Catastrophe strikes the Calchaqui

[Bill Bonner’s Diary]( Catastrophe Strikes the Calchaqui By Bill Bonner, Chairman, Bonner & Partners [Bill Bonner-95] SAN MARTIN, ARGENTINA – Last night at midnight, a ban went into effect here in the Calchaqui Valley. (As it did in California.) We were already under house arrest. Now, everyone is. Caesar’s Decree Yes, a decree went out from Caesar over all the land. People are to return to their homes and shelter there for a fortnight. A panicky pow-wow was held on our porch. “What are we going to do?” asked our capataz (foreman). “You can’t stop working,” pointed out a neighbor who had ridden over on horseback to see if we needed anything. “The cattle must be fed. We’re farmers, we have to work no matter what the government says.” “I know,” continued the capataz. “The grapes are ready to harvest. If they don’t get picked next week, the whole year’s production may be lost. “But the road up to the ranch is so bad that the truck can’t get up there to pick up the grapes. I called the local government. They said they couldn’t do anything because everyone is supposed to stay home. “And our grape pickers come from a different town, so they’re not supposed to come up to the ranch. “And if you get caught out on the road, they’ll put you in jail. At least, that’s what they’re saying.” Recommended Link [The Names of Teeka’s “Final Five” Coins Are…]( [image]( Big T just issued what could be the most important (and urgent) buy alert of his career. If you place $500 into each of these five tiny cryptos within the next 24 hours… You have a legitimate shot at growing $5 million richer in 2020. Will the cryptos in this brand-new buy list soar as high as his past recommendations? (Teeka’s NEO recommendation went up as high as 151,323%.) [Click here to learn how to access the names of Teeka’s “Final Five.”]( -- Economic Crisis Grapes not picked. Wine not made. Bottles not shipped… nor stocked on shelves… nor bought by consumers. Even in our dinky operation it still represents a whole year’s worth of work – lost. Calchaqui wine may become even rarer than we thought. Fortunately, [Will still has some in a California warehouse](. Sales revenue is used to pay wages… buy fuel… and keep the enterprise going. Now, it may disappear. Multiply that by millions or billions, and you have today’s economic crisis. All over the world, restaurant ovens are cold. Factories are as quiet as churchyards. (The big automakers announced yesterday that they were halting their assembly lines.) [Amazing 17-second Video Reveals Key to Tech Fortune…]( Unearned wages are unspent. And the Bank of America says a recession has already begun. All of a sudden, the economy that depended on “more” finds itself with a lot “less.” Taxes are not paid on profits not made on sales of products never produced by workers not working, truckers not trucking, and buyers not buying. And we are just at the beginning. Recommended Link [YOU JUST MISSED A $151,740 OPPORTUNITY]( [image]( During his Accelerated Profits Summit Jeff revealed the secret tech sector system he’s created to help anyone with a computer see an extra $151,740 a year. The results he uncovered speak for themselves: 494%… 617%… 793%… 884%… 2,293%… and even 11,764%… often in a few months’ time. URGENT: Jeff just revealed three new trades that can get you on your way to financial freedom. But the buy window won’t last. If you’re ready to take control of your financial future… [Click here and see what Jeff has for you]( -- What Lies Ahead So here is the executive summary… our best guess about what lies ahead: The world of getting and spending is shutting down. Without revenue, neither businesses, households, nor the government will be able to pay their bills. Stocks will rise (“a dead cat bounce”, the old timers call it) on all the “bailout” news, and then give up another 50% of their value. Business will default on its $16-trillion-debt pile. Millions of people will lose their jobs. The Secretary of the Treasury, Steven Mnuchin, says that upwards of 20% of the workforce could be unemployed. The feds will print money by the trillions to rescue the situation. Spending will rise. But lower output… and more currency in circulation… will raise prices. In the summer, the virus will slow down. Then, the economy will begin to recover. But people all over the world will begin to mistrust the dollar (and other “paper” currencies). Prices will rise as real growth is suppressed by inflation fears. Most likely, the virus will return in the autumn, though there’s no way to know how bad it will be. But at some point, there won’t be enough “cash” to keep up with the rising contempt for it. ATMs will run out. The economy – still fragile, with interest rates below inflation – will need more bailouts and more helicopter money to keep going. [New 5G Device Revealed to Public for First Time]( Then, the feds will face a terrible choice. Printing more money may bring a hyperinflation, like Weimar Germany, Zimbabwe, or Venezuela. But not printing will risk a deep depression… a “throw out all the bums” shock in the next election… or even a revolution. What Paul Volcker will stand up and bring a halt to the money-printing? What Ronald Reagan will back him up? What Horatio will stand at the bridge and say “enough?” The feds will make their choice… the same choice made by [von Havenstein in Germany]( and [Gono in Zimbabwe](. They will print. Stocks will soar as people “rotate” out of bonds. The bond market will collapse. Debts will be wiped out by inflation. So will debt-based credits. Scenes of financial depravity, economic debauchery, and orgies of social degradation, violence and chaos – now unimaginable – will flash across every big screen in America. That is, of course, a future. The future is something we wait to see. Meanwhile, back in the valley… Recommended Link [Woz: Forget 5G, this is “the future”]( [ad_img]( 5G and “AI” are all the rage… But here’s what you likely don’t know: The world’s best investors are lining up behind [an explosive new technology]( that could trump them all. Warren Buffett calls it “ingenious.” And The Wall Street Journal adds: “It’s a foundational technology, like the Internet and electricity.” Apple’s co-founder, Steve Wozniak, who said 5G “is not going to impact me much” … is calling this “the future.” In fact, according to research from the World Economic Forum, this new technology is on pace to be 32 times bigger than 5G! [On January 1, 2020]( an important event happened that will set this technology flying. But that’s not the only one… 3 major catalysts are on tap for “Genesis” technology in 2020. [32 times bigger than 5G? Get the full scoop here]( Confined in the Calchaqui People must return to their place of domicile. And there they must remain for 10 days. The [carpenters who came to work on our screen doors]( packed up and left. They came from the province of Jujuy, at least seven hours from here. Now confined to their houses, the Argentines are getting a little stir crazy. Comes this message from a friend: How difficult it is to work from home! Lots of distractions. I can no longer stand my wife, children, dogs, cats… In Wuhan, China, in which people have been confined to their houses for as much as two months, the divorce rate is said to be soaring. But all the news is not bad. Bloomberg reports that at least three U.S. senators were able to avoid stock market losses: U.S. Senators Sold Stock After Coronavirus Briefings in January Critics say they put protecting their wealth before their duty to protect public health. How nice for them! Enjoy your weekend in confinement. [image]A ray of sunshine over the valley Regards, [signature] Bill Like what you’re reading? Send your thoughts to feedback@bonnerandpartners.com. [Chart]( FEATURED READS [How Coronavirus Will Alter Boomer Retirements]( Coronavirus continues to sweep across the country, Boomers are staying indoors to protect their health. But many may be more concerned about their wealth. Here, Forbes highlights eight ways the virus may affect those at, or near, retirement age… [Want to Start Investing in Gold? Start With Owning Physical Gold]( Dan Denning, and Tom Dyson are all-in on gold. If you’re looking to invest in the metal, Casey Research analyst E.B. Tucker explains why you should own physical gold before jumping into anything else… MAILBAG On Dear Readers’ minds today: President Trump… Trump has many faults and I understand criticizing a specific issue, action, or some specific political stand one disagrees with. That is politics as I have always known it. But the Trump Haters (and the media) make up their own set of “truths” and then lay down their talking points, regardless of the actual facts. I can’t have a civil political discussion or debate with any of my liberal/“progressive” acquaintances because they are so emotional (and truly ill-informed). Dialog is impossible. – Doug L. The fact of the matter is that Trump IS a criminal, despite his acquittal by the Republican Senate, which was a crime in and of itself. And the only “Deep State” is the one created in the lunatic minds of those who gave us the worst POTUS in many decades, if not since the founding of our nation. – Gerard Z. While another Dear Reader talks about the economic burden of the coronavirus pandemic… How awesome is that to be stuck in such a beautiful place. I envy Bill in his lifestyle. I have traveled extensively, mostly due to my 21 years in the military (U.S. Navy). Take care and remain in your isolation… you guys don’t need to be where this stuff is. Wish everyone well, Bill, Elizabeth, and all the staff. Keep up the good work. However, some of us are stuck here and trying to figure out how to pay bills and maintain a roof over our heads with the current economic outlook. I currently do apartment maintenance and in the last three weeks, I have had 20, 19 and 6 hours for the week. The Federal Reserve lowered the rate, but for those of us on a paycheck-to-paycheck lifestyle do not get to take advantage of it. I cannot touch my IRA or Social Security for another two years and due to the current political situation, I don’t know if it will be there when I reach the appropriate age, same goes for my military retirement. – James S. Is political dialogue “impossible” for you, as it is for Doug? How is the coronavirus impacting your economic situation? Write us at feedback@bonnerandpartners.com. IN CASE YOU MISSED IT… [“Why I flew to D.C. – in a pandemic.”]( Just a few days ago, I, Jeff Brown, went to Washington, D.C., to film an emergency broadcast. You’ll have to excuse the quality of the video… You see, there wasn’t much time. I wanted to get this critical information in your hands as soon as possible. In [this video]( I will smash four dangerous myths about the coronavirus, called COVID-19. I’ll also share details of 10 stocks you should avoid right now. These will be the biggest losers of the coronavirus crash. And I’ll share more information on one company I think is leading the race to treat COVID-19. [It’s all in this short, emergency broadcast.]( [image]( [Bonner and Partners]( Bonner & Partners 55 NE 5th Avenue, Delray Beach, FL 33483 [www.bonnerandpartners.com]( [Share]( [FACEBOOK]( [Tweet]( [TWITTER]( This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. To stop receiving these emails, click [here](. Bonner & Partners welcomes your feedback and questions. 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