"The Real Deep State Candidate"
Oct 21, 2017 18:32:02 #
"The Real Deep State Candidate"
"The Real Deep State Candidate"
by Bill Bonner
"Yesterday, we described what we believe is the true source of today’s bubbly markets: fake money from the Deep State’s finance arm, central banks. Today, we connect more dots. Specifically, we explore why the stock market celebrated after ‘The Donald’ was elected…what role he plays in the Greatest Show on Earth…and what to expect next. We also want to look at how America’s form of government has changed, but that will have to wait until tomorrow.
Fake Dollar Finance: Why did voters and investors turn their lonely eyes to a reality TV star, and put their trust and faith in a bombastic huckster, rather than a more conventional scallywag? Why did stocks rise after he was elected? What did they see that we didn’t? In short, the fix was in, and Mr Market knew it.
Fake dollar finance has been an abiding theme here at the Diary. Few others - apart from economist George Gilder and President Reagan’s first budget chief David Stockman - seem to care about it. But for us, it is the biggest financial scam in the history of the world. It has moved at least $10 trillion from the people who earned it to the rich and the Deep State elite. It has corrupted our institutions, our culture, our markets, and our government.
This system is supported by almost everyone - by Republicans and Democrats, by the mainstream press, by academic economists, by international organizations such as the UN, the IMF, and the World Bank, by the ‘defense’, ‘education’, and ‘medical care’ industries (all in quotations to signal our deep scepticism that they are doing what they claim to be doing), and perhaps more importantly, by Wall Street.
What is this system? It is the system of creating ‘money’ out of thin air, controlled by the government and central banks, which ends up in the hands of Deep State cronies and the elite. It creates an economy that runs on credit, not real wealth or real output. It can only grow by increasing the level of debt, and is thereby damned to its own destruction.
Disruptive Personality: There are only two major threats to this system. The first is the obvious one: economics. You can’t increase debt levels infinitely. Sooner or later, the whole kit and caboodle will blow up. The second is political: A determined, disruptive politician might be able to slow it down, or even reform it.
Last year at this time, there was some hope that Donald J Trump might be such a man. He was clearly a ‘disruptive’ personality. Perhaps he had a disruptive program? It was hard to know. What he said publicly was so incoherent and undisciplined that many people believed he must be smarter than he looked, with a hidden agenda, a plan of action that he dared not divulge for fear of bringing the entire weight of the Deep State crashing down upon him.
Hillary Clinton was clearly on the dark side. She favored more spending, both on social programs and military meddling. She was so deep in the pockets of lobbyists, big banks, and corporate America there was no chance she could ever climb out.
Mr Trump was different. He seemed more independent. He was too rich to steal. And too dumb to lie. He seemed to be not beholden to anyone - even the powerful Israeli lobby. ‘I don’t need your money,’ he told them.
Trump’s Greatest Trick: Yesterday, we glanced at a magazine sitting on the table in our hotel room. Inside was a picture of a skinny young guy wearing a tight green suit, with some kind of fleur-de-lis pattern on it, pants hiked up to the calf, with bright orange socks filling in the distance to shoes no less outrageous than the rest of the get-up.
We didn’t understand brand advertising until Mr Trump came along. We had always wondered: What’s the point of advertising clothes no one would want to wear? Now, we know. The idea is not to move the rags, but to fix the brand in the minds of the readers. The absurd outfits are just a way of getting attention. They plant the brand in your mind - provocative, clever, cutting edge, innovative, or whatever you want.
That was the genius of Donald Trump: He ran as a brand. But his important achievement, historically, was to silence the vestigial opposition to the Deep State.
Clownish Squabbles: Ms. Clinton would have had the whole constellation of ‘right wing’, evangelical, Tea Party, and establishment Republicans - responsible conservatives and rabid nut-jobs - against her. They would have blocked her every move and hounded her every step. They would have connected her, and her program, to the Deep State, and gnawed away at both.
For Mr Trump, on the other hand, the coast is clear. If there is any opposition to the Deep State program, it is now confused by conflicted loyalties, and distracted by Mr Trump’s clownish squabbles. We are supposed to care about whether football players stand or kneel, and not notice the $1.4 trillion given to Lockheed Martin to build and maintain a fleet of planes that experts say may never be combat-ready.
Likewise, it is supposed to matter whether Mr Trump calls the families of the boys who get killed doing the Deep State’s military mischief. But no one seems to know or care about the latest price tag for Obamacare, or that the nation is on track to add $10 trillion to its debt over the next 10 years. And we are kept so busy wondering about a war with North Korea or a feud with Senator Corker that we don’t even have to time wonder where all this money bidding up stocks is coming from.
The money flows…and the show goes on. And now we see what Mr Market, in his wisdom, must have seen a year ago: Mr Trump, not Ms Clinton, was the real Deep State candidate all along."
- https://www.marketsandmoney.com.au/
"The Real Deep State Candidate"
by Bill Bonner
"Yesterday, we described what we believe is the true source of today’s bubbly markets: fake money from the Deep State’s finance arm, central banks. Today, we connect more dots. Specifically, we explore why the stock market celebrated after ‘The Donald’ was elected…what role he plays in the Greatest Show on Earth…and what to expect next. We also want to look at how America’s form of government has changed, but that will have to wait until tomorrow.
Fake Dollar Finance: Why did voters and investors turn their lonely eyes to a reality TV star, and put their trust and faith in a bombastic huckster, rather than a more conventional scallywag? Why did stocks rise after he was elected? What did they see that we didn’t? In short, the fix was in, and Mr Market knew it.
Fake dollar finance has been an abiding theme here at the Diary. Few others - apart from economist George Gilder and President Reagan’s first budget chief David Stockman - seem to care about it. But for us, it is the biggest financial scam in the history of the world. It has moved at least $10 trillion from the people who earned it to the rich and the Deep State elite. It has corrupted our institutions, our culture, our markets, and our government.
This system is supported by almost everyone - by Republicans and Democrats, by the mainstream press, by academic economists, by international organizations such as the UN, the IMF, and the World Bank, by the ‘defense’, ‘education’, and ‘medical care’ industries (all in quotations to signal our deep scepticism that they are doing what they claim to be doing), and perhaps more importantly, by Wall Street.
What is this system? It is the system of creating ‘money’ out of thin air, controlled by the government and central banks, which ends up in the hands of Deep State cronies and the elite. It creates an economy that runs on credit, not real wealth or real output. It can only grow by increasing the level of debt, and is thereby damned to its own destruction.
Disruptive Personality: There are only two major threats to this system. The first is the obvious one: economics. You can’t increase debt levels infinitely. Sooner or later, the whole kit and caboodle will blow up. The second is political: A determined, disruptive politician might be able to slow it down, or even reform it.
Last year at this time, there was some hope that Donald J Trump might be such a man. He was clearly a ‘disruptive’ personality. Perhaps he had a disruptive program? It was hard to know. What he said publicly was so incoherent and undisciplined that many people believed he must be smarter than he looked, with a hidden agenda, a plan of action that he dared not divulge for fear of bringing the entire weight of the Deep State crashing down upon him.
Hillary Clinton was clearly on the dark side. She favored more spending, both on social programs and military meddling. She was so deep in the pockets of lobbyists, big banks, and corporate America there was no chance she could ever climb out.
Mr Trump was different. He seemed more independent. He was too rich to steal. And too dumb to lie. He seemed to be not beholden to anyone - even the powerful Israeli lobby. ‘I don’t need your money,’ he told them.
Trump’s Greatest Trick: Yesterday, we glanced at a magazine sitting on the table in our hotel room. Inside was a picture of a skinny young guy wearing a tight green suit, with some kind of fleur-de-lis pattern on it, pants hiked up to the calf, with bright orange socks filling in the distance to shoes no less outrageous than the rest of the get-up.
We didn’t understand brand advertising until Mr Trump came along. We had always wondered: What’s the point of advertising clothes no one would want to wear? Now, we know. The idea is not to move the rags, but to fix the brand in the minds of the readers. The absurd outfits are just a way of getting attention. They plant the brand in your mind - provocative, clever, cutting edge, innovative, or whatever you want.
That was the genius of Donald Trump: He ran as a brand. But his important achievement, historically, was to silence the vestigial opposition to the Deep State.
Clownish Squabbles: Ms. Clinton would have had the whole constellation of ‘right wing’, evangelical, Tea Party, and establishment Republicans - responsible conservatives and rabid nut-jobs - against her. They would have blocked her every move and hounded her every step. They would have connected her, and her program, to the Deep State, and gnawed away at both.
For Mr Trump, on the other hand, the coast is clear. If there is any opposition to the Deep State program, it is now confused by conflicted loyalties, and distracted by Mr Trump’s clownish squabbles. We are supposed to care about whether football players stand or kneel, and not notice the $1.4 trillion given to Lockheed Martin to build and maintain a fleet of planes that experts say may never be combat-ready.
Likewise, it is supposed to matter whether Mr Trump calls the families of the boys who get killed doing the Deep State’s military mischief. But no one seems to know or care about the latest price tag for Obamacare, or that the nation is on track to add $10 trillion to its debt over the next 10 years. And we are kept so busy wondering about a war with North Korea or a feud with Senator Corker that we don’t even have to time wonder where all this money bidding up stocks is coming from.
The money flows…and the show goes on. And now we see what Mr Market, in his wisdom, must have seen a year ago: Mr Trump, not Ms Clinton, was the real Deep State candidate all along."
- https://www.marketsandmoney.com.au/
Oct 21, 2017 22:20:18 #
slatten49
Loc: Lake Whitney, Texas
pafret wrote:
"The Real Deep State Candidate" br br ... (show quote)
Interesting, Pafret....interesting.
Oct 21, 2017 22:33:29 #
pafret wrote:
"The Real Deep State Candidate" br br ... (show quote)
Seems we are along for a bumpy ride... I hope you are all healthy... unless of course you're wealthy...
Oct 22, 2017 09:42:37 #
GEE,OUR government keeps spending money We dont have,Whos going to pay the piper,when the rents due??? HOW,can WE ( our government) spend money We dont have??? my bank wont cash a check,for me,IF,theres no money in the account.... but OUR government cashes bad checks everyday...... HOW?????????
Oct 22, 2017 12:09:36 #
boatbob2 wrote:
GEE,OUR government keeps spending money We dont have,Whos going to pay the piper,when the rents due??? HOW,can WE ( our government) spend money We dont have??? my bank wont cash a check,for me,IF,theres no money in the account.... but OUR government cashes bad checks everyday...... HOW?????????
I will be long gone when that bill comes due. If our current crop of college snowflakes had any comprehension of the workings of debt they would be rioting in front of the White House demanding and end to the Federal Reserve and trial and conviction of the Fed and its subsidiary banks on Rico Charges. Being as indoctrinated with stupidity as they are, they will suffer the consequences of our, spend your way to wealth insanity. Ben Franklin's Poor Richard would be appalled!
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