The Fed Has Spiked the Punch Bowl By Van Bryan, Managing Editor, Bill Bonner’s Diary There was a time when the Federal Reserve earnestly tried to keep the economy on an even kilter. America’s central bank would hike rates when the economy ran too hot. It would “take away the punch bowl” when the party got too wild. This week, Bill showed why those days are gone. All the Fed can do is “stimulate.” And the results of that are clear now: A sedated version of capitalism… the working stiff robbed by his own elite… and the disappearance of the essential ingredient of win-win capitalism. Yes, Dear Reader, the punch bowl stays. And now, they’re pouring grain alcohol in… A Bomb Cyclone Is Headed for Stocks Bill started the week by taking stock of America’s finances: an unpayable federal debt… deficits that will shoot to $2 trillion… and a Federal Reserve that has abandoned any pretense of sensible monetary policy. Yes, Dear Reader, the waters are rising. And soon we’ll all be underwater… Trump Has Found His “Stimulus Guy” The Federal Reserve, as Bill so eloquently put it, believes that the economy can run faster and better, thanks to “a bunch of old jackasses sitting around a mahogany table.” But at least the Fed was somewhat ashamed when it robbed the working man with its EZ-money policies. That might be changing. A die-hard “stimulus guy” has come a’ knockin’ at the doors of the Eccles Building… Behind the Mueller Distraction… a Hellish Catastrophe After two long years, the Mueller Investigation is over. The mainstream media will talk of nothing else. But behind the scenes, the story Americans should care about is unfolding… How the Feds Sedated American Capitalism Capitalism has been drugged, lost in a haze of EZ money and near-zero interest rates. All of it done in the name of “stimulation.” But they’ve stimulated nothing. On Thursday, Bill shows how the essential ingredient of win-win capitalism was lost. Once a Gaucho… Always a Gaucho On Friday, a surprise at the ranch. Dressed in traditional regalia, and riding criollo horses, eight “fake gauchos” from the city pay Bill a visit. These men may be journalists… lawyers… and businessmen in the city. But, at least for today, they’re cowboys through and through. Here’s What Pops the “Everything Bubble”… During the Financial Crisis, the Federal Reserve slashed interest rates and injected trillions of dollars into capital markets. It averted a total meltdown of the financial system. But as Nick Giambruno shows in Saturday’s Diary, it also set the stage for something worse… Regards, Van Bryan Managing Editor, Bill Bonner’s Diary Recommended Links - “Wow, I sold early this morning for a 960% gain at $24,000. Unbelievable; thank you!!!!!” It may sound unbelievable, but it’s true - this reader recently banked a 960% gain. He did it by following the recommendations of a man some call “America’s No. 1 Technical Analyst.” Others have emailed him, proudly claiming gains of 423%, 661% and 690%. Here’s how you can get his next trade recommendation based on his BRAND-NEW technology… Incredible Gadget Dominates Market 9 Times More Valuable Than Google, Facebook and Amazon… COMBINED! This little gadget is small enough to fit in the palm of your hand… And has the technology set to blow the lid off a breakthrough $15 trillion tech revolution… Making a lot of early investors very rich. Especially since you don’t need a lot of money to get in right now… Obviously that can’t last forever, so click here now to get more details right away. © Bonner & Partners 455 NE 5th Ave, Suite D384, Delray Beach, FL 33483 www.bonnerandpartners.com This editorial email containing advertisements was sent to its028@gmail.com because you subscribed to this service. To stop receiving these emails, click here. Bonner & Partners welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-681-1765, Mon–Fri, 9am–7pm ET, or email us here. © 2019 Bonner & Partners. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Bonner & Partners. Privacy Policy | Terms of Use