By Emma Walsh, Managing Editor, Bill Bonner's Diary In ancient times, rulers used religion to keep their subjects under their thumb. Modern-day leaders use science… especially “economic science.” With their Ph.D.s and their printing presses, they believe they can “fix” the U.S. economy. And the free money they so nobly dispense appeases their subjects… and blinds them to the subterfuge. Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary | The Guillotine Is Waiting In the French Revolution of 1789, 17,000 of the elite class were guillotined. But they were simply replaced with a new elite – people who had merely switched their allegiance. The same thing is happening in America today, with Biden’s team set to keep the “system” going as it is. | | | Science Über Alles As the battle against the coronavirus continues, our enlightened leaders claim to be guided not by the U.S. Constitution, but by science. But history – and the world’s graveyards – are littered with examples of the misuse of science. | | | What Milton Friedman Did to Capitalism American economist Milton Friedman believed he had “cracked the code” of inflation. It could be eliminated, he thought, by controlling the money supply. But by leaving this task up to the Federal Reserve, and removing the gold-backing from the U.S. dollar, he has done more harm than good. | | | Fed’s Science Is Bogus The “science” behind the feds’ policies to save the U.S. economy is totally bogus. In their hubris, they believe they have the knowledge, the ability, and the courage to fight the downturn. But all they have is a printing press and an unending supply of fake money. | | | If It’s Bread and Circuses the People Want… Voters have become so accustomed to the feds’ meddling in the economy, they’ve come to expect – and even rely on – their handouts. And the feds are more than happy to fire up the printing press and oblige… | | | Here’s How You Can Fund Your Retirement for Less If you’re planning for your retirement, this weekend’s guest essay is a must-read. Our colleague David Forest from Casey Research has found a safer way to invest … without compromising upside. And It’s even cheaper than buying stocks… but with much higher potential gains. | | Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com. Recommended Links | Why bother? Do you see this pile of cash? That's how much it would cost you to buy one share each of Apple, Amazon, Google, and Tesla. Why bother? When you could profit off the growth of those same companies – and the tech bull market overall… For just $3. Click here for the full story. | | We are facing an unprecedented challenge A pandemic has struck the world. Governments reacted by shutting down the economy. A vaccine may be in sight in 2021. But now stocks face a new threat. Huge debts… civil unrest… looming corporate bond defaults… a great monetary reset. Fortunately, Bill Bonner, Dan Denning, and Tom Dyson have been tracking these trends for more than 20 years. What they see next for America may shock you. Click here for details. | Get Instant Access Click to read these free reports and automatically sign up for daily research. |
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