By Emma Walsh, Managing Editor, Bill Bonner's Diary This week, Bill recounts his experience of trying to buy bitcoin… and wonders what ever happened to that crypto coin he was gifted in 2012… He spends one last day observing the comings and goings on the beach in Rancho Santana before leaving for his next destination… And he looks back at what the world was like a year ago, before the coronavirus began to dominate the headlines… …and takes issue with the populist “blame the capitalists for everything” mantra… There’s also an update from his ranch in Argentina. It seems the originarios are mobilizing… Regards, Emma Walsh Managing Editor, Bill Bonner’s Diary | Bitcoin Goes to the Moon In 2012, Bill received a small crypto coin as a gift. It was worth about $7. In recent years, his kids persuaded him to let them invest some of the family capital in cryptos, against his better judgment. Since then, cryptos have gone to the moon. But the coin he received is nowhere to be found. | | | Days in Paradise On his last day at Rancho Santana, Bill reflects on the benefits of a life lived overseas. He first wrote about this for his flagship International Living publication 40 years ago. Now, in the time of a global pandemic, it proves more attractive than ever. | | | Looking Back at the Past Without the Rose-Tinted Glasses By now, we’re all-too-familiar with the shackles the coronavirus pandemic rescue measures have placed on the American finances for generations to come. Over $4 trillion has been added to the national debt – just since last year. But today’s essay takes us back to a time before the coronavirus took over our lives. Was everything in America really that great back then? | | | It’s All Capitalism’s Fault Apparently, the failure of the Texan energy grid is a failure of capitalism. And capitalism is also to blame for the COVID-19 pandemic… the low savings rate… and gun violence. But are those simply trying to do honest, win-win deals with one another really to blame for all the world’s woes? | | | Desperate Times in the Calchaquí Valley Last year, Bill spent nine months at his ranch in Argentina. We regularly read about the trouble he was having with the originarios, who are trying to lay claim to his land. Today, Bill shares an update he received from his Argentine lawyer on the situation there… | | | Like Investing in The Beatles Before They Made it Big Bill has often admitted in these pages that he’s not a huge fan of cryptocurrencies. Luckily, our colleague, Teeka Tiwari, understands everything about cryptos. And he’s discovered a new opportunity that he says would be like investing in The Beatles when they were still touring seedy nightclubs in Europe… | | Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com. Recommended Links Get Instant Access Click to read these free reports and automatically sign up for daily research. |
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