| By Bill Bonner Tuesday, February 24, 2021 RANCHO SANTANA, NICARAGUA – Children shouldn’t have to learn that Santa Claus doesn’t exist. And some facts are too brutal even for adults. That things go down as well as up… and get worse as well as better… is blindingly obvious to everyone over 55. But it will come as a rude shock to today’s investors. So will today’s insight: that there are hard seasons in human life as well as soft ones. Human life is cyclical. It’s not onward and upward forever. There are recurring patterns… frost as well as warm breezes… clouds as well as sun. Science and technology may grow all year round. But in love, politics, war, and money, we flourish in the summertime… and die back every winter. | Recommended Link | | Big T’s Prediction for 2021: Tonight at 8 p.m. ET Tonight, at 8 p.m. ET… The man voted by 130,000 analysts as the #1 most-trusted authority in crypto is back with another huge discovery. In his first-ever “Tech Royalty” Summit, Teeka will reveal what could be the best crypto investment he’s discovered in his 32-year career. To find out more… ***You must RSVP to attend. When you click the link, your email address will automatically be added to the event list | | | -- | Nothing Like the Yucatán Here in Nicaragua, it’s nothing like the Yucatán Peninsula, where we spent the last two days. Here we are on the Pacific; there on the Atlantic. Here it is dry. There it is humid. Here it is mountainous. There it is flat. Here it is quiet and backward. There it is crowded, modern, and booming. Here it is poor. There it is relatively rich and prosperous. There are seasons here, too. In the summer months, it is rainy. In winter, it is dry. And this time of year, the dust blows across the roads and dry leaves accumulate on the ground. [Featured: Where America Goes From Here (It's a Nightmare)] We got to the airport at 10 p.m. In the daytime, we’d have to make our way through heavy traffic, inevitably getting caught behind a truck, lumbering up a hill at 10 mph, while breaking black wind from its tailpipe. But last night, the road was nearly empty. After an hour or so on the Pan-American Highway, we left the blacktop and took a shortcut on a dirt road. There, too, we would normally drive through clouds of dust turned up by other cars and trucks. But with no other traffic, our own dust whirled behind us, coming to rest on the freshly washed school uniforms hanging on clotheslines near the road. Both Mexico’s Yucatán and Nicaragua’s Pacific coast are attracting more and more U.S. retirees. And this trend – like the rise of Florida before it – may continue for a long time. | Recommended Link | BUY Biotech Stocks NOW
To fight COVID-19, the U.S. government gave biotechnology companies $1.25 billion in stimulus money. But this controversial FDA move… Has pumped $1.2 trillion into the sector. That’s 960 times bigger than the COVID-19 stimulus. It’s fueling a growing bull-run in biotech. And get this… Experts predict this FDA move could unleash another trillion, pushing biotechnology stocks even higher. Former Fortune 500 tech executive Jeff Brown has the full story… Including why only certain biotechnology companies will benefit from this next round of wealth. | | | | Rendezvous With Destiny Cycles take time. The credit cycle, for example, can last a lifetime. The last time interest rates were this low was around the time we were born – in the late 1940s. A complete stock market cycle, too, is surprisingly long. But we have to look at them in terms of old money – the gold-backed dollar – to see them clearly. The last major low came in 1980. Then, it took only 1.3 ounces of gold (equal to about $700 at the statutory rate) to buy the entire Dow 30 stocks. [Featured: Hidden Time Bomb in Your Brokerage Account?] Twenty years later, the bull market had run its course, hitting a high of over 40 ounces of gold in 2000. That was the high-water mark for U.S. stocks. They had never hit such a high before… and never have again since. [For more on the Dow-to-Gold ratio, click here.] And there’s still no bottom in sight, 40 years after the last low. Investors and the financial press applaud every up move in the stock market. “Dow 30,000,” they cheer. But to get back to its real level of 1999 – at 42 ounces of gold to buy the Dow – it would have to go to 67,000. Even as stocks go up in new, nominal dollars, gold goes up more, leaving them further behind. And our guess is that this pattern will continue, too… and when the Dow finally finds its bottom – its rendezvous with destiny – it will be under 5 ounces of gold. | Recommended Link | | Evidence? Did you know…
President Joe Biden admitted he doesn’t own any Bitcoin…
But the U.S. government is currently sitting on a $1 billion Bitcoin stash? And shortly after taking office… Biden issued a “FREEZE” on a newly proposed cryptocurrency regulation. What could this mean for you and your money? Teeka Tiwari explains here: | | | -- | End of an Empire According to Sir John Glubb, the imperial cycle lasts 250 years. Maybe so. Maybe not. But the U.S. empire definitely seemed on the downswing after 1999. And once the cycle turns, none of the king’s horses and none of his men are able to do much about it. That is a recurring pattern of history, too – like it or not, empires die. All of them. We have been chronicling the many promises of the 21st century that didn’t pan out. The dot-coms blew up in March 2000. The Information Revolution buried us under a mountain of data. The stock market headed down… and in real terms, is still only at half its 1999 level. The mission, whatever it was, was never accomplished in Iraq. The war in Afghanistan has turned into the longest ever. The U.S. military still hasn’t won a war in 75 years. New technology failed to produce a new boom. The most aggressive Federal Reserve response ever (to the crisis of 2008-2009) yielded only the weakest recovery on record. The Obama election failed to heal racial wounds. The Trump tax cut failed to increase growth. The Trump trade wars made no appreciable improvement in America’s manufacturing sector. And the Baltimore Ravens did not win the Super Bowl in 2020. The seasons change, in other words… even for empires. Disappointments accumulate. And MAGA never had a chance. Regards, Bill
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FEATURED READS Top-Performing COVID-19 Economy Could Break Out Higher This Year
For one tiny Asian country, containing the dreaded COVID-19 virus and staying economically afloat in 2020 weren’t far-fetched ideas. And continual growth is on the horizon for this country… which could outpace China’s post-COVID-19 economic expansion. The Beginning of a Historic Copper Market
If you’re looking to expand your portfolio holdings, our colleagues at Casey Research offer a suggestion: copper. The metal has become a staple in the tech sector, which means it’s set for strong growth – and profit opportunity... MAILBAG Dear readers explore China’s potential rise to a global superpower in Bill’s Diary, “The Big Girl Wakes Up”... Interesting paradox of us versus them, and who wins. It is highly possible that both China and the USA will prosper and realize that one needs the other. So each side grins as it delivers harsh words to each other, resulting in a draw. Military threats will abound, and also keep the peace. Let’s face it, there is definitely symbiosis between the two powers. – Terry B. To get a perspective on China, go back 30 years to Japan. And 60 years to Germany. Both were predicted to dominate the world. Both did well but never dominated the world as the U.S. did during the glorious 30 years following World War II. China will also slow down. – Guy B. Meanwhile, others share their take on the mainstream adoption of bitcoin… As much as I enjoy your writing, I have to disagree with your take on bitcoin. Bitcoin doesn’t have earnings, just as other mediums of exchange do not. I own gold, I have some cash and stocks, and I own bitcoin. As a student of history and a self-avowed skeptic, I have to remind myself on occasion to remain objective. There is a whole lot going on today that is closer to peak lunacy than the emergence of a decentralized currency with a hard cap that isn’t susceptible to central bank money-printing. – Ted H. I enjoy Bill’s suspicious view on human genius/foolery. I laugh reading his work more than most places in my life. I also appreciate practical philosophy as a road to truer wealth. Currency, money, and wealth! (To the tune of “Lions, Tigers, and Bears”!) I am an investor in various crypto projects. I started dabbling in bitcoin because several years ago, I saw (like many) that central bank theft notes were going to fall apart. And it’s done OK for me. It allowed someone outside the loop to engage in various projects without asking my momma for permission. It gave me and a lot of people access. However, valuing bitcoin is a pain. I agree with Bill that it is not quite money, especially in its lack of intrinsic value. And, as he intimated, it may prove not to matter. – Mark T. Have you taken the plunge and speculated on bitcoin? If not, do you plan on doing so? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Trump Tweets About Tech Expert Jeff Brown After he was banned from Twitter, Donald Trump's retweet of Jeff Brown's appearance on the Glenn Beck Show disappeared forever. But Jeff Brown's new presentation explaining his thoughts on the "Great Reset," and what it means for ordinary Americans, can still be seen for now. Click here to see what he has to say before it's banned, too. 
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