Problems, problems, problems all day long…
– The Everly Brothers
PARIS – We were sitting in the restaurant at a chic hotel in Paris on Sunday morning.
Next to us was a German family – a man about our age with his daughter and his two grandsons, about 9 and 10 years old. The man spoke to his daughter in German, but to the boys in English.
“It’s terrible… now they’re shooting people all over Germany,” said the woman.
“Were they shooting guns?” asked the older boy.
“Yes… and they killed nine people” came the reply.
“Why did they do that?” the boy asked.
“I don’t know,” she replied. Then the boy turned to his grandfather.
“Why do people kill other people?” he wanted to know.
There was no answer.
Moment of Triumph?
Meanwhile… it’s the Democrats’ turn to make a public spectacle of themselves.
And what a spectacle it is!
The Big Nurse was planning on a cool, trouble-free convention. She brought in the big money, manipulated the primaries, and sedated Bernie.
She got Wall Street, the hack press, and the Parasitocracy solidly behind her.
This should be Hillary’s big moment of triumph. She should be crowned the Democrats’ champion… regally accepting the highest honor ever bestowed by the Democrats on a woman.
Alas, instead of adoring fans and grateful zombies, she may face an angry mob, chanting “Lock her up!”
Philadelphia is sweltering. Tempers are boiling. Bernie supporters and other malcontents are up in arms.
If you can believe it, the Russians hacked Democratic National Committee emails, revealing how the DNC was aiding and abetting Hillary against Bernie in the primaries when it was supposed to be neutral.
Violence at the Ranch
On Sunday, we received an update on our problems in Argentina.
You will recall that the ranch was invaded by originarios – locals who claim to be descended from the original inhabitants of the area.
They believe they have a claim to the land that transcends settled principles of property law.
Our man on the scene reported in:
Good fortune! As soon as the trouble started, we called the police. They prevented any real violence (but one of our men got a little too aggressive with the originarios).
Then we took the ringleaders to court. We charged them with criminal trespass. Last week, the court issued its verdict – an injunction against them.
The originarios are prohibited from interfering in any way with our operation of the farm. They can’t block our roads or use our fields. If they give us any trouble now, the court will come down on them hard.
And the best thing is that now that the government has changed [Argentina voted in a new president last year] their funding is getting cut off. They were getting money to promote “indigenous rights.”
At least, that was the idea. But an audit found that they were stealing the money. Millions of dollars went missing from their accounts. We don’t really know, but I’m hoping they are out of money.
Meanwhile, our cattle are starving. In context, the fight with the originarios seems irrelevant.
The economics of farming in the area have changed. The ranch isn’t sustainable for any of us – neither your editor nor the people trying to take it away from him.
Consumers in Northwest Argentina used to buy our tough, lean beef. Now, they get meat shipped up in refrigerated trucks from the Pampas.
And now, with a drought in the area, our cattle can barely survive, let alone put on tender weight.
We asked our former ranch manager, Jorge, to check out the neighboring ranch. It is for sale at about $40 an acre.
The idea was that we could drive our cattle through the pass, and keep them there during the winter, to get them through the dry season.
But Jorge reported in last week, too. He said that there were only about 140 acres with access to water… and the water dried up in the wintertime.
“It’s not worth fooling with,” he advised.
“Hay un problema. Pero no hay una solución,” said Jorge, smiling.
It’s not the only problem without a solution…
More to come…
Further Reading: Bill’s team is now helping intrepid travelers plan visits to the ranch at Gualfin. Each trip will be tailored specially for each visitor. From the sala… to the casita… to the vineyards… and, of course, the cattle herd… you can see as much or as little as you want. Find more details here.
BY JEFF BROWN, EDITOR, EXPONENTIAL TECH INVESTOR
Google is an amazing company that belongs in any long-term tech portfolio… for reasons that might surprise you.
When people think of Google, they think of an internet search company. But Google’s business is advertising. It sells ad space, generating revenue whenever consumers click through links.
What very few realize is that, at its core, Google is an artificial intelligence (AI) company. For every search that anybody does using Google’s platform, the company is collecting that data. It then uses that data to improve their search algorithms, which improves their advertising revenue-generating algorithms.
And they do all this with forms of AI. Effectively, the world is powering Google’s AI and teaching it to perform better on a daily basis.
AI is one of the most interesting areas that Google’s working in. The company made several acquisitions a few years ago that are resulting in very advanced AI technology.
And you’re going to see more and more of that… not only impacting its advertising and search technology, but robotics products, translation products, and other areas that Google hasn’t publicly announced. So this is still a high-growth company.
In 2015, revenues were roughly around $70 billion, but it’s forecast to bring in around $80 billion in 2017. It’s incredible that a company this size can grow that quickly with that kind of scale.
Google is an absolute buy.
Editor’s Note: Tech giants, like Google, are not the place to look if you want big investment gains. You need to target companies you won’t hear about on TV – ones like Jeff’s November 2015 recommendation, which just inked a deal to be acquired… handing Exponential Tech Investor subscribers a gain of more than 70%.
To hear more about the research Jeff is doing on small tech companies that are set to skyrocket, go here.
Is Gold Really a Safe Haven?
Going back to 1975 (when it began freely trading in the U.S.), gold rose in only half the time stocks fell. And a new study questions whether gold is a good inflation hedge. Should gold bugs be worried?
Investor Alert: New Technology to Replace Smartphone Soon
One tech analyst says a totally new type of technology will replace your smartphone in the not-too-distant future. And that could make it a $120 billion market by 2020.
Why the Presidential Election Is a Plus for Stocks
There are plenty of good reasons not to like the 2016 presidential election. But according to the Presidential Election Year Cycle – which tracks how markets react to election cycles – now is a time to be bullish on stocks.
The Mailbag overfloweth today. We got huge response to yesterday’s Diary, “A Nation of Crooks?”
Wow! You just didn’t jab the Progressive hornet’s nest with a stick. You took a Louisville slugger to it. They’ll be coming for you for sure this time. Run, Bill, run!
– Will F.
BULLSEYE! As a fulltime peace officer in Texas for over 12 years now (plus 6 1/2 years as a Reserve Officer), Mr. Bonner has unabashedly jumped head first into the “Un-PC Pool of Truth.”
The line of folks heavily invested in the “PC Pile of BS Race Lies” will now heatedly wait their turn to criticize and ostracize Mr. Bonner for daring to publicly declare that there is a very serious problem within the black community relative to the national crime problem.
However, Mr. Bonner will get at least partial credit for “blaming Whitey” relative to welfare.
So, more blacks are arrested than whites. How do you prove that this statistic is because blacks are more poorly behaved than whites, and not just an artifact of persecution of the black community by the law enforcement establishment?
– Bruce H.
A mention of the cause of these disparities would make you sound less bigoted!
– Ben T.
Bill Bonner – The greatest living philosopher.
– Jacob M.
Anyone who quotes Pat Buchanan is, by definition, nuts.
– Robert J.
Bill’s article nails it once again. The road to hell is paved with good intentions. As someone who grew up in the “hood” in Britain, I’ve seen firsthand the destruction the welfare state causes to families and communities.
No one wants to go back to the 1930’s, but when you give people free education, healthcare, dentistry, housing and fairly generous ‘benefits’ and ask nothing in return you destroy people’s desire to succeed.
And yet the answer from politicians is more state and more pretense that the state can be a surrogate for absent fathers – it can’t, and it never will. “Welfare” payments should be renamed and called what they are. You should get a check saying this month you will receive X amount of “Other People’s Money” – cus that’s what it is!
– Anthony O.
Thank you for today’s essay. Your argument was both poignant and astute. As a social worker and fiscal conservative (I know – it’s an oxymoron), I have both practical and scientific knowledge of the historic and societal forces you describe, particularly their role in perpetrating poverty.
Shades of Hari’s Chasing the Scream (if you haven’t read it yet, it’s a must read for all Americans). Feeling particularly blessed today to have a lifetime membership to The Bill Bonner Letter. My best to you and your family.
– Brenda T.
In Case You Missed It…
Currencies expert Jim Rickards says you won’t believe how high gold prices will soar this summer.
But he’s advising a better way to play this rise than simply buying gold. Listen to what Jim has to say.