Bumpy, Lumpy and Slumpy

 

The inability of democratic assemblies to carry out what seems to be a clear mandate of the people will inevitably cause dissatisfaction with democratic institutions. Parliaments come to be regarded as ineffective “talking shops,” unable or incompetent to carry out the tasks for which they have been chosen. The conviction grows that if efficient planning is to be done, the direction must be “taken out of politics” and placed in the hands of experts – permanent officials or independent autonomous bodies.

— Friedrich Hayek

 

hayekF. A. Hayek among his students at the London School of Economics in 1948

Photo credit: Getty Images

 

AIKEN, South Carolina – Last night, we sat on the porch of the old Willcox Hotel. The sky was clear. The temperature was perfect. The sun sank in the West… just as it should. But today, we’re leaving town. Saying goodbye to Aiken. Probably not a moment too soon. We’ve heard the local sheriff has collected a posse of architects and is looking for us…

 

Architect warLeft: police photograph of a secret architect weapons cache; right: depiction of a scene from the today largely forgotten Architect’s War of 1453.

 

U.S. stocks were flat yesterday. But the world was bumpy, lumpy, and slumpy. No matter. We’re going to look on the bright side. The cup is half full! The news is full of commentary on the U.S. presidential primaries.

We watch like a prairie dog staring at a train crash: We have no idea of what is going on, but we can’t take our eyes off it. The smoke. The twisted metal. The luggage and bodies flying through the air.

The Great Hope of the Republican Establishment was junior Florida senator Marco Rubio. But now, poor Rubio is trailing frontrunner Donald Trump by 20 points in his home state.

This comes after, in the March 6 debate, New Jersey governor Chris Christie ripped Rubio apart. In front of the world, he exposed the simple gears of a puppet, mindlessly mouthing his lines as if they were on a cue card.

But a puppet for whom? Who is pulling the strings?

 

20160311-dre02A photograph submitted by a Diary reader…

 

Zombies vs. Cronies

U.S. elections used to be simpler. They were battles between zombies and cronies. Traditionally, Democrats represent the zombies – the little guys who want more little payoffs and bribes.

Republicans are supposed to represent the cronies – fewer in number but with more money – looking for tax breaks, contracts, subsidies, and ways to keep the zombies in their place…

For Republicans, government was a devil at home but an angel abroad. For Democrats, it was the other way around. In their minds, the feds did nothing but good at home; it was abroad that they made a mess of things.

But politics is fluid. Both parties appeal to popular myths in an effort to lock-in the marginal voter. They move around, like wrestlers circling each other… each looking for an opportunity to get a purchase on his opponent.

Gay rights? Prayer in school? Abortion on demand? Voters get worked up – convinced that they and they alone must have the one indisputable last word on the subject.

 

Shadow Government

And while the cultural conservatives were at war with the cultural liberals… the Deep State grew. It didn’t matter which party was in power… more and more of our lives, and our money, came under the control of the insiders, the permanent government that actually runs things – the “shadow government” that rules no matter who is in power.

The zombies get more food stamps, drugs, and retirement benefits. The cronies get more special deals and favors… including the biggest scam in world history, a money system that shifts trillions in real wealth to the financial industry and its clients.

Today, it’s hard to tell the two parties apart. Hillary, the Democrat, seems to want to prove that she has the cojones to be president. Trump, the Republican, seems to want to draw in the working class by promising to stop competition from abroad.

The little guys are moving to Trump. The fat cats – especially on Wall Street – are casting their lot with Clinton. Go figure. But it’s still early. Anything could happen.

Clinton is plainly the most obvious choice of the Deep State insiders. She and her husband played a major role in helping it get where it is today. They support globalization, the Fed, Wall Street, and the Pentagon. Hillary can be counted on: If elected, she will deliver more of the same.

As for Donald Trump, no one is sure what he’ll do… probably not even The Donald himself.  Word on the street is that he may intend to shake things up. Donald Trump is apparently not in the Deep State’s pocket.

But if that is true, there are people – on the edges of the Internet – who worry that he may soon be in its sight. Around the World Wide Web, you’ll find comments such as: “Donald Trump better beef up his security. Or he’ll end up like JFK.”

 

body armor-1Recommended clothing to forestall JFK fate…

Image via beforeitsnews.com

 

Donald’s Biggest Deal

We don’t know. But we find it hard to imagine that The Donald hasn’t already made a deal with the “powers that be.” His career was forged in the white heat of the building trade – with mafia-run unions, along with banks and regulators in Las Vegas and New York hammering him.

He denies it. But he depends on all of them – the government, the banks, and the system of Bubble Finance – to keep his fortune intact. He knows how important they are. And he knows how they operate.

 

art of dealThe wheeler and dealer book…

 

Donald claims to be one of the greatest deal makers in history. It is hard to imagine that he hasn’t made the most important deal of his life.

 

Image captions by PT

 

The above article originally appeared at the Diary of a Rogue Economist, written for Bonner & Partners. Bill Bonner founded Agora, Inc in 1978. It has since grown into one of the largest independent newsletter publishing companies in the world. He has also written three New York Times bestselling books, Financial Reckoning Day, Empire of Debt and Mobs, Messiahs and Markets.

 

 
 

Emigrate While You Can... Learn More

 
 

 
 

Dear Readers!

You may have noticed that our so-called “semiannual” funding drive, which started sometime in the summer if memory serves, has seamlessly segued into the winter. In fact, the year is almost over! We assure you this is not merely evidence of our chutzpa; rather, it is indicative of the fact that ad income still needs to be supplemented in order to support upkeep of the site. Naturally, the traditional benefits that can be spontaneously triggered by donations to this site remain operative regardless of the season - ranging from a boost to general well-being/happiness (inter alia featuring improved sleep & appetite), children including you in their songs, up to the likely allotment of privileges in the afterlife, etc., etc., but the Christmas season is probably an especially propitious time to cross our palms with silver. A special thank you to all readers who have already chipped in, your generosity is greatly appreciated. Regardless of that, we are honored by everybody's readership and hope we have managed to add a little value to your life.

   

Bitcoin address: 1DRkVzUmkGaz9xAP81us86zzxh5VMEhNke

   
 

One Response to “Will Donald Trump End Up Like JFK?”

  • FreemonSandlewould:

    Bill Bonner’s copious breath spent on this is a tragedy for global warming. ( if it were not a hoax / scam )

    He does finally wind up with a final sentence that may be right: Trump may have already made a deal. But that’s a chance we have to take since given the others in the race……………..( you know the rest )

Your comment:

You must be logged in to post a comment.

Most read in the last 20 days:

  • Gold - Ready to Spring Another Surprise
      Sentiment Extremes Below is an update of a number of interesting data points related to the gold market. Whether “interesting” will become “meaningful” remains to be seen, as most of gold's fundamental drivers aren't yet bullishly aligned. One must keep in mind though that gold is very sensitive with respect to anticipating future developments in market liquidity and the reaction these will elicit from central banks. Often this involves very long lead times.   Blackbeard's...
  • Modi’s Great Leap Forward
      India’s Currency Ban – Part VIII India’s Prime Minister, Narendra Modi, announced on 8th November 2016 that Rs 500 (~$7.50) and Rs 1,000 (~$15) banknotes would no longer be legal tender. Linked are Part-I, Part-II, Part-III, Part-IV, Part-V, Part-VI and Part-VII, which provide updates on the demonetization saga and how Modi is acting as a catalyst to hasten the rapid degradation of India and what remains of its institutions.   India’s Pride and Joy   Indians are...
  • Global Recession and Other Visions for 2017
      Conjuring Up Visions Today’s a day for considering new hopes, new dreams, and new hallucinations.  The New Year is here, after all.  Now is the time to turn over a new leaf and start afresh. Naturally, 2017 will be the year you get exactly what’s coming to you. Both good and bad.  But what else will happen?   Image of a recently discarded vision... Image by Michael Del Mundo   Here we begin by closing our eyes and slowing our breath.  We let our mind...
  • The Great El Monte Public Pension Swindle
      Nowhere City California There are places in Southern California where, although the sun always shines, they haven’t seen a ray of light for over 50-years.  There’s a no man’s land of urban blight along Interstate 10, from East Los Angeles through the San Gabriel Valley, where cities you’ve never heard of and would never go to, are jumbled together like shipping containers on Terminal Island.  El Monte, California, is one of those places.   Advice dispensed on Interstate...
  • A Trade Deal Trump Cannot Improve
      Worst in Class BALTIMORE – People can believe whatever they want. But sooner or later, real life intervenes. We just like to see the looks on their faces when it does. By that measure, 2017 may be our best year ever. Rarely have so many people believed so many impossible things.   Alice laughed. "There's no use trying," she said: "one can't believe impossible things." "I daresay you haven't had much practice," said the Queen. "When I was your age, I always did it for...
  • Pope Francis Now International Monetary Guru
      Neo-Marxist Pope Francis Argues for Global Central Bank As the new year dawns, it seems the current occupant of St. Peter’s Chair will take on a new function which is outside the purview of the office that the Divine Founder of his institution had clearly mandated.   Neo-Papist transmogrification. We highly recommend the economic thought of one of Francis' storied predecessors, John Paul II, which we have written about on previous occasions. In “A Tale of Two Popes” and...
  • Where’s the Outrage?
      Blind to Crony Socialism Whenever a failed CEO is fired with a cushy payoff, the outrage is swift and voluminous.  The liberal press usually misrepresents this as a hypocritical “jobs for the boys” program within the capitalist class.  In reality, the payoffs are almost always contractual obligations, often for deferred compensation, that the companies vigorously try to avoid.  Believe me.  I’ve been on both sides of this kind of dispute (except, of course, for the “failed”...
  • Trump’s Trade Catastrophe?
      “Trade Cheaters” It is worse than “voodoo economics,” says former Treasury Secretary Larry Summers. It is the “economic equivalent of creationism.” Wait a minute -  Larry Summers is wrong about almost everything. Could he be right about this?   Larry Summers, the man who is usually wrong about almost everything. As we have always argued, the economy is much safer when he sleeps, so his tendency to fall asleep on all sorts of occasions should definitely be welcomed....
  • Money Creation and the Boom-Bust Cycle
      A Difference of Opinions In his various writings, Murray Rothbard argued that in a free market economy that operates on a gold standard, the creation of credit that is not fully backed up by gold (fractional-reserve banking) sets in motion the menace of the boom-bust cycle. In his The Case for 100 Percent Gold Dollar Rothbard wrote:   I therefore advocate as the soundest monetary system and the only one fully compatible with the free market and with the absence of force or fraud...
  • Silver’s Got Fundamentals - Precious Metals Supply-Demand Report
      Supply-Demand Fundamentals Improve Noticeably Last week was another short week, due to the New Year holiday. We look forward to getting back to our regularly scheduled market action.   Photo via thedailycoin.org   The prices of both metals moved up again this week. Something very noticeable is occurring in the supply and demand fundamentals. We will give an update on that, but first, here’s the graph of the metals’ prices.   Prices of gold and silver...
  • Trump’s Plan to Close the Trade Deficit with China
      Rags to Riches Jack Ma is an amiable fellow.  Back in 1994, while visiting the United States he decided to give that newfangled internet thing a whirl.  At a moment of peak inspiration, he executed his first search engine request by typing in the word beer.   Jack Ma, founder and CEO of Alibaba, China's largest e-commerce firm. Once he was a school teacher, but it turned out that he had enormous entrepreneurial talent and that the world of wheelers, dealers, movers and...
  • Side Notes, January 14 - Red Flags Over Goldman Sachs
      Red Flags Over Goldman Sachs Just to prove that I am an even-handed insulter, here is a rant about my former employer, Goldman Sachs. The scandal at 1MDB, the Malaysian sovereign wealth fund from which it appears that billions were stolen by politicians all the way up to the Prime Minister, continues to unfold.   The main players in the 1MDB scandal. Irony alert: apparently money siphoned off from 1MDB was used to inter alia finance Martin Scorcese's movie “The Wolf of...

Austrian Theory and Investment

Support Acting Man

Own physical gold and silver outside a bank

Archive

j9TJzzN

350x200

Realtime Charts

 

Gold in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Gold in EUR:

[Most Recent Quotes from www.kitco.com]

 


 

Silver in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Platinum in USD:

[Most Recent Quotes from www.kitco.com]

 


 

USD - Index:

[Most Recent USD from www.kitco.com]

 

THE GOLD CARTEL: Government Intervention on Gold, the Mega Bubble in Paper and What This Means for Your Future

 
Buy Silver Now!
 
Buy Gold Now!
 

Oilprice.com