Bordering on the absurd

[Bill Bonner’s Diary]( Bordering on the Absurd By Bill Bonner Tuesday, November 2, 2021 Modern society is hypnotized by socialism. It is prevented by socialism from seeing the mortal danger it is in. And one of the greatest dangers of all is that you have lost all sense of danger, you cannot even see where it's coming from as it moves swiftly towards you. – Russian novelist Aleksandr Solzhenitsyn [Bill Bonner] BALTIMORE, MARYLAND – Little noticed in the Western media, last month, Russian president Vladimir Putin made an important speech in which he explained what was wrong with us: We are surprised by the processes taking place in countries that used to see themselves as pioneers of progress. The social and cultural upheavals taking place in the United States and Western Europe are, of course, none of our business; we don’t interfere with them. “Never interrupt your enemy when he is making a mistake,” said Napoléon. But while Putin might enjoy watching us err… he continued with his helpful analysis: Someone in the Western countries is convinced that the aggressive erasure of whole pages of their own history – the “reverse discrimination” of the majority in favor of minorities, or the demand to abandon the usual understanding of such basic things as mother, father, family or even the difference between the sexes – that these are, in their opinion, milestones of the movement toward social renewal. Recommended Link [Last Chance // New Prediction // #1 Crypto to Buy Now]( [image]( In this new broadcast, recorded live in Miami… Teeka Tiwari — the man voted the #1 Most Trusted Crypto Expert — reveals his #1 MUST-OWN CRYPTO today. Teeka has a history of making winning predictions… - Teeka recommended both Bitcoin and Ethereum — before they shot up as much as 170X and 480X higher… - In 2017, he pounded the table on a lesser-known crypto coin trading for just 13¢. It went on to soar 1,500X higher — in 11 months. - He’s identified the #1 returning crypto every year since 2016… - And Teeka’s recommendations have returned 281% on average since 2016 — 14X better than Warren Buffett... But in this new video, Teeka reveals what could be his most important prediction yet. [WATCH TEEKA’S URGENT VIDEO NOW (#1 Crypto to Own Now Revealed FREE).]( -- Win-Lose All the Way We write today with no more knowledge of the proper relationship between the sexes than anyone else. But “abandoning the usual understanding” is at the heart of the West’s financial problem. And it’s something Russians can readily grasp, if not Americans. For seven decades, the Soviet Union required its citizens to do bizarre and unwelcome things. Their whole economy, from top to bottom, was controlled by the Soviet elite. Ordinary families, meanwhile, often two or three of them crammed together, lived in drab apartments, sharing a single bathroom. They wore drab clothes. They called each other “comrade.” They stood in line to shop at stores with empty shelves. They waited years to buy a poor-quality car. They did what they were told, in other words… no matter how stupid it was. [Featured: Introducing: The 3-Stock Retirement Blueprint]( One of the most remarkable features of the Soviet experiment was that it almost eliminated the politesse of a civilized society. The usual understandings, between merchant and customer, client and service provider, employer and employee… had been erased. It was win-lose all the way… and the losers saw no reason to smile about it. Been there; done that, said Putin: Looking at what’s happening in a number of Western countries, we see with amazement our own practices, which we thankfully have left behind, hopefully, in the distant past. Recommended Link [$7.59 a gallon]( [image]( Shipping delays…Empty shelves…and Soaring prices. Americans have never seen anything like the shocking disruptions we’re seeing across the nation. According to Yahoo Finance, toys, turkeys, Christmas trees, and wine could be impossible to get your hands on this holiday season – at any price. What is going on? And what does it all mean for your money? Renowned investment analyst, Jeff Brown, who predicted the Covid crash and picked the top returning technology investments 4 times in the last 5 years warns: “There is a dangerous agenda being pushed by the American and International elites – and what we’re seeing now is just the beginning of the biggest global ‘reset’ in history.” Jeff Brown considers this an urgent matter of national significance. That’s why he’s recorded a special address to our Nation – to explain what’s going on and what comes next… [Click here to see Jeff’s warning now.]( -- Out of Whack Here at the Diary, our beat is money. There, we see most clearly how abandoning the “usual understandings” is undermining growth and prosperity. That is, usually, you know who you can count on… and who you can’t. Your grocery stores will usually keep their shelves stocked… and your gas stations will keep the pumps operating. You expect your reporters to give you the news straight… and your politicians to be crooked. But when the most basic and important features of a free economy are skewed – such as the Federal Reserve’s artificially low interest rates – the whole system goes out of whack. Some people get wealth they don’t deserve. Others are deprived of it. People stop smiling and go for each other’s throats. For 18 decades (with a short interruption during the War Between the States), Americans could depend on the dollar. It was connected, by law, to gold. That’s why prices at the end of the 19th century were about where they were when the century began; a person whose great-grandfather saved a dollar in 1800 could enjoy the full measure of it right up until the Federal Reserve was created in 1913. Since then, the dollar has lost about 98% of its purchasing power. And today, it is losing its value faster than at any time in the last 12 years. [Featured: A message from Jeff Brown on the hottest investment in 2021]( Where the Money Goes But where is the “value” going? Where does it go when it “goes away”? It goes to the deciders! As [we reported last month]( the upper 10% own 89% of all publicly traded stocks. So when the Wilshire 5000, the broadest measure of the stock market, went from $22 trillion in March 2020, to $47 trillion last week, the elite gained approximately $22 trillion… in just 18 months. Most of that money will probably go back whence it came in the next crisis. But today, it stands like a red star on the Soviet flag… a symbol of corruption and incompetence on a vast scale. 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!]( -- Great Dividers But money isn’t everything. Here’s Edward Luce of the Financial Times: …my larger fear today is about the west’s general lack of deference towards the things that matter most, not least the institutions and habits of mind that protect us. These include an independent judiciary, a professional media, the culture of relatively good-faith debate, the lost habit of assuming those with whom you disagree are not evil, and the sense of larger belonging to a community with mutual obligations. Yes, Dear Reader, it’s those “[limits]( I told you about last week… those habits and “usual understandings” – not laws – that protect us. And yet, they seem to be losing as much value as the dollar. Again, Putin is on the case: The battle for equal rights and against discrimination is being turned into aggressive dogmatism bordering on the absurd, when the great authors of the past – such as Shakespeare, are no longer taught in schools and universities because they and their ideas are seen as backward. The classics are considered backward for their failure to understand the importance of the questions of race or gender.” For the Bolsheviks, there was no more important question than economic class – proletariat or bourgeoisie? Bolshevik… or counter-revolutionary? If you fell on the wrong side of that either-or, you were doomed. And great Russian writers, such as Boris Pasternak and Aleksandr Solzhenitsyn – either because they were critics of the Soviet Union or backward-looking romantics – were silenced. Now, it is America that has its rabid mobs, book banners, and dogmatic world improvers. It has its Great Dividers, too – vaccinations, climate change, historic monuments… black or white, gay or straight, male or female, Republican or Democrat. “Abandoning the usual understanding,” it still puts one foot in front of the other. Where it is going, we don’t know. But we don’t think we’re going to like it. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Bordering on the absurd). --------------------------------------------------------------- FEATURED READS [Here’s How Much Money Pfizer Has Made From Its COVID-19 Vaccine]( pharmaceutical company behind America’s first FDA-approved COVID-19 vaccine recently released its quarterly earnings and sales… revealing just how much money its vaccine has made the company this year… [A Megatrend of the Century]( and his Bonner-Denning Letter colleague Dan Denning have bet, for the next decade, on an increase in the use of oil, gas, and coal as the world transitions to green energy. This lines up with Casey Research’s idea that green energy will be the megatrend of the century… MAILBAG Dear Readers respond to the[soft and hard limits of God]( and on the intersection of economics and religion… Since when has religion NOT been interlaced with economics? Is the Catholic church the holder of the largest real estate portfolio in the world? Does tithing count? Good grief, all human activity has a bearing on economics. – John L. Cereal or surreal?… Don't mean to be a know-it-all, but money is mentioned in the Bible over 400 times. How we use it is our business, till it's not. When people say God is in control, I take it to heart. I want to be on the side of the Being that created all this. When money was not present, God sent manna and quails. God is involved in all our affairs, including and especially money. Just my thoughts and remember, I am an optimistic conservative. – Don H. You didn't drag religion into your observation of the mess the world is in. Religion is man's way to God. God is truth and light and as you say, He sets limits of soft and hard limits. It's up to man to live by the rules and regulations God has put in motion. I prefer to refer to them as universal laws and no one is above them as it says in scripture. God is long-suffering and patient, but won't be mocked. – Andy B. I do agree that in order for America to become prosperous again, the first step would be to eliminate, for all time, The Federal Reserve and their fake money. The second, and the government could do this, is to stop the flow of manufacturing jobs out of the USA and force Manufacturers to reopen plants here! The problem is no politician has the guts to do this. – Dwayne S. Lastly, some praise for Bill’s testimony from God series, which began with [“God Speaks…”]( One of your all time best. Also enjoyed your father of the bride speech. I have one more of those to go. – Mark H. What are other ways that religion plays a part in economics? Would a positive step for America be to force manufacturers to reopen plants here, as Dwayne S. believes? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Bordering on the absurd). IN CASE YOU MISSED IT… [Trump Seems Concerned About This and You Should Be Too…]( Those are the exact words of the former U.S. government official at the epicenter of a terrible mistake. This mistake is already destroying the lives of millions. Wealthy elites – including former President Trump himself… Barack Obama… Bill Gates – all look to be moving into position to avoid the fallout. [Click here to learn what they’re doing – and how you can stay safe yourself.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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