Past Articles


Today’s Reserve Currency = Tomorrow’s Wallpaper

Somehow, like it or not, the world turns. Today's hegemon becomes tomorrow's also-ran. Today's reserve currency becomes tomorrow's wallpaper. Today's cock o' the walk becomes tomorrow's dinner. Hey, we didn't create this system. We don't even especially like it. But that's just the way it is. We'll come back to this in a minute. First, let's just note that...

Bill Bonner's Diary

How America’s Working Stiffs Got Stiffed

Amazing how much difference a few years make. We first visited China in the 1980s. It was an appalling...

Bill Bonner's Diary

Has the Chinese Economy Hit the Great Wall?

The lazy days of summer trading continue. The Dow barely moved yesterday. Gold fell $15 an ounce – to...