Free money is destroying real wealth

Bill Bonner’s Diary

Free Money Is Destroying Real Wealth

By Emma Walsh, Managing Editor, Bill Bonner's Diary

This week, Bill has been exploring what he calls the “massacre” of real wealth.

Real wealth comes from real capital – machines, time, knowhow, businesses, technology, infrastructure, sweat… all the ingredients of production.

Fake wealth comes from the feds’ printing presses… and goes straight to work stimulating consumption, not production.

Real capital – the real source of wealth – is disappearing as fake money takes its place.

Regards,

Emma Walsh
Managing Editor, Bill Bonner’s Diary


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Looking at Both Sides Now
Bill caught up with some family and friends at the weekend. Their different views on the lockdowns, the bailouts, and the vaccine provided a useful insight into how both sides of this divided nation are thinking.



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Welcome to the Zombie Republic
Shuffling from free food to free money… a vacant look in their eyes… a face mask to hide the trickle of blood dried up on their chins – zombies are everywhere. Zombie companies. Zombie households. Zombie officials.



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Handing Out Candy in a Playground
Like a dirty old man heading for a playground with a bag full of candy, the feds are preparing to print up more walking-around money and hand it out all over town. But will it make America any better off?



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How Stimulus Kills the Economy
The idea is simple enough. The experts say that if we just give people money, they will spend it. Businesses will make sales. It will look like a healthy economy again. But giveaways reduce the economy’s ability to produce. Everyone gets poorer.



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The Massacre of Real Wealth
Stimulus is on everyone’s minds… as Democrats and Republicans in Congress wrangle over the details of a new pandemic relief package. But free money discourages production. People will just take the party favors handed out to them… and shuffle around like zombies.



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Don’t Let Inflation Erode Your Savings
Dan Denning, Bill’s right-hand man at The Bonner-Denning Letter, explains why your savings are not safe. A “pre-incident indicator” for inflation is flashing a warning… And the feds’ emergency defense mechanism has been activated. The cash Americans have been hoarding this year is in danger.

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Secession, Division, American Crack-Up
Over 300,00 New Yorkers have fled New York City in the last eight months, according to data from the U.S. Postal Service. The Big Apple’s harsh COVID-19 restrictions are driving people away. But could this be the beginning of an even bigger American break-up?

Our research shows it’s already happening. There’s a "Great Divide" separating Americans. Investment expert Tom Dyson has crisscrossed the country in a camper with his family, exploring these two Americas. What he’s found may surprise you. Some will be shocked and saddened.

But others will see that NOW is the time to take steps to preserve your money, instead of losing it in the midst of what could be the worst crisis of our lifetime. To hear Tom’s report from the road, and find out what you can do to profit, click here.

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Why Is the Media Ignoring This?
One Silicon Valley insider says there’s a new network technology worth trillions of dollars…

Yet, the mainstream media hasn’t said a word. 

You won’t hear about it on MSNBC.

“I can’t believe no one is reporting on this. It’s almost dishonest,” he says.

“This is the opportunity of a lifetime.”

He believes the company behind this technology could be the #1 tech stock of 2021.

Show Me the #1 Tech of 2021 Now.

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