Lighting a Candle

POITOU, FRANCE – On Tuesday, Donald Trump, president of all the Americans, said his country would spend more blood and money trying to force the Afghans to do what it wants them to do, whatever that is.

 

If you are destined to stay on the Afghan plantation forever, might as well plant something. [PT]

Cartoon by Steve Bell

 

And so… a darkness covered the land. From Sioux City to Savannah, a shadow passed between Earth and sun. Strange and fearful events were reported. A calf was born with two heads outside of Des Moines. Pomegranate trees flowered in Manhattan. An LGBTQQ+ person wondered WTF?

The people were sore afraid.

Nowhere was the darkness deeper than in the nation’s capital. There, no light shone. No flicker of awareness… observation… learning… or reflection appeared.

 

Hello, darkness.

 

Donald J. Trump had promised to light a candle. But it was nowhere to be seen. Five years ago, he said, “Ron Paul is right.” The Afghanistan adventure was “wasting our money.” It was a “total disaster,” he added.

He asked, “What are we doing there? These people hate us.” Then, a year later, he said, “We should leave Afghanistan immediately.

And in his bid for the White House, he had offered something better. “America First,” he called it. Instead of trying, fruitlessly, to build a better country in the Hindu Kush, he would try to build a better country at home!

No more losing wars. No more strangling regulations. No more losing deals with the rest of the world. Even from the mouth of Donald Trump, these promises sounded good, good enough to win the nation’s highest office.

 

Ron Paul on the newest Afghanistan surge plans. He’s still right.

 

Democratic Sham

You will recall, the election of Donald J. Trump brought controversy to the Diary; many Dear Readers got very cross with us. Today, we back up to look at what the fuss was all about.

In the first place, we believe that democracy, as practiced in a big, degenerate empire, is largely a sham. Voting is a waste of time; we said so then.

In the second place, we thought the Deep State – the few insiders who really run the government – had either already made peace with Mr. Trump or would soon do so, after the election.

In the third place, we identified a chief cause of America’s economic malaise (as well as many of its other problems): the fake-money system, which encourages the buildup of debt and enriches Wall Street while reducing the real output and wealth of the Main Street economy.

In the fourth place, this fake-money system is the source of funding for the Deep State. It cannot give it up, no matter who is president. As long as this system remains in place, the Deep State will continue to grow – by legislation, regulation, hook or crook.

 

How it works, roughly

 

In the fifth place, you can’t really build a decent economy on phony money, debt, and forcing win-lose deals on the public. Each day that passes adds more debt, more complexity, and more misallocation of resources. Sooner or later, the whole shebang is going to blow up.

Just hours after the results came in last November, our view looked basically right. The new president gathered in the two most important branches of the Deep State – the Gunmen (representing the military-security industries) and the Goldmen (representing Goldman Sachs and Wall Street).

Obviously, a deal had been struck – or tacitly acknowledged. Wall Street and the Pentagon – “my generals” – were already part of the team. With them in place, Trump could be Trump with no fear of disrupting the Deep State’s privileges and position.

No… he’s going to shake things up,” readers protested. “He’s our only hope…” “Give him time.”

But time and money are running out.

 

Ticking Clock

On Tuesday, under pressure from the generals, Donald Trump abandoned the promise of an “America First” foreign policy. The U.S. has lost 2,350 soldiers in Afghanistan… and spent $1 trillion.

 

And not to forget – the US was already almost out of there! – click to enlarge.

 

And now, even more resources will be brought to bear so that the longest, most pointless war in U.S. history can continue. Trump himself may be in favor of change. But U.S. foreign policy under the Trump administration is the same as it was under Barack Obama. It favors the Deep State’s military-security industries – as it has for at least the last 17 years.

There is no change to Obamacare or any other significant domestic program, either. The Deep State’s zombie support/medical-educational-retirement transfer programs remain in place, too. But while Trump and the media focus on Confederate monuments, Russia, North Korea, transsexuals… and whirlwind crises, the clock ticks.

The feds have only enough cash for about six weeks of operations. Then, they will bump up against the current debt ceiling. The Deep State must raise the debt ceiling in order to keep the fake money flowing. But raising the debt ceiling may not be easy.

Conservative Republicans will want to know: “With the national debt already headed to $30 trillion, just where do we think we’re going?

We’ll agree to raise the debt ceiling,” say the liberal Democrats, “but only if you leave O’Care alone.

Hey, what about that bridge in my district?” asks the independent.

And so, the darkness spreads…

 

Raise the debt ceiling! It’s for a good cause!

Cartoon by Steve Bell

 

Chart by: Reuters

 

Chart and image captions by PT

 

The above article originally appeared at the Diary of a Rogue Economist, written for Bonner & Partners. Bill Bonner founded Agora, Inc in 1978. It has since grown into one of the largest independent newsletter publishing companies in the world. He has also written three New York Times bestselling books, Financial Reckoning Day, Empire of Debt and Mobs, Messiahs and Markets.

 

 

 

Emigrate While You Can... Learn More

 


 

 
 

Dear Readers!

You may have noticed that our so-called “semiannual” funding drive, which started sometime in the summer if memory serves, has seamlessly segued into the winter. In fact, the year is almost over! We assure you this is not merely evidence of our chutzpa; rather, it is indicative of the fact that ad income still needs to be supplemented in order to support upkeep of the site. Naturally, the traditional benefits that can be spontaneously triggered by donations to this site remain operative regardless of the season - ranging from a boost to general well-being/happiness (inter alia featuring improved sleep & appetite), children including you in their songs, up to the likely allotment of privileges in the afterlife, etc., etc., but the Christmas season is probably an especially propitious time to cross our palms with silver. A special thank you to all readers who have already chipped in, your generosity is greatly appreciated. Regardless of that, we are honored by everybody's readership and hope we have managed to add a little value to your life.

   

Bitcoin address: 12vB2LeWQNjWh59tyfWw23ySqJ9kTfJifA

   
 

2 Responses to “Deep State First”

  • CG23:

    Even President Trump has to pick and choose his battles….keeping the doomed-to-fail-from-the-start Afghan ‘project’ on auto-pilot to keep Raytheon, Blackwater, the Carlyle Group, etc… happy while he makes actual progress in other important areas is the price of political compromise with the Deep State.

  • Kafka:

    It is sad that you may be right. But one extremely good and useful thing has resulted from the Trump Presidency has occurred. Emotion ruled the Deep State, they outed themselves, they declared they, not the voters, ruled America. The die has been cast.

    I would not want to be a public money changer, a backroom operative, nor a Deep State front man when the bill comes due.

Your comment:

You must be logged in to post a comment.

Most read in the last 20 days:

  • In Gold We Trust, 2020 - The Dawning of a Golden Decade
      The New In Gold We Trust Report is Here! The In Gold We Trust 2020 report by our good friends Ronald Stoeferle and Mark Valek was released last week. It is the biggest and most comprehensive gold research report in the world. As always it contains a wealth of new material, as well as the traditional wide-ranging collection of charts and data that makes it such a valuable reference work for everything of interest to gold investors or indeed for anyone interested in precious metals (a...

Support Acting Man

Austrian Theory and Investment

j9TJzzN

The Review Insider

Archive

Dog Blow

THE GOLD CARTEL: Government Intervention on Gold, the Mega Bubble in Paper and What This Means for Your Future

Realtime Charts

 

Gold in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Gold in EUR:

[Most Recent Quotes from www.kitco.com]

 


 

Silver in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Platinum in USD:

[Most Recent Quotes from www.kitco.com]

 


 

USD - Index:

[Most Recent USD from www.kitco.com]

 

Mish Talk

     
    Buy Silver Now!
     
    Buy Gold Now!