Dice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas
Right now, Congress, the Fed, and the Treasury are all gambling with your future and you money. And it’s contagious. Economies around the globe are suffering from the biggest multitrillion-dollar bets ever wagered on big governments and miraculous financial interventions in pretend “free markets.”One man saw it all coming and told his readers well in advance of today’s crisis. Bill Bonner reports on the true health and well-being of the world’s largest economy to over half a million readers each day inThe Daily Reckoning. His newsletter is to the mainstream financial press what the Gnostic Gospels are to the King James Bible.Back in 2000, Bill Bonner sounded like a prophet crying in the wilderness. While everyone scrambled to purchase shares of the latest and hottest dot-com, Bill announced his Trade of the Decade: Sell dollars, buy gold. Back in 2000, you could get an ounce for around $264. Today, you could pay as much as $1,400 for that same ounce. Finally, some of Bonner’s best pronouncements, predictions, and profitable analysis are collected in one place.Dice Have No Memorygathers Bonner’s richest insights from August 1999 through November 2010 to form a chronological narrative of economics in America.Here’s a fraction of what you’ll find inside: