| By Bill Bonner Wednesday, January 27, 2021 WEST RIVER, MARYLAND – Dear Donald… So sorry to hear how it turned out – the whole MAGA thing… People have no sense of gratitude, do they? We heard that when you got back to Mar-a-Lago in Florida last week… you were greeted by signs towed behind an airplane. “TRUMP WORST PRESIDENT EVER,” one banner read… While another said, “TRUMP YOU PATHETIC LOSER GO BACK TO MOSCOW.” What kind of way is that to treat an aging patriot? Must be depressing, huh? | Recommended Link | | Tonight, We Make History Tonight, at 8 p.m. ET, you have the chance to make history. During a massive livestream event… Multi-millionaire (and former hedge fund manager) Teeka Tiwari is detailing his first-ever IPO tech deal recommendation. He believes this could be the #1 wealth-building opportunity of 2021. Already, three major venture capitalists have invested in this tiny tech company. And you can, too. RSVP now to attend the event for free and get the details on Teeka’s first-ever IPO tech deal recommendation. ***You must RSVP to attend. Click the link below to automatically add your email address to the guest list and unlock a special event gift: Teeka’s IPO Masterclass (A $500 value, yours free).*** | | | -- | Fake News Word on the street is that the staff has locked up the guns and put all sharp objects out of reach. Probably fake news. Also probably fake news is this from Newsweek: Donald Trump May Struggle to Pay Back His Empire’s Spiraling Debt Experts say that former U.S. President Donald Trump may find it difficult to pay back the mountain of debt his empire owes over the next four years, with revenues of some of his key businesses plunging amid the coronavirus pandemic and his reputation bruised by two impeachments. And here’s The Washington Post piling on: Donald Trump returns to his company this week as it faces a deepening crisis, with key properties bleeding revenue and its bankers, lawyers and customers fleeing the company. Financial disclosure forms, filed by the former president as he left office, revealed that his hotels, resorts and other properties had lost more than $120 million in revenue last year, as the pandemic forced long-term closures and kept customers home. Those losses were worst in the places where Trump could least afford it: His Washington hotel, which has a $170 million loan outstanding, saw revenue drop more than 60 percent. His Doral resort in Miami – also carrying a huge debt load – saw a 44 percent drop. On Thursday, the company’s troubles grew: One of its banks and one of its law firms said they would cut their ties with the Trump Organization. They are the latest in a string of vendors and customers who severed their relationships with the company after Jan. 6, when a mob of Trump supporters attacked the U.S. Capitol directly after he addressed them at a rally. It must be tough being a pariah. [Featured: Stock Options are DEAD! "Penny Trades" have WON…] Count on Us The fake news media is accusing you of all kinds of things now. But you can count on us; we’re not falling for it. We’ve heard you say a lot of dumb things over the years, but we never heard anything that sounded like you were a “white supremacist.” And we don’t hold you responsible for the COVID-19 death toll. What do they think you are, a miracle worker? Besides, the United Kingdom has even more coronavirus victims per million. Why aren’t they talking about that? As for the folks breaking into the Capitol… well… how were you supposed to know your audience was full of half-wits? And now, they’re on your case about that, too… | Recommended Link | | Venture Capital's Biggest Bet for 2021 Venture capital investment in biotechnology just hit the highest levels in history. Forbes is calling it “a record-breaking funding tsunami.” That’s already delivering record-breaking profits… A PayPal founder pocketed $1.4 billion by backing one biotech. The original investors in Apple cashed-in on three (3!) billion-dollar biotech deals. And one biotech just made Jeff Bezos $4.1 billion richer Former Fortune 500 tech executive Jeff Brown has created this presentation to explain why. It reveals how a controversial move by the FDA made investing in biotech more lucrative than ever… How it pumped $1.2 trillion into the sector… And one company he believes will profit the most as this FDA move continues to flood biotech with trillions more. | | | -- | Nationwide Manhunt Yes, a nationwide dragnet is underway… for your biggest supporters. From The Wall Street Journal… FBI field offices from Arizona to New York have fanned out to make arrests, search homes and interview witnesses, family members and associates. Homeland security agents and local law enforcement have also taken part in the investigation, according to the filings and people involved. “The scope and scale of this investigation and these cases are unprecedented not only in FBI history, but probably DOJ history,” said Michael Sherwin, acting U.S. attorney for the District of Columbia, which is overseeing the prosecutions. Prosecutors will also be looking for people who want to cooperate. Driving into Baltimore yesterday, we passed three – 3! – billboards urging us to snitch on our friends and neighbors. “Seeking Information” they said… “Call 1-800-CALL-FBI.” [Featured: This one stock could be a game changer for you] It looks like this “domestic terrorism” hustle is going forward. They are trying to enroll the whole population into an army of tattletales. And according to ABC News, the shock-and-awe campaign is working: Teen speaks out after alerting FBI about father’s alleged role in US Capitol siege A Texas teenager who alerted federal authorities about his father’s alleged role in the Jan. 6 siege on the U.S. Capitol says he wants others to know that “it’s OK to come forward.” Ok? It’s better than okay. To hear the press tell it, turning in your own father is a heroic act of patriotism… like the FBI agents who encouraged Muslims to commit acts of “terrorism” so they could arrest them… or the Soviet school children who were urged to report their parents for “counter-revolutionary views.” And, Donald, we hope you’re not hiding any of these desperadoes in your attic. Fake Conservatism But we just wanted to write to say that the only thing we blame you for is that you ran for president as a “conservative” Republican and not a liberal Democrat. You were a Democrat for most of your life. And your programs were more in line with the liberal Democrat agenda. After all, you’ve always been a Big Government kind of guy. You promised to balance the budget and drain the Swamp. But then you ran the biggest deficits in history… added debt faster than anyone ever had… and “printed” beaucoup dollars to cover it. And where did you think all that new money would go? Into the Swamp, of course. Not only did you stab real conservatives in the back with your fake conservativism, you also gave Big Government Democrats a whole new way to exterminate them. If you’d called yourself what you really are – a big-government, big-spending, big-jackass Democrat – it might be the Democrats who were hiding in attics. Instead, thanks to you, they control both houses of Congress and the White House, too. And when they want to show the world how awful conservatives are, all they have to do is hold up your photo… along with a photo of that goofy guy in horns. And if they get any pushback from a few conservative survivors, their “war on domestic terrorism” should finish them off. End Result And now, with no meaningful opposition, the government-as-the-solution-to-every-problem crowd is running wild… Joe Biden signed 30 “executive orders” in his first three days in office. Spending proposals are “off the charts.” They think they can run up trillions in new debt… forgive student debt… delay rent payments… and pass out stimmy checks every month. You know where this leads. Well… maybe you don’t. But we do. It’s sure to result in bigger government, a deeper Swamp, less freedom to do what you want or say what you think… …and eventually, in a full-blown national disaster. Donald, you really messed up. Sincerely, Bill
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MAILBAG In Friday’s Diary, “Incompetent Morons,” Bill compared America’s last four presidents to the final leaders of the Roman Empire, who unknowingly caused their empire’s demise. Dear readers weigh in... Reminds me of what C.S. Lewis said about justice, divorced from the moorings of what is deserved. Make justice about anything else (deterrence is a favorite), and the “penologists” need only manufacture the circumstances to be used in their “ends justify the means” scenario. – K David P. From my perspective, what the newly elected USA government ought to do to cement democracy is to learn from past mistakes. And then it should begin implementing all needed domestic and foreign policies based on trust and good faith, while setting new paradigms for government and leadership that permit the USA to regain the worldwide respect and consideration needed to maintain its standing as a world power. For that, America needs to have not only wise and firm leaders, but also sound economists. – Miguel M. Meanwhile, another shares what he thinks is expected of a government... Bill, you have written much about government over the years. I think it is all summarized in a maxim I created many years ago. To wit...The first responsibility of a government is to ensure its own survival and, if possible, the survival of its patrons. This applies to governments both small and large. – Tom C. Is a government’s job to ensure its survival, as Tom says? Do the ends ever justify the means? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… See this envelope? Inside is the name of a single stock. On the surface, this stock’s not particularly special. And yet, for several years now, Jeff Clark has shown regular folks how to use it to potentially rake in thousands of dollars month after month – no matter what’s happening in the market. For a limited time, he’s sharing his secret. And he’s even giving away the name of this stock, completely FREE. Get the details here. 
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