Think of the wavering millions

[Bill Bonner’s Diary]( Think of the Wavering Millions By Bill Bonner Thursday, July 1, 2021 Raise your glass to the hard-working people Let’s drink to the uncounted heads Let’s think of the wavering millions Who need leading, but get gamblers instead Spare a thought for the stay-at-home voter Empty eyes gaze at strange beauty shows And a parade of the gray-suited grafters A choice of cancer or polio – Salt of the Earth, by The Rolling Stones [Bill Bonner] YOUGHAL, IRELAND – Today, we raise a glass to the hard-working people… …robbed by the gamblers and conned by the gray-suited grifters… Yes, we drink to the uncounted heads… the people who till the earth and pay the bills. Recommended Link [How Will Great Reset 2021 Affect You?]( [image]( You’ve likely heard about a “Great Reset” being planned the world over… How elites want to usher in big changes… New “green deals”… “fair” pay for all… and how this could even lead to [bank balances being wiped out]( And Jeff Brown has just released a new video to connect all the dots… [Click here to view this important video now.]( -- Elite Role As we’ve oft explored in these Diaries, all wealth comes from work. Sweat. Innovation. From people who save their money and accumulate their knowledge. From people who plant gardens, write songs, and clean the windows. Typically, the elite play a valuable role – designing bridges, settling disputes, teaching the young, and healing the sick. Its priests point the way to Heaven or hell. Its judges and opinion leaders moderate the savage impulses of the mob… and guide the “lower depths” (mostly by example) in all matters aesthetic, moral, and practical. Its politicians should restrain themselves, stealing no more than a few percentage points of the national treasure. Its generals should stay in their barracks, unless called upon to defend the country. And its central bankers should protect the value of its money… no more, no less. [Featured: Shameful! See What Biden and the Democrats Just Did To YOUR Money]( Irresistible Temptation But the elite, naturally, have power as well as responsibility. They have guns and laws to boss people around. And the temptation not just to protect money… but to print infinitely more of it… appears to be irresistible. Left unchecked, the power corrupts… turning them from a helpful service class to a group of self-serving parasites. That is what America’s fake money has wrought. [As we reported]( the top 1% has seen its wealth increase by $25 trillion since 2009. There are 330 million people in America, so the top 1% numbers 3.3 million… Divide that into $25 trillion, and we see that the average one-percenter has gained about $7.5 million – which works out at about $1,845 per day. Not a lot of money for a one-percenter. Maybe he can do better over the next 12 years! Recommended Link [Forget Bitcoin: Here’s the #1 way to trade]( [image]( Bitcoin is DEAD! Because there’s a NEW way to trade. - It can pay far more than cryptos… - Trades can cost as little as 1¢… - Warren Buffett made $12 billion with the idea behind this technique… One of these odd trades even shot up 183% in one day! Readers across two services saw the chance at a rare 4,942% gain with one 19¢ recommendation. Again – [this is NOT crypto trading](. But you CAN make these trades right from a normal brokerage account. Here’s [the full scoop]( on this weird way to trade. [BETTER THAN BITCOIN]( -- Wealth Inequality But today, our attention is on the rest. The carpenters and used car salesmen, the streetwalkers and factory girls, the people who serve the hamburgers and fix the potholes. The total “wealth” gain since 2009 is about $70 trillion. If the top 1% got $25 trillion, the bottom 99% must have gotten $45 trillion. But of that, almost all was concentrated near the top. Those in the bottom 50% gained only about $13,250 apiece over the last 12 years – or about $3.23 per day! That is the “inequality” you hear lamented so frequently in the press. And it’s no accident. In the last 15 months, for example, the Federal Reserve has “printed” up some $4 trillion. Stocks have hit [record after record](. Real estate, too, is now [in record territory](. [Featured: Have a Visa or Mastercard? Get Ready To Shred Them!]( Hornswoggled The gamblers have never seen the cotton so high. They can borrow money below the level of consumer price inflation, and use it to speculate on [SPACs]( [NFTs]( [meme stocks]( [cryptos]( – you name it. Billionaire investor Stanley Druckenmiller tells us what it is like: ...everyone wealthy that I know is making fortunes… this guy [Federal Reserve chief Jerome Powell] is printing money like there’s no tomorrow… for the life of me, I can’t understand why the left is so excited about money-printing when all the data shows that the people who benefit from money-printing are rich people. But the foot soldiers? The hairdressers? The proles and hoi polloi? They have only their time to sell… and, by retarding the growth of capital, the feds make each hour less valuable. They are the masses… the people… the folks who supposedly control the government. But they’ve been hornswoggled. The inflation trick is too subtle. They don’t understand it. Besides, in each election, they are offered the same choice – between cancer and polio. Recommended Link [“The 10-Second Trading Method That Helped Me Change My Life” (Live Demo Below) – Jeff Clark]( [ad_img]( “Hi. My name is Jeff Clark. For the past 36 years, I’ve helped people from all walks of life retire wealthy. Retired school teachers, doctors, even the occasional pro athlete. But I haven’t done it the usual way. My method is different. It’s unlike anything you’ve probably ever seen before. We’re offering it right now for just $19. That’s the lowest price my publisher has EVER offered for a trading research service. And it won’t be available for long. [Watch this 10-second “live demo”]( to see how it works. This 10-second method helped me change my life. And I still use it to generate tens of thousands of dollars every year.” [Learn how to get it here for just $19 for a one-year subscription.]( -- Bright Side Still, here at the Diary, we always look on the bright side. We walk on the sunny side of the street and drink from the half of the glass that is full. Yes, there are advantages to being poor. The poor man doesn’t have to look at [ugly or depressing art]( he can buy a print of a Norman Rockwell magazine cover. He doesn’t have to wander around in a giant, empty palace and hire a gardener named Joselito. He can live in a cozy rambler… warm himself in front of the fireplace in the winter… enjoy a cool beer on the porch in the summer… and cut the grass himself. And he doesn’t have to travel. The rich man flits from business conference to his vacation digs, exhausting himself while pretending to be important. The poor man gets to stay at home. Nor is the poor man expected to cheerlead for whatever cause is popular. He need not fly a rainbow flag from his bedroom window; his neighbors would think he was a little “funny” if he did. Nor does he have to worry about his carbon footprint. He drives a gas-guzzling pickup… but only to get to work. The poor man doesn’t have to read How to Be an Anti-Racist or know who Ibram X. Kendi is; he knows where he stands. Black or white, he’s proud of his own people… and sure that others are low-lifes. And he doesn’t have to waste his time learning the difference between a Chablis and a Chardonnay. Or fear picking up the wrong fork at a fancy dinner party. “Fork ‘em all,” he mutters… Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Think of the wavering millions). --------------------------------------------------------------- MAILBAG Dear readers respond to Bill’s essays, “[Wrong About Everything]( and “[Bitcoin: All Foam; No Beer?]( Sure, you can trade cryptocurrency and make money. But crypto money? I wonder how well the folks in Texas and California are doing while depending on unreliable electricity (made and delivered by good, old-fashioned copper… unless this good, “old-fashioned” guy missed something and is now conjured out of the ether?) Or when the same code geniuses who came up with crypto live in some state not entirely friendly to the West, manage to control the grid and shut the access to crypto fortunes down? – Colin T. It is amazing how everything goes up. Where does it end? Does anyone know? Based on past experience, it should be soon… but now, history has no meaning. – Calvin K. Motown. Thanks, Bill for your acknowledgment of it as a former No. 1 bastion of wealth in America. We boomer Detroit citizens grew up there, enamored with its music scene, and occasional sports glory, more than anything, since cars started coming from everywhere else. Unlike crypto, cars are tangible. You can (mostly) count on them. They even give us a measure of independence. Crypto has the potential to be centrally controlled, disappear, fluctuate wildly, and cannot be physically held. This is a zombie brainchild. – Michael C. Is cryptocurrency a zombie brainchild, as Michael believes? Or will it replace “fiat” currency in the future? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Think of the wavering millions). IN CASE YOU MISSED IT… [The Rules Have Changed Against You]( Global Elites like George Soros, the IMF, the World Economic Forum, and leftist think tanks in Washington call to end capitalism… And replace it with a socialist economy and their one-world currency. It’s not Bitcoin, the yuan, or any fiat currency you’ve heard of… But if approved, it could cut your savings, your retirement accounts, and even devalue your property by a third. It’s the “Great Reset” of the American way of life. That’s why you must see [this briefing]( while you still can. It’s your best chance to fight back and protect your livelihood. [Click Here Now To Learn How To “Escape the Reset”]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [image]( [The Trader’s Guide to Technical Analysis]( [image]( [The Ultimate Guide to Taking Back Your Privacy]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Share]( [FACEBOOK]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. 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