Bill Bonner's Diary


Why Money Printing Makes You Poorer

We can barely catch our breath. We can't stop laughing. Last week, Japan announced that it would undertake a bold and radical experiment. After 23 years of on-again, off-again deflation, the new government decided it had had enough of things getting cheaper. The Bank of Japan will now obediently monetize debt until inflation reaches 2%. This, the country's central...

The Battle to Stop the Credit Cycle

We spent last week in France. Normandy, to be precise. We observed a flow of Americans heading toward the north coast. It was the 70th anniversary of the D-Day landings. Nobody wanted to be left out – especially the veterans, for whom this would be the last remembrance. Among them was 89-year-old Bernard Jordan. He had risked German artillery...

Why I’m Delighted to See Gold Smacked Down

We are delighted to see gold getting smacked down. From the International Business Times: Gold prices posted their biggest two-session drop in 30 years Monday as retail investors and large institutional speculators capitulated to a six-month downdraft that accelerated in the last week into bear market territory. The violence of Monday's plunge reinforced the view that the 12-year bull...

Obama’s West Point Disaster

Have you seen the latest shoving match in the South China Sea? As you likely know, China recently parked a brand new deepwater drilling rig within the "Exclusive Economic Zone" claimed by Vietnam. Among other things, we've seen accounts of water cannon fights, and ship ramming incidents between Chinese and Vietnamese vessels; but no gunfire. Then news came that...

It’s a Mad, Mad World… and Getting Madder

First, we want to invite you to attend a very special financial conference in Vancouver this summer. It's hosted by our old friend Rick Rule. What we like about Rick is that he focuses on companies that produce real resources. There are times to invest in natural resources... and times to stay away. Rick believes the time to invest...

This Will Set Off a Trigger Warning…

According to the Wall Street Journal, the latest buffoonery college students pay for are “trigger warnings.” The idea is that some books may contain passages or words that are offensive to some readers. Who determines what is offensive to whom has not been clarified. But apparently, even a popular and well-known novel, such as Huckleberry Finn, may have words...

This Should Make Every American Angry…

The Dow fell 21 points yesterday. Gold was flat. Around the world, stocks have been doing well. Even our top recommendation, beaten-down Russian stocks, are moving up fast. The Russian market rose 14% in May (leaving it still down about 9% for the year). Why? Maybe world debt levels hitting mega highs has something to do with it. Over...