| By Bill Bonner, Chairman, Bonner & Partners Friday, November 1, 2019 – All Saints’ Day POITOU, FRANCE – Left dangling yesterday, like a withered limb, was the question: How come the generals are against Trump? As we showed, the man from Queens has turned out to be the best friend the military-industrial complex ever had. He substantially increased the Pentagon budget… and he’s shown no coherent resolve to shut down its mindless, endless, and winless wars. Why turn on him? But turn on him they have. Encouraged by “experts” imbedded in the White House’s own National Security Council and the diplomatic corps, the House voted yesterday to move ahead with its impeachment proceedings. In a minute, we will return to the fourth installment in our miniseries on the Persecution and (political) Assassination of Donald John Trump, as acted out by the various scammers, half-wits, and chiselers of The Swamp. First, we pay brief attention to the financial news… | Recommended Link | | You won’t believe what Teeka Tiwari is doing Wednesday, November 13 You won’t believe how fast this system can make you money ‘til you see the proof with your own eyes. Which is why you are invited join Teeka on Wednesday, November 13th, at 8 p.m. ET where he will reveal how you too can quickly and easily grow your wealth using this unique system. Nothing like this has ever been made available to Wall Street outsiders. | | | -- | Bloody Instructions Of course, the Federal Reserve was in the news yesterday. It cut rates as expected and said nothing meaningful. More interesting was this from CNBC: “A ‘growing club’ of ‘very powerful countries’ is steering away from using the dollar,” begins the headline. The article reads: The U.S. dollar has been the world’s major reserve currency for decades, but that status could come under threat as “very powerful countries” seek to undermine its importance, warned Anne Korin, from the Institute for the Analysis of Global Security. Korin says China, Russia and the European Union are some “major movers” behind this push. One of those reasons driving their shift away from the dollar is the prospect of being subject to U.S. jurisdiction if they transact in dollars. What dooms a nation, typically, is overspending, overreaching, and overstepping the bounds of civilized behavior. That is why it was so important for Mr. Trump to end the foreign wars. They enrich the insiders and the elite… but they waste resources and ultimately ruin the nation. As Shakespeare put it in our opening quotation on Tuesday: …we but teach
Bloody instructions, which, being taught, return
To plague th’ inventor: this even-handed justice
Commends the ingredients of our poison’d chalice
To our own lips. | Recommended Link | | These numbers don’t lie. This trading system had an 80.85% win rate. According to Investor’s Business Daily, “Finding the best stocks is a matter of finding out where big investors are putting their money.” That’s because massive institutional money drives the market. They can swallow up to 4.9999% of any publicly owned company in America from the tiniest microcap to a behemoth. But there is a way to predict this buying activity – 24 hours to 10 days in advance. Some experts call them 13-X Trades (based upon the name of the SEC form that gets filed) and it’s completely legal. | | | -- | The winless wars, and all the other costs of garrisoning the globe, cost about $1 trillion per year. That is a cost – about equal to the entire deficit – that plagues its inventor, while wiser competitors avoid it. But not only does the U.S. boss others around the world with its expensive troops, it also uses its dollar to bludgeon them. “Sanctions” allow the feds to conduct economic warfare against target countries and individuals. No vote of the people, no act of Congress, no proof of wrongdoing is required. Not surprisingly, this leaves potential “enemies” looking for alternatives. And when they find them – and escape the hegemony of the dollar system – it will mark another big slide for the U.S. Once there is another viable option, the foreigners will laugh at U.S. sanctions… and all those dollars, now held overseas as “reserves,” may come back like carpetbaggers… taking our land, resources, and industries. Revenge of The Swamp Keep that in mind. Now let’s go back to our question. Why has the Deep State turned on The Donald? Is this just a case of the “Revenge of The Swamp”? Perhaps. But when we look at what has actually happened in The Swamp, our puzzlement deepens. For not only did the president go along readily with giving more power and money to the armed wing of the Deep State… He also did more than any other chief executive since Lyndon Johnson to flush more money into the rest of The Swamp. Recall that the only possible way to drain The Swamp is to cut off its supply of money. “Starve the beast,” as our old friend Grover Norquist used to say. The beast lives on federal subsidies, grants, direct outlays, and all the indirect ways the feds force people to spend money (tax lawyers, lobbyists, regulatory administration… etc.). Every dollar spent or mandated by the feds passes through The Swamp. Its agents, its contractors, its experts, and its elite parasites take their cut. The money then makes them richer… more powerful… and more able to influence policy decisions. But instead of making cuts, Mr. Trump did the opposite: He increased Swamp funding. The Washington Post reports: The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, the Treasury Department announced Friday, as the United States’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year. The country’s worsening fiscal picture runs in sharp contrast to President Trump’s campaign promise to eliminate the federal debt within eight years. The deficit is up nearly 50 percent in the Trump era. Since taking office, Trump has endorsed big spending increases and steered most Republicans to abandon the deficit obsession they held during the Obama administration. Eight years ago, the GOP-controlled House proposed a constitutional amendment that would require balanced budgets. And the Obama administration feigned concern too, creating a “deficit commission” to find ways to slow the growth of government debt. But now, neither party is interested in cutting spending. Neither worries about deficits. And neither does President Trump. More for the military. More for the rest of The Swamp. More spending. More power and resources to the insiders and the elite. Bigger deficits. More debt. More wars. More opportunities for the Biden and Trump families to skim some profits. The Deep State has gotten everything it wanted. So why are the ingrates at The Donald’s throat? Ah… that will have to wait for Monday. Regards, Bill MARKET INSIGHT: CENTRAL BANKS REKINDLE THEIR LOVE FOR GOLD By Houston Molnar, Analyst, Bonner & Partners As Bill just said, foreign nations are taking a stand against the Federal Reserve’s mishandling of the U.S. dollar. Two nations in particular are leading the charge… China and Russia. Both are ditching the U.S. dollar and picking up gold. Take a look at the chart below. It shows central bank gold reserves for China (black line) and Russia (green line). 
Both China and Russia are piling into gold. Gold holdings for China are up 84%, and gold holdings for Russia are up 86% since 2015. But China and Russia aren’t alone… Central banks in total purchased more gold last year than any time since 1971. As longtime Diary readers know, that’s the year Nixon closed the “gold window” and ended the convertibility of dollars into gold. But the gold-buying spree won’t stop here. China’s gold represents a mere 3% of total reserves. Russia’s gold stake represents 20% of total reserves. They are still a long way behind the U.S. in terms of reserves, which total 75%. This latest buying spree is only the beginning as nations look to part from the dollar. In which case, the gold price is likely to keep climbing as the largest gold buyers return to the table. – Houston Molnar FEATURED READS Mortgage Rates Head Higher
The Federal Reserve predictably cut interest rates again this week. Mortgage rates, on the other hand, keep going up… Watch Your Wallet When Financing a Car
As Bill has pointed out, auto financing is forcing buyers deeper into debt than ever before. And a big part of it comes down to more and more fancy add-ons… 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 Yesterday, Bill analyzed President Trump’s connection to the Deep State. Today, Dear Readers weigh in on just how qualified Trump is to lead the country… Trump has a long history of trashing anybody that disagrees with him. Bill rightly suggests that the current economic snafu cannot be sustained, but that is what Trump is pushing. His administration is lacking many key members, those folks who do NOT want to get on a sinking ship. I have been following this guy since the 1980s, when he emerged as a player at Eastern Air Lines. He has not improved with age. He has crossed the lines of legality in building northeastern casinos and lord knows what else. It is NOT un-American to think the politicians of this country are scoundrels. – A.C. Bill, not to say there isn’t Deep State opposition to Trump. But the preponderance of concern about his fitness to rule is based on his narcissism, dishonesty, hubris, egotism, failure to credit subservients, racism, chauvinism, lack of leadership skills, inability to hire skilled advisors, and clear lack of knowledge on key subjects. Not to mention the very real concern that this president plans to foment civic violence and will not leave office even if he loses in 2020. – Gary M. Is Trump fit to be president? Is he more of a challenger or a friend to the Deep State? Write us at feedback@bonnerandpartners.com. IN CASE YOU MISSED IT… This technology is more important than electricity? Google’s CEO Sundar Pichai has already spent $3.9 billion on this unproven technology. He’s recently said this breakthrough tech “is more important than electricity.” Even the Harvard Business Review says companies who fail to implement this technology will never catch up. Because without this new tech, Google could be bankrupt in the next 5-10 years. But there is one little-known company that holds the key to Google’s future… And a chance for you to make massive profits. Click here to learn more. 
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