
Bill, you asked the question- “why would a nation with $37 trillion in debt want to add more? “
Well, here’s your answer.
"A government that robs Peter to pay Paul can always depend on the support of Paul." ~ George Bernard Shaw. Debt is slavery, and those who are in control of this form of slavery (congress, the treasury, and the FED) are more than willing to keep on handing it out. As long as those who receive it continue to vote for this kind of slavery, the slavery will continue. It’s insanity in it’s clearest form - if the citizens of this country are only willing to stop for a second and look in that mirror. The other question that is often asked is, “how is this huge debt going ever going to be paid off, if at all?” For the last 112 years, it has been and is being paid off by/through/with inflation. Central banking, and the control over our ‘once’ currency of worth, is one of the biggest scams ever fomented on our citizens. Central banking reminds me of the SNL skit ‘Theodoric of York, medieval barber’, where he not only cut hair but also performed bloodletting as a means of so called ‘improving one’s health’. The last question- Can we as a nation please get over this slow (death) bloodletting already?
It won’t change politicians will find a work around
In a democracy, you get the government you deserve. Who would get elected by being specific about large budget cuts? The NIMBY folks wouldn't tolerate it. Blame the electorate, not those who are smart enough to take advantage of the situation.
I'd respond to the poll if they had a "None of the above" response. We need term limits in Congress - period.