| By Bill Bonner Tuesday, October 6, 2020 – Week 30 of the Quarantine SAN MARTIN, ARGENTINA – The news this morning is focused on a remarkable development. Let’s begin with the press coverage. Here’s USA Today, reporting on the reaction to President Trump’s tweet on returning to the White House from the Walter Reed Medical Center: Celebrities, political pundits, and critics responded to President Donald Trump’s tweet to not “be afraid of Covid,” calling the message “preposterous” and “dangerous” for the leader of a nation that has surpassed 210,000 deaths to spread. And The New York Times: “Don’t be afraid of Covid,” he wrote. “Don’t let it dominate your life.” Scientists, ethicists and doctors were outraged by the president’s comments about a disease that has killed nearly 210,000 people in the United States. “I am struggling for words – this is crazy,” said Harald Schmidt, assistant professor of medical ethics and health policy at the University of Pennsylvania. “It is just utterly irresponsible.” Even his Secret Service agents – according to the Palmer Report – have turned against him… …current Secret Service agents are privately lashing out at Donald Trump over his reckless disregard for their safety, and those conversations are now leaking to The Washington Post. They’re saying that it’s “so obvious” that Trump has “never cared about us.” | Recommended Link | The War Against Capitalism Why are Treasury bonds suddenly going down… when they should be going up? Why is cash suddenly becoming so scarce... when the Fed is supplying hundreds of billions of dollars every week? Stocks fell 30%. Was that the bottom… or is there more damage to come? Our team of experts has been ready for this downturn for decades, and Bill Bonner is answering these questions in his urgent briefing that you can read right here. There may even be a potential to profit if you're prepared… Don't wait, as this story is unfolding right before our eyes. | | | - | Black Death When POTUS got the coronavirus, the country held its breath. Here was the proof so many had hoped for. The threat was real! All of the hardships and sacrifices of the last seven months were worth it after all. The Donald… after scoffing at the coronavirus… was now getting the divine retribution he had coming. Nearly half the population got down on its knees and beseeched the Almighty. “Please take him away,” they prayed. Trouble was, the threat was not what they had cracked it up to be. The coronavirus was advertised as an existential threat… a scourge of humanity… a Black Death. Nicholas Kristof, writing in The New York Times back in March, passed along the grim, but dizzy, forecast: Dr. Neil M. Ferguson, a British epidemiologist who is regarded as one of the best disease modelers in the world, produced a sophisticated model with a worst case of 2.2 million deaths in the United States. Sophisticated? Maybe. But so far, the worst case is way off the mark. And the way the statistics are compiled – counting everyone who dies “with COVID” as a “COVID death” – probably greatly overstates the actual results. Do You Know About "Tech Royalty" Investing? Lethal Reputation For most people, the virus is not much of a threat at all. An elderly person might want to check his will. But Trump is right; a healthy person under 60 probably shouldn’t worry about it. And when the fat, 74-year-old President Trump walked out of the hospital after only three days, the cat was out of the bag. Mr. Trump joined a growing list of world leaders – almost all of them old – who had contracted the virus and survived, including the presidents of Brazil, the UK, Bolivia, Honduras, Guatemala, and Belarus. Despite its lethal reputation, the virus couldn’t kill any of them. So why make such a fuss about it? Why not just treat it like any other health problem – cancer, heart disease, pneumonia, allergies, murder, or accidents? Why make a federal case out of it? Or to put it in Donald Trump’s words, why let it dominate your life? | Recommended Link | | The 1% Will Hate Him On October 8! Legendary hedge fund manager Teeka Tiwari is spilling the beans on Wall Street's 1%. He's going to reveal how they're set to make a fortune from the 2020 election… At the expense of the markets' least-privileged investors. Behind the scenes right now, the 1% is preparing to profit from a trading anomaly… That rips through the stock market ahead of every election. You could and should be preparing, too. Why? Just like the 1%, it gives you the opportunity to pull forward up to 39 years' worth of profits… | | | -- | No Hard Proof The goal of politics is to scare people… China, Russia, disease, poverty, racism, alcohol, terrorists, noisemakers, markets, the reds, the reefers – whatever the threat, the feds offer protection. Ban, prohibit… tax, fine… go to war! Party politics is essentially a contest in which the Democrats and Republicans each claim to be able to protect you better. Of course, in exchange, you give up your money, your privacy, your dignity, and your liberty. The most popular bugaboo du jour is COVID-19. It’s a killer (joining a long list of homicidal ailments; ultimately, nobody beats them all). And there’s no hard proof that the feds can do anything about it. Lockdown, lockup, face masks, social distancing – a vulnerable person may or may not be able to take precautions and protect himself. But there’s no reason to think that forcing a healthy person – or a whole society – into house arrest has any benefits at all. The One Big Threat You Face on November 3rd. Power Grab Still, the COVID Crisis offers the protection racket a powerful new weapon. The feds can confine you without trial, outlaw popular assembly, close schools, and restrict travel. They’ve already used it to make a breathtaking power grab. In March, they closed down much of the U.S. economy… and then “printed” some $4 trillion fake dollars to protect people from the economic damage. And we’re getting used to it… Here in Argentina, for example, we have been locked down for seven months. A permanent roadblock has been set up near here. Each time we go to town, we are expected to tell the police where we are going and why… as well as have a travel permit ready for inspection. It almost seems “normal.” | Recommended Link | | Buffett Goes "All In" on Tech??? A Wall Street legend has just made a rather large discovery… For the past several months, he’s been tracking Warren Buffett’s top 25 holdings… And what he found was surprising, to say the least: 21 of Buffett’s favorite companies are going “all in” on a hot new technology… To the tune of $1.7 billion! This is remarkable because Buffett is notoriously “anti technology.” (In fact, he once joked about shooting down the Wright Brothers’ first plane at Kitty Hawk!) So, what is this new technology? And why are America’s biggest companies all in a race to implement it? To get the full story, watch this stunning new presentation… What is Buffett’s Big Bet? | | | -- | Fact of Life In the U.S., too, normality dives to the downside to escape the dreaded disease. Soon, it wouldn’t be surprising to find a new CDC “health police,” like the TSA, requiring temperature checks or COVID tests before entering a public building (even though they did nothing to stop the virus in the White House). And the fake money? That’s becoming a fact of life, too. And like a virus, or even the threat of one, it attacks the soft tissue of the brain… Regards, Bill
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FEATURED READ Almost 4 Million American Job Losses Are Permanent After COVID-19
Bill has been predicting that millions of jobs, lost because of coronavirus, would not return. Evidence of this prediction is mounting, according to CNN… to the tune of close to 4 million jobs… MAILBAG Dear readers give their thoughts on Monday’s Diary, “A Head-On Collision”… Bill, I am curious as to why you lay the problem at the feet of the boomers. Although they have surely contributed to the problem, they are also the group that has at least paid into the pot of money specifically for the purpose of paying the Social Security and Medicare. The majority of the payouts go to welfare beneficiaries who have not contributed at all. – Howard A. As a Geezer myself (not elite), I agree that it's long past time for these guys to hand over the reins to the next generation. The political/bureaucratic big-spending environment rewards them with votes and “tenure.” Washington, as it is, will never exercise any restraint on this gross mismanagement of our money. – Frank E. Is it time to “hand the reigns” to the next generation? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Amazing 17-Second Video Reveals Key to Tech Fortune… Have you seen this 17-second clip? It's created quite a stir on social media… in fact, it's already been viewed more than 3.1 million times. That's because it unveils an incredible new technology that could be in 75 billion devices by 2025. And possibly create more wealth for investors than all the FAANG stocks combined. Click here to see how. 
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