After the Peace of Westphalia came the glory of the nation state — one people, one place, and one King...typically united by one common language, one God, one law.
An argument can be made that the Big Loss came and went. We have seen gold go from $35/(troy) ounce to over $4000/(troy) ounce, with a concomitant loss of value of the Dollar from 100% down to less than 1% in that span. It's similar to the tortoise and the hare: while we were all focussed on the overnight-wipeout version of the Big Loss, the slow-but-steady stealth version of TBL (The Big Loss) was gradually winning the "race". Best always. PM
In the 70s I was serving on the central committee in Minnesota for the Republican Party and it was impossible to win an election after watergate. We hired a consultant to discuss the future of the party and his conclusion was that we had to stop shooting Santa clause. That is when the Republicans joined the democrats in uncontrolled spending
Well, sure. That's one way to go - join the Democrats in the destruction of our civilization. Or.... you could have explained the facts of reality to the populace and tell them that human flourishing comes from productive effort and that nothing is for free (and, of course, explain all the reasons why this is true). You could have also realized that our education system was being taken over by progressive collectivist leftists and countered that (a point that the novelist/philosopher Ayn Rand made over and over in the 60s and 70s).
Fiat is the root cause of all the world's ills. If this fake money and the global banksters like the IMF who issue it didn't exist, there would be billions fewer useless eaters wandering the earth, many of whom are now gravitating toward and living off handouts from the bankrupt welfare states of Western Europe and the US.
So it's a catch-22 - an attempt to return to sound money would mean billions of people would die.
The reaper is a clever devil. Shrouded in his cloak of many devices, he’ll sneak around unseen and do his thing secretly. When the time is ripe, and man has gone to seed, he’ll throw off his cloak and attack in broad daylight. He acts just for spite. Instead of recognizing the perils, people listen to the soothing jargon of politicians. Therein lies the death of a society. The reaper and the pols are in cahoots and we opening cheer them on. La fin.
In theory, I've always thought that a combination of the two might work: a dictator who must be a strict constitutionalist could be a way to go. Bonner always says "When the money goes, everything goes," but my version of that is that when consensus goes, everything goes. When the US got to the point where the two sides were split roughly equally, consensus became a casualty, and we have been politically and culturally adrift ever since. Best always. PM
Bill, I like the piece today. It is sad that we (and other nation either) can learn from all the mistakes of the past. I spent most of today with my eight year old grandson who has four sisters in their 20's, two who are married and I could not get the status of the world we live in out of my mind. Very sad. I know being worried about the future won't make their life any easier but sincerely hope I can leave something behind that van provide a solid backup for them in the future. I truly believe only God can change the course of the future.
simply marvelous .. let the human circus continue its exponential course .. the end is sight .. the resulting chaos will exceed all of human history's calamities unless a cosmic one occurs .. thus may the dinosaurs rest in peace ..
Mr. Bonner's statements and the subscriber comments cause bm to submit the following to you all:
We are looking at downsizing, selling our home and moving to a smaller condo in the next 3-4 months. I seek your counsel on how our economic situation effects American housing values.
And with our Congress whose members seek re-election by spending year after year money we don't have and a unrestrained chief executive willing to give everyone $5000, the worst is yet to come.
Among the worst are Democrat Socialists championing Robin Hood wealth-taking economics.
Mystifying to me why no one pitches policies designed to enable more wealth-making
Do you mean somebody in the Congress? Please, those folks are one way people. The have no idea how to make money. No, their skill set is how to spend your money and make you think they are doing you a favor and, let you know that they are the only ones who posses such skills.
Jimm. I truly believe so few people want to hear that. So few people in this country understand the meaning of sound money. Our population is hopelessly distracted I knew from your postings that you believe there can be some sort of a soft landing. I pray you are correct but I have a house in the mountains of West Va, Virginia to flee to just in case. We will see.
An argument can be made that the Big Loss came and went. We have seen gold go from $35/(troy) ounce to over $4000/(troy) ounce, with a concomitant loss of value of the Dollar from 100% down to less than 1% in that span. It's similar to the tortoise and the hare: while we were all focussed on the overnight-wipeout version of the Big Loss, the slow-but-steady stealth version of TBL (The Big Loss) was gradually winning the "race". Best always. PM
In the 70s I was serving on the central committee in Minnesota for the Republican Party and it was impossible to win an election after watergate. We hired a consultant to discuss the future of the party and his conclusion was that we had to stop shooting Santa clause. That is when the Republicans joined the democrats in uncontrolled spending
In the 70s I was serving burgers & fries at Jack-in-the-Box, buying used Ford Mustangs for
$600, and dating beautiful beach girls in So. Cal. I think I got the better deal!
Well, sure. That's one way to go - join the Democrats in the destruction of our civilization. Or.... you could have explained the facts of reality to the populace and tell them that human flourishing comes from productive effort and that nothing is for free (and, of course, explain all the reasons why this is true). You could have also realized that our education system was being taken over by progressive collectivist leftists and countered that (a point that the novelist/philosopher Ayn Rand made over and over in the 60s and 70s).
https://mikelilley.com/wp-content/uploads/2025/04/Franciscos-Money-Speech.pdf
yes Dr Ron Paul did exactly that .. but did I see you at his Tampa Bay convention ..?
Fiat is the root cause of all the world's ills. If this fake money and the global banksters like the IMF who issue it didn't exist, there would be billions fewer useless eaters wandering the earth, many of whom are now gravitating toward and living off handouts from the bankrupt welfare states of Western Europe and the US.
So it's a catch-22 - an attempt to return to sound money would mean billions of people would die.
Is it fiat or love of fiat? No matter. Like the Inquisition, fiat is here, and it's here to stay! Best always. PM
Semantics 😉
The reaper is a clever devil. Shrouded in his cloak of many devices, he’ll sneak around unseen and do his thing secretly. When the time is ripe, and man has gone to seed, he’ll throw off his cloak and attack in broad daylight. He acts just for spite. Instead of recognizing the perils, people listen to the soothing jargon of politicians. Therein lies the death of a society. The reaper and the pols are in cahoots and we opening cheer them on. La fin.
Ein Volk, Ein Reich, Ein Fuhrer...
vs
Unbridled immigration and cultural chaos, one world order, global tyrants...
-
I'll take what's behind curtian number 3
In theory, I've always thought that a combination of the two might work: a dictator who must be a strict constitutionalist could be a way to go. Bonner always says "When the money goes, everything goes," but my version of that is that when consensus goes, everything goes. When the US got to the point where the two sides were split roughly equally, consensus became a casualty, and we have been politically and culturally adrift ever since. Best always. PM
There were some awesome word arrangements in there; Bill at its best.
I was looking at stock charts yesterday; Bill hits home runs with the trade of the decade.
One practical solution, to mitigate disaster, end gasohol and subsidize rice and beans.
Every solution, like a trip, starts with the first small step.
Without the ethanol boondoggle, there would have been a crisis in the farming sector years ago. It's coming, anyway. Best always. PM
I am trying to avert an eating crisis.
Bill, I like the piece today. It is sad that we (and other nation either) can learn from all the mistakes of the past. I spent most of today with my eight year old grandson who has four sisters in their 20's, two who are married and I could not get the status of the world we live in out of my mind. Very sad. I know being worried about the future won't make their life any easier but sincerely hope I can leave something behind that van provide a solid backup for them in the future. I truly believe only God can change the course of the future.
Some very good comments from the crew today.
Jim Marshall
simply marvelous .. let the human circus continue its exponential course .. the end is sight .. the resulting chaos will exceed all of human history's calamities unless a cosmic one occurs .. thus may the dinosaurs rest in peace ..
“But even ‘conservative’ Republicans, if there are any left in ‘public service,’ are afraid to propose cutting back.”
Ain’t this the sad damned fact of the matter.
I'm confused... doesn't our subscription include Joel's note? If yep, how come I'm being asked to sign up to read all of a post.
Mr. Bonner's statements and the subscriber comments cause bm to submit the following to you all:
We are looking at downsizing, selling our home and moving to a smaller condo in the next 3-4 months. I seek your counsel on how our economic situation effects American housing values.
MW
Hard to believe, as Bill implies, that this is the beginning of the end.
Surely, indebted governments -- ours in particular -- can reduce spending as a simple means to exhibit fiscal discipline.
Perhaps to tame the bond market, whatever Bush, et al, did in 2007 can be tweaked and employed again.
At a minimum, DJT should declare victory and bring the troops home.
Jimm, how many beginnings do we get? I thought closing the gold window was the beginning. Best always. PM
Yes; you're right.
And with our Congress whose members seek re-election by spending year after year money we don't have and a unrestrained chief executive willing to give everyone $5000, the worst is yet to come.
Among the worst are Democrat Socialists championing Robin Hood wealth-taking economics.
Mystifying to me why no one pitches policies designed to enable more wealth-making
Do you mean somebody in the Congress? Please, those folks are one way people. The have no idea how to make money. No, their skill set is how to spend your money and make you think they are doing you a favor and, let you know that they are the only ones who posses such skills.
Jimm. I truly believe so few people want to hear that. So few people in this country understand the meaning of sound money. Our population is hopelessly distracted I knew from your postings that you believe there can be some sort of a soft landing. I pray you are correct but I have a house in the mountains of West Va, Virginia to flee to just in case. We will see.