Marching to victory

[Bill Bonner’s Diary]( Marching to Victory By Bill Bonner Tuesday, August 3, 2021 [Bill Bonner] POITOU, FRANCE – We love a good parade as much as the next guy. And a good war. The sound of the trumpet! The shine of the medals! The thrill of the ranks… marching to victory! Out on the battlefield, the front-line troops give ‘em hell… while back at home, mom and dad follow the glorious fight on the wireless… proud of their sons and daughters… And as long as the money keeps flowing… who cares what is really going on? Recommended Link [Cell Phone Owners Beware]( [image]( If you own a cell phone, then mobile service providers hope you never get to see this video that could soon go viral. It was shot in downtown Denver by a multi-millionaire, who exposed sensitive truths about mobile phones and 5G. His experiment could strike a bad chord with mobile phone companies. But you’ve got to see what this man discovered and what it means for phone users in the weeks ahead. [Click here to see this video.]( -- Career Opportunity “War is the health of the state,” as the writer Randolph Bourne put it. Especially a war it can’t win, adds Bill Bonner. And now, with “breakthrough infections,” new “variants,” and vaccinated people still getting sick… [Featured: New Investment “Craze” Hits All 50 States]( Hey, like the War on Poverty, the War on Drugs, and the war in Afghanistan, the War on COVID-19 is turning out to be a career opportunity for the feds… ...and a real moneymaker for their main suppliers – the drug companies. Forbes reports: Operation Warp Speed (OWS)—the U.S. government’s Covid-19 relief program—would dole out $22 billion to Big Pharma. The amounts of money were the kinds of sums normally seen in the smaller defense budget line items, but were massive for a public health project—$2.5 billion to Moderna, $1.2 billion to AstraZeneca, half a billion dollars to Johnson & Johnson, and $1.6 billion to a small company called Novavax. Only Pfizer opted out of ponying up to the trough at first—it didn’t want to devote resources to coordinating with the US government on its work. In July, Pfizer signed a $1.95 billion deal to sell one hundred million doses of its two-shot vaccine to the United States, enough for fifty million people. It turned out to be a profitable move for Pfizer. The New York Times: Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine The vaccine brought in $3.5 billion in revenue in the first three months of this year, nearly a quarter of its total revenue, Pfizer reported. The vaccine was, far and away, Pfizer’s biggest source of revenue. Recommended Link [Savers: Is Your Money Dying?]( [image]( Your money doesn’t go as far as it used to. Since last year: - The cost of a gallon of gas jumped from $2 to $3. - Used cars prices rose $7,000. - It takes $36,000 more to build a new home. And with billionaire grocery chain CEO John Catsimatidis saying food bills could rise another 14% before year’s end… Your savings are quickly getting wiped out. Former tech executive Jeff Brown says a new technology could stop the loss. [In this presentation]( Jeff reveals what this technology is for free. For savers: it could preserve the purchasing power of your wealth. And for investors: it could deliver massive gains in 2021. [Click here for the full story]( -- Federal Case When COVID-19 came to light, all over the world, authorities might have treated it like any other health challenge. They might have alerted local officials… and warned vulnerable people to take cover. Instead, for better or for worse, almost all of the major nations – save, perhaps, Sweden – made a federal case out of it. They went to war. They attempted to stop the virus… isolate it… to trace carriers… to block transmission… and to stifle its spread. The strategy seemed reasonable enough, if your aim was to treat it as an enemy. But the virus must have broken the code. It seemed to know what the field marshals were up to. It changed its tactics. Its new Delta variant is said to move quickly. It sneaks through our lines – even those of the veterans who are fully vaccinated. And here’s the latest from the front, The Washington Post reporting: Florida breaks record for new coronavirus cases as surge of infections rips through state The data shows the severity of the surge in Florida, the epicenter of the U.S. outbreak and now responsible for 1 in 5 new infections nationally. The previous peak in Florida had been on Jan. 7, when the state reported 19,334 cases, according to the CDC — before the widespread availability of coronavirus vaccinations. Florida has reported an average of 15,818 new cases a day over the past seven days, according to data compiled by The Washington Post. The best wars – from the feds’ point of view – are those where the enemy never gives up… but can’t win either. Then, the conflict drags on for years. The feds spend trillions… get battlefield promotions… and reward their friends with contracts (guaranteeing a rich retirement for the insiders as “consultants” to their former suppliers). [Featured: (Bizarro World) Facebook set to launch new cryptocurrency?]( Criminal Victims So far, there is still no conclusive evidence that going to war with the virus really pays off. The headlines are full of alarums. But the death statistics show little connection between the war effort and the body count. Despite its sans souci approach, Sweden still has fewer deaths per 100,000 than the U.S., U.K., France, or Italy. Argentina is notable, with a higher fatality rate than any of them… and also the strictest control measures. We spent nine months there last year. Roadblocks kept us from going anywhere. Everything was closed. The whole country was locked up… You needed a special permission to come in or go out. And now, Argentina is leading the way to the future (we fear) by turning the victims into criminals. Yes, the gauchos are cracking down. Here’s a message received from friends: Today's Infobae newspaper says that 20 people are down with the Delta version of COVID-19 and that five others have been arrested for violating articles 202 and 205 of the Argentine Penal Code. Article 202 of the Argentine Penal Code says [in an awkward translation]: “Shall be punished with seclusion or imprisonment for three to fifteen years a person who spreads a dangerous and contagious disease to others…” Article 205 of the Argentine Penal Code says: “Will be punished with imprisonment for six months to two years he who violates the measures adopted by the competent authorities for impeding the introduction or propaganda [it probably is supposed to say propagation] means “of an epidemic.” Recommended Link [Massive Moneymaking Opportunity Coming?]( [image]( Master trader Jeff Clark has an urgent opportunity. If you’re willing to try something new, he believes you could make bigger percentage gains in the coming months… than you have in the past several years. [Get the details here – including the name of the #1 stock you need to be ready to trade.]( -- Found and Fined All over the world, as we reported [last week]( the warriors are running out of patience with the malingerers and peaceniks. Far from giving up the war as a lost cause, they want a surge. Here’s the latest from the Earth’s underside, The Daily Mail: Australia uses helicopters and the ARMY to enforce its 'Zero Covid' lockdown as thousands of police flood Sydney to enforce the rules and hand out $500 no-mask fines - with just 17% of adults vaccinated Sirens blared across the city and a draconian message was broadcast from the skies, as millions were told: 'This is public health order—do not break rules—you will be found and fines issued.' Yes… COVID-19 appears to be here to stay… along with a long war against it. And tomorrow, we look at yet another enemy… and another “transitory forever” war. Stay tuned… Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Marching to victory). --------------------------------------------------------------- FEATURED READS [The U.S. Housing Market Sees More Inventory, Less Buyers]( housing sales were down 1.9% from the previous year. The National Association of Realtors’ chief economist says the rising cost of housing is scaring away some potential buyers, even with increasing inventory… [UPS Shares Are Dropping as Consumer Spending Is Down]( Parcel Services (UPS) shares fell to a three-month low. UPS has been crucial to the pandemic online shopping surge, but an economic analyst says this may be a sign that the trend is slowing down... MAILBAG A dear reader says Bill doesn’t get the seriousness of COVID-19… My brother and his grandson caught COVID-19 by carelessly not wearing their masks in public. They were infected by friends of friends of strangers ad nauseum. Both of them went through Hell for a month and were isolated in their home in Scotland. My brother was near death from respiratory complications from COVID-19. You only look at the big picture of this virus, not of the horrible consequences and side effects it does to people. And a very good reason I got vaccinated is that I have asthma and I would not have survived if I caught COVID-19. Perhaps if it affected your family members in a bad way, you wouldn’t be wasting cyberspace talking about it... You could help Joe Biden out by telling people to get vaccinated. – Virginia K. Meanwhile, another dear reader sheds light on the U.S.’ “fragile recovery”… and one gives their take on Bill’s essay, “[Follow the Money]( The domestic travel industry has already made a comeback, with Delta Airlines recently announcing that their domestic bookings are at or above 2019 levels. International travel remains depressed for both holiday and business travel but is showing upward trends. But it’s all a fragile recovery, with the government, the media and corporate medicine keeping their fingers on the panic trigger, apparently ready to order all of us back in our caves at any moment. – Brien A. Well, my goodness, Bill. You’re actually, finally being honest about one of the real problems this country has had for generations: the military industrial complex. Hasn’t diminished one bit since Ike’s momentous warning… – Joseph S. Is the military industrial complex a generational problem, as Joseph believes? Have you begun traveling again amid COVID-19? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Marching to victory). IN CASE YOU MISSED IT… ["The American Dream is turning into a Nightmare…"]( In the richest country in the world… - 1% of Americans control $30 trillion in wealth – while the bottom half is drowning in debt… - 60% of Americans are so broke they can’t put their hands on $1,000 in case of an emergency… - And 40% of Americans face a retirement in poverty What is going on in this country? Former Wall Street insider Teeka Tiwari has uncovered disturbing facts… Undeniable proof that you won’t see anywhere in the mainstream media. He’s also discovered a unique solution… What he calls a new "Liberty Code" that’s minting up to 25,000 millionaires per month… And that could finally restore freedom and liberty in America. 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