| By Bill Bonner Wednesday, November 4, 2020 – Week 34 of the Quarantine Well, the people have spoken… the bastards. – Dick Tuck, candidate for California Senate, 1966 SAN MARTIN, ARGENTINA – Yippee! A third of the nation is on the edge of joy. Another third is on the edge of a high window – ready to leap. And the other third – the smartest of the lot – doesn’t give a damn. Here’s the bad news: Like it or not, someone will be named the winner in yesterday’s presidential election. As of this morning, we still don’t know who. Either way… the national nightmare begins. That’s why the Dow rose 552 points yesterday. Investors figured that after the election – no matter which way it went – the coast would be clear for more bi-partisan giveaways. More fake money, in other words, with more fake “growth”… more fake stock market gains… and more fake wealth. | Recommended Link | This Tiny Piece of Tech Could Destroy China's Entire Economy… The U.S. military, Google, Amazon, and Apple… have all joined forces to develop the most advanced "weapon" in history. And it's aimed straight at China. This modern-day "Manhattan Project" is worth a potential $15 trillion… And one small company's tech makes the whole thing go. | | | -- | More Debt And they’re probably right. Democrats are eager to put their man in office so they can wreck the economy with more federal spending and more debt. But they hardly need to bother. Donald Trump is doing a swell job already. Federal spending increased at a rate of $9 billion per month during the Obama years. Donald Trump increased it to $65 billion per month. And not even counting the first half of 2020 – in which COVID-19 caused a huge increase in government borrowing – federal debt rose at an average of $90 billion per month under Trump, compared to $76 billion per month under Obama. And once the election issue is resolved, one way or the other, debt will surely go up even faster. Don't Be Left Empty Handed — Why Banks Bought 1,300 Tons of Gold. Well-Worn Template Here at the Diary, we are sanguine. Zen. Que sera, sera. There is nothing we can do about it. The country is run by an elite of politicians, economists, grifters, poseurs, bureaucrats, Deep State apparatchiks, Swamp scum, academics, media influencers, and Wall Street insiders, who have become predatory. They get their power and wealth by counterfeiting money and giving most of it – besides the pittance to voters – to their friends, their clients, and themselves. The counterfeit money then destroys the real economy, which the vast majority of people in the country depend on, leading to many long faces and short tempers. This road is well traveled… and well paved, with good intentions and bad. The deciders are corrupted by power and money… They spend too much… They print money to cover their excess spending… The economy goes to Hell… The natives get restless. One generation learns; the next forgets. Empires rise and fall. And life goes on. | Recommended Link | | What Teeka learned will SHOCK you Teeka’s found a small group of cryptos with a hidden catalyst buried in their code. When this catalyst has struck before, it’s helped them shoot up as high as a rare: -
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68,141%… Now this catalyst is about to strike again – beginning November 18. Nothing is guaranteed… but the potential is enormous. He’s revealing everything in a massive event on Wednesday, November 11, at 8 p.m. ET. | | | -- | Extended Slump And since there’s nothing we can do to stop it, we have to find a way to enjoy it. But that won’t be easy. Coming down the pike is one of the roughest, most dangerous periods in U.S. history. First, stocks will crash… when investors realize that the economy is in an extended slump. Then, the feds will fight the downturn with the only thing they have – more fake money. That is, they will inflate the money supply to make us all feel richer. Once underway, that train goes only in one direction – towards more and more money-printing, which eventually leads to rising consumer prices. Already, in the 49 years since the pure paper dollar was invented, it has lost 96% of its value, measured in gold. The rest is bound to go, too… in the years ahead. Inflation, stagnation, depression – the elite will get richer as the Federal Reserve pumps up the stock market… and Zoom Towns will become Boom Towns as those who can get away move as far away as possible from the danger zones. Strange Holdings In Buffett's Portfolio… Deep Resentment The rest – the 90% who are left – will scrounge for jobs… for income… and for a little justice in a collapsing society. This will lead to a deep feeling of resentment… that the “social contract” has been broken… and a belief that violence is justified – either to set things right… or to keep them from changing. Already, many people feel that looting is protected by the First Amendment… Others feel they are “owed” because of an injustice committed more than 150 years ago. Many think that climate change… COVID-19… racism… and transgender rights… are no-compromise issues. They’re ready to overturn the Constitution to get what they want. | Recommended Link | | Blistering Exposé Takes Aim at America's Leaders Massive changes are underway in America. Most people – including our leaders – have failed to notice. Or perhaps they just don't care… But as you'll see in this blistering exposé… A radical new force is setting off the biggest wealth and power shift in modern history. Barron's estimates it's already created between 20,000 and 200,000 new millionaires so far. And one former hedge fund manager believes this is just the beginning. Over the next few years, he predicts this trend could create as many as 818,000 more new millionaires… And you could be one of them. | | | -- | What Comes Next? We have no way of knowing what will happen. But even a casual reading of history suggests that when the great unwashed masses of a nation begin to feel they’ve been cheated… the result is not very nice. And of course, they’re right. The counterfeit money system cheats them. It’s cheated them for the last 30 years… or more. But they don’t understand how it works. So instead, they blame the Mexicans. Or the Democrats. Or the Blue State governors. Or China. Or greedy capitalists. Or Donald Trump. And it’s going to get worse over the next four years. What can you do? How do you protect your money and your family? By tomorrow, we’ll have the election results… and we’ll look at what to do next. Regards, Bill
Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com.
MAILBAG On the morning of the 2020 U.S. presidential election, Bill encouraged dear readers to “look beyond the election.” Today, as America awaits the results of the election, politics are on their minds… This has to be among Bill’s finest quotes: “Lincoln and Douglas may have had irreconcilable differences; this time, both Republicans and Democrats have the same goal – one that is irreconcilable with reality.” It relates well to another of my favorites (attributed to various people): “In theory, theory and practice are the same. In practice, they are not.” Regardless of who wins the election, I think reality is going to bite soon, though exactly when and how are still unknown. And I worry that the bite is going to be bigger and fiercer than any in living memory, at least for citizens of the USA. – Gordon F. We need a crook in the White House. It is the only way to deal with the crooked politicians who have enriched themselves while ruining the country. The population will not have the sense to re-elect Trump because they are truly stupid and do not realize what is really happening in Washington. They simply want a “nice guy.” – Peter A. I totally agree that nothing will change, whoever wins. I’ll be 84 this December. I have watched the socialism creep take more and more control of our country every year since FDR. More power to the president! Several past presidents have focused a lot of attention on their policies and their ability to solve the problems of this country. And, for the most part, when in power, Congress and the people were willing to go along and let them sink or swim. But, as the parties grew apart on the way power should be distributed in Washington, we have seen the great divide grow wider and wider. The people have been led in so many directions that they are confused about who is really in charge. They have been convinced that the best person is the one that people bet the most money on. The media and the politicians have put so much emphasis on the presidency, the people have no choice but to line up and vote for one “master of disaster” after another, not realizing that the contenders are actually selected and controlled by the non-elected elite. – James B. What will it mean for reality to “bite,” as Gordon says? Are Americans confused about who’s in charge, like James believes? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Stock Options are DEAD! “Penny Trades” have WON… Forget options! Because there’s a NEW way to trade. -
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