Back in the days of kings and queens, a monarch justified his power by claiming a ‘divine right’ — given to him by God.
Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries.
A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities.
Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally.
With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance.
Since 1999, Bill has been a daily contributor and the driving force behind Money Morning.
The current occupant of the White House is the most amusing of all. He is not necessarily the dumbest of the lot…or the most conniving…but he is certainly the boldest.
The economy is limping…staggering…and buckling. And you know what that means — cheaper credit…and more money for speculators!
Will all this spending, inflating, and rate-cutting really make the economy healthier? Of course not.
You borrow the money. You buy the house. You sell the house 20 years later…and you give back the money. You would have enjoyed two decades of free housing.
In the 21st century, GDP growth rates slowed. Debt increased. Imports soared; exports slumped. And the perversities and absurdities increased.
When the economy is healthy and growing, people buy stocks and the index generally goes up. When it is fearful and correcting its mistakes, they buy gold and the index goes down.
Like a powerful drug, the phony money corrodes and disfigures your economy. Your teeth rot; your brain shrivels.
Faced with the next crisis, the grease monkeys at central banks are going to do what everyone expects them to do. They’ll turn the screws on savers, harder than ever.
Markets, economies, and even empires move in great, long-term swings. Sometimes they are forward-looking and expansive. Sometimes they retreat…
We’re in the longest bull market in US history. Volatility is the new normal. You just have to get used to it.
You could buy the Dow with 40 ounces of gold in January 2000. By January 2011, the Dow 30 stocks would cost you only 8 ounces.
Gold is real money. So, we measure real wealth in real money…and we compare it to dollar prices.