| By Bill Bonner Wednesday, December 2, 2020 “I f**king hate that guy.” – Neera Tanden, nominee for the role of director of the Office of Management and Budget in the Biden administration WEST RIVER, MARYLAND – When the reality TV star moved into the White House, we opined that the common narrative was phony. Mr. Trump pretended to represent “conservatives” against the “liberals.” But there was never anything conservative about The Donald. He spent the next four years proving it. No Help to Give Now, we have an equal and opposite scam. The Democrats no longer represent the working classes… the poor… the downtrodden… or the “victims” – women, minorities, cripples, half-wits, and so forth. Both political parties are controlled by two wings of the same group. They represent neither conservatives nor liberals. Instead, they represent themselves – a corrupt and degenerate American elite. For proof… today, as promised, we take a look at the Biden team. Here’s MarketWatch: “Help is on the way,” says Biden as he introduces Yellen and more economic team members President-elect Joe Biden called times “tough” for millions of Americans as he introduced his economic team on Tuesday, but said its members would get to work to “create a recovery for all.” We don’t have to remind our dear, long-suffering, readers that the feds have no help to give. Every penny they spend must come from the American people themselves. And since they know they will lose power if they raise taxes, all they can do is print more fake money – the very thing that is already destroying the real economy. So any “recovery” that happens will come in spite of the Biden team, not because of it. | Recommended Link | | Could this be what drives gold to $10,000/oz? The price of gold could reach over $10,000/oz, according to a recent forecast by investor and analyst Tom Dyson. Tom cited record expansion in U.S. government debt ($27 trillion and counting), and there will be at least $1.8 trillion in NEW deficits in 2021, according to the Congressional Budget Office. Is he right? The United States government revalued its official gold holdings twice in the last century. FDR did it in 1933, from $20.67 to $35 — a 69% increase overnight. Under Nixon, gold was again “revalued” to $42.22 an ounce. That’s its official price today — $1,800 less than the market price of gold. Tom believes a monetary “reset” may see the government again “revalue” its gold holdings at a much higher price. It is the One Big Opportunity you may have to make money in 2021. And it could help you avoid the One Big Threat headed your way. | | | -- | Divisive Appointments But real help is not on offer anyway. What is coming is another giant fraud… led by a team of hacks, has-beens, incompetents, know-nothings, and grifters. Take Janet Yellen, for example. She is an academic economist with no apparent knowledge of how real economies or markets actually work. Here’s what Reuters reported on June 27, 2017: U.S. Federal Reserve Chair Janet Yellen said on Tuesday that she does not believe that there will be another financial crisis for at least as long as she lives, thanks largely to reforms of the banking system since the 2007-09 crash. Ms. Yellen completely misunderstood the mortgage finance crisis. She believed it had nothing to do with the Federal Reserve’s fake money and fake interest rates. And she thought future crises could be avoided by changing bank regulations. Obviously, she has no idea what she is doing. But since she showed herself willing to go along with the elite’s flimflam… and finance it with printing-press money… she will have no trouble being approved by the Senate. Assisting her (if approved) will be Neera Tanden at the Office of Management and Budget. Scheerpost’s Glenn Greenwald comments: The announcement that Joe Biden intends to nominate Neera Tanden as his Director of the Office of Management and Budget – a critical position overseeing U.S. economic and regulatory policy – triggered a wide range of mockery, indignation and disgust from both the left and the right. That should not be surprising: though a thoroughly mediocre and ordinary D.C. swamp creature from the perspective of both ideology and competence, Tanden’s uniquely unhinged, venomous, corrupt and pathologically dishonest conduct as a Clinton Family and DNC apparatchik and President of the corporatist-and-despot-funded Center for American Progress (CAP) has earned her a list of enemies far longer and more impressive than her accomplishments. But why appoint such a divisive person? What is the "1170" Investment Account? Diversity, Not Competence Mr. Biden has pledged that his inner circle will be more “diverse.” “It will look,” he says, “like America itself.” There will be plenty of women, he assures us… and “people of color,” too. Ms. Tanden is a “two-fer”… Her parents are immigrants from India. She is also, by many accounts, not a very nice person. Perhaps that, too, should count as “diversity?” A diverse group inevitably includes a jerk or two. Ms. Tanden knows nothing about economics. That puts her squarely in the mainstream. Besides, ignorance is a job requirement in a corrupt and hell-bent empire. Anyone with any real brains might try to turn the bus around… or, at least, slow it down. Cecilia Rouse, Biden’s choice to head the Council of Economic Advisers, is another two-fer. Like Ms. Yellen, she is an academic economist well versed in school politics. And there’s Adewale “Wally” Adeyemo, who will join Ms. Yellen as deputy Treasury Secretary. He intends to remake the economy so that it gives “people a shot when they need it most.” He said that was a “lesson I learned from my parents.” What the heck that means, in terms of economic policy, we have no idea. Like Tanden, Adeyemo is a lawyer, as innocent about free market economics as a tree toad about the Theory of Evolution. Diversity – not competence – is the name of the game now. | Recommended Link | | Urgent briefing about China's next move This is urgent. China's communist government is now targeting Americans directly. What they plan to do next should have everyone worried… Coronavirus deaths will pale in comparison to the results of this sinister act. Every American needs to watch this urgent briefing to learn more about this shocking situation… and find out how to prepare. | | | -- | Foolish Goal But wait… Is this really diverse? Not a chance. Nearly half the voters pulled the lever for Donald Trump, but there will be no red hats in the group. A third of the population is obese. But there will be no really fat people in the Biden team. According to a poll conducted this summer, 56% of Americans believe the country is “racist.” Who represents the racists in the Biden bunch? Half the American population has an IQ below 100. While there will be plenty of dumbbells in the executive line-up… few will have IQs below the 100 mark. “Diversity” is a foolish goal. Would Japanese restaurants serve better sushi if they had more Italian chefs? Would the Supreme Court function better with more retarded, dyslexic, psychopathic, and insane members? Why should we care if the pastry chef is a man or a woman? It’s the croissants we care about. Would we really want a “diversity” dentist to drill our teeth? Do we want blind bus drivers… illiterate editors… or midget basketball players – just for diversity’s sake? Viral: 1.3 Million Folks have Already Seen This Message. A Cabal of Insiders But “diversity” is just part of the scam. That is, by choosing women and “people of color,” Joe Biden is able to pretend that he represents the “victim” classes… without actually giving a damn about them. The “of color” tag is especially helpful in this regard. It allows people who have spent their whole lives on the fast track – best schools, best jobs, best parties – to pass as underdogs! Tanden and Adeyemo, for example, both went to Yale Law School. The whole thing is a fraud. Mr. Biden’s hand-picked henchmen are all cut from the same crooked lumber – the smart, slim, rich, conniving Deep State elite. They all think the same thing. They will all want the same things, too – power and money. Let’s look again at Ms. Tanden. Here’s TIME: The embodiment of a Washington insider and personification of its nerdocracy […] A player in Democratic politics for decades – she started out by volunteering for Mike Dukakis’ 1988 presidential bid – Tanden’s Rolodex rivals almost everyone else’s. Her steel-trap brain seldom forgets a footnote or a slight. When her critics have dismissed the 50-year-old insider as a lightweight, they have been proven wrong in short order. | Recommended Link | | Latest Bank Scandal (footage) This is outrageous! On page 37 of one of President Trump’s recent financial disclosures… there it was… A stunning line that proved what some consider a “theft” of as much as $4.3 million by one of America’s largest banks. Now, you may not have billions to your name. But here’s what matters… Almost ALL Americans are falling victim to this same “robbery.” In fact, if you have $10,000 in a big bank… Bank of America… Wells Fargo… Chase… Capital One… or others… You’re likely being “taken for a ride” to the tune of almost $1,000 a year… Find out all the details about what’s going on in this video. | | | -- | Right at Home In years past, a new president brought a new team. With Reagan, for example, came his trusted Californians. Carter brought in new blood from the South. Even Donald Trump brought Scaramucci, Giuliani, and other reprobates from New York. But Mr. Biden’s team will need no U-Hauls. They’re already at home in Bethesda or McLean. And they’ve lived in The Swamp so long, they’ve developed webbed feet. Today, we looked at Biden’s economic team. Tomorrow, we’ll look at his foreign policy team. Stay tuned… Regards, Bill
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Postcards From the Fringe editor Tom Dyson has been tracking the evolution of falling interest rates, explaining why they are harmful to the American economy. Now, he unearths a possible new trend: negative interest rates. Here’s what that would mean for your wealth… An Exclusive Preview of Doug Casey’s Latest Novel: Assassin
Longtime Diary readers know Bill is a friend and close colleague of Casey Research founder Doug Casey. Doug has been writing a novel series about complex societal and economic issues, and recently released his third book. Click here for an inside look at his latest work… MAILBAG On dear readers’ minds today: Donald Trump… and COVID-19… You’re missing the reality of Trump – he’s a wrecking ball sent to tear down the very broken, irreparable system. – Jac M. It is crystal clear that Mr. Bonner is not a Trump fan. But comparing him to those undesirables and sharks that President Trump has been fighting for the last four years, accusing him of the very thing they were doing, is insulting at best! Trump is a patriot; the rest are opportunists and thieves, living for a half century, some, at the expense of the middle American workers. – Maria M. As a physician (and specialist in infectious diseases and immunology), it always surprises me that patients and doctors alike leave common sense at the door when it comes to medicine. With regards to the usefulness of face masks in stopping the spread of viruses, that study you referred to in Denmark made, indeed, no sense. Face masks (and gowns and gloves) are not used by surgeons to protect themselves, but to protect the wound of the patient from becoming infected! In the past, surgeons used to wear no such protections and never got sick. Most surgical patients, however, got infected. (By the way, it was a lady nurse, not a doctor, who, during the Civil War, started using protection and antiseptics on wounds.)
Face masks protect OTHER people from you, in case you are a virus carrier! So, they only work if everybody in one surrounding area wears them. If over 100 people are in one closed-in space and all wear a mask, except that one does not, and by bad luck, he is a COVID-19 virus carrier, all 99 others might still get sick! – Alan V. Is everyone in government simply a thief or an opportunist, as Maria believes? Has the medical field left common sense at the door, like Alan says? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Hidden Time Bomb in Your Brokerage Account? If you have a brokerage account… You might want to check it now… There’s a massive problem hitting investors everywhere. It’s called “Tech Lag.” And it could be holding back your profits. Click here to find out why you could be making as much as 55 TIMES LESS – on the same tech stocks… 
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