Bill Bonner (author)

Bill Bonner is an American author of books and articles on economic and financial subjects. He is the founder and president of Agora, Inc., as well as a co-founder of Bonner & Partners publishing. Bonner has written articles for the news and opinion blog LewRockwell.com,[1] MoneyWeek magazine, and his daily financial column Bill Bonner's Diary.[2]

Works

Bonner co-authored Financial Reckoning Day: Surviving The Soft Depression of The 21st Century and Empire of Debt with Addison Wiggin. He also co-authored Mobs, Messiahs and Markets with Lila Rajiva. The latter publication won the GetAbstract International Book Award for 2008.[3] He has previously co-authored two short pamphlets with British media historian, John Campbell, and with The Times former editor, Lord William Rees-Mogg, and has co-edited a book of essays with intellectual historian, Pierre Lemieux.[4]

Advertisements

In June 2016, Bill Bonner, via his company Agora, Inc., paid for an advertisement on Reuters describing a new law that would not allow Americans to take money out of their own USA accounts. The ad reads: "New Law Cracks Down on Right to Use Cash. Americans are reporting problems taking their own money out of US banks." The advertisement features a photograph of President Barack Obama. The advertisement has been described as being deceptive, in that it does not cite the law to which it refers, which law is aimed at Americans transferring their assets to foreign banks in order to avoid paying taxes. This law is the Foreign Account Tax Compliance Act (FATCA).[5]

In his two financial books, as well as in The Daily Reckoning, Bonner has argued that the financial future of the United States is in peril because of various economic and demographic trends, not the least of which is America's large trade deficit. He claims that America's foreign policy exploits are tantamount to the establishment of an empire, and that the cost of maintaining such an empire could accelerate America's eventual decline. Bonner argues in his latest book that mob and mass delusions are part of the human condition.

Bonner warned in 2015 that the credit system, which has been the essential basis of the US economy since the 1950s, will inevitably fail, leading to catastrophic failure of the banking system.[6][7]

Biography

Bonner attended the University of New Mexico and Georgetown University Law School, and he began work with Jim Davidson, at the National Taxpayers Union.

References

  1. ↑ Lew Rockwell: Bill Bonner
  2. ↑ Bill Bonner's Diary
  3. ↑ "getAbstract International Book Award".
  4. ↑ Bonner, Bill; Lemieux, Pierre (2003). The Idea of America. Agora Health Books. ISBN 1891434136.
  5. ↑ Sahadi, Jeanne (June 4, 2015). "You've never seen IRS penalties like these". CNNMoney. Retrieved 2016-08-01.
  6. ↑ "Bill Bonner: hold on to your cash, the real financial crisis is yet to come". MoneyWeek. March 3, 2015.
  7. ↑ Wiggins, Addison (June 29, 2015). "When Genius Fails Again". Forbes. Retrieved December 1, 2016.

External links


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