Hint of truth

[Bill Bonner’s Diary]( Hint of Truth By Bill Bonner Thursday, December 9, 2021 [Bill Bonner] YOUGHAL, IRELAND – In the news yesterday came a report from FantasyLand that a nonexistent social media company had chosen a non-tech, non-media executive to head up its nonexistent operations. CNET reports: GOP Rep. Devin Nunes to leave Congress to run Trump's media company The California Republican has been one of the former president's most ardent supporters. Our premise here at the Diary is that it is real money that keeps our shoulders to the wheel and our feet on the ground. We want it. And we get it by providing goods and services to others. That is why a “capitalist” economy is so much more productive, prosperous, and polite than a “socialist” economy. The “hidden hand,” as 18th-century economist Adam Smith called it, guides people to increase the wealth of others as well as themselves. But substitute fake money for real money… and even a capitalist system soon goes giddy with corruption, malinvestment, and waste. And substitute an “ardent supporter” for a real entrepreneur or businessman… and… well… investors are probably better off keeping their money in their pockets. Recommended Link [It’s Wall Street's Worst Nightmare]( [image]( [This new financial technology…]( Is a “disruptive threat” to $867 trillion of capital markets according to the World Economic Forum. That’s bigger than the GDP of the United States, China, Japan, and every other country in the world COMBINED for 10 years straight! Billionaires have just invested a record $21.4 billion to get a piece of this financial technology. The “most trusted man in crypto” Teeka Tiwari explains why [here](. And to help you get in front of this coming flood of wealth, Teeka is giving away the name of his top pick to play this fast-growing new trend. [Click here for the free pick.]( -- Midas Touch Axiomatic in a fake-money economy is that real capital is squandered on projects that never produce a profit (an increase to the world’s wealth). This is the story of one of them. Behind it is a remarkable story of a remarkable man with a remarkable career… and a remarkable new plan for separating investors from their money. Yes, we speak of Donald J. Trump, impresario, former president, entertainer, developer… and who knows what else. Mr. Trump (and a few Wall Street whizzes in cahoots with him) [set up a SPAC (special-purpose acquisition company)]( Digital World Acquisition Company (DWAC). The sole aim of this company was to purchase a media company, Trump Media and Technology Group, that they also set up. There is nothing particularly notable about a SPAC. People with name recognition set them up. Other people invest in them. Then, the SPAC is supposed to go out into the real world and buy a real company… thus putting the acquired company on the public stock market – without all the usual IPO rigamarole – and making SPAC investors a lot of money. At least, that’s how investors think it works. [Featured: The Truth Behind the Global Chip Shortage]( In this case, the DWAC stock soared when the deal to purchase Trump Media and Technology Group was announced – leading to a nearly 850% gain for investors in a couple of days. And this is not the first time money has been made and lost by attaching the Trump name to a long-shot deal. Set up by Trump himself, there was Trump Shuttle… and Trump University. And now, others have gotten in on the act, with a Trump crypto… and a Baby Trump crypto… and another token with the same initials as Trump’s new “media and technology” company, TMTG (interestingly named The Midas Touch Gold). Recommended Link [He Called Bitcoin at $240, Now He Says “Buy: M.T.A”]( [image]( Jeff Brown is now calling out one of the biggest announcements of his 30-year career… a new technology set to disrupt the world -- “M.T.A” And the world’s biggest tech companies are racing to dominate “M.T.A.”: - Google has a [global $270 billion project]( leveraging “M.T.A” - Facebook announced they’re [shifting their entire trillion-dollar company to be an “M.T.A” company.]( - Experts report Microsoft is already “uniquely positioned” and acquiring [secret patents]( on “M.T.A.” technology. The point is clear… all the [world’s most valuable companies are in a historic tech race]( to bring “M.T.A.” to the masses. Tech giants have already acquired over [100,000 patents on M.T.A.]( in the last few years… gearing up for the massive rollout we are just starting to see... [Click here for details.]( -- Clear and Present Danger Your editor admits to some first-hand knowledge of the SPAC world. One of the companies with which he is associated recently completed a SPAC deal. In our experience… and by our cynical reckoning of the way the world works… it is unlikely that most SPAC deals will lead to any real-world business success. Businesses are complex. SPAC promoters generally lack the experience or the determination to fully grasp them. What SPAC organizers have is a pot of money from investors… and a keen motivation to spend it. If they buy nothing, they have to return the money. But if they buy something, they get a part of the deal and come out ahead – whether it works for investors, or not. From the investors’ standpoint, this is not a good setup; it is a FantasyLand innovation, encouraging the SPAC organizers to pay too much for businesses they don’t really understand. And in the case of DWAC, there was nothing they could understand. The business didn’t exist. [Featured: (Why America Is Failing) — 1,000+ Pages of Evidence Collected]( Yes, Dear Reader, the odds that the Trump SPAC would lead to a successful business fell dramatically when the SPAC targeted Trump Media and Technology Group (TMTG), another Trump company that is more wishful thinking than reality. It’s hard enough to find a good business at a good price, especially with so many SPACs looking for them. A nonexistent business (one that has no sales, no managers, no patents, no offices, no profits, no coffee machine, no market niche, no brand, etc.) may be easy to propose… but it is much less likely to ever be profitable. Buying a nonexistent business founded by the same people who started up the SPAC in the first place is also a clear and present danger. Typically, at least the seller knows his business. In this case, neither buyer nor seller has any idea how to build a successful social media company. And then, yesterday’s announcement – turning to a political hack with no experience either in technology or media, nor anything other than dairy farming (perhaps) and political chicanery (surely) – dooms the project altogether. Recommended Link [Your money is NOT safe…]( If you print money in your basement… It's called counterfeiting. And you go to jail. When political elites do it, they pretend it benefits us all. But… Look where all that new money ends up: [image]( Printing trillions of dollars hasn’t done a thing to enrich the working class over the last 40 years. In fact, regular Americans earn the same amount today than they did in the 1970’s if you adjust for inflation. And that’s not even the worst part… Because a new plan is now being discussed to alter the very bedrock of our monetary system. It’s a terrifying proposal for a new kind of currency. One that lets elites rig the game even more in their favor… And it could spell disaster for anyone with money saved for retirement. In fact, this new plan is the biggest threat to your wealth since the 16th amendment created the personal income tax... [Click here to find out how you can protect yourself.]( -- Fast Money We might add, too, that “Truth Social,” Trump’s proposed social media platform, invites ridicule as well as losses. We humans only get a faint whiff of truth, rarely, when the wind is blowing in the right direction, and we have just suffered some crushing and humiliating loss. Truth 24/7 is much more than we can handle. And now… adding to the odds against investors… the pros are circling like vultures, ready to pick the carcass clean. Over the weekend, the new Trump group announced that it had struck a deal to raise $1 billion from hedge funds and other large players. The deal gives these insiders the right to buy shares for 40% below the retail price. These are not patient, long-term investors, with faith in the new business or its new CEO. These are the fast-money mavens of FantasyLand, preying on ideologically driven, naive “investors,” who think they can make the world a better place… and make money, too. Apparently, the insiders think the stock is way overpriced. Apparently, too, they expect to make money in the old-fashioned way… buying at wholesale… and selling to the rubes at retail. This is okay with us. It’s fun to watch. And however it goes, we’ll claim it proves our Diary maxim – that “investors don’t get what they want or what they expect; they get what they deserve.” And in this case, as the new project inevitably heads to the finance morgue, they are likely to get a hint of Truth as a bonus. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Hint of truth). --------------------------------------------------------------- FEATURED READS [Jobs Company Glassdoor Predicts Lengthy Tight Labor Markets]( unemployment has hit the lowest point it’s been in 50 years, many employers are having trouble filling positions. That scenario is likely here to stay, according to jobs company Glassdoor… [Bitcoin Is Both a Speculation and Inflation Hedge]( and his Rogue Economics colleague Dan Denning view bitcoin and other cryptocurrencies at speculations. Casey Research analyst Dave Forest agrees… but says they can help protect against inflation, too… MAILBAG Dear Readers respond to Bill’s recent essays on an upcoming winter and a possible incoming collapse (catch up [here]( [here]( [here]( and [here]( I put a wood stove in my house when I had it built five years ago with the capability of heating the whole house. I built a wood shed for drying and stacking for the winter. My house is spray foam insulated with high efficiency windows and doors. I have a 10,000-watt dual-fuel generator (my career was with a public generating utility and retired recently and saw the people coming up behind me) hence the generator purchase. I raise bees for honey, and put 65 blueberry bushes in four years ago with a first-time harvest this past spring of 225 pounds of berries. I also have a 45 horsepower Kubota farm tractor for farming on my 15 acres. Just bought a 72-gun Liberty gun safe on Black Friday for my collection. I'm ready, bring it on… – Mark S. I have a very simple solution for the cold – move someplace warmer. As to food, get a big enough lot to plant some, preferably with an aquaponics system. Nearby place to resettle – Mexico. Lamestream media says it is dangerous. I wonder if they have walked through Portland, Seattle, Chicago, or Baltimore lately? – William C. As far as your “Nightmarish Winter,” you left out the most important part of a “blackout”: the loss of phone service, and the loss of sanity as its result. The loss of life between the suicidal Millennials and the murders committed by the psycho phoneless thugs would be in the hundreds of thousands, if not millions. That day will come soon enough, between the foreign and domestic America haters, it's just a matter of when. Bill, you are one of the smartest men in this once-great nation, and I greatly appreciate the time you take to speak with us daily, with your subtle logic that most understand. Just know it's not time wasted. Thank you! – Steven L. A few dear readers have more thoughts on COVID-19, the status of hospitals, and the vaccine… First of all, hospitals are not overcrowded. We just visited a relative who is in there but not for Covid. There were plenty of empty beds. The truth about Covid has been kept from Americans. The real reason the fear is being kept alive is to be able to have mail-in ballots so the cheating can go on. I am heartened because people that I know that leaned left are finally beginning to realize they are being scammed. – Hipolito C. Brother, it gets more unreal every day! To the reader who said this about doctors: “It's almost like they have a vested interest in pushing the vaccine – and continuing booster shots – with scant regard for individual preferences”… I have a surprise for you: No genuine doctor EVER had regard for individual preferences in the performance of their duties; they have no role whatsoever in medical or any other kind of science. So inculcated with the glories of the Constitution are most Americans these days that they have come to believe that the Constitution trumps the laws of the universe. It doesn't, as all too many people have found out the hard way. – Dave H. Lastly, one reader has praise for Bill and his Diary… It was so good to hear that you are back in Ireland. I trust you had a fulfilling visit with all of your loved ones. I cannot convey how much strength and clarity I get by reading your Diary… I thank you… thank you… thank you. – Bill S. Is the simple solution to a “nightmarish” winter just to move somewhere warmer, as William C. suggests? Is the Covid-19 threat being kept alive so that mail-in ballots can carry out the cheating, as Hipolito C. says? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Hint of truth). IN CASE YOU MISSED IT… [The Truth About Bitcoin [New Bug]]( If you’re a Bitcoin owner sitting on big gains… Or if you still haven’t bought any yet… This may be the most important message you read this year. Because while everyone obsesses over the latest price of Bitcoin… A new bug has emerged behind the scenes in the Bitcoin network and has nothing to do with Bitcoin’s volatility. It runs far deeper and it’s infinitely more dangerous… This new Bitcoin Bug has been discovered by the legendary research firm that predicted cryptocurrency 12 years BEFORE Bitcoin was even created! And now, one of their chief analysts, Dave Forest, has given a full talk on this new bug that could soon stop the growth of Bitcoin dead in its tracks. [Click here to watch the full talk.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Ultimate Guide to Taking Back Your Privacy]( [image]( [How to Earn Free Bitcoin]( [image]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [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. 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