Right now, Congress, the Fed, and the Treasury are all gambling with your future and your money. And it's contagious. Economies around the globe are suffering from the biggest multitrillion-dollar bets ever wagered on big governments and miraculous financial interventions in pretend "free markets."
One man saw it all coming and told his readers well in advance of today's crisis. Bill Bonner reports on the true health and well-being of the world's largest economy to over half a million readers each day in
The Daily Reckoning. His newsletter is to the mainstream financial press what the Gnostic Gospels are to the King James Bible.
Back in 2000, Bill Bonner sounded like a prophet crying in the wilderness. While everyone scrambled to purchase shares of the latest and hottest dot-com, Bill announced his Trade of the Decade: Sell dollars, buy gold. Back in 2000, you could get an ounce for around $264. Today, you could pay as much as $1,400 for that same ounce. Finally, some of Bonner's best pronouncements, predictions, and profitable analysis are collected in one place.
Dice Have No Memory gather's Bonner's richest insights from August 1999 through November 2010 to form a chronological narrative of economics in America.
Here's a fraction of what you'll find inside:
*Gold says "I Told You So"
*Three out of Four Economists Are Wrong
*Imperial Overstretch Marks
*Why Debt Does Matter
*Economic Zombies Shuffle Towards Bankruptcy
Bonner's
Dice Have No Memory offers elegies for economists, tips for investors, tirades against wasteful warfare past and present, and practical guides to modern finance with graceful prose, well-earned intelligence, and riotous irreverence. Bill Bonner's common sense genius rips the window dressing off modern finance - a world normally populated by misguided do-gooders, corrupt politicians, and big bankers empowered by dubious "mathematical" truths. The investing game is rigged, just like Monte Carlo.
Instead of giving you magic formulas, this archcontrarian teaches you how to think clearly. And
Dice Have No Memory gives today's investor the next moves he should make...before it's too late.
Dice
Have No Memory Big Bets & Bad Economics from Paris to the Pampas
A decade in financial market chaos as seen through the eyes of The Daily Reckoning's Bill Bonner
"Bill Bonner is truly one of the best financial writers of out day." - Morgan Housel, The Motley Fool
"Back in 2000, Bill Bonner announced his trade of the decade. It was a simple one: Sell dollars, by gold?.At the time, Bonner saw what most others did not. He saw the U.S. not as an economy carefully and cleverly managed by then Federal Reserve chairman Alan Greenspan and his passion for low interest rates, but as a massive credit bubble waiting to burst?.Bonner had a good decade, making returns of 400%-plus. The question now is will he have another one? I suspect he might." -Merryn Somerset Webb, Financial Times, (Dec. 11:2009)
"For better or for worse, my entire education in economics comes via Bill Bonner," - Jenna O., World News Desk, Collapsenet.com, World Trade Center Environmental Organization