BALTIMORE, MARYLAND – Sometimes we feel like pioneers…
Like we’ve left Pennsylvania. And now we’re in a covered wagon heading west towards the frontier… to a new life… to new lands… to build a homestead… and raise animals…
It won’t be easy. Hungry wolves and bears roam at night. We’ll meet hostile natives along the way. There are dangerous mountains and rivers to cross…
How will we survive? We don’t know. But we’re not going back to Pennsylvania…
Greetings From Baltimore!
We made good progress today…
When I last wrote to you, we were in Jacksonville, Florida. We drove all night through – Brunswick, GA… Savannah, GA… Florence, SC… Richmond, VA… Washington, D.C… and I write to you now from Baltimore, MD.
The kids slept on the backseat. Kate slept beside me. I listened to classic rock on the radio. Hours and hours to think… about life… about marriage… about work… about mental health… about America…
An online friend wrote to us:
“I was just talking to a television executive who is interested in traveling families and I mentioned your amazing journey. But I just noticed you are at the end of your travels…”
“We’re not sure what we’re going to do next,” I wrote. “But we’re going to keep traveling. The difference is, we’re going to work. I’ll do my job. Kate will educate the children in a more formal way. I think we’ll be what they call ‘digital nomads.’
“We’re happiest when we’re on the road, dragging our little suitcase behind us from place to place, without any possessions or bills to pay. The lifestyle seems to suit us.
“Anyway, put us in contact with the television executive if you want…”
Get Ready: Weak Dollar Ahead
Yesterday, President Trump called for negative interest rates during a speech in Davos.
“Love it,” he said, talking about negative interest rates. And if you’ve been reading these postcards, you may understand why…
The U.S. government CANNOT meet its obligations. And the ONLY way out is for them to devalue the American dollar and then meet their obligations with a watered-down currency.
Negative interest rates are just one way to do that. (Dan Denning explained this in more detail in the January issue of The Bonner-Denning Letter, out yesterday. You can read it here if you’re a Bonner-Denning Letter subscriber.)
Bill Bonner, Dan, and I know it. Trump knows it. The people who manage the world’s financial system know it.
Here, Trump is explaining this in plain English.
I urge you to pay attention. If you own stock and bond ETFs and mutual funds, and you don’t want your investments to be watered down, you must dump them and convert the proceeds to gold.
The dollar’s devaluation began last year after the repo crisis. When investors realize it, stock and bond holders are going to be made into victims.
Take your seat in the life raft now. Buy gold and silver.
– Tom Dyson
P.S. A disease is spreading in China and beyond. The epicenter is in Wuhan. We passed through Wuhan two months ago. When we were in China, I had a feeling we were taking advantage of our last chance to visit China before the doors closed. I didn’t know then what might cause China’s doors to close. I still don’t. But perhaps it’s this infection?