BALTIMORE – Victoribus spolia

So far, the most satisfying thing about the Trump win has been the howls and whines coming from the establishment.

Each appointment – some good, some bad from our perspective – has brought forth such heavy lamentations.

You’d think Washington had been invaded by Goths, now raping the vestal virgins (if there are any within the Beltway) on the White House lawns while the Capitol burns to the ground.

Regret and Suffering

Trump is happening, of course.

And the very people who made it happen are now in various stages of regret… suffering… or hysteria.

What a delight it is to see them in such pain!

All along I-95 – from the Holland Tunnel to Route 295 into the heart of D.C., at a distance of a football field between one and another – you see their fabled leaders, lieutenants, and water carriers crucified, with a small crowd gathered around each, weeping.

There is Hillary, of course. And Senator Elizabeth Warren (secretly happy to see HRC brought to grief).

Then there’s Nobel Prize-winning economist and New York Times columnist Paul Krugman. If there is another 9/11 crisis with Trump in charge, he warns: “America as we know it will soon be gone.”

There are the Republican traitors, too – Colin Powell, Henry Paulson, Michael Chertoff – now hanging from their crosses.

And there are the neo-con turncoats, too – Max Boot, Robert Kagan… Crucifixion is probably too good for them.

They are not only traitors to the Republican cause, whatever that may be, but warmongers, too, ready to switch allegiances just to keep the money flowing to their crony friends in the security industry.

Now they all keen away… But what did they expect?

Had they not been lustily ripping off the working stiffs for decades? With their fake money and fake wars, they had transferred trillions of dollars from the Main Street economy into their own pockets.

And then, after the grandest larceny in all of history, didn’t they lecture the poor victims on global warming, racism, and cisgender issues?

Had they not been so rapacious and sanctimonious… they might have their own egregious gal in the White House now! Instead, the country is run by a man they consider an outrageous jackass.

Sniff… sniff… We feel so sorry for them.

“Great Disrupter”

But where does that leave us?

It leaves us with the hero of 2016, too – the man who routed all those hopeless whiners.

And it leaves us with the same swamp… the same swamp critters pulling strings and hatching plans… and the same fake wars – on the real economy, on terror, on poverty, and on drugs.

So far, the losers are crying… all the way to the bank.

Donald Trump is a “great disrupter,” says the press. What exactly will he disrupt?

If Mr. Trump is to “make America great again,” he must do more than make the insiders mad. He must make them pay.

We saw what destroyed the Soviet Union’s empire: win-lose deals.

The nomenklatura… the insiders… the Communist Party hacks all made out well ­– for a time. Meanwhile, the average person suffered. His income fell in line with his liberty. Naturally, a lot of people didn’t like it.

Stalin had to use drastic measures to keep the losers in check. Between 1936 and 1937, his secret police, the NKVD, arrested 1.5 million people. They shot 600,000 – a rate of about 1,000 a day.

By 1953, there were 5 million people in Gulags, or “internal exile,” in Siberia. Whole groups were exterminated, including poets, writers, scientists, and 85% of the Russian Orthodox clergy.

Meanwhile, win-win deals – voluntary exchanges – were practically outlawed. And without them, the system became so pathetic and unproductive, even the elite gave up trying to get anything out of it.

Moneymen and Gunmen

Now we know why America’s middle class suffers, too… not on the same scale, but for the same basic reason.

Too many win-lose deals were imposed on them by the Parasitocrats, the insiders – the same people who now loathe the president they so richly deserve.

Household income in the U.S. is now lower than it was at the end of the last century. In the year 2000, the typical household had an income of $58,574. Today, it is only $57,827.

So now we know what Mr. Trump must do: reduce the number of win-lose deals to make room for more win-win deals. It is that simple.

But doing so isn’t simple.

The swamp critters – the insiders and Parasitocrats who control and profit from government regulations and legislation – are behind the win-lose deals. They’ll fight to protect them.

We’ve seen, too, that the deals fit into three main categories: entitlements, the military-industrial-security complex, and Wall Street.

As for the first, the Republicans have promised to overhaul Obamacare. But the president has sent mixed messages.

He also pledged to not cut entitlements. And when asked how he would pay for them, he answered that he knows “where to get the money from” and “nobody else knows.”

More than likely, the new president will be unable or unwilling to make any substantial dent in spending on pensions, pills, or schools. There are simply too many crony swamp critters and zombie voters on the receiving end.

Besides, they are not completely lose-lose programs. Overpriced and inefficient they may be. Still, ordinary people do get some real benefits from them.

That leaves the two biggies: the military-industrial-security complex and Wall Street.

Thus do the clouds lift and the picture clarifies.

Trump and his team must try to rein in the gunmen and the moneymen, or they are nothing but conmen.

Regards,

Signature

Bill

 

Market Insight


BY CHRIS LOWE, EDITOR AT LARGE


It’s not just U.S. stocks that have been rallying since Trump got elected.

Global stock markets have been on fire…

Today’s chart shows the top-10 gainers since Election Day in local currency terms.

As you can see, the S&P 500 is ranked 10th in terms of percentage gains.

Chris Lowe


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Mailbag

Believe it or not, the long-running controversy over whether Bill was too critical of the new president in his Diary issue “Whoopee! POTUS Has Our Backs” continues to rage…

I agree that you are biased against Trump. I was also appalled when I read about you trying to ignite a bonfire with gasoline. Mercy!

– Fed J.

I’ve read you for years. But your negative, condescending, fact-less opinions of Trump are tiresome. I might suggest something my mother told me over and over: If you got nothing good to say, don’t say anything at all.

– Dennis M.

Donald Trump was historically not a very political person. Sure, he used his influence in many ways, but he is not responsible for getting us into this mess.

However, as our president, he has the responsibility to provide the leadership to try to get us out of this mess if that is possible. If you believe it is possible for us to get things turned around, say so as often as you can with all the suggestions that you can make. If you think it is hopeless for us to get things turned around, then say so.

– Milo A.

I, too, support Trump. His attempt to “drain the swamp” is the last best hope for freedom in these United States. You assert he’s bound to lose a contest with the Deep State. I hope you’re wrong. I hope he’s populist enough to engage the direct support of enough people who love liberty that he can prevail.

I don’t think the odds are in his favor. But this is the last chance. If Trump fails to defeat the Deep State, the vast majority of Americans will lose the possibility of freedom – short of armed conflict.

You and [Casey Research founder] Doug Casey have an international solution. If Trump fails it will be the only remaining viable solution. But it’s one not available to most and unknown to almost all. I love your Diary. I enjoy your writing style and humor. Please keep asserting the libertarian position.

– Mel C.

Sometimes I agree. Sometimes I don’t. But you always get me to think – THANKS! If Trump can’t stop the slide then we’re in more trouble than you think. He’s got real world problem solving experience, something in short supply in D.C.

– Peggy O.

You can please some of the people some of the time but not all of the people all of the time! Keep going, Bill!

– Rainer G.

Now you have given the Trump worshipers what they all but demanded, how about giving us the other side of the coin? It’s only fair that you now present a version for those of us who are happy Trump is president but don’t believe he has magical powers.

Thank you for being true to yourself and standing tall in the face of detractors. Even when you needed to give us/them a bit of a sarcastic lashing. I write this with much appreciation for your efforts.

– Edwin M.

I’m with you, Bill! Hope springs eternal, and there’s a sucker born every minute! Trump has two options: kick the can further down the road, or set a remedial and very painful course. It’s a no brainer what’ll he’ll do.

– Andrew D.

Go Bill. I subscribe because I value your thoughts, insights, and opinions. If I want mine, I will ask for them. Sure, I voted for Trump. My NRA supplied bumper sticker says “Save Freedom, STOP HILLARY.”

Do I think he can save us and make us great again? Probably not. I think it is too far out of control and too big of a job for anyone. Keep them coming. I always look for them in my inbox.

– Bob


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