| By Bill Bonner Tuesday, July 7, 2020 – Week 17 of the Quarantine Bye-bye, baby, baby goodbye Bye-bye, baby, don’t make me cry – The Four Seasons, 1965 SAN MARTIN, ARGENTINA – Who didn’t see this coming? From Yahoo! News: Writing in the New York Times Monday morning, Lucian K. Truscott IV says his ancestor’s former estate at Monticello is enough of a tribute and that the Jefferson Memorial, located next to the Tidal Basin in the nation’s capital, should be replaced with a statue honoring the abolitionist hero Harriet Tubman. Yes, and what about George Washington? Wasn’t he a slave owner, too? And the Statue of Liberty; wasn’t it always a lie? But wait… What’s this? Here’s The Washington Post: A statue of famous abolitionist and orator Frederick Douglass was torn from its pedestal in Rochester, N.Y., on Sunday, the 168th anniversary of his famous speech “What, to the American slave, is your Fourth of July?” | Recommended Link | | 2020 Prediction – Your Retirement Fortune Is About To Change… Investing legend Teeka Tiwari has a huge prediction about a unique income opportunity for 2020… Teeka's already helped thousands of people move the needle on their financial station in life. Now, he's back with a shocking, new discovery about an investment that can turn $100 into an extraordinary retirement income stream of $9,161… $23,798… $49,520… and even $85,487. It's a totally new way of collecting "royalty" income from the tech sector. "Tech Royalties" combine the huge, steady payouts of a royalty investment… With the explosive gains happening in technology. Teeka predicts this could be the single best income investment he's discovered in his 30-year career. | | | -- | Perfection We have no opinion on the merits. But we see people taking sides – some pulling down statues of slave owners… some pulling down statues of former slaves. Since money is our beat, we can’t help but wonder… America’s stocks and bonds are “priced for perfection.” That is, they are at their highest levels ever. "Tech Royalties" could be the answer to a fruitful retirement. But perfection may not be what lies ahead. Maybe not even “so-so”… middlin’… or C-minus. And for the benefit of our new readers, if there are any, we will lay out why we think “perfection” is a long-odds bet. Patterns All living things have life cycles. Markets, societies, and businesses, too. We know of no exceptions. Great nations follow patterns, too, says 19th-century English poet, Lord Byron. They begin with freedom, then move on to glory, wealth, vice, corruption… and finally barbarism. Our hypothesis today is that you can tell where you are in the cycle based on whether the monuments are going up or coming down. They go up when a nation celebrates its heroes. They come down when it turns on its old gods and sinks toward barbarism. | Recommended Link | | EXCLUSIVE: U.S. Military Quietly Pours Millions Into Tiny Boston Biotech The U.S. military is not in the business of making bets on the stock market. But during his research trip to the Pentagon, one of America's top biotech investors stumbled across a shocking discovery… Away from the public eye, the military made a big bet on a tiny biotech firm. With a major announcement due in a few weeks, this tiny stock could spike 12x in just hours. What does the U.S. military know that you don't? | | | -- | Great Expectations Over the Independence Day weekend, we found ourselves reminiscing. Fifty years ago last month, we stepped out into the world – fresh out of college. What a different world it was. We owed nothin’ to nobody. We had no trouble getting a job. We couldn’t imagine that it wouldn’t be upward and onward for the rest of our life (though we had no idea how it would happen). And we had wheels. Our wheels were not exactly Corvette quality. Instead, they were on a ’52 Chevy truck modified with a slightly more modern engine. It had been rebuilt by a friend in his backyard in Albuquerque. It purred like a kitten. But it was tight. It was impossible for the 6-volt starter to turn it over. Instead, we had to remember to park on a hill… so we could roll it down, pop the clutch, and get it running. But despite the humble beginnings, we had great expectations. "Pressure Point" Technique Could Double Your Money in 30 Days. Progress seemed inevitable. Wealth seemed unstoppable. We recall the feeling of freedom – to go where we wanted and do what we wanted. The Hong Kong Flu crossed the country that year, killing 100,000 (like COVID-19, mostly old people). But life went on as usual. There were no facemasks. No TSA checks at airports. Not even any routine auto safety inspections. The music of the 1960s, too, was full of energy and innovation – The Doors, The Beach Boys, The Rolling Stones (before the death of Brian Jones), The Beatles – Sympathy for the Devil… California Dreamin’… Little Deuce Coupe… Yesterday… It was an exciting time… with nothing but upside. Good Gig Little did we know that the country was already rolling over… from the glory of General Lucian K. Truscott Jr., who commanded the 3rd Infantry in World War II… to Lucian IV, mentioned above, who writes novels and wants to turn the Jefferson Memorial into a monument to Harriet Tubman. By 1968, America had already launched onto a long, sad string of unwinnable foreign wars. And just three years later, it would begin printing up fake money to pay for them. In 1968, we earned $5.25 an hour working in the summer, completely unskilled, painting TV towers on “Television Hill” in Baltimore. It was the highest wage we could find (because it was dangerous working at such heights). But we needed the money to pay tuition (we worked as a night clerk in a hotel to get a free room and washed dishes in a sorority house for food). Converting our wages to gold as a stable measure, a week’s work was enough to buy 6 ounces of gold. At today’s gold price, that would be the same as getting paid – in cash, no less – $10,662 per week. Good gig for a college student, no? | Recommended Link | | REDACTED: What did Dems Hide in Pandemic Stimulus Bill? While most Americans were distracted by the media’s pandemic hysteria… Speaker of the House Nancy Pelosi introduced a bill that would forever change the way Americans save, spend, borrow, and invest. It was quickly redacted… But according to MarketWatch, “The end of July looks to be a hard deadline” for the Congresswoman from California to make another push – and if successful, her law could go into effect as soon as August. What’s in the new law the Democrat Congresswoman is trying to push through the house? And what does it mean for your money? From a remote outpost in Argentina, Nick Giambruno has recorded a brief video to lay out all the details of Pelosi’s plan. | | | -- | Progress But now, even if the student gets a good-paying job on a construction crew, he’s likely to get only about $25 an hour. That would be $1,000 a week… or only a bit more than half an ounce of gold. In real money – gold – he’s down more than $9,000. At that rate, it is almost impossible to “work your way” through college. The University of New Mexico is not exactly the Harvard of the Southwest. Still, its website tells us that a new student should count on paying $40,204 per year for an out-of-state student, including $10,000 for room and board. Take out the room and board (assuming you can still work at hotels and sorority houses) and you’ve still got a $30,000 bill. Even if you could pocket and save $1,000 a week for the 12 weeks of summer, you’d still be nearly $20,000 short. If you borrow the $20,000 per year… at the end of your four years on campus, you’re $80,000 in debt. Add the COVID Lockdown… the trade war… monument toppling… trillions in fake money… and auto, housing, and credit card debt… and the picture is very different from our sans-souci bell-bottom years. As economist George Gilder keeps pointing out, “time prices” (the amount of time you need to work to pay for a pound of beets or one gigabyte of computer memory) keep going down. But not for a college education. The twelve weeks of summer were enough to pay tuition for a year in 1969. Not so in 2020. Progress, in other words, is no sure thing – not even with time prices. One generation learns. The next forgets. One puts up monuments. Another generation pulls them down. Regards, Bill
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Former Wall Street Legend Teeka Tiwari has a rags-to-riches story. And because of his experiences, he strives to help everyday Americans find true financial freedom. Find out his top money habits here... MAILBAG After a wine update from Bill on Friday, one dear reader in Australia wishes he could join in on the experience… I enjoy immensely Bill’s ramblings of life in the high country of Argentina, along with his insightful writings of the financial and political mess we find ourselves in. I would greatly appreciate it if there was a way for Bill to sell cases of his wine to his readers here in Australia. Every year he offers it, I long to be able to appreciate the health properties of his “drop,” let alone the fine, smooth taste. Maybe there is a way he could courier it through one of his offices in the U.S. I think the extra freight cost would be well worth the investment. In anticipation. – Warrick F. Meanwhile, another criticizes America’s leaders… I cannot exactly remember who said, “All things shall pass.” However, I do remember it was said by someone important who was thought to be creditable. Right now, we are experiencing a planned collapse of our Western monetary system. The people who caused this mess are the very same people we see desperately clinging onto that last bit of wealth and power. Already, we are beginning to see them destroy each other as if we were watching some drama show on TV. Most think they have immunity for their deeds. But that is only true if willful intent is absent. – David A. And yet another comments on “white guilt,” in response to reader Marilynn C.’s feedback yesterday: You constantly amaze me with your insights. I’m sending this to my highly educated (PhD engineering) son who seems to have fallen into the white guilt, being brandished about the highly paid professors who’ve been feeding him this for years. I’m hoping that the realities of this way of thinking will become apparent to him and the other smart kids who have been caught up in this way of thinking. – Marilynn C. For some, the guilt trip must be, in a strange way, rewarding. Public statues and monuments are just that. Public. They belong to everyone and were created by people who took the effort to make something that they believed deserved remembrance. Not always a good thing, like war memorials, but to be considerate of history when choosing the current directions and ideas. Many men that effected great change or direction were not saints, nor completely evil. They were human, and their history (if not wiped or rewritten) offers insights and valuable lessons. If the sight of these offends you, look away. For now, anyway, you still have the freedom to choose whether or not you care to appreciate any statement these images bring to mind. – Gary C. Are we experiencing the collapse of the Western monetary system, as David believes? Do statues and memorials help us move forward as a society, like Gary says? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… "This CANNOT Wait" (The Most Important Briefing of Jeff Brown's Career Is Live) Tech savant Jeff Brown has a golden wand when it comes to predicting moneymakers. His win rate is 93%. He even picked the #1 stocks for 2016 and 2018. And now he's uncovered a wealth-creation event unlike any other. A special situation that can send shares soaring… with gains of up to 1,000%… over the course of one day. The gains are even more extraordinary over the course of a year. For example: TGTX: 3,277% CURA: 5,940% AXIM: 8,948% TXMD: 10,645% CURE: 32,700% According to Jeff, a small-cap is about to make history. And it could happen as soon as 9:30 AM tomorrow. Watch his urgent briefing before the world knows. 
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