From Bill Bonner, Chairman, Bonner & Partners:
BALTIMORE – Today, we look at the biggest threat to Mr. Trump’s presidency.
So far, we have been delighted with the election of Mr. Trump. Not because we have any confidence in, or affection for, the man.
But he claims to be a disrupter. And this is an economy that badly needs disrupting. We want to see what happens.
So, let’s begin by looking halfway around the world, where a dear reader updates us on India’s recent attempt to curtail cash:
My daughter is in India for a wedding and has personally been impacted by the lack of cash. ATM lines for five to six hours to get out the equivalent of about $20. No taxis because no one has any money. Hotels don’t have money either. Things have ground to a complete halt.
Not interested in India?
But this story is