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From Bill Bonner, chairman, Bonner & Partners: So far, so good. Hillary is the frontrunner. If she wins, nothing will change.
If Donald wins, nothing much will change, either. But he may rattle investors.
Who knows?
One of the hardest things to understand about our present situation is the way in which things are not what they seem.
We have written frequently about how today’s money is fake. How interest rates are fake. How statistics are fake. (Take the “unemployment rate”… Please!)
Our “wars” are now fake, too. When the feds announce a new war, we naturally assume their goal is to beat the enemy.
Not so. Instead, they want to keep the war going. That means NOT beating the enemy. That way BOTH sides win.
The War on Poverty was the first of our fake “wars.” It was a nice collusion between poor people and an entire industry—92 government programs—that received and spent money on their behalf.
Set up in 1964, the War on Poverty has already cost $22 trillion… and it goes on.
Why?
Because poor people get money. And because the “elite” who control the cash flow get the support of poor voters… and a substantial part of the money, too.
For every dollar distributed, the poverty-fighting insiders keep 72 cents (a figure widely discussed, but far from certain). If that figure is correct, the insiders have pulled in more than $15 trillion over the last 50 years—by pretending to fight poverty!
Drug Kingpins
The War on Drugs came in 1971.
Harvard economist Jeffrey Miron says it has cost taxpayers a trivial $41 billion.
The “war” is best understood as a public-private partnership—between the illegal drug business and the drug-fighting agencies.
After all, where would former addict and now America’s “Drug Czar” Michael Botticelli be without the drug pushers?
And without the DEA, where would the drug kingpins be?
Suppose they had to compete on price, quality, and service… instead of on drive-by shootings. They’d soon be put out of business by guys with PowerPoint slides and spreadsheets.
Giant tobacco and liquor companies—with decades of experience, distribution networks, retail channels, and marketing know-how—would eat their lunches immediately.
Instead, the illegal drug industry – the drug fighters at the BATF, DEA, FBI, local police, the prisons, the courts, and a whole subculture of criminals – stays in business.
Reeves’ Note: Fake wars are just part of the elites’ plan to preserve and expand their power. Bill calls this small group of powerful individuals the Deep State… a secretive cabal of unelected power brokers that controls 90% of real money and power in this country.
The Deep State doesn’t face elections and isn’t limited by term limits or the public voice. It answers to no one but itself. You can learn more about the Deep State’s origins… and how you can protect yourself from its grasp… in Bill’s urgent warning to all Americans.