| By Bill Bonner Thursday, July 23, 2020 – Week 19 of the Quarantine SALTA, ARGENTINA – Dear Reader George S. notes: “Your comments are from the vantage point of a Monday Morning Quarterback.” Yep. That is almost right. We only react to the news after it has happened. But we have no football helmet. We stay off the field. We call no plays. We have no running backs to whom we can hand off the ball. And we get no money for celebrity endorsements and no opportunity to harass the cheerleaders. We are an observer, not a player. We do nothing that you couldn’t do… we see nothing you don’t see… we have no thoughts, ideas, or experiences that you couldn’t find elsewhere… …we just watch the game… and try to make sense of what is going on. But sometimes, we look ahead. We see A firing a pistol at B, and we guess that B will end up in the morgue… | Recommended Link | | How to Make a Fortune on "6G" 5G has barely hit the market… And already there is something more powerful. A combination of technologies that takes regular 5G – and turbocharges it. In fact, the new technology is so superior to consumer 5G… Angel investor Jeff Brown believes we are looking at what he calls an "early version" of the 6G network… The next level up in speed, processing, and computing power. And right now, the biggest companies in America are paying a king's ransom to get access. Apple is paying $30 million every month to use this early 6G network. Facebook forks over $11 million per month for private access. And Netflix spent $19 million a month during the pandemic. The list of groups paying for 6G access doesn't stop in the corporate world. NASA, the U.S. Department of State, the USDA… The European Space Agency… Even the world-famous British Broadcasting Corporation (BBC)… All are currently using this explosive early 6G network. In total, as many as 100,000 of the world's most successful companies are paying a fortune to get early access to the next level of network speed: 6G One company runs this special 6G operation. In fact, Jeff believes this 6G pioneer is the most important tech company in the world. Some folks even think this company's owner could soon become the world's first trillionaire. In this video, Jeff is going to show you how to make a fortune because of 6G. | | | -- | Locked and Loaded We only bring it up because, today, we see a lot of rowdy fans… and many people locking and loading. Our hypothesis: A corrupt money system corrupts the entire society. And then, things get nasty. People take sides. They no longer trust one another… or their own institutions. Over in the military/industrial complex, $7 trillion worth of fake money paid for nearly 20 years of unwinnable wars. Instead of fighting a real enemy, America’s soldiers were asked to put down “insurrections” and kill “terrorists” in the Middle East. The boondoggle – the War on Terror – brought billions in profits to defense industry cronies… and a kind of ersatz glory to the warriors. It also brought big increases in snooping and snitching …“see something, say something”… and the creation of a whole new internal Afghanistan-style police force: Homeland Security. And now, this Doberman is ready to be unleashed against the homeland itself. "Tech Royalties" could be the answer to a fruitful retirement. On the other side, there are millions of Americans living in a fantasy world. An estimated 80 million adults don’t pay taxes. And probably more than a hundred million people think they are entitled to something – a universal basic income, welfare, free medical care, disability, abortions, sex change operations, “affordable” housing… you name it. Among them are many who think they should get special treatment because of some remote ancestor, their sex or sexual preferences, their religion… whatever… …and some who want to tear down other people’s monuments and destroy the whole structure of American society because it contains traces of “colonialism,” “racism” or “anti-LGBTQ Plus!-ism.” The only thing both groups agree on is the one thing that will ruin them both – more corrupt money-printing. Senator Rand Paul: The majority of Republicans are now no different than socialist Democrats when it comes to debt. They simply don’t care about debt and are preparing to add at least another trillion dollars in debt this month, combined with the trillions from earlier this summer. | Recommended Link | | WHO PROFITS FROM FAKE FINANCIAL NEWS? YOU CAN! Over the last three months, legendary hedge fund manager Teeka Tiwari was obsessed with finding the answer to the question… Who profits from fake financial news? And the names he uncovered are shocking. Famous investors saying one thing to the public... and soon after... Doing the complete opposite in their secret market. More importantly, he uncovered a little-known dark data feed that tips him off to this fake financial news… | | | -- | Hand-to-Mouth Economy Powerful people, on both sides, think the printing presses can fund any damned fool thing they want. As we saw, following the Crisis of ’08-’09, the printing presses ran hot as trillions of fake money was given to Wall Street to boost asset prices. Banks were bailed out. Mismanaged businesses were saved. Bonuses were paid out to executives who should have been fired. Since only about 10% of the population own a significant amount of stocks and bonds, and assuming that the total “wealth effect” toted to about $20 trillion, each of the people in the top 10% got an average of $600,000 in unearned new wealth. "Pressure Point" Technique Could Double Your Money in 30 Days. Few people really understood what was going on. But the unfairness of it was visible to everyone. And then, thanks to the feds’ low interest rates and fake money-printing, debt increased. Both businesses and households shifted from “just in case” savings to “just in time” borrowing. The result? In the last 10 years, $23 trillion in new debt was added to the economy… and the hand-to-mouth economy was more vulnerable than ever before. Aim for the Stars The next crisis – over the last four months – proved it. And what was the feds’ reaction? First, they shut down businesses, schools, churches, restaurants, bars, and just about everything else. And then, as if they could make up real losses with counterfeit money, they went on another printing spree. Again, the people at the top got about $250,000 each, on average (stock market gains/top 10% of adult population). The 90% at the bottom got… well… if they were lucky, they got a check for $1,200… and an extra $600 a week in unemployment comp. None of these things could have happened without fake money. No forever war. No Wall Street bailout. No COVID Shutdown. No PPP… no manipulation of the credit markets… no $1,200 per person… no $600/week bonus for being unemployed… and no $4 trillion deficit. But thanks to counterfeit money, both sides can aim for the stars… and blow up America. And now… as the poet Lord Byron warned… corruption slides towards violence and barbarity. Gunning Up A few weeks ago, Roger Cohen from The New York Times suggested that liberals might want to “gun up.” Now, here’s Philip Giraldi at the Council for the National Interest: My wife and I went to a local gun range last week for a refresher course. I knew how to shoot from my time in the Army and CIA but have not actually fired a weapon since 1978 and my wife learned how to use a handgun about fifteen years ago when we made the decision to have one available in the house “just in case.” To be sure, the current situation with deranged radical groups unrestrained by feckless politicians and a complicit media, our decision to re-arm as it were was based on the assumption that we can no longer rely on a demoralized and passive police force to protect either us or our property, particularly if there are any racial overtones to who is doing what to whom. So, we might have to be prepared to defend ourselves. And here’s Business Insider: While militarized police squared off with protesters across the US, more than 1,000 guns were stolen from gun shops in one week Giraldi continues: So, there we are. The United States is troubled by a pandemic that the government seems unable to respond to which has produced record unemployment and bankruptcies. Meanwhile, guns and liquor and even coins are in demand while frightened citizens are building home defenses. And much of the government at all levels acts like it is either on the side of or afraid of the destroyers. America certainly has always had flaws but it was once a land of opportunity where people could prosper and enjoy more freedom than nearly anywhere else. Those days are gone so just relax and turn on the evening news. Watch a once proud country with a resilient and hard-working people come apart before your very eyes. No, we can’t predict the future. But with so many cannons on the U.S. stage… it is probably just a matter of time before some fool begins firing. Stay tuned… Regards, Bill P.S. What’s next? What changes are coming… to our government… our society… our economy? And what should you do with your money NOW? Along with colleagues Dan Denning and Tom Dyson, we set out to answer those questions. We put together a full report – After Armageddon – along with a Crisis Portfolio to guide you through these dangerous times. Don’t miss it. Learn more here.
Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com.
MAILBAG A dear reader accuses Bill of being a "Trump aficionado"… That is your prerogative. Personally, I think “Don the Con” describes him best – he’s an entitled, misogynistic, spoiled brat who thinks his sh*t doesn’t stink. He is not good in business, unless you count hiring all the good financial people money can buy to find all the loopholes. Ok, that’s the only thing smart about him. – Kim O. Another comments on Kanye West’s bid for the White House… I find it fascinating that the media, and everyone as a whole, has completely ignored the most important line in Kanye’s speech. He said to “give every woman that has a baby $1 million… Hey, it's fake money anyway!” He hit the nail on the head. Everyone has been so focused on the million, they missed the truth in his statement. It is, indeed, as you have pointed out so many times, fake money anyway. I don’t at all support him, or any other politician for that matter. But he has spoken the truth. With his platform, he maybe can make the unwashed masses realize that it is fake money, and they’re the ones getting screwed by it. Perhaps then we would have an outcry for a return to the gold standard... – Aaron L. Meanwhile, a third dear reader says America is far from a sustainable “normal”… Seems like we are a long way from the common-sense response you imagine for the implied threat of COVID in a “real money” situation. I also doubt we are going to be returning to any kind of “normal” from this (as you frequently observe, “normal” has, at any rate, become unsustainable). – Grant M. Others chime in and suggest Bill missed the mark with his Black Lives Matter/originario comparison… It’s not a valid comparison. Many Americans now belong to multi-racial families. I do. And love of family transcends race. What comes with a multi-racial family in the U.S. is “fear,” and it is real. For example, a family member, a young black male, was driving to a job in an “all-white community” and was stopped by the police every day. Every day. What the Black Lives Matter movement is saying is, “Why stop me every day when I am peacefully driving to work?” The originarios are saying, “Give us our land back. No one can own the land; it belongs to all.” The comparison of originarios to our Native Americans might be better. (Particularly in the 1800s). – Carol S. And still, more comment on the issue of inflation… I don’t understand how there is supposedly no inflation – except for the fact that statistics are easily manipulated. The price of EVERYTHING (barring gasoline, probably temporarily) has gone up and up and up – food, utilities, rent, and clothing, for example, at least 10% a year for the past few years. And these are the necessities. Don’t even get me started on discretionary items. Except income, of course, that is stable or declining (“work harder” or “be glad you have a job” and I do and I am). God help us when inflation really kicks in. – Yugi If so many people have all that spending money, the inflation rate should be much higher than 2.3 percent by now. (I suspect that it is much more, and the official statistics are fraudulent). Certainly, my living expenses are way up. Be that as it may, it is important to note that there are many people whose incomes are not going up. For example, people who have never had a (legitimate) job for years, and therefore can’t qualify for the huge “salaries” paid by the feds to the unemployed. This group, as it turns out, is nearly 50% of all adults. – John L. What might lead to an outcry for “a return to the gold standard,” as Aaron suggests? Do inflation concerns affect your daily living as they do for Yugi? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… The Biggest (And Craziest) Forecast of Teeka Tiwari's 30 Year Career? It will happen at one specific moment in 2020. At 9:29 AM, your life will be normal. By 9:30 AM, nothing will ever be the same. Suddenly, so much money could flood into your brokerage account… You could fund an entire nest egg in a single day. In order to do so, however, you must act now. Has Teeka gone crazy? You decide. 
Get Instant Access Click to read these free reports and automatically sign up for daily research. | 
No comments:
Post a Comment