The BRICS sound like the original United States, a confederation of independent, sovereign states, rather than the more modern version of the US, in which all the states are under Washington’s thumb.
Who would have thunk it. Russian hosting an international conference and helping to bring peace between India and China. Meanwhile at the NATO conference earlier this year, the NATO countries were figuring out how to expand the war between the Ukraine and Russia and keep the death toll of Ukranian's rising. NATO which was a defensive alliance should be disbanded to further world peace. Its mission was over when the the USSR disbanded decades ago. I don't think the West appreciates how much the developing BRICS resent the old guard in the West. They have alot of countries applying for membership and have 50% of the economic output int he world and like 70% of the population. The West sticks their noses into everything and lots of times makes a mess.
The Chinese breached border agreements that kept the peace for 25 years, to take advantage of the Wuhan virus and seize territory in multiple places.
The Chinese hardly backed off from the goodness of their hearts. Clearly they have other pressing matters to solve first. Before we get all misty-eyed about the freedom between BRICS nations, we should note China is the same bully at a regional scale - just check with the South East Asians.
No collection of sovereign states is equal in which China and Russia are members. Putin dreams of the old Rus, and Xi imagines that he is entitled to rule the world.
Oh Billy. Again with the gratuitous Trump insults? Whom in your little circle of shadow puppets are you trying to impress? Beside your statement being false on its face, you know as well as WE do that Trump was not referring to China, India, Turkey or Russia (ok, well maybe India) with his otherwise VERY accurate assessment of certain Countries around the world. Do better and stop with the gaslighting and half-truths spewed from your keyboard just because you have an irrational hard-on for Donald J. Trump. Contrary to what you may believe, it is not a flattering look.
This coming from a guy who is an alleged 𝙚𝙭𝙥𝙚𝙧𝙩 at identifying and then connecting Dots? Dear Bill, if you are going to make a statement like this then you need to also let us know when it 𝗜𝗦 time to start "worrying" and what actions we should take to alleviate and/or protect against that worry. I'm not a Financial, Real Estate or International Living expert, but I am astute enough to realize that the solidifying of International Settlement methods other than SWIFT (y'know, like what they DID accomplish at last week's BRICS meeting) likely 𝗜𝗦 something that deserves maybe a tiny bit of "worry", and perhaps even some complimentary action to protect our hard-earned treasure. As mentioned, I'm not an expert so I don't know what those actions should be. That's kinda why we're all here.
Nah - Bonner says essentially don't worry, no action needed, carry on.
Sheesh man. You really phoned it in today, didn't you?
Finally, I will say "Bravo" on the magazine cover. How very fitting that the USD is on fire, starting at the method of Propulsion...
Brilliant brother! We agree that Bill should spend more time with his knowledge of boltholes and financial problems. Neither subject should be political and he can go on writing without his liberal leanings. Still enjoy this site for some limited information from our host, and much more informative ideas from our friends here 😊
Hi Steve! I agree. The rest of the Bonner Team (Dan and Tom) are strong and focus on imminently harmful topics/actionable solutions, as opposed to Repetitive Doom with a side helping of unnecessary and unwarranted mudslinging...
It seems to me that Bill has a lot of experience and tries to disturb a few feathers to understand what moves us. I hope so anyway. Maybe Bill doesn't have a lot more knowledge than the rest of us, just more a knowledge about how to make money or keep money.
Now Trump's latest idea of getting rid of taxes and replacing them with tariffs seems brilliant in the context of reducing government, although not part of his argument intelligently. It seems likely to break part of the leftist idea of big, bigger and biggest state protection system, that which is corrupt and growing. I can think of nothing more infuriating to the leftists than to get rid of the tax system and the 100,000 new IRS agents. I believe in free trade but it also seems there are times when a nation needs to rely on itself and although the world isn't that friendly (understandable for sure given our propensity to attack) but maybe it is time to work within the US to create an honest culture, one with integrity of its leaders to exhibit humility. My take on the Developed Country leaders right now is they are liars, war mongers which are printing and spending like idiots trying to retain power desperately. I like whatever disturbance Trump and instigate to these bleeding hearts. They don't know what they are doing but have a narrative which they think they can push onto society and spend it into oblivion. They believe they have control of the economy and that they can control society with all their collusive efforts and propaganda. The wars and simply foolish spending (on windmills for god's sake, their narrative) provide in my view the destruction of America through hubris. I view it as a bunch of inexperienced comrads who are going to stop hate and sexuality. I don't see Trump as the brainchild of solution at all but he does have the guts and audacity to stand up against these clowns.
Thanks for this insightful and bold analysis of Bonner. I would only comment that if Bonner dispensed with the gaslighting and half-truths, he wouldn't have much to say.
Trumpstein is a dyed in wool zio-lackey ... he knows who has the shekels . You were aware that he was a lifelong demonrat ... Pubicly said if he ever ran for public office would do so as a Repube ... because Repubes are so stupid !!! gave Chucky Schummer his first campaign finance funds. Most recently he sold ( that of which he held no title) out the entire Palestinians West Bank to Isn'treal for US $ 100 MILLION campaign funding from Miriam Adelson. You seem to be suffering from another form of TDS.
I'm going to buy an Economist now. Got to have that cover on my wall too.
When I started studying economics I remember thinking the Economist must be some insightful magazine. But then when the stock market usually did the opposite of what the predictors predicted I was confused. Business Week had the same effect. Eventually I realized there was always an agenda behind these guys. They were amazingly wrong! It was like they were trying to deceive.
Bought the mag. My opinion of the Rabinovitch and Curr article was that it was weak. It might be that America is "in the lead" but the analysis seemed very European to me. What has helped America was the immigration, the government stepping in to save the economy, the reserve currency,...
I think the far better article was "Free Exchange" on Daron Acemoglu, Simon Johnson of MIT and James Robinson from U of Chicago. They wrote " The Colonial Origins of Comparative Development: An Empirical Investigation" which proposed the idea that institutions are central to economic growth. "America, Australia and Canada attracted Europeans settlers by offering them a chance to share in the wealth they produced via private property and free markets." My thoughts are this is the reason why America has had better productivity than most all these other nations which the following simple example demonstrates well. When one has an idea or a product which is free to be used as every individual American desires, in his own way as opposed to a centrally planned product like forcing everyone to use an EV, then this produces a million (or the number of people in the country) the ability to use that product or idea in each of a million ways. The result is a better product or a better result with a million different tests. If the society is forced to use the idea in the way that a few elite want it to be used then that only represents a few ideas or a few tested products/ ideas. Guess which system will provide a better result? Freedom and liberty are also an extremely important part of free ideas and free testing. Furthermore the motivation to utilize the idea and to improve the idea are not restricted. These centrally planned ideas are so restrictive and provide essentially no motivational aspect to use and distribution.
The USA mainstream press ignores the poppycock in Kazan for more compelling issues relevant to our Presidential election. Like name calling. He’s a —- She’s a —-
Yeah, BRICS is going to be the answer, because they are all going to be "equal", like the start of the US. Let's see! China has the largest world's navy, a million man army, a government that rules it's unarmed citizens with an iron fist and no thought of expanding. Additionally, we have countries acquiring atomic weapons like a popcorn machine spews out kernals. However, we know that none of these "equal" countries or "non members" would ever make a mistake (for whatever reason) and use one of those weapons, because all countries would eventually be "equal".
I have no reliable info that there are others but I read something about South Africa having plans to do so. But Atomic Weapons aslo include Neutro Bombs (I believe that's the correct spelling). This is an atomic weapon that is exploded in the atmosphere and immediately destroys the electrical grid of a vast area, without directly killing people or structures. Anyway, you youngsters no far more about Atomic Weapons than this old man. Besides Iran, what about North Korea, that already has them.
The great thing about the Brics manufacturing countries, is they have to sell those goods somewhere, There own citizens generally cannot afford them. As the saying could be adapted for the Brics "they can't all take in each other's washing".
If the BRICS countries create a new currency and/or new means to settle debts among themselves, then this competitor could very well be the impetus for the US to make the dollar more appealing.
It is VERY difficult to find anything that informs as to what decisions were actually finalized last week. I had seen something last Friday that mentioned the adoption of the BRICS Cross Border Payment System and the BRICS Clear Depositary (that's how they spelled it) - doing a quick search now and can't find anything.
Hmmmmm. In light of the complete ignoring the summit got from the Western "media" last week, I'm sure I'm just not looking hard enough.
The rich countries gonna be very successful.Corruption is ubiquitous. More than half their brain power is loaded down by bircas and zero education for women and girls. They all hate each other and giveing the middle finger to the West. All that set of course.We are blowing our own foot off with monetary policy. That can all be corrected with a stroke of a pen. Is dallas budget et cetera. Tom had a guest on saying our debt could pay For a new trident nuclear submarine every day and a half. States gotta rein in that federal government.
I would also add that the Central Bank of China has increased it's physical gold holdings by 23% since 2018 and reduced it's holdings of U.S. Treasury Bonds by 40% during the past 10 years. Our U.S. leadership and public need to wake up. It's about a sound currency and economy, and not frivolous spending and endless wars.
Who would have thunk it. Russian hosting an international conference and helping to bring peace between India and China. Meanwhile at the NATO conference earlier this year, the NATO countries were figuring out how to expand the war between the Ukraine and Russia and keep the death toll of Ukranian's rising. NATO which was a defensive alliance should be disbanded to further world peace. Its mission was over when the the USSR disbanded decades ago. I don't think the West appreciates how much the developing BRICS resent the old guard in the West. They have alot of countries applying for membership and have 50% of the economic output int he world and like 70% of the population. The West sticks their noses into everything and lots of times makes a mess.
When do the G-7 nations start applying to he bric's?
Reckon Australia should give it a go?
Australia is already ZOG'd
Too late !!
"Nothing to see here, move along."
- Bill Bonner, 29OCT24
When I saw the Economist’s cover, all I saw was a roll of incinerating dollars. Maybe there was a double meaning?
The Chinese breached border agreements that kept the peace for 25 years, to take advantage of the Wuhan virus and seize territory in multiple places.
The Chinese hardly backed off from the goodness of their hearts. Clearly they have other pressing matters to solve first. Before we get all misty-eyed about the freedom between BRICS nations, we should note China is the same bully at a regional scale - just check with the South East Asians.
No collection of sovereign states is equal in which China and Russia are members. Putin dreams of the old Rus, and Xi imagines that he is entitled to rule the world.
Color me skeptical when it comes to BRICS.
"𝙔𝙤𝙪’𝙡𝙡 𝙧𝙚𝙘𝙖𝙡𝙡 𝙩𝙝𝙖𝙩 𝙞𝙩 𝙬𝙖𝙨𝙣’𝙩 𝙩𝙝𝙖𝙩 𝙡𝙤𝙣𝙜 𝙖𝙜𝙤 𝙩𝙝𝙖𝙩, 𝙖𝙥𝙖𝙧𝙩 𝙛𝙧𝙤𝙢 𝙩𝙝𝙚 𝙐𝙎 𝙖𝙣𝙙 𝙞𝙩𝙨 𝙒𝙚𝙨𝙩𝙚𝙧𝙣 𝙖𝙡𝙡𝙞𝙚𝙨, 𝙩𝙝𝙚 𝙧𝙚𝙨𝙩 𝙤𝙛 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙 𝙬𝙖𝙨 “𝙙𝙚𝙫𝙚𝙡𝙤𝙥𝙞𝙣𝙜” 𝙤𝙧 𝙩𝙝𝙚 “𝙏𝙝𝙞𝙧𝙙 𝙒𝙤𝙧𝙡𝙙”... 𝙤𝙧 𝙬𝙝𝙖𝙩 𝘿𝙤𝙣𝙖𝙡𝙙 𝙏𝙧𝙪𝙢𝙥 𝙢𝙞𝙜𝙝𝙩 𝙘𝙖𝙡𝙡 “𝙨𝙝*𝙩𝙝𝙤𝙡𝙚 𝙘𝙤𝙪𝙣𝙩𝙧𝙞𝙚𝙨.”
Oh Billy. Again with the gratuitous Trump insults? Whom in your little circle of shadow puppets are you trying to impress? Beside your statement being false on its face, you know as well as WE do that Trump was not referring to China, India, Turkey or Russia (ok, well maybe India) with his otherwise VERY accurate assessment of certain Countries around the world. Do better and stop with the gaslighting and half-truths spewed from your keyboard just because you have an irrational hard-on for Donald J. Trump. Contrary to what you may believe, it is not a flattering look.
"𝘼𝙡𝙡 𝙚𝙢𝙥𝙞𝙧𝙚𝙨 𝙢𝙪𝙨𝙩 𝙙𝙞𝙚. 𝙄𝙨 𝙩𝙝𝙞𝙨 𝙝𝙤𝙬 𝙩𝙝𝙚 𝙐𝙎 𝙬𝙞𝙡𝙡 𝙜𝙤 — 𝙨𝙦𝙪𝙚𝙚𝙯𝙚𝙙 𝙖𝙣𝙙 𝙚𝙭𝙝𝙖𝙪𝙨𝙩𝙚𝙙... 𝙗𝙚𝙩𝙬𝙚𝙚𝙣 𝙄𝙣𝙙𝙞𝙖’𝙨 𝙖𝙥𝙥𝙖𝙧𝙚𝙣𝙩𝙡𝙮 𝙪𝙣𝙡𝙞𝙢𝙞𝙩𝙚𝙙 𝙢𝙖𝙣𝙥𝙤𝙬𝙚𝙧... 𝙖𝙣𝙙 𝘾𝙝𝙞𝙣𝙖’𝙨 𝙪𝙣𝙢𝙖𝙩𝙘𝙝𝙖𝙗𝙡𝙚 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜?
𝙋𝙧𝙤𝙗𝙖𝙗𝙡𝙮 𝙣𝙤𝙩 𝙬𝙤𝙧𝙩𝙝 𝙬𝙤𝙧𝙧𝙮𝙞𝙣𝙜 𝙖𝙗𝙤𝙪𝙩. 𝙉𝙤𝙩 𝙮𝙚𝙩."
This coming from a guy who is an alleged 𝙚𝙭𝙥𝙚𝙧𝙩 at identifying and then connecting Dots? Dear Bill, if you are going to make a statement like this then you need to also let us know when it 𝗜𝗦 time to start "worrying" and what actions we should take to alleviate and/or protect against that worry. I'm not a Financial, Real Estate or International Living expert, but I am astute enough to realize that the solidifying of International Settlement methods other than SWIFT (y'know, like what they DID accomplish at last week's BRICS meeting) likely 𝗜𝗦 something that deserves maybe a tiny bit of "worry", and perhaps even some complimentary action to protect our hard-earned treasure. As mentioned, I'm not an expert so I don't know what those actions should be. That's kinda why we're all here.
Nah - Bonner says essentially don't worry, no action needed, carry on.
Sheesh man. You really phoned it in today, didn't you?
Finally, I will say "Bravo" on the magazine cover. How very fitting that the USD is on fire, starting at the method of Propulsion...
You guys do know that this isn't a marriage and you can leave at any time?
Meh. I figure why not enable him a bit since he's been hanging around for so long.
AND I'm a confirmed Glutton for Punishment...
Brilliant brother! We agree that Bill should spend more time with his knowledge of boltholes and financial problems. Neither subject should be political and he can go on writing without his liberal leanings. Still enjoy this site for some limited information from our host, and much more informative ideas from our friends here 😊
Hi Steve! I agree. The rest of the Bonner Team (Dan and Tom) are strong and focus on imminently harmful topics/actionable solutions, as opposed to Repetitive Doom with a side helping of unnecessary and unwarranted mudslinging...
But I think its more like a team.
Bill elaborates on the coming debacle while Dan & Tom provide actionable defense tactics reflective of the present state of affairs.
It seems to me that Bill has a lot of experience and tries to disturb a few feathers to understand what moves us. I hope so anyway. Maybe Bill doesn't have a lot more knowledge than the rest of us, just more a knowledge about how to make money or keep money.
Now Trump's latest idea of getting rid of taxes and replacing them with tariffs seems brilliant in the context of reducing government, although not part of his argument intelligently. It seems likely to break part of the leftist idea of big, bigger and biggest state protection system, that which is corrupt and growing. I can think of nothing more infuriating to the leftists than to get rid of the tax system and the 100,000 new IRS agents. I believe in free trade but it also seems there are times when a nation needs to rely on itself and although the world isn't that friendly (understandable for sure given our propensity to attack) but maybe it is time to work within the US to create an honest culture, one with integrity of its leaders to exhibit humility. My take on the Developed Country leaders right now is they are liars, war mongers which are printing and spending like idiots trying to retain power desperately. I like whatever disturbance Trump and instigate to these bleeding hearts. They don't know what they are doing but have a narrative which they think they can push onto society and spend it into oblivion. They believe they have control of the economy and that they can control society with all their collusive efforts and propaganda. The wars and simply foolish spending (on windmills for god's sake, their narrative) provide in my view the destruction of America through hubris. I view it as a bunch of inexperienced comrads who are going to stop hate and sexuality. I don't see Trump as the brainchild of solution at all but he does have the guts and audacity to stand up against these clowns.
Trumpmeister is a scripted Reality TV actor, and a die-hard zio'-bootlicker
Thanks for this insightful and bold analysis of Bonner. I would only comment that if Bonner dispensed with the gaslighting and half-truths, he wouldn't have much to say.
Why not get your own substack, then you could elucidate your own followers.
It's not like BPR is 'Hotel California' ... you can leave anytime you want !!
Stop the bad mouthing, and endless whining.
por favor
Mr C. Spot on my friend. They can go or stay as they wish.
I thoroughly disagree with this point.
Trumpstein is a dyed in wool zio-lackey ... he knows who has the shekels . You were aware that he was a lifelong demonrat ... Pubicly said if he ever ran for public office would do so as a Repube ... because Repubes are so stupid !!! gave Chucky Schummer his first campaign finance funds. Most recently he sold ( that of which he held no title) out the entire Palestinians West Bank to Isn'treal for US $ 100 MILLION campaign funding from Miriam Adelson. You seem to be suffering from another form of TDS.
I'm going to buy an Economist now. Got to have that cover on my wall too.
When I started studying economics I remember thinking the Economist must be some insightful magazine. But then when the stock market usually did the opposite of what the predictors predicted I was confused. Business Week had the same effect. Eventually I realized there was always an agenda behind these guys. They were amazingly wrong! It was like they were trying to deceive.
Got admit Bill does get the public thinking. Whether You agree with Him or not. I think this is His hidden agenda!
Bought the mag. My opinion of the Rabinovitch and Curr article was that it was weak. It might be that America is "in the lead" but the analysis seemed very European to me. What has helped America was the immigration, the government stepping in to save the economy, the reserve currency,...
I think the far better article was "Free Exchange" on Daron Acemoglu, Simon Johnson of MIT and James Robinson from U of Chicago. They wrote " The Colonial Origins of Comparative Development: An Empirical Investigation" which proposed the idea that institutions are central to economic growth. "America, Australia and Canada attracted Europeans settlers by offering them a chance to share in the wealth they produced via private property and free markets." My thoughts are this is the reason why America has had better productivity than most all these other nations which the following simple example demonstrates well. When one has an idea or a product which is free to be used as every individual American desires, in his own way as opposed to a centrally planned product like forcing everyone to use an EV, then this produces a million (or the number of people in the country) the ability to use that product or idea in each of a million ways. The result is a better product or a better result with a million different tests. If the society is forced to use the idea in the way that a few elite want it to be used then that only represents a few ideas or a few tested products/ ideas. Guess which system will provide a better result? Freedom and liberty are also an extremely important part of free ideas and free testing. Furthermore the motivation to utilize the idea and to improve the idea are not restricted. These centrally planned ideas are so restrictive and provide essentially no motivational aspect to use and distribution.
The USA mainstream press ignores the poppycock in Kazan for more compelling issues relevant to our Presidential election. Like name calling. He’s a —- She’s a —-
USA!!!USA!!!
Yeah, BRICS is going to be the answer, because they are all going to be "equal", like the start of the US. Let's see! China has the largest world's navy, a million man army, a government that rules it's unarmed citizens with an iron fist and no thought of expanding. Additionally, we have countries acquiring atomic weapons like a popcorn machine spews out kernals. However, we know that none of these "equal" countries or "non members" would ever make a mistake (for whatever reason) and use one of those weapons, because all countries would eventually be "equal".
I am guessing that the "acquiring atomic weapons" comment refers to Iran. Is that correct? Are there others? I'm asking sincerely.
I have no reliable info that there are others but I read something about South Africa having plans to do so. But Atomic Weapons aslo include Neutro Bombs (I believe that's the correct spelling). This is an atomic weapon that is exploded in the atmosphere and immediately destroys the electrical grid of a vast area, without directly killing people or structures. Anyway, you youngsters no far more about Atomic Weapons than this old man. Besides Iran, what about North Korea, that already has them.
Thanks!
The great thing about the Brics manufacturing countries, is they have to sell those goods somewhere, There own citizens generally cannot afford them. As the saying could be adapted for the Brics "they can't all take in each other's washing".
If the BRICS countries create a new currency and/or new means to settle debts among themselves, then this competitor could very well be the impetus for the US to make the dollar more appealing.
Naw, more like the continued impetus to krep on keeping on “kicking the can down the road”
to where? total destruction!
Hi Jimm -
Don't look now, but it seems like that is exactly what they did last week. Settlement System first, new Currency with real Tangible VALUE second...
https://www.reuters.com/world/factobox-main-points-brics-declaration-2024-10-23/
It is VERY difficult to find anything that informs as to what decisions were actually finalized last week. I had seen something last Friday that mentioned the adoption of the BRICS Cross Border Payment System and the BRICS Clear Depositary (that's how they spelled it) - doing a quick search now and can't find anything.
Hmmmmm. In light of the complete ignoring the summit got from the Western "media" last week, I'm sure I'm just not looking hard enough.
Not. Looking. Hard. Enough...
Here's a bit of info
https://expatmoney.com/blog/brics-summit-de-dollarization-gains-momentum
Not msm ha ha
The rich countries gonna be very successful.Corruption is ubiquitous. More than half their brain power is loaded down by bircas and zero education for women and girls. They all hate each other and giveing the middle finger to the West. All that set of course.We are blowing our own foot off with monetary policy. That can all be corrected with a stroke of a pen. Is dallas budget et cetera. Tom had a guest on saying our debt could pay For a new trident nuclear submarine every day and a half. States gotta rein in that federal government.
The Economist rag should have a subtitle
"What goes up must come down, spinning wheel got to go around" !!
I would also add that the Central Bank of China has increased it's physical gold holdings by 23% since 2018 and reduced it's holdings of U.S. Treasury Bonds by 40% during the past 10 years. Our U.S. leadership and public need to wake up. It's about a sound currency and economy, and not frivolous spending and endless wars.
Balanced budget