From Bill Bonner, Chairman, Bonner & Partners:
BALTIMORE – When we left you yesterday, we were discussing the War on Cash – the push by governments to abolish physical currency.
It is a fraud. The idea is not to fight crime or boost the economy, as its proponents claim. It is part of a bigger campaign by the Deep State to take more control over your money… and your life.
We’ll return to our theme in a moment. But first… an update on the markets and the economy.
It came out last week that world trade did indeed fall in 2015. It was the first time this had happened since 2009.
Starting at the end of last year, we began following the trains, trucks, ships, and sales of “yellow machines” – backhoes, loaders, bulldozers, etc. – and watching them all slow down.
Sure enough, they were telling us something important. Reports…