Bill Bonner's Diary

Of all the ills that plague world history, there's one that the new guardians of America's morality says is worse than them all...

The feds spent trillions of dollars they didn't have last year. And the Biden administration continues to spend trillions of dollars the feds still don't have... all in an effort, they say, to mitigate the effects of the COVID-19 shutdowns. But really, all they did was orchestrate the perfect conditions for inflation...

In an excerpt from the latest issue of The Bonner-Denning Letter, Bill discusses the difference between market-led “cyclical” inflation and the “structural” inflation created by the feds’ loose monetary policy…

With limited social and economics freedoms due to the U.S. government's COVID-19 response, Americans are looking to get out of dodge. And the trouble is only going to continue. The best way to prepare is to settle in what Bill calls a "bolthole"...

The U.S. federal government's loose monetary policies and excessive economic intervention during the COVID-19 pandemic have caused consumer prices to rise while supply is falling. This is consumer price inflation... and it doesn't look good for bond holders...

Having money that comes directly from the Federal Reserve, rather than citizens' taxes, gives the feds more power over the U.S. dollar and the monetary system. And with that Fed money comes an experiment of national importance...

The U.S.' economic issues stem from the end of the gold standard in 1971. Since then, new money has undermined the nation's economy and political institutions. So who's to blame?