Trust me, I know what I’m doing

[Bill Bonner’s Diary]( Trust Me, I Know What I’m Doing By Bill Bonner Wednesday, December 1, 2021 Trust me, I know what I’m doing. – ­Inspector Sledge Hammer, [1980’s TV show]( [Bill Bonner] BALTIMORE, MARYLAND – Oh My Cron? OH-mee-cron? Or something like that. President Biden sees it as such a big thing, he scheduled an address to the nation. Of course, POTUS knows nothing more about the omicron COVID variant than the rest of us. Still, he urged all Americans to get a booster shot. Is he practicing medicine without a license? Who knows? Here at the Diary, the hardest decision we make each morning is choosing what to laugh at first. Recommended Link [The Ticker Symbol They Don’t Want You to Know About]( [image]( [This ticker symbol has doubled in value this year.]( Experts predict it could double again in the coming months. And yet, former New York Stock Exchange president Thomas Farley says this asset is “the best-kept secret in the world, and maybe in the history of financial markets.” Former hedge fund manager Teeka Tiwari [reveals why here.]( You’ll get the name of the ticker, for free… Plus how it could ultimately “disrupt” $867 trillion in the capital market and deliver 10X gains in the coming months. [Click here for details.]( -- Quick Movers Meanwhile, some slick hustlers moved fast to capitalize on the omicron craze. Yes, you guessed it… they rushed out an Omicron crypto coin. No kidding. What market did it serve? What product or service did it offer? Why the hell would anyone want to buy it? We have no idea, other than that the word “omicron” came to be very much used over the weekend. Here’s Mark Gongloff at Bloomberg: A crypto thing called Omicron has soared more than 900% since Saturday because there is now also a Covid variant called omicron. That’s it. That’s the reason. Omicron the Crypto Thing is, in the words of CoinTelegraph, “a recently introduced decentralized reserve currency protocol that runs on the Ethereum layer-two network Arbitrum. Its native OMIC token is backed by several other crypto assets including the USD Coin stablecoin and liquidity provider tokens. It can only be traded on the SushiSwap decentralized exchange.” Clear as mud… [Featured: The Truth Behind the Global Chip Shortage]( Here’s Gongloff’s colleague, Matt Levine, with more gibberish: Omicron is a clone of OlympusDAO, a fascinating decentralized-finance Ponzi scheme that we’ll probably have to talk about around here one day, but that’s not why it’s up. It’s up because it is a tradable claim with the word “omicron” in its name, and the word “omicron” is up. You just have to unfocus your eyes and not think too hard about it. Omicron, omicron, get it? Recommended Link [iPHONE WARNING: Obsolete?]( [image]( Why is Jeff Brown throwing away a perfectly good $1,000 iPhone? According to him, Apple is about to make a critical announcement that will send shockwaves through Wall Street. [If you own a smartphone, click here now…]( Because this is guaranteed to affect you. HINT: The iPhone days are coming to an end. [Click here now.]( -- Distract and Conquer In South Africa, where the variant first made landfall, health officials say omicron, the virus, is no big deal. It produces “mild” symptoms, they say. But hey… there’s one born every minute. Some become crypto gamblers. Others become presidents of the USA. Besides… this is a good time for distractions. Inflation is getting worse… Stocks are falling… Congress is again bumping into a debt ceiling… Gasoline is 60% higher than a year ago… Supplies of oil, gas, and electricity are becoming more fragile… …and winter is coming. USA Today adds: Who imagined that COVID-19 would continue to ravage us and that we would also have record-high inflation, sky-high gas and food prices, and our fellow Americans left behind in Afghanistan? Who could have seen that the No. 1 enemy of the Justice Department in 2021 would be parents worried about what their children were taught in school? Who thought that our southern border would be effectively open and that the supply chain crisis would be so dire, children’s Christmas gifts are at risk? When you are out of office, tell the voters that things are getting worse. But when you are in office, let them think that Heaven on Earth is just around the corner. If we were president, we know what we’d say: Inflation? No problem; it’s transitory. Debt ceiling? Don’t worry, we’ve got a plan. New variant? Under control. And winter? Who could have seen that coming?! [Featured: Why American is Failing…]( Special Precautions Viruses, like cryptos, replicate. And then, they tend to lose their puissance. They are living things. They “want” to spread out… to reproduce. And they do it best by infecting people, but not killing them… at least, not until they’ve had a chance to spread to others. But you never know. Most of the deaths – whether from COVID-19 or the flu – are probably “accidental,” or collateral damage, from the virus’s point of view. Their hosts just couldn’t handle the load. And you might be one of them. So, if you don’t want to risk getting a virus, the way to do it is easy – never leave your home… and never permit any visitors, not even from pets. Few humans want to live that way. Instead, they take their chances. They drive fast, eat mushrooms, and enjoy one-night-stands without asking vaccination status… and go see doctors and priests to help them through their moments of doubt and pain. And as they get older, they become more vulnerable, so they take special precautions. They move more slowly, for fear of falling. They drive more carefully, aware that their reactions are not as swift as they once were. They get their shots. And they die. Recommended Link [Do You Have $19? (That’s All It Takes)]( [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!]( -- Tried and True Here at the Diary, we have no problem with any of that. Amor fati. Do fools get separated from their money? Do old people die? Do the leaves turn color in the autumn and politicians lie all year round? We are serene about the way the world works. But we prefer truth to lies, beauty to ugliness, and courage to cowardice. And when the leaves turn and the chilly winds blow, we prefer looking out on a few cords of dry firewood, rather than trusting the Department of Energy to make sure we stay warm. For our money, we’ll stick to the old tried-and-true. And as to medical advice, we’ll talk to our doctor. Regards, [signature] Bill P.S. And here's something interesting… Nigel Farage, one of our colleagues in England, is interviewing Donald Trump at 2 p.m. ET today. U.S. viewers can watch the interview live on the GB News app. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Trust me, I know what I’m doing ). --------------------------------------------------------------- FEATURED READ [Ray Dalio: Cash Is Not a Safe Investment]( of the world’s biggest hedge fund, Ray Dalio, is warning investors against using cash. His reasoning? It could be “taxed by inflation.” Here’s what the billionaire advises instead… [Inflation Is Worse Now Than in the 1970s]( those looking to build their wealth in today’s economy, it’s harder now than it was in the 1970s. Legacy Research editor Chris Lowe explains why, and shares one inflation-proof investment to get into now. MAILBAG Dear Readers have a lot to say about climate change and about [America’s history that Bill wrote about earlier this week]( Even Dear Readers can be dopes at times. I’m thinking of the one who gleefully wishes your investments in gas, oil, and coal go in the dumpster, and was literally orgasmic over the rising price of gas, thinking that will more quickly usher in renewable energy. The reader apparently isn’t aware that renewables only account for 5% of our energy needs, and the infrastructure necessary to increase that percentage cannot happen overnight. Also, electric vehicles are unaffordable to almost anyone without massive government subsidies. And, what happens to all the toxic batteries after their usefulness? I have way more queries, but you have limited space. – Brian H. Why is “the establishment” ignoring the obvious way out for reduction of our “carbon footprint” on this planet? That is, by utilizing and developing nuclear power for our ever increasing need for energy. The tech for doing so has developed greatly since past failures have affected public opinion. Or is it that vested interests are opposed, and are able to misinform the public? – Alfred A. I’ll be 81 next month and am a Patriot/Libertarian who loves what America was formed to be and was for an incredibly short time. What it is today (and became shortly after its legal founding) is not what I celebrate, and I believe you neither. All of those “atrocities” which you compare to other civilizations are ours and to be condemned as they have led us to our present condition. Is it too much to ask that we honor our forefathers’ oaths, pledges, and sacred pacts, as we are surely all fallible “men”? But instead shove them under the rug as just part of the history of “man” is short-sighted and a bit pollyannaish. God bless you and your incredible family, and a last word – you omitted the atrocities of the Christian church whose flag many flew under. Live in the light and prosper – in the new millennium. – Jac M. As a religious 82-year-old, what strikes me about climate change, or “global warming” as it’s known, is the fact that human beings with all their great powers cannot stop or even alter the direction of a hurricane before it causes death and destruction. We cannot stop a volcanic eruption. We can do nothing to stop a tsunami. We cannot bring a torrent of rain on a wildfire before it causes terrible destruction. We cannot bring rain to drought-stricken farmland to get adequate food production. Yet by using God’s wonderful gifts of coal, crude oil, and natural gas, gifts that without which we would still be living in cabins and using outhouses, freezing in the winter and baking in the summer, and riding horses and donkeys… we are able to destroy the entire planet? Sorry, I just don’t buy it! – Michael H. Is “the establishment” ignoring an obvious way to reduce the world’s carbon footprint, as Alfred believes? Are cryptocurrencies a welcome distraction from the day’s news? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Trust me, I know what I’m doing ). IN CASE YOU MISSED IT… [Hey! STOCKS ARE DEAD!]( There’s something FAR better than stocks… They’re called “W Codes” and they can be: - 15 times MORE PROFITABLE than stocks… - 20 times FASTER than stocks… - Far CHEAPER than stocks… In one recent example, a tech stock paid out 523%. Not bad! But that looks dismal compared to the “W Code” that paid out 7,991%. While nobody can promise you’ll see gains as high as this extraordinary market example, that “W Code” was cheaper… faster… AND more profitable than the stock! Hint: “W Codes” are not options. They’re much, MUCH better. PLEASE: click on the gain you’d choose: [523%]( [7,991%]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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