The health care system is supposed to be run by private enterprise. It’s supposed to be free and dynamic, responding to market pressures and adapting to consumer demand. Our colleague, Porter Stansberry, says it has been corrupted. As you can see for yourself, it is degenerate…and zombified.
December 22nd, 2011 | Bill Bonner | 1 comment | ContinuedArchive for Bill Bonner
Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
Let the Economic Depression Burn Itself Out
The nice thing about an economic depression is that it cures a depression. Stocks collapse. Businesses go broke. Speculators jump from tall buildings. Wages fall. Prices drop. Interest rates sink. And then, with the cost of assets, labor and credit at rock-bottom levels, the scrap dealers, recyclers and entrepreneurs get to work.
December 22nd, 2011 | Bill Bonner | 2 comments | Continued
How The Defense Authorisation Bill Proves “Power Corrupts”
The latest Defense Authorization Bill just passed by Congress shows how far the law-makers and law-enforcers will go. The feds can capture you, put you in prison and waterboard you every day for the rest of your life. They don’t have to charge you with murder or jay-walking or any crime at all.
December 21st, 2011 | Bill Bonner | 8 comments | Continued
Meet The American CEOs Who Stand on Top of the Zombie Pile
Let’s look at what all the collective, depression-preventing action is accomplishing. In a word or two, it is protecting the insiders, like some of America’s top CEOs, at the expense of the outsiders. That is, it is doing what government always does. But it is doing it in a particularly galling way. Here’s the latest on what the insiders are up to…
December 20th, 2011 | Bill Bonner | 2 comments | Continued
Have Yourself a Merry Economic Depression
What’s this? Christine Lagarde, IMF chief, said last week that the world’s nations needed to work together to avoid a 1930s-style depression.
But seeing the way they work together…and where they seem to be headed…we’d prefer an economic depression.
December 20th, 2011 | Bill Bonner | 0 comments | Continued
FATCA, Defense Bills and Our Dwindling Freedom
“Poor America…” writes a French friend. “It’s not the land of the free anymore. Now, it’s the land of slaves.”
The FATCA law (Foreign Account Tax Compliance Act) will force banks across the globe to collaborate with the IRS. Here’s an explanation of the huge repercussions this legal precedent will have on banks and banking clients…
December 20th, 2011 | Bill Bonner | 6 comments | Continued
Why the US President Should Be a Man for All Seasons
The Daily Reckoning has no voice in the US presidential elections. But we will nevertheless declare a preference for US President.
December 19th, 2011 | Bill Bonner | 1 comment | Continued
Gold Are You In Or Out?
Hey…what’s going on with gold? The dollar up, gold down. When we checked yesterday the price was crashing through the $1,550 level.
December 16th, 2011 | Bill Bonner | 3 comments | Continued
The Social Contract Theory of Government
More on our new theory of government…
The “social contract” theory of government is a fraud. You can’t have a contract unless you have two willing and able parties. They must come together in a meeting of the minds — a real agreement about what they are going to do together.
December 15th, 2011 | Bill Bonner | 2 comments | Continued
Unpopular Cures for an Economic Depression
Trying to fix an economic depression is expensive…. The US government spends $1.60 for every $1 it receives in taxes. This is a recipe for a disaster, not for a recovery.
December 15th, 2011 | Bill Bonner | 1 comment | Continued
Unpopular Cures for the Unemployed
In 2007, just 10% of the unemployed had been jobless for 6 months or more. Today, the total is 40%. And with so little growth in the job market, many of these unemployed people will never work again.
December 15th, 2011 | Bill Bonner | 0 comments | Continued
Does a Good Government Mind its Own Business?
Government ought to mind its own business, the libertarians say. It ought to sort out disagreements between members of the public…and protect the public from wrongdoing. It ought to have not to drain the resources and productive output of one part of the population for the benefit of another. But so what? Who cares what the libertarians want?
December 14th, 2011 | Bill Bonner | 3 comments | Continued
Will This Great Correction Bring a Darkness Without a Dawn?
So far, the Great Correction has followed the usual script. Bond yields have fallen. Price inflation has generally come down. But demand for credit — as evidenced by $10 trillion government financing costs — is running hot. This is no typical downturn. And it wouldn’t be too surprising if all this demand for credit pushed up bond yields.
December 14th, 2011 | Bill Bonner | 1 comment | Continued
Is the US Military Spending its Way to Self Destruction?
The Pentagon continues to carry out Osama bin Laden’s plan to hobble America. Remember, he outlined his strategy on video. He said he would sucker the US into very expensive, unwinnable wars. He wouldn’t defeat the US military. Instead, he would allow it to spend itself to self-destruction. The strategy is working.
December 13th, 2011 | Bill Bonner | 0 comments | Continued
Changing Views on the World of Economic Growth and Recovery
What’s new in the world of economic growth and recovery?
When we signed off last week, the Germans and the French were trying to hold Europe together. This morning, they are still trying.
December 13th, 2011 | Bill Bonner | 1 comment | Continued
