Bill Bonner's Diary


What’s America’s No. 1 Export?

Another day of piddly trading, with piddly losses for both stocks and gold. So let’s turn back to our thoughts. First, we looked at money. We saw that the US now operates on a type of money better suited to the Paleolithic Age. A credit-backed money system has never worked in the modern world… and none has ever survived...

Old Man Rothschild Was Right…

When we left you yesterday we were lamenting how the American working classes have lost ground. Today, the typical working stiff has a lower real income than he had in 1950. Wait… Is that possible? Yes. As we showed yesterday, he has to work longer today to pay for a family car and a house than did six decades ago. In...

How America’s Working Stiffs Got Stiffed

Amazing how much difference a few years make. We first visited China in the 1980s. It was an appalling dump. Few cars. Few roads. Almost no decent restaurants or hotels. Now in Beijing you see large black luxury automobiles everywhere… and modern highways crisscrossing in front of huge hotels and apartment buildings.

The Honest President

Dear Diary Reader, Dad is in Beijing at the Chinese launch of his new book on family wealth, Family Fortunes. So instead of his regular diary entry today, here’s another classic for you. It’s about a “forgotten” president who was the last to deal honestly with a financial crisis.

Your Only Advantage in the Markets

Whew! We spent most of last week on airplanes. From Paris to Amsterdam… then to Vancouver… then to Beijing… and finally back to Paris. The best flight was Air Canada from Vancouver to Beijing. The plane was almost empty. We got on… put the seat back… and went to sleep.

Has the Chinese Economy Hit the Great Wall?

The lazy days of summer trading continue. The Dow barely moved yesterday. Gold fell $15 an ounce – to be expected after the recent big move up. We left Vancouver, where we were giving a speech at the Agora Financial Investment Symposium, only a few hours after getting there. On the airplane to Beijing we puzzled about time and place...

I Can’t Get No…

Dear Diary Reader, Dad is on his way to Beijing today on business. So there’ll be no regular Diary today. Here’s one of Dad’s “classics” about the difference between price and value… and about an amazing summer of music nearly 50 years ago.