We’re Living in a Deep State Paradise
βill Bonner
NORMANDY, FRANCE – Clowns to the left of us… jokers to the right – what a hoot it is to watch them jump and howl.
Trade barriers… LGBT bathroom policies… the Dow… Elizabeth Warren… Rudolph Giuliani… unemployment… QT [quantitative tightening]… Canadians sneaking across the border to buy our shoes – there’s no shortage of louche entertainment in yesterday’s events.
But what about tomorrow? We learn from the papers that computers can beat us at chess, write better essays, and drive our cars.
So far, so good.
On October 17, 2018, all your favorite Bonner & Partners editors will be flying into Bermuda for the largest conference we’ve ever held. The speaker list will include some of the greatest investors in the world covering the topics they know best. Plus, you’ll get to hear from John Stossel and special guest Glenn Beck.
Register today and receive a $1,000 voucher to use toward any investment research service offered by us or our seven partner companies.
Read all the event details here
Identified Undesirable
Alas, these same computers can also pick our face out of a crowd… cancel our credit cards… and take away our passports. Using algorithms and Big Data, they can also identify us as “undesirable”… or worse.
That’s when your editor sees the scaffold going up in front of him… and there is the hangman approaching with a noose in his hands.
Last week, a couple of reports added to his soucis.
First, the IRS announced that it would block passports for 362,000 Americans who are late on their taxes.
From where in the Constitution does the tax collector get the right to confine citizens who have never been convicted of a crime? We don’t know.
We believe our own accounts with the IRS are in good order. But the “tax code” had 74,608 pages in 2016; there is plenty of room for disagreement, ambiguity, and interpretation.
Our own tax return is more than two inches thick. It is prepared by professionals.
Could they make a mistake? Of course, they could. Could the IRS make a mistake… or worse, intentionally try to make life difficult for us?
It would never do such a thing, you say.
In 2013, the IRS apologized for targeting conservative groups for extensive auditing. It admitted that it had given especially harsh treatment to groups with “tea party” or “patriot” in their names and promised it wouldn’t do it again.
Of course, it won’t. And it won’t make mistakes, either.
Recommended Link
If History Repeats, These Mining Stocks Could Soar 10x Starting August 16
Garibaldi Resources: +3,622% in 10 months.
MBMI Resources: +1,400% in just over a year.
Bell Copper: +636% in under 11 months.
Six Sigma Metals: +3,300% in a year.
Cobalt 27 Capital: +4,066% in about 4 months.
Remember Tesla’s famous “Gigafactory”?
Tesla’s ambitious CEO, Elon Musk, spent $5 billion to build this massive battery factory in the Nevada desert. It’s five times bigger than Central Park. And it can make 500,000 batteries a year, mostly for electric cars.
Shortly after it opened, prices of the metals used to create batteries soared as high as 190%. And the best-performing companies that mined them soared even higher – as much as 4,066%.
Now, as soon as August 16, China’s opening its own battery factory.
It will be able to produce 50 times more batteries than Tesla’s “Gigafactory”:
When it opens – as soon as August 16 – how high could it send the prices of battery-grade metals (and shares of the companies that mine them)?
www.fotavgeia.blogspot.com
βill Bonner
NORMANDY, FRANCE – Clowns to the left of us… jokers to the right – what a hoot it is to watch them jump and howl.
Trade barriers… LGBT bathroom policies… the Dow… Elizabeth Warren… Rudolph Giuliani… unemployment… QT [quantitative tightening]… Canadians sneaking across the border to buy our shoes – there’s no shortage of louche entertainment in yesterday’s events.
But what about tomorrow? We learn from the papers that computers can beat us at chess, write better essays, and drive our cars.
So far, so good.
On October 17, 2018, all your favorite Bonner & Partners editors will be flying into Bermuda for the largest conference we’ve ever held. The speaker list will include some of the greatest investors in the world covering the topics they know best. Plus, you’ll get to hear from John Stossel and special guest Glenn Beck.
Register today and receive a $1,000 voucher to use toward any investment research service offered by us or our seven partner companies.
Read all the event details here
Identified Undesirable
Alas, these same computers can also pick our face out of a crowd… cancel our credit cards… and take away our passports. Using algorithms and Big Data, they can also identify us as “undesirable”… or worse.
That’s when your editor sees the scaffold going up in front of him… and there is the hangman approaching with a noose in his hands.
Last week, a couple of reports added to his soucis.
First, the IRS announced that it would block passports for 362,000 Americans who are late on their taxes.
From where in the Constitution does the tax collector get the right to confine citizens who have never been convicted of a crime? We don’t know.
We believe our own accounts with the IRS are in good order. But the “tax code” had 74,608 pages in 2016; there is plenty of room for disagreement, ambiguity, and interpretation.
Our own tax return is more than two inches thick. It is prepared by professionals.
Could they make a mistake? Of course, they could. Could the IRS make a mistake… or worse, intentionally try to make life difficult for us?
It would never do such a thing, you say.
In 2013, the IRS apologized for targeting conservative groups for extensive auditing. It admitted that it had given especially harsh treatment to groups with “tea party” or “patriot” in their names and promised it wouldn’t do it again.
Of course, it won’t. And it won’t make mistakes, either.
Recommended Link
If History Repeats, These Mining Stocks Could Soar 10x Starting August 16
Garibaldi Resources: +3,622% in 10 months.
MBMI Resources: +1,400% in just over a year.
Bell Copper: +636% in under 11 months.
Six Sigma Metals: +3,300% in a year.
Cobalt 27 Capital: +4,066% in about 4 months.
Remember Tesla’s famous “Gigafactory”?
Tesla’s ambitious CEO, Elon Musk, spent $5 billion to build this massive battery factory in the Nevada desert. It’s five times bigger than Central Park. And it can make 500,000 batteries a year, mostly for electric cars.
Shortly after it opened, prices of the metals used to create batteries soared as high as 190%. And the best-performing companies that mined them soared even higher – as much as 4,066%.
Now, as soon as August 16, China’s opening its own battery factory.
It will be able to produce 50 times more batteries than Tesla’s “Gigafactory”:
When it opens – as soon as August 16 – how high could it send the prices of battery-grade metals (and shares of the companies that mine them)?
www.fotavgeia.blogspot.com
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