| By Bill Bonner Wednesday, January 13, 2021 Some things are possible. Some are impossible. And some are just stupid. – Bill Bonner WEST RIVER, MARYLAND – Somewhere in this once-great nation, a real revolutionary – young, angry, determined, and smart – practices before the mirror… searching for the right pose… looking for the right words… …to express the outrage of those left behind, forgotten, dissed, and used by a corrupt elite. And sometime in the future, his hour come ’round at last, this Lenin will slouch towards Washington… But the feds… the elite… the Deep State… will be ready for him. They’ll just shut down his Facebook account! More Stimulus Today, we look at how distant dots connect. MarketWatch signals that more stimulus is coming… Already spent your $600 stimulus check? Another one may soon be on its way The amazing thing about this “relief” program is that it already surpasses the actual damage caused in the U.S. by the coronavirus lockdowns – by as much as 10 times! The loss of GDP caused by the COVID-19 shutdowns and associated recession is said to be about 3%… or less than $600 billion. The stimulus used by the feds to offset the losses, however, has already toted to some $2 trillion for the CARES Act… and about $3 trillion in additional Federal Reserve money-printing. (There is considerable overlap in those numbers… and it’s hard to pin down the exact cost. Director of the National Economic Council Larry Kudlow said the total was $6 trillion.) So, you have to ask yourself… how is this possible? | Recommended Link | Get Into the Top IPOs of 2021 – BEFORE IPO DAY? For a century, Wall Street has locked YOU out of ultra-lucrative pre-IPO deals. Tonight at 8 p.m., everything changes. Jeff Brown is going to reveal a new way for you to… invest in the top IPOs of 2021 – BEFORE IPO day. | | | | Something for Nothing A woman goes to the hospital to have her appendix removed. The surgeon takes out her appendix. But then, in the spirit of generosity, he takes out her gallbladder, her left lung, and a kidney, too. You take your daughter to the pet store to buy a puppy. You come home with a puppy, a kitten, a hamster, and a boa constrictor. And now… thanks to the new Democrat leadership in Congress… they’re going to give you a pet jackass, too. Says Joe Biden: The debate over $2,000 isn’t some abstract debate in Washington. It’s about real lives, your lives. If you’re like millions of Americans all across this country, you need the money, you need the help, and you need it now. [Featured: Stock Options are DEAD! "Penny Trades" have WON…] Never Better Remarkably, for a Plague Year, most American households and businesses don’t need the money more than ever before. Average family finances were never better. Americans made about $1 trillion more in 2020 than in the year before. People without jobs got state unemployment… and then a supplement from the federal government. Many ended up with more money than they made when they were on the job. Some got twice as much. Those still collecting paychecks did well, too. Gone was the cost of commuting to work, including gas and parking fees. No more lunches at the diner. No more going out to restaurants, either. Or to the movies. Or on vacation. The cost of living, generally, went down… while income remained steady. | Recommended Link | Man Who Picked Apple, Bitcoin Makes Next "Pick of the Decade" Picking the right "investment of the decade" can transform your life… Microsoft in the '80s… Amazon in the '90s… Apple in the 2000s… Bitcoin 2016. Any one of these could have made you a millionaire many times over. Starting with very little. Today, the Wall Street legend who picked the last two "investments of the decade"… months (even years) before his peers… will finally reveal his new #1 pick for the 2020s. It's not 5G, artificial intelligence, or the internet of things. The answer will surprise you. And, for those who take early action, it could lead to an eventual $1.6 million payout. | | | | Pernicious Rot To add to the financial comfort of America’s households, the Fed continued to push down interest rates. Overall, the typical family may have saved as much as $2,000 during the year… thanks to the lower borrowing costs. Mortgage interest rates, for example, fell a full 100 basis points, from 3.5% in January 2020 to barely 2.5% today. On a $200,000 mortgage, that’s a saving of about $108 per month. And recently, some companies advertised 30-year mortgages at only 2.3%. And here, the pernicious rot sets in. The person who could previously only afford a $300,000 house is now shopping for bigger digs. And the builders are cranked up to provide it. They use up real resources – labor… copper… fuel… wood… and don’t forget the marble countertops! – building houses for people who can’t really afford them. And then, when interest rates rise… what will happen? At “normal” rates, the fellow could only afford half of the house. If rates go much higher, he won’t even be able to afford the basement. Who will take the loss? The homeowner? The mortgage finance company? Nobody? [Featured: This one stock could be a game changer for you] Why Stop There? Once an economy depends on printing-press money, it is doomed. Like gangrene, the counterfeit money rots one sector after another. Yes, it could be stopped. But who wants to cut off his own hand? And today, all across the country, nostrils flare at the faint odor of another $2,000 in federal giveaways headed their way. Only a few years ago, they would have thought it impossible. Where would the money come from? Why would the feds give it away? Aren’t they already running a deficit? The CollaborativeHouse.com explains: …people love money. And once a new kind of stimulus money is tasted it becomes a permanent feature of how every subsequent downturn is handled. In 1930, Treasury Secretary Andrew Mellon said, “Liquidate labor, liquidate stocks, liquidate real estate. Purge the rottenness out of the system.” In 2020, Treasury Secretary Steve Mnuchin said, “We have a lot of money. We need to get that money in Americans’ hands.” And if the feds have so much money… why stop there? Why should we pay rents and mortgages? Surely the feds can make them go away? Why do we pay for college tuition? Why do we pay medical costs? Why do we have to work? Why don’t the feds give us a permanent stimulus… a Universal Basic Income (UBI)? | Recommended Link | | We are facing an unprecedented challenge A pandemic has struck the world. Governments reacted by shutting down the economy. It’s 2021 and a vaccine is here. 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. | | | -- | Nothing Is Impossible History will show that it was not just the gates of the Capitol that were breached in 2021. More important, the gates in front of the “impossible” were thrown open. Now, people take for granted what they used to take for absurd. Why should we honor the Constitution? It was written more than two centuries ago. And why should we protect private property? Is it fair that some have so much and others so little? And how come one man gets a pretty, young wife, while others suffer with old crones? Now, a better world is possible… finally correcting the injustices, unfairnesses, and bad luck of the past. And from now on, we will all speak Swedish and wear our underwear on the outside so our rulers can see that it is clean. Once the vanguard has stormed into impossibility, a real revolution cannot be far behind. Regards, Bill
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MAILBAG Backlash for Bill today after his commentary on the events at the U.S. Capitol building last week… Wow, your commentary states that nothing very important happened with the Capitol insurrection. How many deaths does it take to impress you? Try your “nothing” statement to the families that had a relative killed. Shame on you. – Herbert B. Although you scoff at “domestic terrorists,” the term is correct. This seditious act was no joke. Five people died. The mob brought pipe bombs and Molotov cocktails. They erected gallows with a noose and yelled, “Hang Mike Pence!” and “Where’s Pelosi?” The representatives who didn’t get out of the House chamber in time were afraid that they would die. No, sir, this was no joke. And radical right-wing nuts are going to continue attacking people and buildings. And why? Because Trump keeps repeating the big lie of the election being stolen from him because of massive fraud. And why can’t his lawyers prove it? Because there was no massive fraud!! May God help America. – Bob L. Meanwhile, others see things differently, following Friday’s Diary, “Fake Revolutionaries”… This is one of the best articles I have ever read. You put the events of Wednesday in their proper place, something the MSM [mainstream media] seems unable or unwilling to do. And, as usual, you do it with style and vicious humor. Thanks so much. – Otis G. Bill, I loved the “Fake Revolutionaries” edition of your Diary. Absolutely spot on! Calling this protest a coup is downright risible. Last year, we saw the definition of science hijacked; this year’s victim is coup. Easy to do when our broken education system continually dumbs down successive generations. I absolutely love your writing style; it brings a daily smile to this curmudgeon luddite. Please keep on writing! – Craig W. And finally, others share their thoughts on Bill’s missive, “Beginning of the End for the U.S. Empire?”… Great article. When I read that article, I felt like I was hearing the truth. Not just another mouthpiece for conservative or liberal views. Though I’m a conservative, both left and right have some very serious issues to deal with. – Dave M. Bill, playing a blame game only distracts the process from positive actions and productive trajectories. The globalized bond market is “The Tiger” to watch, analyze, and act upon. Your insightful comments are basically tremendous and valued most certainly. Fracturing the Republicans will likely result in a reorganized political story for the history books. Keep your experienced crystal ball gems shining. – Paul A. Did the mainstream media get last week’s events at the U.S. Capitol wrong? Is the U.S. education system dumbing down successive generations, as Craig believes? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Hidden Time Bomb in Your Brokerage Account? If you have a brokerage account… You might want to check it now… There’s a massive problem hitting investors everywhere. It’s called “Tech Lag.” And it could be holding back your profits. Click here to find out why you could be making as much as 55 TIMES LESS – on the same tech stocks… 
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