September 16, 2016
From Bill Bonner, chairman, Bonner & Partners: It’s back to Europe. Back to school. Back to work.
Let’s begin by bringing new readers into the discussion… and by reminding old readers (and ourselves) where we stand.
Small and Lonely Group
As a Diary reader, you join a small and lonely group.
But we know something others don’t.
We—and apparently only we—understand the real cause of our economic malaise.
What malaise, you ask?
Well… how could the richest, most technologically advanced, and most scientifically sophisticated economy stop dead in its tracks?
The rate of economic growth has gone steadily downhill for the last 30 years. By some measures, after accounting for the effects of inflation, we’re back to levels not seen since before the Industrial Revolution.
And how could such a modern, 21st-century economy make the average person poorer?
When you measure actual inflation, rather than the government’s crooked numbers, the median U.S. household income is 20% lower today than when the century began.
And why would our modern economy concentrate wealth in the hands of so few, so that only the richest 1% make any real progress?
You may also ask a question with an obvious answer: Why are the richest and most powerful people in the country overwhelmingly supporting Ms. Clinton in the presidential race?
You find the answer to all these questions the same way: Follow the money.
Ms. Clinton is raising record amounts of money—$80 million in a single month.
Big corporations, banks, military contractors, rich people—all are pitching in to make sure Hillary is our next president.
Because she promises to protect the status quo.
That, of course, is what government always does. A free economy is a precarious place for wealth. It is despised by nearly everyone—especially the rich.
In a truly free market, the process of “creative destruction” can’t be controlled. New wealth is born. Old wealth dies.
Naturally, people with wealth and power try to use government to get more wealth and power… and to stop the creative-destructive process. They want to protect what they’ve got already. That’s why the real role of government is to look into the future and keep it from happening.
Hillary stands like King Canute, promising to stop the tides of economic history.
What’s this got to do with money?
Let’s ask another question instead: What is the source of Ms. Clinton’s campaign pile? Whence cometh all this lucre?
“It comes from rich people,” you will say.
But where did the rich get so much money?
Ah… that’s where it gets interesting.
We remind you of the context: So far this century, only the rich have gotten wealthier. Naturally, they are keen to see the system that gave them—and them alone—such great wealth continue.
Old Money, New Money
The key to understanding it all is the money system itself.
The money you spend today is the money that President Nixon inaugurated on August 15, 1971.
That’s when he reneged on America’s promise to convert foreign creditors’ dollars to gold at a fixed price of $35 per ounce… and broke the last link between the dollar and gold.
Nixon’s new money looked, for all the world, like the old money. It seemed to work just like the dollar always did. And the most distinguished economist of the era—Milton Friedman—advised Nixon to put it in place.
Subtle… slippery—the difference between the old dollar and the new one went unnoticed for 40 years.
Old dollar? New dollar? Who cared?
Even now, most of the world has no idea what happened. But we, dear reader, are beginning to connect the dots.
Here’s the basic difference: The old gold-backed dollar represented wealth that had already been created. You got more dollars as you created more wealth.
Money was real wealth.
But this old money was hard for the authorities to control. They said it was uncooperative. Intransient. And stubborn. They wanted a new kind of money… and a dollar they could manipulate (to make a better economy, of course).
So, the new dollar was created. And this new dollar was not based on wealth, but on debt.
It was not backed by gold. And it was not connected to the real wealth of the economy.
Instead, it was brought into being by the banking system—as a credit. It increased as people borrowed and went further into debt, not as they grew wealthier.
The more they borrowed, the more they could buy. This gave the economy the appearance of growth and prosperity. It allowed millions of Americans to increase their standard of living, even as their salaries stalled.
But every purchase put people further into debt…
Between 1964 and 2007, credit expanded 50 times.
And in 2008, the credit bubble burst.
More to come…
Reeves’ Note: The big corporations, banks, military contractors, and rich people backing Hillary Clinton are just apparatchiks of what Bill calls the Deep State… a nebulous group of elites who have infiltrated the far reaches of the American government.
Bill exposes this unelected group of insiders, and offers a “prep guide” to protect your wealth and privacy from its intrusion… in this urgent warning.
How to Stop Holding Yourself Back
|You’re throwing the fight.
You aren’t giving your best.
You’re making excuses and taking the easy way out.
I can tell.
You see, thousands of clients have gone through my various coaching programs.
And I know when a person has real marketing problems…
…and when a person has self-sabotage issues.
Eliminate Stress And Anxiety With Craig’s Secret Magic Time System
“Before discovering Craig’s Perfect Day Formula, my biggest struggle was controlling my mornings. That led to a constant feeling of being rushed and falling behind schedule… which in turn led to anxiety throughout the day. The #1 lesson I learned was how to dominate my mornings by blocking off my Magic Time and scripting the first three hours of my morning the night before. These days I have my to-do list knocked out by 10:00 a.m. This helped me overcome afternoon anxiety, regain control of my day, and free up more time in the evening to have with my family rather than playing catch up. I no longer have to work in the evenings and I get 7 hours of sleep per night rather than 4-5 hours in the past. Making a lot of money is great, but having the freedom to enjoy it without being stressed or anxious is the true definition of happiness. Craig’s Perfect Day Formula is for anyone who is driven to succeed but always seems to run out of time, misses deadlines, or lives in a state of anxiety. It will change your life.”
— Bedros Keuilian
In fact, and he won’t mind me saying this, our good friend, Craig Ballantyne, is one of those people. That’s right, Craig himself still has self-sabotage issues.
And you do, too.
I call this self-sabotage issue, “the E-brake problem.”
But it’s not your fault.
Let me explain.
I could give you and Craig a brand new Ferrari, but if the Emergency brake (the E-brake) is pulled, then it won’t go faster than a Honda Civic.
That’s because the car has been neutered.
Likewise, most people have a neutered subconscious mind.
They are holding themselves back.
They’ve got the E-brake on.
You might have a great idea and a hungry market that needs your help, but if you’ve got the brakes on, you’ll never get where you want to be.
But the only way for you to succeed and play up a level is to drop that E-brake.
You have value to add to the world.
You have lives to change.
You have the ability to make a massive impact on the lives of millions…
Just like Craig.
That’s one of the reasons he hired me as his coach — even though we’re business partners.
Craig was wise enough to know that he needed help.
He needed a mentor to guide him and to stop himself from holding back.
You need help releasing the e-brake, too.
It might be that you’re afraid of criticism, afraid of what other people might say, afraid of what your family might think, afraid of failure, and even afraid of success.
Instead of going all out, you hold back because you’re being selfish and protecting yourself from what others think.
So how do you drop the E-brake and accelerate down the road to success?
The answer is that you need to change your belief system.
For example, you might have a negative money mindset that your parents put in your head.
Perhaps they told you that money’s bad, money’s for the rich, that other people have success and we don’t, that we’re the working class and will never be anything else, or that the rich have knowledge that you don’t or ever will.
That negative belief system can be crippling.
It’s one that has held back Craig.
He’s slowly overcoming it, but let me tell you, the anti-abundance chains can be a heavy, heavy weight.
Our childhood experiences shape us, and they shackle us.
You might know the feeling.
There are other pains from the past that can keep us in a mental prison.
You might have been on the receiving end of a cruel comment from a schoolteacher.
Or you might have been abused like I was as a little boy.
Bad things happened to me when I was just a 4-year old kid in Armenia before our family immigrated to America.
Because of this trauma, I found a million reasons in my life to fail at things.
I failed at things on purpose.
Procrastination was one of my bad habits ten years ago before I released the brake.
I’d have a good idea and set aside for “the future,” and then never get around to it.
I went broke in my first business, an online supplement company because I didn’t feel deserving of success.
I didn’t believe that anybody would even want to hear from me.
But the truth of the matter is I had the knowledge to help people and yet I was too afraid to share it.
I pulled my punches.
I threw that fight.
It took years for me to get over it.
But eventually, when I started to work on my personal development, changing my belief systems and cutting out the negative people in my life, I was finally able to break free.
I gave myself permission to succeed.
The time had come to stop holding back, to go out and add massive value to the world, to be an evangelical believer in the message I am here to share.
That’s how I dropped the E-brake.
If you’re like I once was, you need to change.
When you drop the E-brake, ideas flow to you and all of a sudden you magically have the courage to take action and overcome the bad habit of procrastination once and for all.
Listen, you have an obligation to get your solution in the hands of as many people as you can so that you can make a change in their lives.
That is how you will free yourself — by first believing in yourself, and then giving of yourself to the world.
It’s the message that I’ve told Craig over and over again, and I can see him believing in it now more than ever.
And let me tell you, he’s a great student.
Everything I instruct him to do, he does.
He takes action.
He works on the skills he needs to improve.
He practices his presentations more than ever.
He asks for feedback.
More important, he is man enough to accept the constructive criticism and then goes back to work on his weaknesses.
And you can too.
Release the brakes.
It all starts with the belief you have a unique gift to share with the world.
And then you need to take massive action.
You don’t need more education.
You just need to take what you know and do it.
You just need to roll up your sleeves and get your hands dirty.
Add your value. Sell your message. Do the work.
Get feedback. Fail forward.
And do it again and again.
Each time you do, the E-brake will drop lower and lower…
…And you’ll go faster and faster.
This approach to life is working for Craig, it worked for me, and it will work for you, too.
About the Author: Bedros Keuilian is the embodiment of the American Dream. Arriving in the United States from the communist Soviet Union back in 1980, his family went from being broke to eventually adding value to their new community. Today, Bedros helps over 45,000 fitness experts grow their businesses. Bedros knows the American Dream is NOT dead, because he is living it right now.