Get rich quick

[Bill Bonner’s Diary]( Get Rich Quick By Bill Bonner Wednesday, October 6, 2021 [Bill Bonner] BALTIMORE, MARYLAND – Today, we are looking more deeply at how the Federal Reserve’s fake money – approximately $8 trillion of it since 1999 – has fouled the economy and corrupted its major industries. And none has been more corrupted than the one that got most of the money – Wall Street. We are in a privileged position. In our own business, we see financial excesses backing up like a clogged toilet. We see the rush of enthusiasm… the gush of new money… and the market flush with optimism, fantasy, and fraud. And, if we pay attention, we may know when to expect it all to go down the drain. That’s right. We’re in the financial industry, too. And just looking at what investors want to learn about is a good indicator of what’s ahead. When they are most athirst for a sector… a technology… or a market – it is ready for a correction. Recommended Link [Insider: Gov’t Set to Surrender Dollar to Private Tech Firm]( [image]( “My name is Jeff Brown… And I’ve spent the last 28 years in Silicon Valley, working with some of the most advanced technologies in the world. My history as a high-tech executive and angel investor gives me access to breakthrough information long before it reaches the masses. But the story I just uncovered is so big… and so strange, it’s hard to believe. As we speak, a new, [competing financial system]( is taking root. And the technology behind it could soon change the world in ways you can’t imagine. Not one but FOUR of the biggest tech companies in the world are already on board. If all goes as planned… Their actions could change money, as we know it, practically overnight. That’s why I dropped everything to record an urgent video message for you…” [Watch the video – free of charge – here.]( -- Next Big Score For example, for many years now, we’ve seen a decline in interest in our Diary. We don’t take it personally. Here at the Diary, we aim to connect the dots and figure out what is actually going on. But when the money is flying, fast and furious, people only want to know how to get some of it. [Featured: Are you ready for Congress’ “Wealth Transfer Act”?]( Old-fashioned, long-term, value investing falls from favor. Experience and reason give way to trading tricks… and technical jargon (even when nobody understands what the hell it means) is the lime-colored leisure suit of the day: You want to buy into the metaverse, with a disruptive new blockchain technology, bigger than 7G… bigger than the internet… more important than the wheel? How about an EV with a trillion-mile battery… the next hot crypto… and a $5 gazillion new market? It’s going [to the moooon]( And Elon Musk is already on board. But be sure to act before midnight tonight! Buy and hold is out of style. Now, everyone is looking for the Big Score on new technology. The next Tesla! Recommended Link [Be Afraid Dear Reader]( [image]( Dear Reader, Our political system… financial system…health care…our sense of community — it’s all fracturing. One legendary research firm calls it the “New American Nightmare.” They’ve spent months investigating this problem. 1,000+ pages of evidence have been reviewed and collected. And in this video, they reveal a radical shift taking shape in the financial markets. (Two of the predictions have already come true — exactly as the video predicts.) But their latest prediction is even more frightening…and as you’ll see in the video, it’s already quickly underway... If you have ANY money in the markets — In stocks, bonds, 401k, pension, gold, cryptocurrency, or private investments… This video IS critical to your financial future. [Click Here for the Full Story Now.]( -- No Real Investment But even fast-moving blockchain startups aren’t racy enough for today’s players. They want to trade options on rocketing stocks. The Wall Street Journal reports: So far this month, single-stock options with a notional value of roughly $6.9 trillion have changed hands, well above the $5.8 trillion in stocks that traded, according to Cboe data through Sept. 22. […] By one measure, options activity is on track to surpass activity in the stock market for the first time ever. In 2021, the daily average notional value of traded single-stock options has exceeded $432 billion, compared with $404 billion of stocks, according to calculations by Cboe’s Henry Schwartz. This would be the first year on record that the value of options changing hands surpassed that of stocks, according to Cboe data going back to 2008. Trading options is not “investing” in the classic sense. You’re not counting on earnings to pay off, neither in the form of dividends nor in capital gains. Instead, you’re just betting that you’re on the right side of the trade. There’s no real “investment,” in other words. No new factories. No new employees. No new product lines or improved service – nothing that will increase the world’s wealth and payoff for investors. It’s not win-win… it’s [win-lose](. For every winner, there’s a loser. Overall, the sum is, theoretically, zero. [Featured: The End of the NASDAQ…]( Sub-Zero In practice, though, the sum is sub-zero. Remember, you either make it – by offering wealth-increasing goods or services. Or you take it – by robbing a liquor store… going into politics… or gambling. But when making goes down and taking goes up… the world is a poorer place. Precious capital is misallocated… squandered on buybacks and pointless “wars.” What really counts in an economy is net investment – how much money is being saved and used to build more wealth? And last year, that number was little changed from 22 years ago, even though the economy is now more than twice as large. Recommended Link [To Any American Who Owns a Cell Phone]( [image]( If you own a cell phone, then mobile service providers hope you never get to see this video that could soon go viral. It was shot in downtown Denver by a multi-millionaire, who exposed sensitive truths about mobile phones and 5G. His experiment could strike a bad chord with mobile phone companies. But you’ve got to see what this man discovered and what it means for phone users in the weeks ahead. [Click here to see this video.]( -- Rich Learning Even the nation’s most prestigious and wealthiest universities have gotten the Get-Rich-Quick bug. As colleague Byron King puts it, their endowments have become “hedge funds with universities attached.” Again, the WSJ is on the case: University Endowments Mint Billions in Golden Era of Venture Capital Large college endowments have notched their biggest investment gains in decades, thanks to portfolios boosted by huge venture-capital returns and soaring stock markets. The University of Minnesota’s endowment gained 49.2% for the year ending June 30, while Brown University’s endowment notched a return of more than 50%, said people familiar with their returns, which aren’t yet public. Meanwhile, Duke University over the weekend said its endowment had gained 55.9%. Washington University in St. Louis last week reported a 65% return, the school’s biggest gain ever, swelling the size of its managed endowment pool to $15.3 billion. The University of Virginia’s endowment reported a 49% gain. Universities’ returns may include portions of endowments, plus other long-term investments. You’d think such august institutions of higher learning would be asking some questions. How come our investments increase at a 50% rate… even when the economy only struggles along, gaining less than 5% a year? How is that possible? Tune in tomorrow… Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Get rich quick). --------------------------------------------------------------- FEATURED READS [The Best-Performing Sector of 2022 Could Be Energy]( at the Diary, we’re closely following the energy sector. In fact, it’s Bill and coauthor Dan Denning’s pick for their Bonner-Denning Letter’s “Trade of the Decade.” And our colleagues at Casey Research see the sector coming to life… as soon as next year… [China’s Real Estate Bubble Threatens the World Economy]( you’ve been following the possible real estate crisis in China, in which the largest property developer, Evergrande, faces bankruptcy, you may wonder, “Who cares?” But the repercussions of this crisis could be much farther-reaching than you realize… MAILBAG One dear reader critiques Bill’s semantics in Wednesday’s issue, “[Heading for a Cliff – Whee!]( Bill, it’s concrete, not cement. Don’t go in and say “cement” if you visit the place that sells you concrete. I used to service machines in a plant that made concrete, and I made the mistake of calling the stuff “cement” only on my first visit. – John P. Meanwhile, another dear reader’s opinion on the cognitive state of America… Americans aren’t stupid, but we are not focused on how to work together for the common good (or on supporting innovation that will improve our lives). Most people don’t even know what has actually improved our lives – the airplane, polio vaccine, automobile, air conditioning, telephone and computers, etc. What all of these had in common were dedicated individuals who used the power of science and engineering to solve complex problems that have helped humanity. This should be our country’s focus – an all-court press to encourage future generations to go into science and engineering to keep innovations coming. Cable news does the opposite. The dumbing down of the media output to create anger and divide the nation may create viewers… but it is hurting the country and it doesn’t focus on the innovation the country needs. – Carol S. And finally, others share their thoughts on Monday’s Diary, “[Just a Game]( I feel like you grossly overlooked the role that the civilian politicians played in the Afghanistan debacle. Certainly, the top brass went along with the politicians’ decisions. It was in their best interest, too. Most of them never heard a shot fired in anger (unless they have lived in Chicago, Memphis, etc.). As usual, the much lower ranks paid the price. – James R. It only took China eight years to bring a world-class aircraft carrier from paper to sea. It takes the U.S. 13 years! “Muddle” management and “cover your a**” bureaucrats are driving us into deep complacency, thinking we are still “great.” The current administration is fostering this attitude more and more every day! – Tim D. I have enjoyed Bill’s blogs for many, many years, whilst not always (but more often than not) agreeing with him. But this (rant?) against the military I can agree with – as would the late lamented President Eisenhower, who surely knew a little about the military (being one of the greatest commanders in recent history). Recently (I’m in the U.K.), I listened to a couple of academics (not necessarily Bill’s favorite commentators) discussing at the Quincy Institute the topic, “Has Making Wars More ‘Humane’ Helped Make Them Endless?”. A fascinating discussion, that included how those in power can rationalize their need to dominate others. – Jim P. Should the country’s focus be on working together for “the common good,” as Carol suggests? How has the U.S. become deeply complacent and are we still “great”? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Get rich quick). IN CASE YOU MISSED IT… [Grocery store limits are back. It’s much worse this time]( It’s back, As CNN has just confirmed… “Costco is limiting how much toilet paper you can buy again.” The nationwide chain, the fifth largest retailer in the world, also announced limits on “water and key items.” As you’ll soon learn, the buying limits we’re now seeing across the country are just the beginning of [something much bigger, much more serious, and far more dangerous](. Something that is set to hit our farms, our hospitals, even our military bases... Because unlike the previous shortages we saw in 2020… this time, the underlying cause is not a virus or government lockdown. And it’s not something that will just “go away” in a matter of weeks. This time, our world is staring down what may be [the worst supply chain crisis in human history](. The true culprit behind this new crisis may surprise you... [Click here to learn what’s causing all this — and how to prepare for what’s coming next.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. [image]( [The Trader’s Guide to Technical Analysis]( [image]( [The Ultimate Guide to Taking Back Your Privacy]( [image]( [How to Earn Free Bitcoin]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Share]( [FACEBOOK]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Rogue Economics welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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