Off the charts; off their rockers

[Bill Bonner’s Diary]( Off the Charts; Off Their Rockers By Bill Bonner Friday, July 31, 2020 – Week 20 of the Quarantine [Bill Bonner] SAN MARTIN, ARGENTINA – These two headlines from Bloomberg caught our eye yesterday: “U.S. Economy Shrinks at Record 32.9% Pace in Second Quarter” “U.S. Jobless Claims Rise a Second Week in Sign of Growing Risks” These are the reports we’ve been expecting. They tell us what we already knew: When you shut down an economy, well… you have less of an economy. About a third less, in this case. And since an economy is what provides our wants and needs… turn it off, and you have less of both of them. Recommended Link [The FASTEST and LARGEST Gains in Stock Market History (Thanks to Uncle Sam)]( [ad_img]( On Wednesday, August 5, at 8 p.m. ET, Jeff Brown will reveal the details on a millionaire-making opportunity. A rare situation that almost never takes place… but when it does, it can unlock the fastest and largest gains in stock market history. It’s literally possible to see up to 1,000% gains in one day. Extraordinary gains like: - TGTX: 566% - AMAR: 600% - NBY: 875% - ATNM: 900% - BSEM: 1,130% - HROW: 1,288% And now Jeff says it’s about to happen again. This involves a government mandate. RSVP today, and Jeff will tell you everything… including how to learn the ticker symbol of the one small cap biotech that could start to soar up to 1,000%… Within 12 months, it could turn a tiny stake into a nest egg. [Click Here to RSVP]( Off the Charts The decline in GDP didn’t merely break a record… it broke a whole vintage record shop, smashing the 1958 decline by three times and the 1932 Great Depression catastrophe by two times. Mathematicians say that such a collapse in GDP is a “10-sigma” event. That is to say, it is “off the charts.” By comparison, even the weirdness in the currency markets that brought down the 16 math geniuses at Long-Term Capital Management in 1998 was said to be only a “6-sigma” event. That’s the kind of thing that happens just once or twice in the life of the universe. Which goes to show what mathematicians know about markets and economics. [“Tech Royalties” could be the answer to a fruitful retirement.]( People don’t do exceedingly stupid things every day. Like playing Russian roulette, once or twice is usually enough. And if the feds shut down the economy – even once – that should probably be enough to convince them never to do it again. That’s why there are 10 sigmas… and not just two or three. People go off their rockers from time to time; but not often. Recommended Link [Eerie Warning Posted by Independent Financial Visionary]( [image]( While stuck on an island in the Caribbean… “America’s No. 1 Investor” recorded this prescient message. In the first few minutes, he lays bare everything wrong with America today… What’s coming next… And how you can prepare. [WATCH NOW: America’s #1 Investor Posts Blistering Exposé]( -- Better Than Normal And it’s why we feel so lucky. How many people get to see such rare imbecility? How many get to gawk… point their fingers… and laugh so hard they practically burst? And what is even more fascinating than the actual calamity unfolding before our very eyes is the reaction of the masses… the movers… the shakers… and the intelligentsia. Curiously, the economic drop is so shocking that people regard it as though it weren’t real… They think it is a “fluke”… caused by a virus, not something begotten by themselves. And they comfort themselves with mental legerdemain. By definition, 10-sigma events don’t come along very often… Ipso facto, they say, it will never happen again. It’s over. In the past. Like a bad night in Las Vegas; we’ll never mention it again. That’s why – despite the worst economy on record – stocks are still priced as if everything were normal… even better than normal. And even with the biggest debt, and deficits, ever recorded in human history, both Democrats and Republicans aim to spend more. [“Pressure Point” Technique Could Double Your Money in 30 Days.]( Interlocking Mess The COVID-19 pandemic and the shutdown are certainly flukey. But the infection of the U.S. economy began long ago. From “patient zero” – the introduction of fake money in 1971 – to Greenspan’s “put” that protected investors from their own irrational exuberance… to the “deficits don’t matter” GOP… to the 2008-2009 bailout of Wall Street… to a $4 trillion deficit… and a $7 trillion Federal Reserve balance sheet – America’s finances were already suffering feverish day tremors and night sweats. Its politics, too, had already degenerated long before COVID-19 ever appeared. In other words, the latest GDP report is an outlier… But it is part of a pattern, too, not an isolated event. There is little social distance between it and a whole group of sick phenomena… It is an interlocking mess – the decline of an empire… …a desperate attempt to hold on to political and military power… …paying for everything with fake money… …rigging the economy and the markets to favor the rich… …panicking in the face of the coronavirus… …and turning the economy into a grotesque mockery of capitalism, depending not on capital, but – like a Banana Republic without the bananas – on phony money from the Fed. Recommended Link [America Has Waited 3 Years. It’s Finally Here]( [image]( America’s future lies in this black box you see here. Americans have waited over 3 years for the technology inside this box. Today it’s built and perfected by a tiny $8 company with over 124 patents. And this company could net you a six-figure windfall, as this technology goes mainstream. For full details on this opportunity… [See this briefing now]( -- Dramatic Event And it’s not over. These trends lead to what analyst George Karahalios calls “a clusterf*ck of additional policies cheerfully designed to engender a better universe…” Yes, Dear Reader, the second quarter is past. But the fever remains, with its something-for-nothing delusions… its fantasies of “printing press” money… and its “us against them” politics… And there is the U.S. economy… the Empire… the Constitution… capitalism… the peace and harmony of a once-prosperous nation – like an old man awaiting last rites… wasting away, his flesh fading and his chest rattling… It may take centuries to build up a flourishing, civilized society. But it can go down fast. More to come… Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=“Off the Charts; Off Their Rockers). --------------------------------------------------------------- FEATURED READ [This Asset Is Performing Better Than Gold]( hit a new high this week, confirming Bill’s thesis that unsound money eventually winds up in safe, hard assets like gold. But there is another asset that is outperforming the yellow metal, and it’s something you can get your hands on today. [Click here]( to learn more… MAILBAG Thursday’s missive, “[Reparations for Everybody]( got dear readers chuckling… You are such a bright spot in my day. Love your sense of humor. Keep up the good work! – Barbara K. Fantastic editorial on why we cannot, as a society, pay our way out of disadvantageous situations. There is always some group that has been forgotten. You made me laugh. But it was so true, I could have cried. Money does not solve the problem – Alexander V. Wiley Willy, you've outdone yourself today. LOL and LMAO humor! Brilliant the way you weave the tale. The aspiring politicos would take the hook right out of the chute, agreeing that money would be the solution to the Black population’s “issues.” Righting all the wrongs and putting them on equal footing with whites. How could a Black person ever complain again? But then, you take them down the path of the unintended consequences the political class never wants to contemplate. So much fun! You neglected to include bald men (a class of disadvantaged persons I'll be championing) in your largesse. And overweight people who can't push away from a plate of fries? Thankfully, they have an unlimited amount of “cash.” And the inflation the Fed has been pining for would be abundant as soon as the cheques (did that give away the fact I'm a Canuck?) clear the bank. Truly, a brilliant solution! Thanks for brightening my day each morning! – Bill W. Once again, Bill, you may be guilty of assault and battery on my funny bone. This is one of the most hilarious and penetrating metaphors I've yet read from you. More, please! – Steve M. Absolutely the most hilarious article I've read in a long while! Laughed until I cried! Every bit as funny and entertaining as stuff written by Jason Gay of The Wall Street Journal. – Jim E. As a Brit, may I please have some reparations for the illegal seizure of the former British colony now known as the United States of America? 😄 As usual, thoroughly enjoying your posts, though I sometimes despair at the mentality of some of your critics. Keep up the good work, please! – Dave G. Meanwhile, another calls Bill “severely misinformed” about reparations… Look up what happened at the end of slavery, especially how the slave owners were paid for their loss of labor, while the former slaves received nothing for over 250 years of forced labor. If you have Netflix, watch Explained: The Racial Wealth Gap, and the documentary about the 13th Amendment. – Matthew M. And finally, others share their thoughts on Wednesday’s Diary, “[Is This ‘Peak Gold’?]( It seems to me, so long as there is a balance between goods available and the availability of money to buy those goods, and that available money is circulated, people making purchases, a balance is maintained. The faith in the system keeps it going. However, when we have corruption in the government, as it appears there is at the present in the U.S., the system could possibly disintegrate. But, if the population becomes dissatisfied with the corrupt government leaders and votes them out, hopefully a reasonably honest government will right things. Here, where I live, people distrust their government. That is a very dangerous condition. I do not always agree with you guys, but your writing is good. It is thought provoking. I am not sure even precious metals are safe. They are still subject to supply and demand. However, silver ingots may be a possibility. But, then again, you pay more than the real value for the item when you consider the actual landed cost. Then how does one store such a commodity? Maybe land would be a possibility. But then there are the taxes paid on it. So is there a solid answer? NO, it seems all is speculative. – Terry C. I always look forward to reading your insights and adventures. I, too, am a fan of precious metals, but not as a “get rich” investment. I’m just trying to hang on to some of the relatively small amount of wealth I’ve accumulated over my lifetime. But it’s interesting to note that another metals group has far outperformed gold and silver since this foolishness started. That would be lead and brass, aka ammunition. As an example, at the beginning of this year, I was able to purchase 9mm ammunition for 15 cents per round. Now, with material shortages and social unrest, that same round, if you can find it, is about 85 cents. That kind of appreciation leaves gold and silver in the dust. It may be that ammunition prices are a better socioeconomic indicator than precious metals. Regardless of which metals group you use, it’s a very sorry state of affairs that our wonderful country has come to this point. The Chinese Communist leadership must be laughing that their little slip-up exposed us as the “Paper Tiger” we’ve allowed ourselves to become. On our present course, I don’t see much hope. – Mark M. How did you react to Bill’s reparations piece? Are ammunition prices a better socioeconomic indicator than precious metals prices, as Mark believes? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… [Trump/Bezos/Gates Invest in Tiny Tech Stocks [SEE BELOW]]( Did you know… In the crash of ’08, one tiny niche of the market rose up to 382%? And during the panic of COVID-19, the top two stocks (out of ALL S&P 500 stocks) came from the same place? It’s true! [The secret is what Jeff Brown, known to many as Silicon Valley’s top angel investor, calls “Penny IPOs”…]( These are tiny early-stage stocks that go public almost every week. And – according to Forbes – President Trump recently pumped $456 million into their corner of the market. And even Bill Gates and Jeff Bezos are investing BIG! [In fact, Bezos put $134 million into a similar type of company… and his stake grew as much as 6,206%!]( Gains like these are rare. And this is an explosive story… But Jeff Brown just found three “Penny IPOs” you can buy today for dirt-cheap. And without having to be a millionaire accredited investor! [See His Top Three Penny IPOs (Click here for full details…)]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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