Sears is running out of time and money. It had $1.8 billion in the till a year ago. Now it has only $238 million. And $3 billion in debt.
The Bonner Diaries
Find out why Bill Bonner’s daily missives are reknown throughout the world for their irreverence, insight and wit.
Join your globe trotting editor as he punctures economic fallacy, overbearing windbags and political grandstanding as easily as he finds common cause with the lost, the misunderstood and the downtrodden.
You won’t find a take on economics, modern life and ideas quite like the Bonner Diaries.
The strain of trying to figure out what Donald J Trump will mean to the US economy and its markets has worn us out. So today, we have some bits and pieces…
The Deep State wants you to use money it can easily control, tax, and confiscate. And paper currency is getting in its way…
Donald J Trump in the White House…and now sits in a monstrous tower of some $64 trillion in debt, ready to blow up.
Think you’re going to change this system by voting for Hillary or Trump, Democrat or Republican? Maybe, but there’s no evidence of it in the CFR.
Will Donald Trump perform his first miracle, multiplying the loaves and fishes? Or is that ‘bond rout’ telling us something important? That the creditors won’t sit still for it?
The coming disaster is financial…and economic. The authorities are determined to win a war: a war against markets.
Ultimately, the question is not whether there will be a disaster during Mr Trump’s time in the White House. It’s what kind of a disaster it will be.
It is almost as though they never intended to win. They know that the longer the war goes on, the more money flows into the swamp…and stays there.
The entire world has a debt problem — with $223 trillion in debt, about three times global GDP. The US has a big piece of that — $63 trillion of the debt.
Fidel Castro was regarded as a revolutionary and a ‘change agent’. But he is better understood as a throwback, more of a counter-revolutionary than a real revolutionary.
Markets have been calm over the Thanksgiving holiday. Americans — distracted by friends and family — had better things to do than panic.
In a country where roots meant almost nothing…Thanksgiving served to provide a unified, national myth…
The middle class got lower wages and more debt. The system is rigged in favour of the Establishment that runs it. Voters couldn’t sort out exactly how…
By our estimate, we have about $35 trillion in excess debt. It’s a ‘debt bomb’ that will probably blow up in Mr Trump’s face.