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, MoneyWeek magazine, and his daily financial column Bill Bonner's Diary.
Video Bill Bonner (author)
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. 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.
Maps Bill Bonner (author)
Bonner's Companies
Bill Bonner owns and runs more than a dozen companies most of which preach financial doom and gloom on the internet. These companies include Agora Inc., Agora Financial, Bonner & Partners, Contrarian Finance, Stansberry Research, Insiders Strategy Group, Laissez Faire Books, Money Map Press, NewMarket Health, OmniVista Health, Opportunity Travel, Institute for Natural Healing, Oxford Club, Stansberry & Associates Investment Research, The Daily Reckoning, and Banyan Hill.
Bonner's Companies Advertisements
Some of Bonner's companies advertisements claim that by investing $10,000 a person can quickly earn over $600,000.
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).
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.
Complaints about Bill Bonners Companies
There are dozens of complaints and articles warning about Bill Bonner's Companies, Agora Financial and their various publications. Many people have complained that Agora refuses to give promised refunds and makes false claims about how much money you can make using their systems.
Better Business Bureau review of Agora Financial LLC
Better Business Bureau of Baltimore has this on their website about Agora Financial LLC:
PATTERN OF COMPLAINTS As of May 2017, BBB files indicate that this business has a pattern of complaints concerning:
- Advertising Issues (Consumers were not aware that they were signing up for a subscription)
- Customer Service Issues (Consumers tried to cancel or did cancel the subscription but were subsequently still charged for said subscription.)
- Billing or collection Issues (Consumers were not aware of the negative option automatic renewal feature of the subscription.)
The Baltimore Better Business Bureau has received 77 comments about Agoria Financial LLC and 67 of those comments are negative giving Agora Financial LLC a 87% negative rating.
Yelp Reviews of Agora Financial
Every reviewer of Agora Financial in Yelp has given this company a one star rating out of five. Comments include:
Primary method of marketing is is HARASSING PROSPECTS. This company has contacted me 34 times since June 26. I have never made contact with them or asked that they contact me.To their credit they have managed to achieve a solid 2 star google review (based on 28 reviews). One client even gave them a 5-star review because Agora refunded his money when he notified them that they charged him for a newsletter he didn't subscribe to.
the worst company i've ever dealt with in my 70 years. I asked a question that should have been easily answered as it is their business. Did not get an answer. I was inundated with advertisements to purchase more publications after it was stated that I was a lifetime member for all their information. True it was their parent company sending me more information, but it was on the same subjects I thought I purchased already. I get so many emails for purchasing other things that I can't read and sort through them to see what they are before I get another. I am too busy for their BS money grabbing ads.
Better Business Bureau review of Bonner and Associates
Better Business Bureau review of Bonner and Associates by Delray Beach BBB. Bonner and Associates has a two star rating out of five stars.
SCAM ALERT: Beware Bill Bonner Bogus Bulletins by San Diego Consumers Action Network
The San Diego Consumers Action Network has a number of articles warning about Bill Bonner's numerous publications.
You've probably never heard of Bill Bonner, but you HAVE heard of his many publications and bulletins that litter the Internet: Agora Financial, Common Sense Publishing, Insiders Strategy Group, Laissez Faire Books, Money Map Press, NewMarket Health, OmniVista Health, Opportunity Travel, Institute for Natural Healing, Oxford Club, Stansberry & Associates Investment Research, The Daily Reckoning, Banyan Hill. These are all variations on investment schemes that promote expensive and risky investment propositions. Here's some common sense advice: avoid these "financial advisers". Before you do give your hard earned money to any of these bulletins, we urge you to get to know Bill Bonner.
We've written blogs on some of the specific publications: Stansberry, Palm Beach Newsletter and Laissez Faire. They are all highly disreputable and share a bias towards heavy Internet marketing, abusive email practices and preying upon seniors looking for higher returns on their investments. They propound scare tactics but don't propose solutions to the people who would benefit most from real help. They have been overtly supportive of Donald Trump and rely upon strongly worded ad-hominem attacks on Barack Obama -- most of them unfounded. In fact, Bill Bonner wrote an article where he said Trump would literally be one of the greatest presidents ever. These publications offer an overriding investment policy based upon a belief that the United States government is making it extremely difficult for people to act as "sovereign" over themselves, with all of the taxes they push on people and the regulations regarding investments.
They've taken millions of dollars from consumers by selling "biblical" cancer cures and fear of apocalyptic market meltdowns. They especially target seniors, many of whom are extremely susceptible to scare mongering. Are they scams? Probably, but they walk a fine line. Bonner recognized well before Donald Trump that paranoid populism can be sold with the trappings of prestige.
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
External links
- Bill Bonner bio
- How SDCAN (San Diego Consumer Action Network)Took On Bonner Publishing And Won!
- ALERT: Stansberry Research Spews Dubious Investment Advice - San Diego Consumers Action Network - www.sandiegocan.org - May 20, 2014
Source of article : Wikipedia
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