Free marijuana and $1 million for babies?

[Bill Bonner’s Diary]( Free Marijuana and $1 Million for Babies? By Bill Bonner Monday, July 20, 2020 – Week 19 of the Quarantine [Bill Bonner] SAN MARTIN, ARGENTINA – Just when you think you’ve seen it all… it turns out: You ain’t seen nuthin’ yet. Why? Because counterfeit money allows people to do counterfeit things… which get wackier and wackier as the trend runs its course. But first… let us update you on life in the Calchaquí Valley, where we’ve been stranded for more than four months. Then, we’ll return to the remarkable events north of the Rio Grande… Recommended Link [Offer Terminated July 22, 12:00 A.M. ET]( [image]( If you do not take the requested action by July 22, 12:00 a.m. ET – and not a second later… - Your opportunity to get the name and ticker of [Jeff Brown’s #1 Accelerated Timed Stock]( set to spike on July 30, at 8:30 am, will disappear. - Your chance to get the name and ticker of three more of Jeff’s Accelerated Timed Stocks… and the more than a dozen others in the Early Stage Trader model portfolio… will vanish. - And your chance at joining Jeff Brown’s Timed Stocks Research service for $2,503 off, will expire. NO EXCEPTIONS. [Act Now – Before This Offer Is Terminated On July 22, 12:00 a.m.]( -- Mystery of the Butchered Cow One of our pastajeros (a man who keeps his cows in our high pastures) came to see us on Thursday night. He had ridden over the mountains… about 10 hours in the saddle… to see us. He explained that someone had killed and butchered one of his cows. He thought he knew who… and he expected your editor to do something about it. [“Tech Royalties” could be the answer to a fruitful retirement.]( In the old days, a proper ranch boss would have put a pistol in his belt, gotten a few of his cowboys together, and rode up to confront the suspects. He would have sorted it out, one way or the other. But now, the originarios up in the valley are a protected species. They don’t pay rent. They don’t respect our rights. They burn down our houses and break down our corrals. But they can’t be touched. Unless you can prove that one of them has committed a crime, you can’t do anything. The old man who came to the house was in the same position we are. He knew his cow had been butchered… but he couldn’t prove who did it. So, we took him down to the police station and he told his story. The police now have a long list of complaints against the originarios. They’re sick of hearing about it. But without evidence against a specific person, they say they are powerless, too… Fire Near the South Wall When we returned to the house, we noticed smoke rising near the south wall. The brush was alight… and the molle trees along the stone wall were on fire. It hasn’t rained for five months. Everything is dry tinder. The molle have a loose bark that lights up easily. And while there was no danger to the house, we didn’t want to lose the trees. So, we called for all hands to carry buckets of water from the canal… and throw it on the fire. [image]José, one of the ranch hands, rides up with guardamontes After about 20 minutes of this bucket brigade, Pedro had a good idea. He dug a hasty channel down from the upper canal… and directed the water along the wall… and to the trees. With this stream running strong, we could scoop up the water and toss it onto the trees quickly. Then, young Agustín climbed the trees and doused the still-burning limbs. Thus, was the fire brought under control… [image]Fire under control …so we could turn back to the cattle. The herd was now in the corral, with the cowboys running, roping, and herding the cows… in a great cloud of dust… as they separated the calves from their mothers. [image] [image]Separating the cows When the animals were finally separated, we took up our positions on the chute and resumed testing each cow. By the afternoon, that too was completed… with 311 cows pregnant and 110 that were “empty.” This week, we’ll drive the barren cows… along with the old ones and the young steers… over the pass and down into the valley. Stay tuned. Recommended Link [5G’s FATAL Flaw, revealed on viral video]( [image]( 5G phones cost a staggering $1,300. If you plan on buying one any time soon… there is something you should know. It’s a worthless investment. 5G won’t work, unless this one tiny company steps in with its miraculous solution to save it. That’s according to Dave Forest. He’s an angel investor who harnessed a $1.3 billion NASA satellite to pinpoint explosive penny stocks. Dave believes the tiny company that’ll save 5G is the biggest stock market story for 2020. [See full details here]( -- Counterfeit Bargain Meanwhile, back in the world of counterfeit money… ABC reports on Kanye West’s bid for the White House: “The maximum increase would be everybody that has a baby gets a million dollars or something in that range,” said West. West also said that marijuana “should be free.” Why not? When you can print all the money you want… why not spend it any old way you choose? You’ll recall from last week that trillions in new, fake money are making it possible for people to do a lot of wild and crazy things. Like lottery winners and mental defectives, they’re indulging their fantasies. [“Pressure Point” Technique Could Double Your Money in 30 Days.]( Two years ago, for example, you could have gotten a mortgage at a rate just under 5%. That was remarkable enough. The inflation rate was running over 2%… so the real rate was about 3%, which is fairly normal. And it was a bargain for homeowners. They got the upside of higher inflation (which would have greatly reduced real mortgage payments) for nothing. But as good a deal as that was, now there’s an even better one on offer. Last week, mortgage rates dipped even lower… The Wall Street Journal: 30-Year Mortgage Rate Reaches Lowest Level Ever: 2.98% The average rate on a 30-year fixed mortgage fell to 2.98%, mortgage-finance giant Freddie Mac said Thursday, its lowest level in almost 50 years of record keeping. It is the third consecutive week and the seventh time this year that rates on America’s most popular home loan have hit a fresh low. What is remarkable (and counterfeit) about that is that on the very same day we got an inflation update from Bloomberg: The median weekly earnings of full-time workers in America jumped more than 10% in second quarter from a year earlier, the U.S. Bureau of Labor Statistics reported today. The data marks the largest increase in the four decades that the agency has tracked it but is skewed by a more sobering reality: massive job losses among lower-wage workers. And here’s MarketWatch: Consumer prices rose in June at the highest yearly rate since 2012, reflecting a U.S. economy that’s running hotter than anytime since the Great Recession. The increase in the cost of living rose to a 12-month pace of 2.9% from 2.8%, marking the highest level in more than six years, the government said Thursday. A year ago the 12-month rate stood at just 1.6%. Recommended Link [“Tech Royalties” could be the answer to a fruitful retirement]( [ad_img]( Getting in first on just one new big idea in technology can make you more money than you will need for the rest of your life. That’s it. Just one new idea… For 2020, it’s “Tech Royalties.” It’s an income stream that allows you to collect cash in your hand every day, week, or month – on new technology. These are some of the most exciting investments in history. In fact, the former CEO of Nasdaq said it is… “The biggest opportunity we can think of over the next decade.” Just a handful of “Tech Royalties” could hand you enough income to live life on your own terms. [Learn more about how to potentially profit here]( Basic Math It is not at all remarkable that consumer prices are rising. The Federal Reserve is “printing” money like a house-a-fire. What is remarkable is that there is no fear of it. In the fantasy world of fake money, neither the stock market… nor the bond market… nor Congress… nor the economic cognoscenti… seem to have any idea of what is going on. It is as if they had forgotten basic math. If inflation is running at 2.9%… and you’re lending money for 30 years at 2.98%… you are getting effectively a zero rate of return. You’d have to be blind, deaf, and dumb not to notice that inflation is likely to go higher – much higher. The economy is not going to recover anytime soon. You can’t just flick a switch, after all. So, you’re going to have to print up more counterfeit money just to keep the jig up. Republicans are expected to unveil another “stimulus” program this week… with another $2 trillion price tag. The Democrats already have their $3 trillion plan on the table. And their candidate – Joe Biden, now with a large lead in the polls – is promising to add another $7 trillion. None of this would be possible… not the Lockdown… not the Bailouts… not the Stimulus… not 2.98% mortgages… not the big spending promises… not the $1 million that Kanye wants to give to people who have babies… …without counterfeit money. In short, the fake money has turned us into a race of damned fools. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=“Free Marijuana and $1 Million for Babies?). --------------------------------------------------------------- FEATURED READS [Widespread Wage Cuts Are Another Hallmark of the Coronavirus Crisis]( coronavirus jobs numbers come out every week. But we’re missing a crucial aspect of the report: reduced hours and wages. For Americans who have been able to keep their jobs, they’ve been met with substantial pay cuts… that may become permanent… [How to Position Yourself for the Coming Gold Bull Market]( colleagues at Casey Research have pounded the table on gold this year, encouraging their readers to prepare for what they see next: a gold bull market. Here, they offer suggestions on how you can get in on gold… before it takes off… MAILBAG Last week, dear reader Kath W. commented on American politics. Today, another dear reader responds… I must say, reading your emails provides a very interesting picture of you and your “dear readers.” Living in Australia, it is interesting (and sad) to watch as the once-great United States of America disintegrates under the pressure of financial and political (swamp) insanity. I don’t regard myself as a Trump supporter (I don’t have a vote, anyway), but at least he has not sold off the nation’s commodities (e.g. uranium) for personal gain, as it appears certain Democrats have done. The lesser of two evils, perhaps? – Kath W. I agree with Kath W. from Australia. I live in South Dakota, which is the fifth state I have resided in during my 59 years. I started my career as an engineer, but grew tired of the big city and moved here 20 years ago to take over my wife’s grandfather’s farm. I love the *idea* of America – Life, Liberty, and the Pursuit of Happiness. That we are all created equal under the law. Individual Rights. But it seems that many people in this country have lost sight of – and appreciation for – the ideals the country was founded on. This is even worse among politicians, who have – by and large – forgotten that with rights and liberty comes responsibility. In my view, the Democratic party has stayed much farther from the course of individual rights and responsibility than the Republicans have. So for me, Trump is a pompous narcissist who is worlds less bad than Hillary Clinton or Joe Biden. A vote for Biden seems to be a vote against Trump, but a vote for Trump is a vote against the entrenched bureaucracy. – Erik J. And the political conversation continues… I must have missed something Bonner wrote, because I thought he was a Trump fan. And railed against him (Bonner) a few days ago. If he has the sense to realize what a pathetically unfit man Trump is for the presidency – or for anything except the job of carnival barker (he declared bankruptcy five times and was bailed out by Daddy) – then I withdraw part of my vituperative attack on the finance expert. Maybe Mary Trump’s book, Too Much and Not Enough, will wake up some people to what her uncle is: a tragic figure in American history. As someone said, damaged people damage people. Most of his supporters, however, are abject fools, their gullibility way beyond embarrassing, or even shameful. They would march right over the edge of the cliff with him. – Robert B. Other dear readers enjoy [Bill’s Argentina stories]( I know I’m supposed to be reading your articles for the economic parts, and I do find it useful for that. But the crowning glory for me is the stories of working cows and the hands on your ranch. I’ve done some cowboying and rodeoing so those stories bring back some fond memories. Keep up the good work! – Bill L. Hi Bill. I want to tell you that I very much enjoy your letters from “the High Country.” You are a wonderful writer and sharp-minded observer of the human condition. I sure do hope you continue in your hard work. – Dean W. Is a vote for Trump “a vote against the entrenched bureaucracy,” as Erik believes? Are Trump supporters “abject fools,” like Robert argues? Write us atfeedback@rogueeconomics.com IN CASE YOU MISSED IT… [The Gains Are Ludicrous. The Speed To Gains Is Insane. And The Sheer Volume, Is Unprecedented.]( The gains are ludicrous. As high as 84,900%. The speed to gains are insane. (That 84,900% gain? It happened in a single day.) And the sheer volume is unprecedented. 179 so far since December. With dozens more expected in the days and weeks ahead. And, while these gains aren’t normal or to be expected… [Multi-millionaire angel investor, Jeff Brown, is going to show YOU how to get in on them. So you can discover how to be $142,000 richer in the coming weeks – and much, much wealthier in the months and years ahead.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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