Nine tenths of government is always a scam, pretending to make people better off while actually controlling and exploiting them. But bad government seems to have gotten worse.
To keep the coffers full the ancient Egyptian governments sanctioned the looting of past Pharos tombs. Today instead of stealing from the past we loot from the future generations.
David, Oh, no. Those people north of Richmond steal from everybody - not just the future. Inflation isn't just a tax on the future but also a tax on those who have worked all their lives to have a "secure" retirement counting on social security and pensions/retirement plans. Neither of those have kept pace with inflation and will continue to fall further and further behind. They are stealing from everybody and anybody they can - alive, dead, or not born yet. Lying, cheating, and stealing - and they are delusional enough to feel we owe it to them.
Lo and Behold - Mr. Bill has found a new group of "experts" to continue gaslighting everyone by citing their "studies." I was curious since they got a shout out two days in a row (and counting.) So, who is this Peterson Foundation? You might be unsurprised to learn it is founded and funded by none other than billionaire Peter G. Peterson (RIP), co-founder of the Blackstone Group. Yep - the same Blackstone in cahoots with several other mega-financial "services" groups that are estimated to own 80% of the Stock Market, are currently buying up residential property and farmland, pushing the WEF, supporting "vaccines", promoting incessant war (it's great for their "business" don'tchaknow), Digital ID's and on and on. These people are the globalist deep state who believe they are untouchable and are no friend of Freedom, America or Donald Trump - regardless of how much credence a beloved "author and commentator" gives to their "research." Humbug - it's not like they would ever use their vast Power to manipulate conditions to their continued advantage and to the continued detriment of Society-at-large, amIright?
I have little doubt that Mr. Bonner has palled around with their ilk for many years, likely going all the way back to the days when he romped around with retired CIA "leaders." We see you Bill, but decide to read your daily musings anyway.
Alternatively, they seem to have some VERY good policies on their website and they talk a great game. I dunno, call me a skeptic I guess. I've seen too much deception in the last 30 years to take ANYTHING at face value. Sad - but it is what it is...
Have you confused the Blackstone Group with BlackRock, the gigantic firm with more than ten trillion dollars under management? If so, then you should not paint Peter Peterson of Blackstone with the same brush that Larry Fink, the uber-globalist leader of BlackRock, deserves to be painted.
Perhaps Bill Bonner's drawing here on the Peterson Foundation is not as stinky as you think it to be.
No, I am aware they are two separate entities with similar names. Though "smaller" than Blackrock in asset amounts "managed", Blackstone is in the same line of work with a very similar philosophy re. how they invest and what they invest in, as well as policies they encourage/promote. I'm not trashing them at all - just following a version of the old adage "follow the money." BB has felt it necessary to cite them twice in a row and I thought that was a bit unusual. I took just a surface look into what they do and am reporting back for BPR subscribers to draw their own conclusions - nothing more, nothing less.
For example, this is just one area that Blackstone is in lockstep with the aims of the Davos/WEF crowd:
Then Bill writes this drivel: "He’s [Trump is] also committed to extending his 2017 tax cuts – with a projected cost to the Treasury of $5.2 trillion over the next ten years."
Gee, I thought my money was mine and cutting taxes just allows me to keep more of it? Portraying that as a "cost to the Treasury" flips the script and makes all money the Treasury's and what they don't take from us in taxes is them being generous and magnanimous.
Undoubtedly. And we ain't seen nuthin' yet. Just wait until the "rebuilding" phase. The WIN for all of these entities as the skim the billions being spent will dwarf all their previous grift combined...
indication of how you always react to anything that even resembles criticism or opposing views which is why you are always at war with some one or thing ..
I'm at war with no one - I am at war with a set of beliefs masquerading as a "political system" that has killed millions, spread misery and failed terribly all throughout History. People that are as lost as many Americans are today will not be convinced beyond their conditioning. They are in a cult.
Criticism and Opposing Viewpoints are a great thing! They make most normal people think and further test their existing beliefs, then adjust those beliefs when Facts and Evidence warrant such a change. So strike 2, brother.
I refuse to coddle or even entertain the moronic, lethal "ldeals" and/or "Policies" of today's communist left/dimocrat party. They are playing hardball and for keeps. They have proven that I can expect no mercy and no quarter from them in this battle, so I will extend them neither.
if you can't see that you're at war with yourself and these opposing views, you're locked into a syndrome of self destruction because these opposing positions you hold will only destroy you .. your imagination and intellect are synchronously locked by conception that YOU have created or 'joined' in your own mind and applied to your waking reality .. ie you believe them as some of my ancestors believed in some of the ideas of Hitler .. the results were horrendous but it was impossible to awaken the out of their self induced fantasy reality .. I wish you well mate but hate or strong feelings about it don't make it right .. just slack off and consider the idea that your thoughts and opinions are not worth a fart in the winds of time .. it'll all be over soon ..
A collapse may not just be inevitable, it may be necessary. The sad thing is that history shows with every change, a whole new cast of clowns and swindlers moves in to take their place. I patiently wait for the one person to come back and restore his kingdom!
How would you, in your infinite wisdom and experience, propose to get the common, ordinary voting prole to understand that they are being driven into nothingness by their elected officials. Would you tell them; Don't forget to vote?
Teaser: You might be asking yourself the very valid question as to why the Dodd-Frank financial reform legislation of 2010, that followed the Wall Street financial quake of 2008, didn’t correct the derivatives gambling that played a central role in crashing the U.S. financial system. For why the threat of derivatives never actually went away, see our report:
I disagree with Bill's assessment of Trump's proposal to place tariffs on Chinese goods. The purpose of a tariff on a product is to discourage someone from buying that product. In his dispatch he states, "[Trump] proposes to make the public pay more for its imported products." No one is forcing the public to pay more for any product. If the price is too high, the public will not buy it, and may purchase an alternative, cheaper product instead. That is the purpose of the tariff. Bill further questions, "[H]ow does forcing people to buy inferior products at higher prices help them?" The answer to the question is partially in the question. I do believe that Chinese goods are inferior so why buy them in the first place? And no one is forcing anyone to buy anything. The higher prices are meant to discourage the purchase. That is what tariffs do.
One of my heroes, the second in line for indispensable man, instructor to the first, was Alexander Hamilton. His purpose for tariffs was to establish US manufacturing.
Today, the purpose, I observe, is to resurrect it.
I am sure there are other measures that would be useful.
The US is like California or NY, people leave because of mismanagement and high taxes. The rabble come in droves for handouts.
I suppose, if we resurrected Hamilton’s sound money, that would be enough.
There is a litany of mistakes. If we were again that bounteous harsh environment that rewarded personal thrift and industry and distributed nothing to the slacker, we would have a prosperous thriving society.
We have all, for many years, always chosen the false promises and values.
But……. In a much smaller market as may be relevant,As a kid, I had a holiday job in a small town dept. store. (Menswear). Locally made (Australia) woollen men’s cardigans were 75% of my labourer fathers weekly wages through protection by tariffs. Other examples in other brands and shoes.
Imported goods, though rarer , but with World quality brands were more expensive again because of levied tarrifs.
Eventual removal of tarrifs saw all those loval brands disappear or go off shore.
Imported quality brands reduced in price….. tarrif removal.
Textiles and clothing plus shoes are much, much more affordable…..
There are some made in China products that are world class particularly their optics industry. It may not be a necessity it does question their ability to compete, especially at much lower prices. And believe me when I state world class, its high quality and no its not out sourced its in house. Id be concerned not in the design or its processes so much as its final price. If you understand what Im getting at. Whats the average tax in America today? Or North America for that matter. The West has been misled on a grotesque scale. Smell something else the coffee is not working.
Worthy analogy Bill. But, AmeriKa’s Leaky Faucet Agency sham is kaput. The leak is now a torrent and the house is flooded to the ceiling and inundating the neighborhood. Got gold, tequila Anejo and bolthole…..
Nice video reference, Gone Fishn'. What about the fact that you can't eat Gold. You can't drink gold. Gold won't fuck you at night either. Gold doesn't shelter you or provide affection or love. Gold won't reproduce. Gold isn't even a thing unless you "imagine" what it could or couldn't do. Maybe it's time to reimagine things for humanity's sake.🤔
Failure to Prepare is Preparing to Fail. There are always choices: Save in fiat confetti monopoly bucks or sell those paper greenbacks in exchange for a tier one hard asset that is sound money.
I know an easy way to double your money is to fold it in half and put it in your wallet
This is gonna sting a bit. But it looks like there's still time to "get in the way" if Americans are so inclined. Here's the basis for my *points* from my last reply. Pass it on to those you care about: 👇‼️👇‼️👇
Okay, I get it, I've had my ass handed to me several times regarding this. ; )
The only other argument was that *if* the new world order decides to pull a Nixon-like scheme to usher in a worldwide, fiat-CBDC. They'd nicely, then, forcefully confiscate all precious metals for worldwide electrification, self imprisoned transportation and AI powered government - complete with next-gen satellite surveillance.
Our strategy is a bit different but certainly [liquidable] assets are particularly important. Thx GF!
Yeah, that is what I'm kinda talking about. We believe or maybe we're made to believe that. And you probably can bribe, those, with same values, sir. ; )
Even unattractive people are tolerable if they have what is perceived as valuable. And attractive people are nothing but whores if they believe in those values too.
“interest on the national debt alone now costs each four-member household about $7,500 annually” , so who gets paid that interest? And what happens to that money once it is paid?
With the unethical immoral press we have now, there is no way to keep our Republic from hitting the iceberg. Bill should be teaching this on TV or at least in our high schools. Everytime I see Harris and Trump I think of the movie "Idiocracy" and know we are heading there or this year we may have arrived.
An old timer once told me this. Now, I am the old timer.
“…take the palace, take the radio station. Coup d'état. Done.”
There is not an area of our culture, society, religion, law, that isn't under attack in some way shape or form. That is the craftiness of the agenda, overwhelm and destroy.
Flashback to a Prager U video from 2019. It is about the Prager U vs. YouTube lawsuit which is now more relevant than ever since a federal judge ruled that Google holds a monopoly.
To keep the coffers full the ancient Egyptian governments sanctioned the looting of past Pharos tombs. Today instead of stealing from the past we loot from the future generations.
David, Oh, no. Those people north of Richmond steal from everybody - not just the future. Inflation isn't just a tax on the future but also a tax on those who have worked all their lives to have a "secure" retirement counting on social security and pensions/retirement plans. Neither of those have kept pace with inflation and will continue to fall further and further behind. They are stealing from everybody and anybody they can - alive, dead, or not born yet. Lying, cheating, and stealing - and they are delusional enough to feel we owe it to them.
In Australia it’s ‘ People south of Sydney’. Same outcome……… ‘ damn the expense Mother, feed the cat another Goldfish….’
Lo and Behold - Mr. Bill has found a new group of "experts" to continue gaslighting everyone by citing their "studies." I was curious since they got a shout out two days in a row (and counting.) So, who is this Peterson Foundation? You might be unsurprised to learn it is founded and funded by none other than billionaire Peter G. Peterson (RIP), co-founder of the Blackstone Group. Yep - the same Blackstone in cahoots with several other mega-financial "services" groups that are estimated to own 80% of the Stock Market, are currently buying up residential property and farmland, pushing the WEF, supporting "vaccines", promoting incessant war (it's great for their "business" don'tchaknow), Digital ID's and on and on. These people are the globalist deep state who believe they are untouchable and are no friend of Freedom, America or Donald Trump - regardless of how much credence a beloved "author and commentator" gives to their "research." Humbug - it's not like they would ever use their vast Power to manipulate conditions to their continued advantage and to the continued detriment of Society-at-large, amIright?
I have little doubt that Mr. Bonner has palled around with their ilk for many years, likely going all the way back to the days when he romped around with retired CIA "leaders." We see you Bill, but decide to read your daily musings anyway.
Alternatively, they seem to have some VERY good policies on their website and they talk a great game. I dunno, call me a skeptic I guess. I've seen too much deception in the last 30 years to take ANYTHING at face value. Sad - but it is what it is...
https://www.pgpf.org/about
Well, well written!
Have you confused the Blackstone Group with BlackRock, the gigantic firm with more than ten trillion dollars under management? If so, then you should not paint Peter Peterson of Blackstone with the same brush that Larry Fink, the uber-globalist leader of BlackRock, deserves to be painted.
Perhaps Bill Bonner's drawing here on the Peterson Foundation is not as stinky as you think it to be.
Hi Mr. Eade,
No, I am aware they are two separate entities with similar names. Though "smaller" than Blackrock in asset amounts "managed", Blackstone is in the same line of work with a very similar philosophy re. how they invest and what they invest in, as well as policies they encourage/promote. I'm not trashing them at all - just following a version of the old adage "follow the money." BB has felt it necessary to cite them twice in a row and I thought that was a bit unusual. I took just a surface look into what they do and am reporting back for BPR subscribers to draw their own conclusions - nothing more, nothing less.
For example, this is just one area that Blackstone is in lockstep with the aims of the Davos/WEF crowd:
https://www.wsj.com/articles/blackstone-casts-a-wider-net-in-diversity-push-11603364430
Nailed it S’board in absolute terms 💯💯++ “…follow the money…”
(Walter) Wriston’s Law: Capital (meaning both money and ideas), when freed to travel “will go where it is wanted and stay where it is well treated.”
Then Bill writes this drivel: "He’s [Trump is] also committed to extending his 2017 tax cuts – with a projected cost to the Treasury of $5.2 trillion over the next ten years."
Gee, I thought my money was mine and cutting taxes just allows me to keep more of it? Portraying that as a "cost to the Treasury" flips the script and makes all money the Treasury's and what they don't take from us in taxes is them being generous and magnanimous.
That's BB showing his a**. Completely unintended and by accident. "Elitist" much?
Amen, brother--amen.
Not to mention Blackrock got what they did out of Ukraine probably not exactly as they had anticipated but they Im sure came out with a win.
Hi Pete -
Undoubtedly. And we ain't seen nuthin' yet. Just wait until the "rebuilding" phase. The WIN for all of these entities as the skim the billions being spent will dwarf all their previous grift combined...
Its all fckng perverse
Part of the establishment.
not sure who is the greater 'conspiracist' you or Bill or both ?
Hey it s only fiat dont worry about it, fuget about it.
One man's "Conspiracist" is another man's "Realist" and another man's... well, nothing. Because that third guy has his head up his butt...
indication of how you always react to anything that even resembles criticism or opposing views which is why you are always at war with some one or thing ..
Hi Alty -
I'm at war with no one - I am at war with a set of beliefs masquerading as a "political system" that has killed millions, spread misery and failed terribly all throughout History. People that are as lost as many Americans are today will not be convinced beyond their conditioning. They are in a cult.
Criticism and Opposing Viewpoints are a great thing! They make most normal people think and further test their existing beliefs, then adjust those beliefs when Facts and Evidence warrant such a change. So strike 2, brother.
I refuse to coddle or even entertain the moronic, lethal "ldeals" and/or "Policies" of today's communist left/dimocrat party. They are playing hardball and for keeps. They have proven that I can expect no mercy and no quarter from them in this battle, so I will extend them neither.
Yer out...
if you can't see that you're at war with yourself and these opposing views, you're locked into a syndrome of self destruction because these opposing positions you hold will only destroy you .. your imagination and intellect are synchronously locked by conception that YOU have created or 'joined' in your own mind and applied to your waking reality .. ie you believe them as some of my ancestors believed in some of the ideas of Hitler .. the results were horrendous but it was impossible to awaken the out of their self induced fantasy reality .. I wish you well mate but hate or strong feelings about it don't make it right .. just slack off and consider the idea that your thoughts and opinions are not worth a fart in the winds of time .. it'll all be over soon ..
Thank you, Mr. Schule. I am in complete agreement with your last 3 sentences...
A collapse may not just be inevitable, it may be necessary. The sad thing is that history shows with every change, a whole new cast of clowns and swindlers moves in to take their place. I patiently wait for the one person to come back and restore his kingdom!
It also may be deliberate.
Government derives its power through theft and fraud with a monopoly on force.
This allows them to achieve criminality at a breathtaking scale.
Why would we ever expect morality and fiduciary duty from thieves and liars.
The cost of government, no matter what epoch, is human blood and suffering.
How would you, in your infinite wisdom and experience, propose to get the common, ordinary voting prole to understand that they are being driven into nothingness by their elected officials. Would you tell them; Don't forget to vote?
Nothing revolutionary will happen until things really go off the rails. and my gut tells me that won't be long...
How more off the rails can it get???
Unfortunately RICH, and I assume (if I'm wrong about your age, apologies) you're of or around S.S. age, that you know things can get much, much worse.
Yes, I agree but only for the prole. The cabal and their cronies will hide behind the arms. It, the cabal, just has too much power over everything.
Bill:
The leaky faucet parody is exactly what our government agencies do. Most are expensive to run and most are worthless with idiots running them.
AP
This sums it up! It’s too simple, too clear, too true, and too bad.
All the Devils from 2008 Are Back at the Megabanks: Leverage, Off-Balance-Sheet Debt, Over $192 Trillion in Derivatives, Shaky Capital Levels
Wall Street On Parade has posted a new item by Pam Martens and Russ Martens: August 20, 2024
https://wallstreetonparade.com/2024/08/all-the-devils-from-2008-are-back-at-the-megabanks-leverage-off-balance-sheet-debt-over-192-trillion-in-derivatives-shaky-capital-levels/
Teaser: You might be asking yourself the very valid question as to why the Dodd-Frank financial reform legislation of 2010, that followed the Wall Street financial quake of 2008, didn’t correct the derivatives gambling that played a central role in crashing the U.S. financial system. For why the threat of derivatives never actually went away, see our report:
Meet the Two (2) Congressmen Who Facilitated Today’s Derivatives Nightmare at Wall Street’s Mega Banks https://wallstreetonparade.com/2021/08/meet-the-two-congressmen-who-facilitated-todays-derivatives-nightmare-at-wall-streets-mega-banks/
Yes. ‘ ….Whistling past the graveyard….’
Thanks maaan! Love being able to see things when it's to fkn late to do anything about it. Such is life in fantasy world.
Unbelievable!
I disagree with Bill's assessment of Trump's proposal to place tariffs on Chinese goods. The purpose of a tariff on a product is to discourage someone from buying that product. In his dispatch he states, "[Trump] proposes to make the public pay more for its imported products." No one is forcing the public to pay more for any product. If the price is too high, the public will not buy it, and may purchase an alternative, cheaper product instead. That is the purpose of the tariff. Bill further questions, "[H]ow does forcing people to buy inferior products at higher prices help them?" The answer to the question is partially in the question. I do believe that Chinese goods are inferior so why buy them in the first place? And no one is forcing anyone to buy anything. The higher prices are meant to discourage the purchase. That is what tariffs do.
One of my heroes, the second in line for indispensable man, instructor to the first, was Alexander Hamilton. His purpose for tariffs was to establish US manufacturing.
Today, the purpose, I observe, is to resurrect it.
I am sure there are other measures that would be useful.
The US is like California or NY, people leave because of mismanagement and high taxes. The rabble come in droves for handouts.
I suppose, if we resurrected Hamilton’s sound money, that would be enough.
There is a litany of mistakes. If we were again that bounteous harsh environment that rewarded personal thrift and industry and distributed nothing to the slacker, we would have a prosperous thriving society.
We have all, for many years, always chosen the false promises and values.
The cost is due.
But……. In a much smaller market as may be relevant,As a kid, I had a holiday job in a small town dept. store. (Menswear). Locally made (Australia) woollen men’s cardigans were 75% of my labourer fathers weekly wages through protection by tariffs. Other examples in other brands and shoes.
Imported goods, though rarer , but with World quality brands were more expensive again because of levied tarrifs.
Eventual removal of tarrifs saw all those loval brands disappear or go off shore.
Imported quality brands reduced in price….. tarrif removal.
Textiles and clothing plus shoes are much, much more affordable…..
Depends how you want to look at it.
Unemployment is 4% in Oz.
There are some made in China products that are world class particularly their optics industry. It may not be a necessity it does question their ability to compete, especially at much lower prices. And believe me when I state world class, its high quality and no its not out sourced its in house. Id be concerned not in the design or its processes so much as its final price. If you understand what Im getting at. Whats the average tax in America today? Or North America for that matter. The West has been misled on a grotesque scale. Smell something else the coffee is not working.
Worthy analogy Bill. But, AmeriKa’s Leaky Faucet Agency sham is kaput. The leak is now a torrent and the house is flooded to the ceiling and inundating the neighborhood. Got gold, tequila Anejo and bolthole…..
Cristalino fan here…
💯++ re: “Got gold, tequila Anejo and bolthole…..”. Priceless!
And on a personal note, Corzo (anejo) Reposado neat.
And now a brief 15min video, courtesy of Au & Ag guru - https://m.youtube.com/watch?v=ylwhkFjRWw8
Cheers,
Mark
M, will do & thanks. D
Nice video reference, Gone Fishn'. What about the fact that you can't eat Gold. You can't drink gold. Gold won't fuck you at night either. Gold doesn't shelter you or provide affection or love. Gold won't reproduce. Gold isn't even a thing unless you "imagine" what it could or couldn't do. Maybe it's time to reimagine things for humanity's sake.🤔
Failure to Prepare is Preparing to Fail. There are always choices: Save in fiat confetti monopoly bucks or sell those paper greenbacks in exchange for a tier one hard asset that is sound money.
I know an easy way to double your money is to fold it in half and put it in your wallet
This is gonna sting a bit. But it looks like there's still time to "get in the way" if Americans are so inclined. Here's the basis for my *points* from my last reply. Pass it on to those you care about: 👇‼️👇‼️👇
https://open.substack.com/pub/interestofjustice/p/un-is-accelerating-the-three-outcome?
Okay, I get it, I've had my ass handed to me several times regarding this. ; )
The only other argument was that *if* the new world order decides to pull a Nixon-like scheme to usher in a worldwide, fiat-CBDC. They'd nicely, then, forcefully confiscate all precious metals for worldwide electrification, self imprisoned transportation and AI powered government - complete with next-gen satellite surveillance.
Our strategy is a bit different but certainly [liquidable] assets are particularly important. Thx GF!
All true, sir. But a small handful of Gold will get me all those things - and then some...
Yeah, that is what I'm kinda talking about. We believe or maybe we're made to believe that. And you probably can bribe, those, with same values, sir. ; )
Even unattractive people are tolerable if they have what is perceived as valuable. And attractive people are nothing but whores if they believe in those values too.
You may wish to reimagine your CommieCrat mantra and ludicrous meandering before the SHTF sir. Imagine the benefit of having gold would be then.
Point on, touché Mr Embry. Thank you.
It is not as though BPR paid subscribers are kneeling before graven golden idols.
As we both know, this substack is dedicated to opinions expressed by the publisher and not personalized financial\investment advice.
Some readers will not (or cannot) grasp the unsustainable magnitude of worldwide national debts AND how massive are global debts.
Global Debt Illustrated - https://tinyurl.com/4teyhukf
"Ludicrous" - Okay maybe it's a radical analogy. But it's kinda true.
My father is closer to "commiecrats" than me actually. We have our own perspectives too.
Bad government is just government. It has always been bad.
Unless, of course, one believes in making America great again.
According to 60% of America it was never great.
Bottom line: bad, worse, better, good, great.
They are ALL the same.
Just opinions!
“interest on the national debt alone now costs each four-member household about $7,500 annually” , so who gets paid that interest? And what happens to that money once it is paid?
The bond holders. Maybe you have invested in some...
With the unethical immoral press we have now, there is no way to keep our Republic from hitting the iceberg. Bill should be teaching this on TV or at least in our high schools. Everytime I see Harris and Trump I think of the movie "Idiocracy" and know we are heading there or this year we may have arrived.
💯+💯 regarding the press Mr Gmitter.
An old timer once told me this. Now, I am the old timer.
“…take the palace, take the radio station. Coup d'état. Done.”
There is not an area of our culture, society, religion, law, that isn't under attack in some way shape or form. That is the craftiness of the agenda, overwhelm and destroy.
Here is a brief video https://www.youtube.com/watch?v=PmoJxB6ryAA&list=WL&index=20
Flashback to a Prager U video from 2019. It is about the Prager U vs. YouTube lawsuit which is now more relevant than ever since a federal judge ruled that Google holds a monopoly.
If nine tenths of government is a scam … which it is … then Trump’s tax cut are modest if he removes just one tenth.
...the faucet story... Bahahahaha!!
Completely true and completely stupid.