| By Bill Bonner Monday, June 22, 2020 – Week 15 of the Quarantine Fun, fun, fun, ‘til her daddy takes the T-bird away – The Beach Boys SAN MARTIN, ARGENTINA – Last week, we saw how the fake-money system has created two very different countries. To put it in its starkest form, in one of them, you get killed for passing a fake $20 bill. In the other, you get your mug on TIME Magazine’s cover as a “hero” for passing trillions of them. In one of them, you get 33 times more “stimulus” money than in the other. In one of them, you can expect a good job with a rising income. In the other, you’ll be lucky if you have a job at all. These two Americas weren’t the product of natural economic evolution. They’re the sour fruit of a corrupt, fake-money system. Last week, we saw how the fake-money system makes something as loony as reparations seem plausible. This week, we wonder about what else might be coming down the pike. | Recommended Link | Are you a victim of financial fake news? If you've bought or sold a stock since February 20, 2020... And ESPECIALLY if you've lost money since February 20, 2020... You'll want to see Teeka Tiwari’s exposé this Thursday... Because you've been a victim of financial fake news. | | | - | Circuit Breaker We begin with a look at what happens when the fun stops. That is, when the T-Bird gets taken away. Here’s MarketWatch: Stephen Roach, Yale University senior fellow and former Morgan Stanley Asia chairman, has a warning for U.S. dollar bulls. The prominent economist says that the era of the U.S. buck may be coming to an end and is forecasting a 35% decline soon in the U.S. currency against its major rivals, citing increases in the nation’s deficit and dwindling savings. The lecturer said during CNBC’s “Trading Nation” on Monday that the rise of China and the decoupling of the U.S. from its trade partners is setting the stage for a dramatic weakening of the U.S. currency in the next few years that is likely to end the supremacy of the monetary unit as the world’s reserve currency. The dollar is a kind of “circuit breaker,” the weakest link in the whole fake-money chain. The feds have almost unlimited power. They can pay off their cronies and make the rich richer. They can give $1,200 checks to everyone. They can build bridges… attack poor foreign countries… hand out free money to poor people… provide bread and circuses for the masses… outfit their spooks and their goons… subsidize… bribe… hire… lend… and spend until the cows come home. Why Did the Wall Street Journal Hide This From You?! In short, they can do almost any damn fool thing they want – as long as they can pay for it. But all of these transactions take place in U.S. dollars. And while they can produce as many dollars as they want, they can’t force people to take them seriously. Generally and eventually, the more you “print,” the less they are worth. As the fake dollar goes, so goes the empire. That is, they go down together. It’s always more dangerous coming down a mountain than going up. And neither the illustrious Federal Reserve chief, Jay Powell, nor the stable genius in the White House can think of any better policy than to tie us all to the fake dollar… print more and more of them… and stumble down Everest. | Recommended Link | | This weird painting hides a trillion-dollar secret (can you spot it?) It looks like a painting you might see at the Metropolitan Museum of Art… or the Louvre. But the "artist" who created this portrait is not a name you'd recognize. That's because it isn't a human at all. It is an AI "robot." And the technology behind it is growing at an incredible pace. More than 75 billion devices worldwide could access it by 2025. And according to PricewaterhouseCoopers, more than $15 trillion in wealth is up for grabs. That means you need to know the right stocks to buy now. Silicon Valley angel investor Jeff Brown has three companies at the top of his list. He predicts these three companies could one day be worth 15x more than Apple. | | | -- | Choosing Sides Meanwhile, the rot at the heart of the system is causing Americans to move to the extremities. Red or Blue… conservative or liberal… for or against. And the two sides are moving farther and farther away from each other. This top financial expert just returned from a private meeting with members of the Senate Financial Services Committee… Donald Trump seems to be firmly in charge of one side – pitching “law and order” as a campaign theme. The other side has yet to find its voice. Democrats chose Joe Biden as their candidate. But in a period of late, degenerate empire, the center turns to mush. People distrust and dislike “the system.” They know it is corrupt and inept. They want a solution… and a strong leader – a Maximilien Robespierre, Vladimir Lenin, or Juan Perón – to take them to the promised land. In Biden, they have chosen the status quo. Even if he wins the election, we doubt that will take them very far. In Agreement Because the one policy that both left and right agree on is money-printing. To simplify, Mr. Trump favors printing money for corporations, bridges, walls, cronies, the military, Wall Street, and the Deep State factions that support him. The Democrats, on the other hand, favor a universal basic income, free medical care for everyone, free education, more “social programs”… and more money for the Deep State and Wall Street, too. (And maybe even reparations.) But U.S. savings are already tapped out. If the feds were to borrow honestly, they would have to let interest rates rise – which would deepen the recession. Alternatively, they could raise taxes to pay for these programs… But that, too, would simply weaken the economy they claim to be “stimulating.” So, there’s really only one choice. All of this spending – whether by the right or the left – will have to be covered by “printing-press money.” | Recommended Link | | "Breathtaking Stimulus"… Could End Financial Freedom As We Know It Are you struggling to get your head around the $2.2 trillion "stimulus" politicians just unleashed in the wake of the coronavirus panic? If so… you're not alone. While most people applaud this bold move by our political leaders to "save the economy"… Former congressional insider Dan Denning discovered a dangerous secret about so much government influence on the money supply. For three years, Dan's been warning readers: "If you are an investor… own life insurance or annuities… or have substantial savings in an FDIC-insured bank account… then you need to be aware of serious risks." Now, everything Dan predicted is coming true – at an alarming pace. Even more disturbing is the story Dan uncovered. It dates all the way back to 1933… When a radical group of political insiders developed a plan for the government to take over America's money supply during an emergency… an emergency like the COVID-19 shutdown. Today, a new group of insiders in Washington want to implement this 87-year-old plan. And the result could be the end of financial freedom in America. You don't have much time to protect yourself – and your savings. | | | -- | More Fake Money Already, Mr. Trump’s regime has printed more fake money in a shorter period of time than any government in the history of the world. He has spent… and borrowed… so much that even his Republican colleagues are alarmed. Here’s CNSNews: A coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.) warning that the congressional spending in the coronavirus must stop because it’s getting very close to $10 trillion, which is more than the government spent fighting the Revolutionary War, Civil War, and World War I and II combined. The U.S. deficit is edging up to 20% of GDP… And yet, the feds are promising even more fake money. On the table is Trump’s plan to spend $1 trillion on infrastructure. From Bloomberg: The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life, according to people familiar with the plan. A preliminary version being prepared by the Department of Transportation would reserve most of the money for traditional infrastructure work, like roads and bridges, but would also set aside funds for 5G wireless infrastructure and rural broadband, the people said. Also, here’s the Democrat’s plan. CNBC: If House Democrats have their way, a second batch of checks would be deployed to qualifying Americans. That’s based on the HEROES Act it passed in May. Those payments would be similar to the first round – up to $1,200 per individual or $2,400 per couple. And this time eligible dependents would stand to receive $1,200, up from $500, for a maximum of three per family. Where does all this money-printing lead? What happens when the T-Bird gets taken away? Stay tuned… Regards, Bill
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FEATURED READS Expect Deep U.S. Economic Contraction Next Quarter
Effects of the coronavirus on GDP contraction are severe. And the second quarter is likely going to be worse than expected, concludes the International Monetary Fund. While some parts of the country are reopening, the virus continues to slow down recovery. How Wall Street’s Unfair Advantage Affects Your Investments
The Wall Street elites know they not only have access to the best investments, but to the best information, too. And often at the expense of the Main Street economy. Former hedge fund manager Teeka Tiwari wants to help you level the playing field… and keep Wall Street from profiting off your disadvantage. You can learn more about his strategy by clicking here. MAILBAG Last week, one dear reader asked what’s wrong with the slogan “All Lives Matter” in the rise of recent race conversations. One dear reader explains… and another believes we all have more work to do... The term “All Lives Matter” is dismissive and pretends not to understand where “Black Lives Matter” is coming from. The issue is the importance of Black lives in a White society, not Whites feeling ignored by this cause. Imagine a situation years ago of protesters telling slave owners, “Black Lives Matter,” only to be told “All Lives Matter.” Yuck! – Gordon R. I’m surprised that our dear editor has not had the guts to admit that we are all racist to varying degrees. We all prefer to be with people of our own type (i.e. race), whether type is defined by skin color, wealth, gender, ethnicity, education, religion, etc. No thought police will be able to expunge our natural racist tendencies – and trying to do so only creates guilt that masks the real issue – how we treat people of different races. Do we accept them as equal but different? Are we respectful enough to be interested to learn how they think and what their different values and beliefs are? May we all learn to ACCEPT and RESPECT! – Nick A. The world has gone mad, but the scales of justice have to help bring good back to the world, one that used to be based on family traditions and charity. We are one team to give back what was taken so long ago. Life should never have been this hard, and good will win over evil if we know that we belong on one team, wherever we were born or the color of our skin. Life is giving us a second chance to take back the reins and leave a better world for our children. Pray, laugh, hug someone you love and make a difference. – George P. I love your perspective and your truths. So rare these days. – Kathy H. Is the phrase “All Lives Matter” dismissive of the Black story? Are we all “racist to varying degrees,” as Nick believes? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Teeka Tiwari Voted Most Trusted Man in Crypto For three decades, Teeka Tiwari has built an impressive resume in the upper echelons of the financial world. Recently, that has included a successful run making profitable recommendations during the 2017 Crypto Boom. And warning people ahead of the 2018 Crypto Bust. That's why he was recently voted by more than 130,000 crypto enthusiasts… From 135 countries… As the Most Trusted Man in Crypto. Now, Teeka has a new prediction… To find out how you can learn more, and take advantage of Teeka's crypto knowledge… click here 
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