| By Bill Bonner BALTIMORE, MARYLAND – “I couldn’t believe it,” said a friend who has grandchildren in a private school in the Washington area. “Their school provided grief counseling!” “Grief counseling?” “Yes. Apparently, students were so upset by Donald Trump’s victory that the school thought it should provide psychologists to help them get over it.” The New York Times, too, seemed to need therapy. Its weekend edition is full of blaming, scapegoating, and flagellation. Hillary blames FBI Director Comey for her defeat. One columnist says white Americans have become racists. Another says women are deplorable, too. They didn’t support Ms. Clinton as they should have. “Behind these angry white men are angry white women,” it points out. Five days have passed since the election results were announced. Many people are still hysterical. They should calm down and take a closer look. | Recommended Link | Secession, Division, American Crack-Up Over 300,00 New Yorkers have fled New York City in the last eight months, according to data from the U.S. Postal Service. The Big Apple's harsh COVID-19 restrictions are driving people away. But could this be the beginning of an even bigger American break-up? Our research shows it's already happening. There's a “Great Divide” separating Americans. Investment expert Tom Dyson has crisscrossed the country in a camper with his family, exploring these two Americas. What he's found may surprise you. Some will be shocked and saddened. But others will see that NOW is the time to take steps to preserve your money, instead of losing it in the midst of what could be the worst crisis of our lifetime. | | | -- | The System Works Already, the dots are coming together. What we see is this: The system works! That is, the system whose main purpose is to protect the system continues to do so. “The Donald” may be getting ready to mount his throne. But the Deep State – America’s “shadow government” – stays in Heaven. First, Mr. Trump used his victory announcement to signal that easy credit – upon which the system depends for funding – will get even easier. To the easy monetary policy, he will add easy fiscal policy. As much as an additional $1 trillion will be spent on “infrastructure.” On credit, of course. Don't Be Left Empty Handed — Why Banks Bought 1,300 Tons of Gold. As one of Mr. Trump’s economic advisers, Anthony Scaramucci, wrote in the Financial Times this weekend: While easy-money monetary policies have exacerbated the income divide, central bankers handcuffed by political dysfunction have had little choice but to provide extraordinary accommodation… [B]usiness people like Mr. Trump understand you can grow yourself out of excessive debt. What we think he meant to say was that you can “inflate” your way out of excessive debt by spending more than you can afford – if you can get Congress to go along. This new spending was just what President Obama asked Congress for and couldn’t get. It was what big-spending economists such as Larry Summers, Paul Krugman, and Joseph Stiglitz had urged. It’s what the Financial Times has called for from the get-go. And now, the same Republicans who stopped President Obama’s infrastructure spending proposals are expected to come forward and approve Mr. Trump’s program. Steel! Ships! Concrete! Woohoo! | Recommended Link | | Apple pays $30 million per month for mysterious "6G" network? 5G has barely hit the market… And already there is something more powerful. A combination of technologies that takes regular 5G – and turbocharges it. In fact, the new technology is so superior to consumer 5G… Angel investor Jeff Brown believes we are looking at what he calls an "early version" of the 6G network… The next level up in speed, processing, and computing power. And right now, the biggest companies in America are paying a king's ransom to get access. Apple is paying $30 million every month to use this early 6G network. Facebook forks over $11 million per month for private access. And Netflix spent $19 million a month during the pandemic. The list of groups paying for 6G access doesn't stop in the corporate world. NASA, the U.S. Department of State, the USDA… The European Space Agency… Even the world-famous British Broadcasting Corporation (BBC)… All are currently using this explosive early 6G network. In total, as many as 100,000 of the world's most successful companies are paying a fortune to get early access to the next level of network speed: 6G One company runs this special 6G operation. In fact, Jeff believes this 6G pioneer is the most important tech company in the world. Some folks even think this company's owner could soon become the world's first trillionaire. In this video, Jeff is going to show you how to make a fortune because of 6G. | | | -- | All Hell Will Break Loose Politically, this is a great move. It is what Mr. Trump will have to do anyway (there’s no monetary stimulus left). And it will come as honey to working-class men, Big Business, Wall Street, and the Establishment. Even better, it could take years before their teeth begin to rot. The Rooseveltian-Reaganesque agenda will come with tax cuts, too. We have never met a tax cut we didn’t like, especially when they are aimed in our direction. So we are pleased to see Team Trump pledging to lower taxes on the rich… and possibly get rid of the estate tax. You go, Donald! Strange Holdings In Buffett's Portfolio… In the long run, an easier fiscal policy will be catastrophic. The world economy now depends on ultra-low bond yields. And that depends on ultra-low inflation rates. You can get ultra-low inflation with easy monetary policies, but not with easy fiscal policies. The Treasury market is already anticipating rising inflation. Bond prices are falling; yields are rising… exactly what you’d expect if investors were no longer worried about deflation. When consumer price inflation starts to spike in earnest… bonds will fall hard… and all Hell will break loose. What will the feds do? What could they do? The responsible thing would be to raise interest rates to head off the inflation. But that would bring on the correction that they’ve worked so hard to avoid. Instead, they will do what all irresponsible governments do. More spending… more stimulus… more inflation. Buenos Aires, here we come! Or maybe even Harare. Inflation could become hyperinflation. But that is still in the future… perhaps long in the future… Hacks and Has-Beens The third big dot we can connect is the rapid recovery of the stock market following its election-eve jitters. When it became clear that Mr. Trump would be the 45th president of the United States, the first reaction was panic. Then the market sat down… took a drink… and quickly realized that Trump posed no threat to the cronies or their inflated asset prices. Au contraire – his program may give them a boost. From an 800-point plunge in Dow futures following the Florida state returns… the index rebounded and then began a rally into a new all-time high. In short, Wall Street is confident that “The Donald” poses no real threat. As though to underline the point, Goldman Sachs CEO Lloyd Blankfein appeared in the news. Trump could be a good thing, he hinted to employees. By the end of the week, we also had a look at Trump’s transition team. Where were the outsiders? Where were the bomb-throwing revolutionaries? Instead, the people entering the transition headquarters near the White House were the same hacks and has-beens who have been hanging around Washington for the last 40 years. They were insiders, not outsiders. Some were even veterans of the Reagan Revolution 36 years ago. Alas, they were the wrong veterans – the ones who stopped President Reagan from doing what he intended to do. Regards, Bill P.S. The votes in the 2020 election have finally been counted – some have even been recounted. But it doesn’t matter who ends up in the Oval Office, the direction of the country toward disaster won’t change one bit. Saving your retirement and your family is the single best thing you can do.
Like what you’re reading? Send your thoughts to feedback@rogueeconomics.com.
Get Instant Access Click to read these free reports and automatically sign up for daily research. | 
No comments:
Post a Comment