When a nation goes nutty

[Bill Bonner’s Diary]( When a Nation Goes Nutty By Bill Bonner Week 12 of the Quarantine Sow the wind and reap the whirlwind. – Hosea 8:7 [Bill Bonner] SAN MARTIN, ARGENTINA – One country. Two systems. One financial. One economic. One for Wall Street. One for Main Street. One for the elite. One for everyone else. One fraudulent. The other just a rip-off. To make a long story precariously short (and deliberately provocative), the “rich” got some of their wealth honestly. The rest they got by ripping off the poor and middle classes, using their fake-money system. In effect, after 2008, they had access to an almost unlimited amount of credit priced at artificially low rates, giving them a greater and greater share of the nation’s real wealth. And who noticed? They said the Federal Reserve was “stimulating” the economy. But the two-system system is now wreaking havoc on our economy, our society, and our government… and driving the whole kit and kaboodle to a disaster. To back up… Recommended Link [Where did Bill move over 70% of his money to?]( [ad_img]( In the Emergency Investment Summit, Bill Bonner revealed where he had put more than 70% of his liquid net worth… and why time is running out for you to make similar moves. [Click here to watch the replay while it’s still online]( - Sons and Daughters The two-system system works for us, the top 10% who benefit from it. Many of us are retired. What’s it to us if there are no jobs? We have financial assets (stocks, bonds, real estate, cash, gold). We’re happy to see the Fed pumping them up. [Strange Activity Detected in Secretive Layer of Stock Market.]( We don’t even mind (for now) that the economy was shut down by the Trump-Fauci duo. We didn’t have to go to work anyway. But what about the others? The 90%? Our sons and daughters. The uneducated… the poor… the ones who have nothing… who earn minimum wages… who need jobs… who start families and careers already burdened with hundreds of thousands of dollars’ worth of student debt, mortgages, car payments, and their share of the national debt, too? And don’t forget the middle-aged, middle classes… Typically, the ones in the middle suffer most when a nation goes nutty. They have something to lose… but not enough wealth or financial savvy to protect themselves. And there’s a good chance they will lose everything in the collapsing economy/money-printing lollapalooza/political upheaval ahead. Recommended Link [[Hot Tech Alert] 32X bigger than 5G?]( [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… three major catalysts are on tap for “Genesis” technology in 2020. [32 times bigger than 5G? Get the full scoop here]( Built on a Lie If such a disaster is so obvious (to us), how come others don’t see it? How come they don’t look into an awful future and change it before it happens? After all, they created the two-system system. They, and only they, could change it. Well, how about this for a naked reason… The deciders, the influencers, the economists, columnists, politicians, academics, captains of business, and sergeants of well-meaning nonprofits – almost none of them understands what is really going on. Why not? Because it’s amazing what you can’t see when your wealth depends on being blind. [This top financial expert just returned from a private meeting with members of the Senate Financial Services Committee…]( All of them – Democrat, Republican, Trump-lovers, Trump-haters – are part of the upper 10%. They all benefit from the fraudulent, fake-money system… and none wants to think about it too hard. They’ve built their careers, their reputations, their fortunes on a lie. They’re not about to open their eyes now. Besides, they – like all of us – are caught up in the whirlwind. Politics… racism… fascism… Keynesianism… MMTism… global warmingism… COVID-19ism… Just read our mail! We’ve described it previously as “[context collapse]( The rules… the traditions… the ideas we thought we could trust… suddenly give way. The hot air rushes by us so fast, our feet leave the ground… and we are dizzy… and then nauseous. Context Collapse Just think about what’s happened in the past few months. The economy effectively “turned off”… with a 50% drop in GDP… and 20% unemployment. …The Fed “printed” three trillion in the last three months. …Between April ’19 and April ’20, the difference in federal tax collections dropped by nearly a trillion dollars. …Strange new unidentified “defense forces” – kitted out like robocops from a sci-fi movie – appeared on the streets of Washington. …A U.S. president so afraid of his own people he needs to hide in a bunker? The Washington Post: The security perimeter around the White House keeps expanding. Tall black fencing is going up seemingly by the hour. Armed guards and sharpshooters and combat troops are omnipresent. Three months ago, these things would have been considered impossible. But now, everything is possible… no matter how bizarre, grotesque, un-American and implausible. And now, as the center of our “normal” beliefs turns to mush, the edges harden. The “fascists” on the right… the “anti-fascists” (Antifa) on the left. The fences go up… but the barriers to civilized conduct go down. Recommended Link [Tech Savant Jeff Brown saw something he wasn’t “supposed” to during a closed-door meeting in Cambridge…]( [image]( And now he believes the single greatest tech breakthrough in his career was just unlocked. It could be the most lucrative moneymaking event of people’s lives. A small-cap stock is now set to soar up to 1,000%… in just one day. Within 12 months, it could turn a tiny stake into an entire nest egg. [For the full story, click here]( -- Moonstruck Delusions Some want to destroy what they think is a “capitalist” system. Some want to protect what they believe is a “conservative” society. Both groups are moonstruck… seeing new possibilities… with new hope… and even greater delusions. CNN: The Boogaloos [apparently anarchists] are an emerging incarnation of extremism that seems to defy easy categorization. They are yet another confounding factor in the ongoing effort among local, state and federal officials to puzzle out the political sympathies of the agitators showing up to the mostly peaceful George Floyd rallies who have destroyed property, looted businesses, or -- in the case of the Boogaloos who descended on Minneapolis -- walked around the streets with assault rifles. And here’s MSN: Sen. Tom Cotton, an Arkansas Republican, on Monday pushed for the use of military force against Black Lives Matter demonstrators… "…let’s see how these anarchists respond when the 101st Airborne is on the other side of the street," Cotton said on Fox News. After all, paraphrasing former Secretary of State Madeleine Albright… What good is an army if you can’t use it to protect yourself from the people you stole from? Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com. --------------------------------------------------------------- FEATURED READS [U.S. Unemployment Drops in Month of May]( economy is beginning to reopen following coronavirus lockdowns and job numbers are now available. According to Forbes, 2.5 million jobs were added in the month of May. Read on for the rest of May’s preliminary job numbers… [The U.S. Could See a Second Civil War]( longtime friend Doug Casey thinks a second U.S. civil war is brewing under the surface of American politics. The country is so divided by red and blue… he says it’s worse than the 1960s… MAILBAG More harsh words for Bill today regarding Wednesday’s Diary, “[The Knee on All Our Necks]( You are as nasty in your words which makes people angry. We don’t need more anger in this world. George Floyd was not resisting arrest. No one is mentioning the police officer that killed him by suffocating him with his knee. Is that how humans treat each other? And the other three officers let him kill him. That is what humans are angry about. It’s a sensitive time Bill Bonner. No one needs your sarcasm!!! – Pat C. While other readers circle back to the coronavirus conversation… Jobs versus lives. These people lambasting you for focusing on the economy instead of the lives lost don’t seem to realize that this is NOT an either/or situation. We could have spared the economy and saved the vulnerable population at the same time. – Ellyess You mislead. You have reached conclusions before all the facts are in, demonstrating a lack of perspicacity. There is much about the virus you have failed to even consider, let alone address. And your love of money truly frightens me. – Robert W. I love following your adventures and your take on incompetent, dishonest governments, the economy, and current events. In spite of the criticism you receive from some of your readers, I feel that you have a pretty accurate handle on what is currently happening around the world. To see a picture of how things work out, just read through 3,000 years of Roman history. How many times was the Roman government overthrown and how many alternate systems of government were instituted? Some of them successful for a time, but all eventually destined to end in failure. – Jerry H. Is Bill’s sarcasm uncalled for, as Pat says? Could we have saved lives and the economy during the coronavirus pandemic? Write us at feedback@rogueeconomics.com. 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