Bill Bonner

Climate change at last!

The only honest role for government is to protect people from danger. But it quickly becomes a protection racket. The more fearful people become the more they are willing to pay for protection.

Capitol Farce

While Washington pulls another fiscal all-nighter, the Primary Trend marches on. Bill Bonner explains why the farce on Capitol Hill isn’t just political noise—it’s a signal for what’s coming next in debt, inflation, and global markets.

Tomorrow's News

America’s ‘national’ debt rose from less than $6 trillion in 2000 to over $37 trillion now. The US trade deficit rose to $1.1 trillion over the last 12 months — 10 times more than it was 2000.

If the ship is sinking, it doesn’t matter who is the captain

In today’s issue: DOGE dodges the real issues Trump offers a new colour of the carpet, not new policy The ship is sinking and politicians…

It took inflation at 3,700% to stop the bloodsuckers on the Pampas

The leech doesn’t stop sucking just because the host joins a health club; it only stops when it has to stop... after the host dies. That’s when you get a New Era.

Musk and Ramaswamy will be swinging from the trees in the DC swamp

Watch how the nearly immovable, blockish ballast in Trump’s Big Spending brain collides with the almost-unstoppable energy of the expense cutting dynamic duo.

Only a crisis can save us now

In France, the voters turned against Macron. In Germany, they turned against the centrist Social Democrats. In the UK, both centre parties are in trouble.

The biggest turnaround story since the Soviet Union disbanded

Some investors see in Argentina the kind of boom that took place in Eastern Europe after it was freed from the Soviet Union in 1991... or China in 1979.

God, climate change and the deficit on Thanksgiving

We had spent the day before Thanksgiving splitting firewood. All day, we loaded the logs — oak, locust, cherry, and poplar — onto the splitter. Once split, the fire logs were stacked in the barn.

Ten years of wars and inflation

On Friday 22 November, US debt hit a new record – $36 trillion. There was also this little news item last week – Reuters: “Putin says Ukraine war is going global”.

Mr. Trump is an unlikely Moses, let alone Milei

The best case is a boom. Like the one set off by Ronald Reagan in 1980. But if there’s a best case, there’s also a worst case. Today, we begin looking for it.

When Trump’s Golden Age will get badly tarnished

Nobody knows the future. We bet on the patterns of history — in politics and markets. Those patterns suggest that The Donald will face long odds.

The Primary Political Trend

Big Government was triumphant. And Big Government means big spending, big budgets, big deficits, big debt... and knucklehead, big-shot delusions.

What the BRICS are really up to

The BRICS sound like the original United States – a confederation of independent, sovereign states, rather than the more modern version of the centralised US.

How the fiscal time bomb explodes

People are beginning to get gold fever. One young man had quit his job, loaded up on junior mining shares... and was off for a year of travel. Word is out.

Charm City has gone to the dogs, literally

Real estate prices never go down? By our estimates, Baltimore property prices have been in decline for nearly 100 years. And it’s only getting worse…

Are we in debtor’s prison already?

In today’s issue: A cockamamie answer to the debt problem Credit money made debtors dishonest Losses don’t vanish; they just get moved around As if…

The Fed can juice the stock market, but they can’t control the value of the dollar

So far this year, the S&P500 is up 18%. But gold is up even more — almost 20%. Since 2021, the S&P500 has gained about 20%... while gold is up more than 30%.

The problems are bipartisan

The candidates are like two drunken bus drivers, each racing to the same washed-out bridge. One may do a little better job of staying in his lane, but...

Gold knows what time it is

The real economy has developed something of an immunity to the stimulative effects of cheap money. Only stocks still move on a monetary pulse.