The porno economy

[Bill Bonner’s Diary]( The Porno Economy By Bill Bonner Friday, August 27, 2021 [Bill Bonner] YOUGHAL, IRELAND – Some day in the future… we’re going to understand the world better. Among other things, perhaps we will have a clearer view of that wonderful, wacky world of cryptos… Are they investments? Are they alternative forms of “money”? Or are they more like an art-form… or just entertainment? Maybe they’re a kind of financial pornography… exciting, but ultimately, phony and unsatisfying? When we figure it out… you’ll be the first to know, Dear Reader. Recommended Link [Shameful! See What Biden and the Democrats Just Did To YOUR Money]( [image]( The U.S. House of Representatives voted to let the IMF circulate what could be a new elite-controlled reserve currency. Its exchange rate could effectively devalue the U.S. dollars in your pocket and your savings. It’s all part of a disturbing agenda called the “Great Reset,” endorsed by the likes of Alexandria Ocasio-Cortez and radical liberals, under the guise of “equality.” How can you protect your money and all you’ve worked for from this reset? [See this briefing on what to do next]( -- Signal Event Similarly, the COVID-19 panic needs a deeper insight. Our friend, and former U.S. budget director, David Stockman, reminds us that the signal event in the first chapter of the COVID-19 calamity was the isolation of the cruise ship, The Diamond Princess. The “novel” COVID-19 virus was found on board in February last year. And the passenger list was heavy with old people – every one of whom might have been exposed to the death bug. “Order the lilies,” said one and all. “Those people are doomed.” But they weren’t doomed. Out of the 3,711 people trapped on the death ship, only seven died, according to Stockman. While that was a much higher mortality rate than on the average holiday cruise, it was not exactly The Plague. Besides, nearly every one of the dead was over 70, the age when death normally begins peeking in through the portholes. [Featured: New Investment “Craze” Hits All 50 States]( Blind Panic That was then, when nobody really knew much about the virus, and the initial reports had the whole world in a panic. Now, it is 17 months later. We’ve seen that the disease, and its variants, are very hard to stop. And that it really has it in for old people. Some countries fought it tooth and nail. Yes, that got pulses racing, too – as if the planet had been invaded by hostile aliens. Other countries took a more relaxed approach. And the results – in terms of death tolls – were [all over the place](. But then… Hallelujah! Suddenly, a miracle – a vaccine! The Russians… the Chinese… the British… even the Cubans had one of their own. With the shot in the arm, the human race was saved. Take the shot, says Dr. Anthony Fauci, and you are protected. Recommended Link [Holy Cow, Only $19!]( [ad_img]( “Hi, my name is Jeff Clark. For the past 36 years, I’ve helped people from all walks of life make money in the markets. Retired stockbrokers… presidents of companies… people with almost no financial experience… and everything in between. 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 unveiling 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 a ‘10-second live demo’ of this method]( to see how it works." [Watch Now!]( -- Continued Hysteria But what’s this? Here’s a headline that appeared on Bloomberg during the week: Get Shots or Get Out: US Employers Are Telling Workers And here’s The Washington Post on the same theme: More companies are weighing penalties for unvaccinated workers. Meanwhile, our better half is back in the U.S. She reports the following: We got an invitation to a lawn party. It looked like fun. So I was going to take [our grandchildren]. Then, I read it more closely and saw that the “invitation is extended to all those who are vaccinated.” I don’t get it. Dr. Fauci was on the news today. He clearly said that the vaccines are effective and that vaccinated people don’t have too much to fear. Even if they get the virus, they suffer much less from it. So why are people so afraid? If the vaccine is as effective as Dr. Fauci says, it makes COVID-19 – to vaccinated people – no more of a threat than the common cold or the typical flu. People who take the medicine are no more likely to catch the coronavirus, and die from it, than they are to die in a traffic accident on their way to the party. So why the fear? Why don’t vaccinated people go about their lives like normal people – without masks – and let the unvaccinated take their chances? Why the continued hysteria? Is it just a fake excitement… a porno-like thrill, full of sound and fury, panting and moaning, but signifying nothing? [Featured: (Bizarro World) Facebook set to launch new cryptocurrency?]( Questioning Our Assumptions We don’t know… But like cryptos, we’re on the case. And we have a suspicion that both the crypto craze… and the COVID-19 panic… are related to [our subject this week](. But what isn’t? We’re exploring how an economy actually functions… and how false signals, sent out by the feds, created a kind of porno-economy… full of fake action and unrealistic expectations. This week, we dug down to the [bedrock]( the hard foundation of ideas that helps us understand what is going on. If we’re wrong about them, we may be wrong about everything: Maybe you really can get rich by printing money… Maybe it’s not really sweat, toil, saving, and innovation that create wealth; maybe prosperity comes from government decrees… And maybe we owe our standard of living not to Henry Ford, Andrew Carnegie, and Steve Jobs… but to those selfless politicians and bureaucrats, who so carefully regulate and control our lives… Don’t they make sure that the “male” and “female” ends of the iron pipe screw together properly? Don’t they tell us when we should wear our face masks… and exactly how much inflation – 2%, not 3% or 4% – the nation needs? Recommended Link [The Great Bitcoin Meltdown Is Coming]( [ad_img]( “If you suspect Bitcoin is going to crash, I just want you to know, you’re right.” – Jeff Brown Prepare now, and get rich later… [Here is the truth about Bitcoin that no one else will tell you.]( -- Saviors and Protectors Didn’t Franklin D. Roosevelt’s New Deal pull us out of the Great Depression? Didn’t Federal Reserve chief Ben Bernanke’s “Courage to Act” save us from another great depression in 2008? Didn’t Dr. Fauci protect us from a catastrophic plague? Tune in again on Monday… We’ll back up the tape and take a closer look. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=The porno economy). --------------------------------------------------------------- FEATURED READS [Chick-Fil-A Not Immune to Labor Shortage]( are scaling back their operations. Not because of falling sales, but because of a lack of staff. Some are now offering higher wages to try to attract workers. [Largest Wholesale Food Distributor Suffers During COVID-19]( America’s largest wholesale food distributor is also experiencing labor shortages and the company says they are “aggressively hiring”. These shortages are causing a delay in services around the country... MAILBAG Dear readers praise Bill’s essay, “[Stock Prices Are Distorting Reality](... Meanwhile, the debate about Donald Trump’s presidency continues... Thank you for your life’s work and wisdom to the reality of the world and the way it works. I do not try to answer this question lightly. It is a grave matter indeed. How do you stop the political virus? The founding fathers gave us that remedy in the Second Amendment. It is the very weapon by which the sadistic traitors desperately want removed at all costs. If we remember correctly, the words of wisdom speak to us in these words: “God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty. ...And what country can preserve its liberties, if its rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure.” –Thomas Jefferson – Abe L. Your articles and coffee begin my day. I agree with William H. about Trump… to some degree. First of all, I’ll point out I’m disgusted with politics/governments (now and throughout history) and at 71, have seen too much “claptrap” to bring myself to support virtually any politician. The corruption and deception are far from the idea that is America. But as an observer, I think Trump did, in fact, bring about some attempt to bring back freedoms we are losing rapidly. I’m not sold on his motive being a desire to truly make America great again, rather than to put himself in the limelight, as he’s done in his other ventures. Either way, it doesn't matter. As inept as he may have been on some issues, he was miles ahead of the crowd we have lording over us now… maybe light years, which really puts into perspective the disastrous predicament we now face. – Gary H. And finally, a dear reader’s take on fellow reader comments in Tuesday’s missive, “[The Wisdom to Shirk](... Bill’s letter has me laughing; not at Bill but at the foolishness of the many people that respond only on an emotional level. Don’t get me wrong, I can sometimes be sympathetic but here’s the thing: If you live long enough and have your eyes open, you are bound to be confronted with immutable laws. Decision time. Thank you, Bill, for making me think, making me laugh, and making me prepare so that I can help someone else. – James M. Do you begin your day with Bill’s Diary? Was Donald Trump “light years” ahead of America’s politicians, like Gary says? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=The porno economy). IN CASE YOU MISSED IT… [Reclusive Best-Selling Author Issues Final Warning]( The Founder of the largest “underground” financial research firm in the world… Has one last warning to readers. Bill Bonner founded The Agora in 1978. Today – after 40-plus years in the publishing business – he’s coming forward with his final warning. And not a moment too soon… With offices in 11 countries… millions of daily readers… and two New York Times best-sellers to his name already… Bill’s latest – and last – warning may be the most important of his career. [Go here for the details – and to get a personal message from Bill.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Gold Investor’s Guide]( [image]( [How to Earn Free Bitcoin]( [image]( [The Trader’s Guide to Technical Analysis]( [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. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us [here](mailto:memberservices@rogueeconomics.com). © 2021 Rogue Economics. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Rogue Economics. [Privacy Policy]( | [Terms of Use](