Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America's most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed and internationally recognized. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance.
Readers will scarcely have given any thought to the fact that they have never lived in the system of government argued for by Madison, Jay, and Hamilton in the Federalist Papers.
"It may come as a shock ..." wrote John Flynn, "to be told that[you] have never experienced that kind of society ...read more
When it comes to bad stuff the sky’s the limit. It’s gonna happen, eventually…one way or another. And it could be real bad.
And when bad stuff happens, you’re better off being somewhere else.
Where?
Generally, bad stuff seems to happen most often in cities. Why is that? Cities are where most people ...read more
The economy is either growing slowly, or contracting.
Housing is probably going down. Remember, Mr. Market has to destroy the idea that “housing always goes up.” When he’s finished people will think that “housing never goes up.”
Unemployment? People are gradually beginning to realize that the last ten years were the worst ...read more
A disturbing bit of news emerged on the 29th of September. Meg Whitman’s campaign for governor of California was body-checked by a damaging news report just weeks before the election. It was alleged that she had someone in her employ who had not fully complied with all the laws of ...read more
Bad day for stocks, Monday. A bad day. Not a terrible day. Not a crash day. Just a bad day.
The Dow fell 140 points. This was baaaad...because it shows that the stock market does not really buy Bernanke’s storyline.
You’ll recall that when we left off last week, Ben Bernanke assured ...read more
“Masked youths...attacked the head of Greece’s largest trade union, who was addressing the crowd, and hurled stones at the police. GSEE union boss Yiannis Panagopoulos traded blows with the rioters before being whisked away, bloodied and with torn clothes.”
The Daily Mail account put the blame for these disturbances on Germany’s ...read more
Now... about that ‘recovery’...
It’s true that there are some signs of “stabilization.” The unemployment rate is not getting badder as fast as it was a few months ago. And house prices seem to have stopped falling - for the moment.
It’s also true that the economy managed to register positive ‘growth’ ...read more
Oh, where to begin, dear reader? We have something important on our mind...
Where is the real bubble? Is it a bubble in commodities? Or a bubble in the people who buy them?
By the charts ye shall know them — bubbles, that is. The lines roll along nicely, calmly, along ...read more
Earthlings are all convinced that a financial crisis of cosmic proportions befell the planet last fall. Had the authorities failed to act with determination and speed, it would have been the end of the world. In the popular mind the politicians have saved capitalism from its own excesses.
Our views are ...read more
"He who goes a-borrowing, goes a-sorrowing."
The quote comes from Ben Franklin. But it was recalled to us neither by America's president, nor Britain's Prime Minister. Instead, the Telegraph in London reported it from the mouth of Cheng Siwei, a "top member of the Communist hierarchy."
What goes around comes around. The ...read more
