27 Comments

I remember when Hugo Chavez said "we will nationalize the farms and then said we will nationalize the oil industry." Now they can't feed themselves and their oil business is in shambles. There is nothing new under the sun. Solomon said that, and he was correct. Biden is giving directions to our gas stations to lower the price of gas. What is next? Tell the grocery stores to lower food prices? We are not far from tumbling into the second level of the abyss they tell us we almost fell in. There may be no bottom!

When people get hungry, they get mad. Just sayin'

Don Harrell

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Crypto was destined to arise from all things digital that could be scaled up, by the same minds that are bringing us metaverse. Brilliant for the innovators and astute pioneers, not so great for the masses to come after the party is over. Harness the internet, and get rich.. That's what they did.

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The commodities market look under stress platinum could loose 15 % in one week and Australian dollars 10 % by end of June ....

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“If you had bought crypto when we suggested”... huh, did I read that right? I do not recall Bill Bonner ever suggesting anyone should buy crypto. Unless you mean the 1% allocation you said in passing while disparaging crypto hahahaha, but go ahead and take credit. I’m a slightly disappointed, but not enough that I feel your thoughts lose value. I hope you share your thoughts for many many more years!

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I think I like where Bill is heading with his last paragraph. It’s now all about manipulating perceptions, aka “trickery”. Works, until it doesn’t. Tic-tok.

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The supply side of food is in trouble, lag time of fertilizer deliveries, biocides to protect the weak crops, too much rain, not enough rain, extremes more than normal, war blockades, junk food hungry ass people, so much so that your food call is suspect. But hey, I have been learning growing mealybugs is fast, profitable, and nutritious to boot. So you might be inadvertently right.

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Excellent as usual Mr. B. One point:

"… it required as much suspension of disbelief as the New Testament."

Maybe should have picked a better analogy IMO. You go on to mention several specifics regarding the New Testament, but you also leave out the most important, and underpinning, thing --

Faith.

That's what makes the ball roll in this case...

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Hard work, improved productivity, saving, deferred gratification driving real wealth creation, would’ve thought it?

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