2019年10月31日星期四

The Persecution and Assassination of Donald J. Trump, Part 3

Bill Bonner’s Diary

The Persecution and Assassination of Donald J. Trump, Part 3

By Bill Bonner, Chairman, Bonner & Partners

Bill Bonner

POITOU, FRANCE – The high drama continues… That is, Part 3 of The Persecution and Assassination of Donald J. Trump, as portrayed by the grifters, retards, and incompetents of The Swamp.

Lt. Col. Alexander Vindman, in full dress regalia, gave out the word that he didn’t think it was right to ask the Ukrainians to dig up dirt on the Bidens.

The New York Times:

In hours of questioning on Tuesday by Democrats and Republicans, Colonel Vindman recounted his alarm at the July 25 call, saying he “did not think it was proper” for Mr. Trump to have asked Mr. Zelensky to investigate a political rival, and how White House officials struggled to deal with the fallout from a conversation he and others considered problematic.

As to the merits of the impeachment case against Donald Trump, it is not for us to say.

Of interest, however, is what Lt. Col. Vindman was up to in the first place… and what role it plays in the decline of America…

Vindman, Hero

Until this week, Vindman was just one of the thousands of “nameless, faceless” Deep State operatives that keep the U.S. bumbling along on the road to disaster.

Now, search “Alexander Vindman hero” on the internet, and you will get more than 14 million hits.

He is a true hero, according to the storyline, first for getting wounded in Iraq, and now for standing up to President Trump. He “knows what truth, honor and duty mean,” says a New York Times headline.

Lt. Col. Vindman is also a “Ukraine expert” at the National Security Council. The Ukraine poses no plausible security risk to the U.S. So why does the U.S. need a Ukraine expert, you might wonder?

But in The Swamp, everything is a risk… and every risk is an opportunity to hire more experts, spend more money, and transfer more wealth from the public to the elite.

For the Deep State and its many Vindmans, the real risk is anything that challenges its power… threatens its gold-plated retirement sinecures at Lockheed Martin or Raytheon… or asks too many questions.

And in the now-popular narrative, that challenge came in the person of Donald J. Trump.

Road to Ruin

In our view, the U.S. has been in decline since the turn of the century… falling relative to other nations by almost every measure. That decline was not caused by Mexicans… Chinese… or Iranians.

Nor was it caused by the ebb and flow of the economy, or by the four-year cycle of its national elections. Booms come and go… and so do presidents.

As we pointed out yesterday, it’s not the surface chop that dooms an economy… it’s the deep currents that carry it to bankruptcy, war, and corruption.

A man can go on an occasional bender with little harm to his career or reputation; but if he makes a habit of it, he’ll jeopardize his family as well as himself. So too can a nation survive a bad president, an occasional deficit… or even an occasional misbegotten war from time to time. But if it keeps at it… it will ruin itself.

The high-water mark for the U.S. probably came in the late ’90s. Afterwards, its bad habits – fake money at home, fake wars overseas – began to catch up with it. GDP growth slowed. Debts rose. The Swamp’s power increased. And by 2015, the nation was clearly on a downward slide.

That was when Donald J. Trump presented himself as the man who could Make America Great Again.

It would be hard to piece together a coherent program from Donald Trump’s many election promises and gratuitous obiter dicta. But insofar as it made any sense at all, it rested on two major challenges: He had to get the U.S. out of its mindless, endless, winless wars…and he had to “Drain the Swamp.”

Everything else, then as now, was a distraction… A wall with Mexico? A trade war with China? A powwow with the fat boy from North Korea? Like them or loathe them, they were not on the “critical path” to making America great again.

Deep State Warmongers

The Donald, never shy when it came to tooting his own horn, said he was the “only one” who could do the job. And he may have been right.

He was willing to take on the Darling of the Deep State, Hillary Clinton… and not just the “Queen of Warmongers,” as Tulsi Gabbard described her, but the King, too – Senator John McCain. (McCain had managed to parlay his experience as a POW in North Vietnam into a political career; Trump said he preferred heroes “who didn’t get captured.”)

And Trump had the brass to stand up to The New York Times, The Washington Post, and the rest of the politically correct elite.

But poor Mr. Trump could never stay on key; he never took the time to study the music or learn the score.

So it was no surprise when he honked himself into the deepest part of The Swamp almost immediately, just as Barack Obama had done before him. The Washington Post:

Military spending has risen dramatically under Trump, from about $550 billion annually to more than $700 billion in 2019, and Democrats successfully pushed for increases to other parts of the budget in exchange for their support to boost money for defense.

Nor has there been any major pullback of U.S. forces… or any slacking off in their meddling.

Since May, some 14,000 more U.S. troops have been sent to the Middle East. Donald Trump canceled peace talks that might have led to an end to the nearly 18-year war in Afghanistan. Drone strikes and a tightening noose of sanctions have increased the risk of war with Iran. According to press reports, 1,000 U.S. special operations troops have been pulled out of Syria… and moved to Iraq. But almost 3,000 more troops have been approved to be sent to Saudi Arabia.

Strange way to get yourself out of winless wars.

But wait… if Mr. Trump is such a friend to the Deep State warmongers… why have they ganged up against him?

More to come…

Regards,

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Bill

POSTCARDS FROM THE FRINGE: PERFECT SETUP FOR A BIG MOVE HIGHER IN GOLD

Maria’s Note: Maria Bonaventura here, managing editor of the Diary. Last week, Tom Dyson shared the next chapter in the story of how he met Bill and Dan Denning (Bill’s coauthor on The Bonner-Denning Letter) 15 years ago. If you missed it, catch up here. Then read on below for the final installment of the saga…

As you’ll see, Tom’s life has come full circle since that first encounter. But it’s not the only thing. Gold has, too. And Tom has a strong feeling it’s about to make another major move higher…


By Tom Dyson, Editor, Postcards From the Fringe

Tom Dyson

It was 2002. Tech stocks had crashed. The economy was in recession. Bush had invaded Afghanistan. And a war was starting in Iraq. The Greenspan Federal Reserve would do whatever it took to prop up the economy.

Meanwhile, gold had been falling for 20 years. No one was paying attention to it. Even the central banks were dumping it.

I put all my money into gold futures, and I persuaded some friends to do the same. Then, I quit my job, said goodbye to my friends, and went to Mexico City without any money or credit cards.

I traveled from Mexico City to San Diego to Chicago to Atlanta and back to Mexico City by sleeping outside, eating scraps, and bumming rides.

I sent email newsletters about my adventures back to my friends. I called them the Dysman Diaries. (I’ve been sharing some of the stories from that trip with you over the past few months.)

Seven years later, gold had gone up 400%. (Unfortunately, I sold the futures much too early, and we made only a small profit.)

Now, for the second time in my life, I have a strong premonition that gold is about to make a major move higher.

Once again, we’ve got almost the perfect setup: a trillion-dollar budget deficit… a collection of hyper-activist central banks… a too-strong dollar… potential currency wars… a possible recession on the horizon…

As for me, I’m back on the road, living like a hobo, all in with gold, and sending zany e-letters to my friends.

More on that later. First, continuing my hitchhiking story from last Thursday…

First time I hit the road, in 2004, I put Addison Wiggin, Bill’s managing editor at the time, on my Dysman Diaries email list.

He replied to one of my emails when I was in Birmingham, Alabama. He told me a position had opened at his e-letter. He invited me to Paris for an interview.

So I walked onto Interstate 10 westbound and stuck out my thumb to hitchhike.

First, I got picked up by a man drinking whiskey from a big Styrofoam cup. He was towing a big boat. We swerved all the way to Tuscaloosa.

Then, I got picked up by a long-haul trucker in an 18-wheeler. He spent 24 hours – all the way from Tuscaloosa, Alabama, to Brownsville, Texas – trying to seduce me. Oh… and somewhere in Louisiana, he confessed to me he’d murdered his second wife.

I doubt I will ever hitchhike again after those two rides. But I did make it to Paris.

And that’s the story of how I came to work with Bill and Dan 15 years ago.

Tom Dyson

P.S. Gold is up about 18% over the year… Everything’s in place for a big rise.

But if I’m wrong, oh well. I don’t think Kate and I will lose much. The Fed will make sure of that.

Gold is down $50 an ounce in the last two months… about 3%. If you have been considering buying it, but you haven’t bought yet, NOW is the time to buy.

This time, I won’t make the same mistake and sell too early. We’re holding until the Dow-to-Gold ratio hits 5 and not a moment sooner. (Read more about that here.)

P.P.S. I publish variations of these stories – along with my thoughts on the global economy – in my e-letter, Postcards From the Fringe. I send a new one out every weekday, and I’d love to have you onboard. Just enter your email address here to sign up.

FEATURED READS

Our Markets Aren’t Really Free
Bill says that the U.S. has been declining since the turn of the century. And this certainly appears to be the case when you note the disappearance of free markets in our country…

50-Year Treasury Bonds?
When the going gets tough… the feds inject more fake money into the system. Now, the Treasury Department is considering issuing a 50-year bond for the first time…

The Secret to Finding the Most Profitable Trades
Regular readers know Bill sees storm clouds forming over the markets. But that doesn’t mean there are no opportunities to profit. Here’s how to spot winning trades consistently – no matter how bad things get…

MAILBAG

On Tuesday, Bill took a neutral stance on the death of ISIS leader Abu Bakr al-Baghdadi. And one Dear Reader took issue with it …

I read your Diaries, which I think have a lot of wisdom… Although I perceive you dislike Trump, always criticizing his policies, I don’t care about that. What really throws me off is what you say about the killing of the MEGA serial killer head of ISIS – that you don’t have an opinion. There was no trial, so you don’t know if it’s good or bad…

I’d say the same for Hitler, Stalin, bin Laden, Pol Pot, and Che Guevara: Do we need a trial? This so-called caliphate killed, enslaved, and displaced thousands of “unbelievers” for just being that. That all says a lot about you. Your ethics, your values, your opinion. What wisdom?

– Juan A.

Was Bill right to take a neutral stance about al-Baghdadi’s death at the hands of the U.S.? Or should he have condemned him? Write us at feedback@bonnerandpartners.com.

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