Bill Bonner: Cash Shortage to Hit U.S.
When it happens, there won’t be any warning. Multi-millionaire Bill Bonner has been tracking a fatal flaw with the U.S. economy that could sneak up on Americans who are unprepared.
Around 35 years ago, I assembled a group of analysts – including the former head of the BBC, and an Oxford scholar… to research, expose, and even predict massive world shifts.
In 1987, we predicted that the Soviet Union would collapse. A few years later, that’s exactly what happened.
In 1989, I was personally mocked for predicting that the Japanese stock market would crash. We wrote, “The long-running bull market in Tokyo may be nearing an end.” Months later, the Japanese stock market crashed. It has never recovered.
In 1993, we predicted the rise of Muslim terrorism, writing “especially troubling for many in the West will be the rise of Islam. This could be the biggest threat to world peace in the next two decades. The bomb at New York’s World Trade Center is just a small taste of what’s to come.”
Eight years later the September 11 attacks hit the World Trade Center again.
In 2000, I sent out a note warning that a “day of reckoning” was at hand for the dot-com boom. That very day the NASDAQ began a two-year, 77% decline.
And recently we predicted the crash of the housing bubble in 2008, along with lenders Fannie Mae and Freddie Mac.
Our success has allowed my once small group to grow into the largest underground research network on the planet, with 2.4 million private subscribers… According to the Alliance for Audited Media, we reach more people than the New York Times or the Wall Street Journal.
The FBI and CIA have even approached us for help on matters of national security.
But I don’t bring this up to brag.
I’m here because I think we’re about to see a sixth major shock…
One more important than anything my firm has yet dealt with… rivaling and even surpassing the fall of the Soviet Union.
Except that this time it won’t be happening halfway around the world. We won’t be watching it on CNN or Fox News from the comfort of our living rooms.
The epicenter of the next great world shift will be right here in America.
Now, I must warn you that some of the facts I’m about to tell you may seem incredible.
Yet, they are all true.
“In our view, the Japanese stock market is one of the two most overvalued markets in the world. The long-running bull market in Tokyo may be nearing an end.”
And I’m not about to ask you to sign up for some stock trading service. I’m not going to try to sell you some survival kit. Or ask you for a political donation… or even get you to sign a petition.
I’m just going to tell you what I’ve discovered. You can decide for yourself how seriously you want to take this threat.
I’m also going to tell you what my friends and I are doing to prepare ourselves.
And what you can do… for yourself, your family, and your wealth… as we enter an unprecedented moment in American history.
Let me explain…
For the entire time that I’ve been working alongside PhDs, analysts, political operatives, and journalists to track and predict the greatest shifts of our time…
I’ve been watching a single trend take shape.
For 35 years I’ve been studying it.
In 1993 we warned that it would eventually meet a disturbing conclusion.
And today I think that’s exactly what’s about to happen.
In fact, we’ve recently passed what I believe to be a point of no return, which means that a crisis is now inevitable and unstoppable.
It will start small.
Maybe you’ll try to get money out of the ATM one day and find that it isn’t working…
Maybe you’ll be at a restaurant with your wife and when the check comes your credit card will be denied…
You’ll call your bank. You’ll get a prerecorded message from some government agency you don’t recognize.
As I said, it will start small.
But it will spread to our food supply chain… our gas stations… our banks… our government…
Prices will swing wildly from one day to the next… investments will be impossible to sell… Social Security checks will pile up uncashed on your kitchen table… potential home buyers will walk away… And one by one every service you and I and every other American has come to rely on will shut down… paralyzing our country… and changing the course of this nation’s history.
I realize that must sound unbelievable…
But understand that I’ve made predictions like this in the past.
I’ve been doubted before. I’ve even come to expect it.
Even when I’m right.
For instance, back in the late 1980s, I became convinced that the Japanese stock market was about to crash.
At that time, the Japanese had just bought New York City’s Rockefeller Center for $846 million. They had also bought Columbia Pictures for $4.4 billion.
And American tire maker, Firestone, was also suddenly a Japanese company.
They were selling more cars than we were. They were making better computers and TVs. On the face of it, it was crazy to bet against them…