| By Bill Bonner Friday, October 16, 2020 – Week 31 of the Quarantine We like stimulus, we want stimulus. We think we should have stimulus. – Donald Trump SAN MARTIN, ARGENTINA – As anticipated, the "recovery" is petering out. Here's CNN: Americans filed another 898,000 first-time jobless claims last week on a seasonally-adjusted basis, according to the Department of Labor. That's more than economists had expected and up 53,000 from the prior week. Weekly claims have fallen a long way since peaking at 6.9 million in late March. But the improvements have slowed to a snail's pace in recent weeks – and went into reverse last week. That means it could take a long time to get back to the pre-pandemic level of around 200,000 claims per week. And here's The New York Times: 8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted and poverty has returned to levels higher than before the coronavirus crisis, two new studies have found. The number of poor people has grown by eight million since May, according to researchers at Columbia University, after falling by four million at the pandemic's start as a result of a $2 trillion emergency package known as the Cares Act. | Recommended Link | WARNING Take just 60 seconds to review the first minute of this video… Radical changes are unfolding in the economy – right now – that could have a dire impact on your future. This video could change your life. But due to the nature of this material, you may not get another chance at this. No one in the mainstream media is covering it. 60 seconds is all you'll need to see if this is right for you. Click here to get the full story now. You may get only one shot at this, please do so now. | | | -- | Magic Elixir And from colleague Dan Denning come further details… Back-row America is getting kicked in the teeth… Check out the stats below from the Social Security Administration on wage earners. 32% of wage earners make less than $20k/year 44% make less than $30k 56% make less than $40k 66% make less than $50k Do You Know About "Tech Royalty" Investing? The median wage for 2019, says Dan, was only $34,248. And yet, these people – who can barely support themselves… and who have lost jobs and income in the COVID-19 lockdowns – are also expected to support 76 million retiring baby boomers. How's that going to work? Maybe more of the magic elixir – free money – is needed. Donald Trump certainly thinks so. On Fox Business yesterday: President Trump called Thursday for even more stimulus spending than the $1.8 trillion proposed by Treasury Secretary Steven Mnuchin in his talks with House Speaker Nancy Pelosi (D-Calif.). "I would take more. I would go higher," Trump said in an interview on Fox Business Network, repeating his directive from earlier in the week to "Go big or go home!!!" Trump said he's communicated his views to Mnuchin. "I've told him. So far he hasn't come home with the bacon." Trump's latest comments illustrate the fluid and disorganized state of affairs in the stimulus talks at a time when the economic recovery appears to be stalling. | Recommended Link | TECH STOCKS NOT FOR YOU? At Rogue Economics, we believe most tech stocks are overpriced… However, this Wednesday, October 21, Silicon Valley insider Jeff Brown is going to pull a stunt you simply have to see… In short, Jeff is going to reveal what he would do if he had to start over… And he's going to show you the exact steps he would take to build a million-dollar tech portfolio… from scratch… in today's market… starting with just $1,000… Skeptical? To show you the proof, Jeff is going to reveal everything on camera. He'll even give you the name of his No. 1 opportunity for free. | | | -- | Everything's Fake But the "recovery" is not stalling. It's fake. And so is the stimulus that is supposed to help it. And the fakeness of it, like so many other things, is hidden by a mountain of phony numbers, fraudulent statistics, and fake money. So far, it looks like the COVID-19 lockdowns have taken about 4.3% out of nominal GDP, according to the International Monetary Fund (IMF). Last year's GDP was $21.4 trillion. This year, U.S. GDP will clock in at around $20.5 trillion. But… and this is a big BUT… that's after the feds pumped in beaucoup money. For the sake of round numbers, we'll say the total input, in extra federal spending – including the Paycheck Protection Program, $1,200 checks, and unemployment boosters – was between $3 and $4 trillion. But… and this is an even bigger BUT… that printing-press money is not the same as real GDP. You can't really replace honest output – goods and services that people are willing to pay for – with pieces of paper or electronic notations. And yet, this printing-press money is included in the GDP figures, as if it were real. Take it away, and the real GDP falls. How much? Hard to say, maybe by $3 trillion… maybe less… maybe more. The flimflam is further disguised by "average" numbers. As we pointed out yesterday, if a single billionaire's wealth goes up by 10%, 99 million people could get poorer… but the average would still be positive. The whole slimy edifice is fraudulent. Fake money. Fake GDP. Fake stimulus. Fake growth. Fake opinions. And fake numbers. The One Big Threat You Face on November 3rd. Chaos and Confusion The feds are already $27 trillion in the hole… with a deficit this year that would embarrass even sh*thole countries. And yet, both Trump and the Democrats are planning on making it worse. How? With more fake, printing-press money, of course. But all the phony money does is distort, mislead, and cheat. Like all counterfeit money, it can make some people richer… but only by making others poorer. Ninety percent of the nation's financial assets are held by 10% of the people. Want to make them richer? Just give more counterfeit money to Wall Street. But the general effect is to cause chaos, confusion, and envy. That's why one of the techniques of modern warfare is to counterfeit an enemy's currency… hoping to wreck his economy. | Recommended Link | This Tiny Piece of Tech Could Destroy China's Entire Economy… The U.S. military, Google, Amazon, and Apple… have all joined forces to develop the most advanced "weapon" in history. And it's aimed straight at China. This modern-day "Manhattan Project" is worth a potential $15 trillion… And one small company's tech makes the whole thing go. | | | -- | Complex Web But while you can make some people richer, there's no case in history where "stimulus" has made most people richer. Most people rely on the economy for their income – not the stock market. And an economy is a complex web of give and take. Favor the savers and you punish the borrowers. Favor the exporters and you pinch the importers. Privilege the rich and you give the poor a kick in the teeth. Or, if you try to stimulate the whole economy – by dumping money from helicopters – all you do is raise prices and cause misery and pandemonium for everyone. So… What's the alternative? What choice do Trump or Biden have? What choice do voters have? Stay tuned for a look at the upcoming election and what it really means… Regards, Bill P.S. Last year, I published what will most likely be my last book. I also think it is my most important book. History book, psychology book, investment book, business book, self-help book …a novel of the future – it's a little of all of those things. Many of the things I've written about in the last 40 years are now coming true – with astonishing speed. I think this book will help you make sense of what's really happening in 2020 (and beyond). Go here to find out how you can get a limited edition hardback copy as part of this special offer.
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FEATURED READS Bill Bonner's Final Book
Diary readers know Bill has a better handle on the major shifts happening in our world than almost anyone. Many of the things he has written about in the last 40 years are now coming true – with astonishing speed. And now, you can read more of Bill's thoughts in his final book, Win-Win or Lose. If you want to snag a free copy for yourself, click here… The U.S. Will Soon Have a Digital Dollar
In 2018, Bonner-Denning Letter coauthor Dan Denning began warning readers of the U.S.' War on Cash, which included the introduction of digital "cash." Today, colleague Chris Lowe says a digital dollar is in the works. Here's what you need to know… MAILBAG Dear readers are still enthralled by Bill's latest adventure in the Calchaquí Valley… What a great story! Thank you for sharing that… and all the other tales of the Calchaquí Valley. Fascinating! By the way… it adds a whole new dimension to the taste of your most excellent wine… knowing something about the actual people and goings-on around the growing grapes. The stories (and the wine!) are a welcome break from the endless foolishness going about the world these days, though I always love your thoughts on that as well! A package deal, as it were. All good! Sure appreciate the time you take to write the Diary… It's the one and perhaps only thing I actually look forward to reading every day. Stay safe and healthy down there. Best to you and your family. – Henry P. Bill, I don't know how you do it. Ride all day long and still find time to write about it. Hell, if I just go out half a day and come home, I'm lucky to have caught up with my emails by bedtime (although bedtime sometimes does come early). To think that you've been quarantined (stranded?) in Argentina as you have and not only survived, but had the bearings to write as you have, is really inspirational. It makes me ashamed that I haven't done more with what I have. Keep it up. – Jacob S. Have you been stranded in another county because of coronavirus, as Bill has? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… WARNING: New Rule to Impact 1,200 Banks in America Please take one minute to review this URGENT letter from the Office of the Comptroller of the Currency (OCC). The OCC is the agency that regulates about 1,200 banks in the U.S. And it just issued a letter announcing a major change to the American banking system that could impact 234 million Americans. If you have any money in the bank… Please click here right now and see how this could impact you. 
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නින්ද නොයාම පරාජය කිරීමට පහසු ක්රමයක් නින්ද නොයාම පරාජය කිරීමට පහසු ක්රමයක්... ව්යායාම: අධ්යයනයට අනුව සතියකට දෙවරක් පමණක් ව්යාය...
දවස පුරාම වාඩි වී සිටින විට ඔබේ සෞඛ්යය වැඩි දියුණු කිරීමට ඔබට කළ හැකි කුඩා දේවල්: ඔබ අපෙන් බහුතරයක් මෙන් නම් , බොහෝ විට ඔබ ඔබේ ...
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