What may be approaching is not just a stock market correction…but a correction of the entire capital structure…not to mention the empire that heaved it up. This could be a serious reckoning.
yep and just remember all the folks on the Stack who supported him and still do! they'll all be deniers just like their hero denies ever having made a mistake or done anything stupid .. oh my what a wonderful recovery we're going to have .. and that Bitcion Cryto Crap will buy our way out .. which porta potty takes those coins? well maybe it matters not as there will be shit everywhere anyway especially on all those MAGA hats ! not seeing to many of those around lately .. and I wonder where his beautiful daughter has disappeared to .. oh yes she finally realised her old man was pimping her to the highest bidder .. ah well that's enough for today sorry for this tirade but haven't had coffee yet !
I think one could conclude that catastrophic decisions and policies, of which the US has made a number of, eventually lead to catastrophic consequences, of which we're now beginning to experience, is just the tip of the iceberg of what's to come.
Since we are coming up on the 250th anniversary of the Republic maybe instead of expensive entertainment and ceremonies our "esteemed leaders" from both teams should review the writings of the Founding Fathers on debt and paper money. Here's a good quote from Jefferson: "I sincerely believe…that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale".
I don't think those guys would have enjoyed these circuses while our nation is sinking under a mountain of debt.
Well Bill I think your summary today seems logical. Our debt is worse than any of us BPR readers can understand ( I don't think anyone in the government understands it either). There is a BIG GAME being played out here that none of us have any control over. Even though P.M.'s have gone down a lot since Jan 29, 2026 we are still up over 50% from Jan 2025. I know we can't eat gold or silver but I'll bet on history, I'll stay with what has worked for 5000 years. I've noticed the central banks and other "big shooters" continue to hang onto history.
It's only a matter of time until the USD is revalued from $42.22 (1973) to mark to market. Hang on for a crazy ride.
Since Bill reports from the ranch in Argentina when he's there, I would like to get his observations on city/town/country life in Ireland. Their demographics have changed significantly, and shit has been happening, not good stuff. What does it feel like as an older man or woman to mingle with the public lately? My Irish side would like to know.
So as the phony façade of Republican “opposition” fades, the next administration, determined to “right the ship,” can only load it with more lead, sinking it to the bottom faster.
Bill, enjoyed your missive today. I have to say it was a bit ominous, leading many of us to wonder what "it" is going to look like or feel like when it all goes south. However, to be sure, it most probably won't look like anything we can imagine, as most Americans alive today have not faced such hardships in their lifetime, so there is that. Bill, I just have one request relating to the information you share with us and that is: please stop supporting your content and contention by quoting the legacy press. Each time you do I want to stop reading. You well know that only 28% of Americans trust or believe what the press reports. Your use of the press as "proof" of the validity of your content only serves to diminish your words.
Tom, my perspective is that when Bill quotes the legacy press, it is not because he believes them, but because these are the sources that guide the feds in their decision making. With our policy makers following such guides, what can we expect?
And I don't ask that question in the exasperated, rhetorical sense, but as an honest question. Our decision makers follow those sources, so what are they likely to do?
We finally agree inflation at or around 4%. My previous posts over the last year had further described inflation composition as ~0.5% "equipment" and ~3.8% domestic labor (source: McGraw-Hill Engineering News Record - Building Cost Inflation Index)
Equipment reflecting imports (and any tariff impact) and labor, well...the needs of your neighbor to service their living expenses. We also agree that energy costs are the major culprit and will creep through our entire economy as costs go up for food and other derivatives of energy.
Unfortunately, the effect of the Iran de-nuclearization campaign, the current energy inflation source, is being overlaid and conflated with the multi-year energy inflation from servicing the massive and now orphaned debt from the Green New Deal (aka The Inflation Reduction Act).
The WSJ should probably pay more attention to insights from the Power engineering community. Particularly, in the wake of the failure to launch the EV transportation chimera or the money wasted tilting at windmills. The AI Datacenters energy needs finally putting the cumulative failure to adequately plan for baseload energy scale in full view, even as we wind down these programs and look longingly at Nuclear and Natural Gas once again.
Kudos to the Bonner team for their focus on Uranium (Sprott) fuel for our future energy source. Owning the source of this energy will be key. However, the processing of this feedstock into fuel and the design and construction of Power plants will also be a growth source. Small Modular Reactors (SMR) built in factory conditions hold promise even as the backlog of major equipment items such as turbines and transformers, create headwinds.
Will Trumps efforts at reviving domestic manufacturing bear fruit? Accelerated write-down of Capex? A domestic focus on mining and sourcing of critical metallurgy? If so, who will be open-minded enough to acknowledge this? Either the obvious need or the positive effect of his policies? - or will we all be expected to continue tilting at tariffs and windmills?
The debt numbers here and globally are so enormous I’m not sure anyone is able to grasp them and/or come up with a solution to the debt’s impact on U.S. or global society and governance. Perhaps Claude, Gemini or some other Ai model will come up with the answer and implement it for us…🙄
Bye-bye Amerika, the global crime syndicate has turned its focus to the East. Meanwhile, are you all street-fightin' men? Because thing are gonna go kinetic in Pleasantville real soon.
“On display? I eventually had to go down to the cellar to find them.”
“That’s the display department.”
“With a flashlight.”
“Ah, well, the lights had probably gone.”
“So had the stairs.”
“But look, you found the balance sheet, didn’t you?”
“Yes,” said Arthur, “yes I did. It was on display in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying ‘Beware of the Leopard."
CONGRATULATIONS Bill you've finally joined the group of old fellows, or at least a little older than you who actually remember the Great Depression and the massive STARVATION that no one in USA ever wants to talk about .. massive starvation and millions of folks leaving the mid west and eastern plains for warmer weather so they would not freeze to death .. so soon forgotten but even the slightest research will show just how many babies starved to death while trying to suckle at Mums breast and then being taken to an aunt living in Oakland to be raised by them .. yes over a million souls lost to the forces of nature (dust bowl) but of course the environment LOVES us and would never strike back against God's Chosen people .. like we are all descendants of Abraham-and the twelve tribes not just the house of Judah-JEWS ! when did we start to identify so much with Jews ? so now we also think we are God's chosen people ? really .. well wait and see what nature has in store for us .. like the life cycle of our previous dominant species we'll disappear in an instant and become the oil for the next dominants eh? I'm sure some folks somewhere will survive .. and of course they'll have artificial ass-simulation to assist them .. what an absolute fantasy that is .. no more work to make anything all made by robots and even they won't need humans around as they can breed their own kind with out us. Now that's a future worth fighting & living for eh ? ok pass the Malbec Bill we need it now!
And the question lingers........how much gold does the U.S. actually have? So mark it to market and what does that do for the good Ol' USofA? When the Taco Clown and Musk went to Fort Knot what did they find.......obviously, nothing good. And, I suspect any country that still has gold under NYC will never get it back.......frankly, I don't see how gold helps the U.S. and, I fear, that if the truth was known it would be the final nail in the US$ coffin. Just an ol' man's lament......
Today gold is valued at $42.22 for the gold the US holds. If this was changed to "mark to Market" then an ounce of gold would be about $4200 / oz at todays price. SO the value of the 8100 tons of gold we CLAIM to have would increase to about a trillion dollars. Long way to say the treasury has a lot more dollars to play with. For us little people there's no way to know if it REALLY helps joe average.
“And while we do not pretend to know exactly what is coming, we are sure we have the leaders we need to make it worse.”
Folks, ain’t THIS the damn truth?!
yep and just remember all the folks on the Stack who supported him and still do! they'll all be deniers just like their hero denies ever having made a mistake or done anything stupid .. oh my what a wonderful recovery we're going to have .. and that Bitcion Cryto Crap will buy our way out .. which porta potty takes those coins? well maybe it matters not as there will be shit everywhere anyway especially on all those MAGA hats ! not seeing to many of those around lately .. and I wonder where his beautiful daughter has disappeared to .. oh yes she finally realised her old man was pimping her to the highest bidder .. ah well that's enough for today sorry for this tirade but haven't had coffee yet !
I think one could conclude that catastrophic decisions and policies, of which the US has made a number of, eventually lead to catastrophic consequences, of which we're now beginning to experience, is just the tip of the iceberg of what's to come.
Since we are coming up on the 250th anniversary of the Republic maybe instead of expensive entertainment and ceremonies our "esteemed leaders" from both teams should review the writings of the Founding Fathers on debt and paper money. Here's a good quote from Jefferson: "I sincerely believe…that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale".
I don't think those guys would have enjoyed these circuses while our nation is sinking under a mountain of debt.
Well Bill I think your summary today seems logical. Our debt is worse than any of us BPR readers can understand ( I don't think anyone in the government understands it either). There is a BIG GAME being played out here that none of us have any control over. Even though P.M.'s have gone down a lot since Jan 29, 2026 we are still up over 50% from Jan 2025. I know we can't eat gold or silver but I'll bet on history, I'll stay with what has worked for 5000 years. I've noticed the central banks and other "big shooters" continue to hang onto history.
It's only a matter of time until the USD is revalued from $42.22 (1973) to mark to market. Hang on for a crazy ride.
Jim Marshall
Since Bill reports from the ranch in Argentina when he's there, I would like to get his observations on city/town/country life in Ireland. Their demographics have changed significantly, and shit has been happening, not good stuff. What does it feel like as an older man or woman to mingle with the public lately? My Irish side would like to know.
Ditto. I’ve been considering immigrating, given my Irish ancestry.
Seems the .month always lasts longer than that deposit! Oh well! Looks like we're all in the kettle together! Thx, Bill Ali
So as the phony façade of Republican “opposition” fades, the next administration, determined to “right the ship,” can only load it with more lead, sinking it to the bottom faster.
Bill, enjoyed your missive today. I have to say it was a bit ominous, leading many of us to wonder what "it" is going to look like or feel like when it all goes south. However, to be sure, it most probably won't look like anything we can imagine, as most Americans alive today have not faced such hardships in their lifetime, so there is that. Bill, I just have one request relating to the information you share with us and that is: please stop supporting your content and contention by quoting the legacy press. Each time you do I want to stop reading. You well know that only 28% of Americans trust or believe what the press reports. Your use of the press as "proof" of the validity of your content only serves to diminish your words.
Tom, my perspective is that when Bill quotes the legacy press, it is not because he believes them, but because these are the sources that guide the feds in their decision making. With our policy makers following such guides, what can we expect?
And I don't ask that question in the exasperated, rhetorical sense, but as an honest question. Our decision makers follow those sources, so what are they likely to do?
Thoughtful comment, you may well be correct.
Thank you! I try to be thoughtful, kind, and a peacemaker. I run into so much contention these days, but a reply like yours is balm to my soul.
Have you considered Richard Medhurst's thesis at
https://richardmedhurst.substack.com/p/how-the-us-pulled-off-an-armed-robbery
It potentially puts a different perspective on the Bonner death of the US empire thesis. Not great for us in Europe and Asia but genius if true
Wow, what a read. If this end result becomes true then "Maximum Safety Mode" may continue forever haha.
What is that saying, never bet against America! Go the Pirates...
We finally agree inflation at or around 4%. My previous posts over the last year had further described inflation composition as ~0.5% "equipment" and ~3.8% domestic labor (source: McGraw-Hill Engineering News Record - Building Cost Inflation Index)
Equipment reflecting imports (and any tariff impact) and labor, well...the needs of your neighbor to service their living expenses. We also agree that energy costs are the major culprit and will creep through our entire economy as costs go up for food and other derivatives of energy.
Unfortunately, the effect of the Iran de-nuclearization campaign, the current energy inflation source, is being overlaid and conflated with the multi-year energy inflation from servicing the massive and now orphaned debt from the Green New Deal (aka The Inflation Reduction Act).
The WSJ should probably pay more attention to insights from the Power engineering community. Particularly, in the wake of the failure to launch the EV transportation chimera or the money wasted tilting at windmills. The AI Datacenters energy needs finally putting the cumulative failure to adequately plan for baseload energy scale in full view, even as we wind down these programs and look longingly at Nuclear and Natural Gas once again.
Kudos to the Bonner team for their focus on Uranium (Sprott) fuel for our future energy source. Owning the source of this energy will be key. However, the processing of this feedstock into fuel and the design and construction of Power plants will also be a growth source. Small Modular Reactors (SMR) built in factory conditions hold promise even as the backlog of major equipment items such as turbines and transformers, create headwinds.
Will Trumps efforts at reviving domestic manufacturing bear fruit? Accelerated write-down of Capex? A domestic focus on mining and sourcing of critical metallurgy? If so, who will be open-minded enough to acknowledge this? Either the obvious need or the positive effect of his policies? - or will we all be expected to continue tilting at tariffs and windmills?
The debt numbers here and globally are so enormous I’m not sure anyone is able to grasp them and/or come up with a solution to the debt’s impact on U.S. or global society and governance. Perhaps Claude, Gemini or some other Ai model will come up with the answer and implement it for us…🙄
Bye-bye Amerika, the global crime syndicate has turned its focus to the East. Meanwhile, are you all street-fightin' men? Because thing are gonna go kinetic in Pleasantville real soon.
To paraphrase the late, great Douglas Adams.
"But the budgets were on display…”
“On display? I eventually had to go down to the cellar to find them.”
“That’s the display department.”
“With a flashlight.”
“Ah, well, the lights had probably gone.”
“So had the stairs.”
“But look, you found the balance sheet, didn’t you?”
“Yes,” said Arthur, “yes I did. It was on display in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying ‘Beware of the Leopard."
CONGRATULATIONS Bill you've finally joined the group of old fellows, or at least a little older than you who actually remember the Great Depression and the massive STARVATION that no one in USA ever wants to talk about .. massive starvation and millions of folks leaving the mid west and eastern plains for warmer weather so they would not freeze to death .. so soon forgotten but even the slightest research will show just how many babies starved to death while trying to suckle at Mums breast and then being taken to an aunt living in Oakland to be raised by them .. yes over a million souls lost to the forces of nature (dust bowl) but of course the environment LOVES us and would never strike back against God's Chosen people .. like we are all descendants of Abraham-and the twelve tribes not just the house of Judah-JEWS ! when did we start to identify so much with Jews ? so now we also think we are God's chosen people ? really .. well wait and see what nature has in store for us .. like the life cycle of our previous dominant species we'll disappear in an instant and become the oil for the next dominants eh? I'm sure some folks somewhere will survive .. and of course they'll have artificial ass-simulation to assist them .. what an absolute fantasy that is .. no more work to make anything all made by robots and even they won't need humans around as they can breed their own kind with out us. Now that's a future worth fighting & living for eh ? ok pass the Malbec Bill we need it now!
Correction, Gold is revalued from $42.22 to mark to market.
And the question lingers........how much gold does the U.S. actually have? So mark it to market and what does that do for the good Ol' USofA? When the Taco Clown and Musk went to Fort Knot what did they find.......obviously, nothing good. And, I suspect any country that still has gold under NYC will never get it back.......frankly, I don't see how gold helps the U.S. and, I fear, that if the truth was known it would be the final nail in the US$ coffin. Just an ol' man's lament......
Today gold is valued at $42.22 for the gold the US holds. If this was changed to "mark to Market" then an ounce of gold would be about $4200 / oz at todays price. SO the value of the 8100 tons of gold we CLAIM to have would increase to about a trillion dollars. Long way to say the treasury has a lot more dollars to play with. For us little people there's no way to know if it REALLY helps joe average.