Politics and War
By Bill Bonner – Bill Bonner’s Diary (USA) – This month’s letter begins in the future, where a desperate but determined Donald Trump revives an 84-year-old plan and moves against the Fed and the banks to change the nature of American money. With the stroke of a pen, Trump takes the power to create money …
That’s around six times the UK's average net annual contribution from 2011 to 2015. While that seems like a lot of money, it’s actually not. It's less than Italy’s budget deficit in 2014. It’s a mere 17% of Greece’s government debt. And around 0.13%
By Vern Gowdie – The Gowdie Letter (Australia) – Let’s start this week with a rhetorical question: Do you feel something is not quite right with the world, but you cannot put your finger on it? Of course you do. That’s why you are reading this
Michel “Barmie” Barnier's presumption is that the world stands still unless governments act and have agreements. But the natural state of things is precisely the opposite. The question is if people fall for the way the question is framed by EU politicians
Did Trump literally mean Obama crept into the air-conditioning shaft of Trump Tower dressed as the guy from Mission Impossible, transcribed the conversations while hanging upside down in a lift shaft, and emailed his mates at the local paper to let them know
But it's hard to get worked up about. A financial system? A fake dollar? How does that work again? The average person in the heartland, cheated and confused, turns to more convenient enemies: the Mexicans, the Chinese, the lefties, President Obama, or the
There’s a remarkable trend emerging. One that’s even more surprising than Trump’s ability to get away with the bizarre. More bizarre than him getting elected. And more odd than his policies. Every time Trump opens his mouth to say something stupid he
It doesn’t work the way they tell you in the civics books, Economics 101, or in the mainstream press. It is much more complex, corrupt, and dangerous. If you are an investor… or preparing to retire… or just someone who is interested in how the world
We don’t know what is more entertaining: the pathetic whining from the Left or the self-serving indignation from the Right. Hillary intended to use the outsized executive power to further a welfare-warfare state. Now, seeing that power in Donald J.
The Deep State doesn’t care what agenda President Trump is supposed to be determined to follow. It doesn’t care what Sean Spicer, or Newt Gingrich, or Breitbart says. The Deep State is non-partisan, non-denominational, and gluten-free. It is whatever it
In the fifth century, Christian scholars counted 88 different heresies. One group of “heretics” argued that there was no such thing as “original sin.” Another denied the trinity. And another claimed Jesus was not divine. Which one had the truth?
The CIA could be watching you, right now. Three times over, in fact. Through your TV, phone and laptop. And monitoring your internet usage over your router. All with software secretly installed in the electronic devices you bought. Apps previously thought
Will a 3,200 km wall of concrete and steel effectively combat the alleged flow of illegal immigrants and drugs? No one knows. What we do know is that it will be very very expensive.
A fire is real. It can scorch your fingers or burn down your house. “News” in the public space is something else. It is like a presidential tweet or an argument between halfwits: There may be some truth involved, but it can be almost impossible to find.
This week, we hear from our readers on the topics of Greece, gold, and inflation. Most of the responses echoed the same message – the only way for Greece and the EU to survive is for them to separate.
By Kris Sayce – Port Phillip Insider (Australia) – Making investing great again So, after all our talk about recession, what’s the deal with these soaring stock markets? The Wall Street Journal explains: ‘The Dow industrials surged more than
By Bill Bonner – Bill Bonner’s Diary (USA) – We have enough puzzle pieces in place so we can see, vaguely, the big picture: We are going to spend the next few years in a dystrumpian world… with more of what we’ve come to expect –
Trump's speech was presidential in more than one sense. It confirmed our guess that this president will do what every president has done for the last half century: he will add to the swamp, not drain it.
The truth is that there is no model that will allow us to approach the cost of an exit from the Euro. If we leave the Euro, it is the great unknown . To leave the Euro is like a break in love after 15 years of common life. You do not know what tomorrow will
Who knows exactly what he’ll do? Perhaps he’s now vehemently anti-cannabis. Perhaps he’s all for it. Figuring out actual policy from amidst the ramblings is difficult. It’s a risky play. But some risks are worth taking.
By Selva Freigedo – Port Phillip Insider Extra (Australia) – Russia is the 10th largest export economy in the world. Its top exports are gas and oil. It also exports metals like nickel, palladium and iron. Yet in recent years, Russia has become
In a sense there are two realities: reported reality and experienced reality. If the two jar enough, people begin to distrust what they’re being told. If GDP grows by 4%, but people don’t feel any better off over time they’ll lose interest in the figure
By Ankit Shah – Vivek Kaul’s Inner Circle (India) – Talk about a big call… It was certainly the most memorable at our recent Inner Circle round-table meeting in Baltimore… And probably the most controversial. Standing at the
Perón didn’t have Twitter. He didn’t have “fake news.” All he had were old-fashioned speeches and old-fashioned lies, in which he railed against the rich, the landowners, the church, the newspapers, the bankers, the universities. The people loved it.