Bill Bonner’s Diary
BALTIMORE — Last week, stocks finished at an all-time high. But guess what? In terms of real money — gold-linked, pre-1971 dollars — stocks have been losing ground since the start of the millennium.
We are looking at one of the most remarkable episodes in financial history. Investors think they are making money… when they’re actually getting poorer.
Donald J. Trump tells the international Deep Staters at Davos that the U.S. economy is “spectacular”, but most of its countries have never recovered from the crisis of ’08-’09.
What a jolly time to be alive… to be conscious… with a few dollars saved up and a sense of humor. And coming up… a financial Demolition Derby on a global scale… Continue reading
PHOTO: United States Secretary of State, Michael Pompeo, addressing a policy discussion session on US-Caribbean relations on Wednesday (January 22) at The Jamaica Pegasus in New Kingston, Jamaica. The meeting formed part of Pompeo’s two-day working visit to the island. Photo credit: Dave Reid And Adrian Walker/JIS.
India: Narendra Modi stokes divisions in the world’s biggest democracy – The Economist
India’s 200m Muslims fear the prime minister is building a Hindu state
Narendra Modi
Leaders- Jan 23rd 2020 edition – Jan 23rd 2020 – The Economist
Last month India changed the law to make it easier for adherents of all the subcontinent’s religions, except Islam, to acquire citizenship. At the same time, the ruling Bharatiya Janata Party (bjp) wants to compile a register of all India’s 1.3bn citizens, as a means to hunt down illegal immigrants (see Briefing). Those sound like technicalities, but many of the country’s 200m Muslims do not have the papers to prove they are Indian, so they risk being made stateless. Ominously, the government has ordered the building of camps to detain those caught in the net. Continue reading →
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