Uncharted Territory: An Interview with Bill Bonner

by Bill Bonner.Posted Aug 1, 2012.

Bill Bonner stakes out “uncharted territory” in an interview with The Money and Wealth Show…

For more of Bill’s insights – including how to play “the fattest, juiciest financial bubble that’s ever existed,” click here.

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America's most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning. Dice Have No Memory: Big Bets & Bad Economics from Paris to the Pampas, the newest book from Bill Bonner, is the definitive compendium of Bill's daily reckonings from more than a decade: 1999-2010.

http://yahoo thomas dalton

Bill Bonner and Jim Rogers remind me of Howard Cosell. They both tell it like it is.
gman

“the central banks can’t be counted on to protect the money”

but

“stocks could fall any day, they could crash, but I don’t think the currencies are going to crash like that”

except stocks crashing is not just a discrete event, it will inaugurate a vast daisy chain of default and a vast drawdown of productive capacity. and since cash is useful only if it can be exchanged for goods, of course central banks will print, for government and for themselves, in an attempt to get ahold of whatever product remains, and everyone else holding cash will be attempting to do the same for the same reason. these events will occur simultaneously. in such an environment with collapsing production and sudden money velocity increase and localized currency flooding, just how valuable will cash be?
Rudy

As long as over 100 000 containers full of Chinese trinkets arrive in US ports our future looks dark.And if you stopped this insanity quickly you would be out of luck buying a new printer or some other gizmo you need to function. I would take the USA years to re establish the productive capacity to manufacture most items now imported. We are slowly but surely sinking to a depressive state worse than the dirty thirties.
mike

More quotable quo-ates from Addison sound a lot like this:

* Now, pay attention, son.

* Pay attention when I’m talking to ya, boy!

* We have been flim-flammed.

* Fortunately, I keep my feathers numbered for just such an emergency.

* Okay, I’ll shut up. Some fellas have to keep their tongues flappin’ but not me. I was brought up right. My pa used to tell me to shut up and I’d shut up. I wouldn’t say nothin’. One time darn near starved to death. WOULDN’T TELL HIM I WAS HUNGRY!!
Wags

This is the first time I’ve watched Bill speak. I was impressed.
gman

no answer?

the deflationary period will be very short. it may not even occur at all given the number of informed front-runners.
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financial advice

Advises: Cash and Gold late July 2012.

Cash OK; US long term debt very OK;

but if the value of gold decreases by 50 percent during, say, the next 10 years and thereafter regains its valuation secondary to inflation …

was the advice to hold gold in the summer of 2012 good speculator advice?

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