| By Bill Bonner Monday, December 7, 2020 WEST RIVER, MARYLAND – Every advanced society has an elite. Its patricians. It’s Aristoi. Its propertied classes. Its gentry or its Hidalgos. They are the lucky ones. The smart ones… the educated ones… the ones with the Ph.D.s, the formulae, and the secrets. They’re also usually the ones with the money. They design the bridges, write the laws, and count the votes. They also write computer code… and God knows what else. | Recommended Link | | The One Big Threat You Face in 2021 The swamp creatures in Washington, D.C., are ready to take America's $27 trillion debt to $30 trillion and beyond in 2021. This record debt and larger deficits are a clear and present danger to the value of your savings. Bill Bonner, Dan Denning, and Tom Dyson have been tracking this threat for the last two years. They tracked the debt bubble for more than 20 years and were prepared for it to burst. (Actually, Bill has been warning his readers about it for many years.) If you were following their advice, you would have been prepared for this situation... but the good news is it's not too late to prepare yourself now. (You might even be able to profit.) | | | -- | Duties and Privileges In ancient societies, the elite claimed to have some inside track with God. It – the elite – used religion to stay in power. The religion explained each caste’s duties and privileges. One ruled. The others obeyed. Today, the elite uses science. We don’t need to wear masks, said the experts in January. Ooops… No, we must all wear masks, say the experts now. “The Earth is freezing” was the climatological alarm in the 1970s. Now, “it’s burning up” is the gospel according to today’s experts. There will be no more financial crises “in our lifetimes,” forecast Janet Yellen, Ph.D., three years ago. Now, she says we must mobilize Congress and the Federal Reserve to fight the crisis she said wouldn’t happen. We must do battle with the Sunni Muslims in Iraq, said the experts; the Shi’a are our friends. Now, we must fight the Shi’a in Iran; the Sunni are our friends. Or vice versa? In the past, only the elite could read and write. This gave them a special source of knowledge and power. They could open up their sacred books… and there, they would find wisdom and secrets forbidden to the masses. Then, when the invention of the printing press made literacy more widespread, the elite set up schools to teach people what to think and do. Catholic schools taught obedience to the Pope. Shiite Muslim schools did the same for their Ayatollahs. Secular schools required students to pledge allegiance to the flag. What is the "1170" Investment Account? New Elite Like all things in nature, elites age and decay. Power corrupts them. Wealth weakens them. Over time, each generation becomes more grasping and less competent. In France in 1789, both the aristocracy and the clergy claimed exemption from taxes. They also expected special favors, privileges, and sinecures. This left the entire burden of supporting the government – and the privileged classes – on the backs of people who had relatively little support to give. In the revolution that followed, the sans culottes rose up. Some 17,000 of the elite class were guillotined. Many thousands more were murdered by other means. France then replaced its old dominant class with a new elite – many of whom were the same people. They had merely switched their allegiance – from religion and the king… to science and the new republic! We saw last week that when Team Trump yields to the Biden Bunch, the new White House elite will be a bit more feminine and darker-skinned. But in the ways that matter, they will be of the same tribe, drawn from the best schools and privileged pasts, where they were taught the new faith – that they have a right to rule… relying on their superior knowledge of (social) science. Then, they made their way up through the ranks, joined political parties, took jobs in Washington, moved from lobbying to think tanks to staff positions on Capitol Hill. And there… they found what they were after – power. | Recommended Link | | Do you recognize this mysterious building? What do weather satellites… the Internet… cell phones… and the Mars 'Curiosity' rover… all have in common? They're all connected to this brown building below:
But the technology currently developed inside this mysterious building will change everything… This is bigger than blockchain and 5G. America's #1 tech investor, Jeff Brown, believes this is the most important innovation in our lifetime… And it's worth a potential $15 trillion. | | | -- | Work the System They are not exceptional people. There are millions like them – a whole gaggle of insiders… engineers… professionals… Establishment wonks… and Swamp critters. They know how the system works… and how to work it to their own advantage. They go into education, for example. But they do not bother with the hard work of teaching ideas and skills. They become “educators,” not teachers, pretending that they have some scientific expertise that somehow helps make the system work better. Or they go into “health care.” But do you think they empty bedpans or check temperatures? No, they are “administrators,” providing the crucial interface between the mysteries of the insurance/Obamacare system and the people who actually provide useful medical care. They are undersecretaries of this… vice presidents of that… directors… chiefs… board members… wizards… witch doctors… Grand PooBahs… and acting plenipotentiaries. They help to get regulations passed… And guess what? They are the regulators. Viral: 1.3 Million Folks have Already Seen This Message. They write long laws and codes… incomprehensible to the common man. But they are there to interpret them, to enforce them… and to help other elites get around them. They tell students what to think. They tell the public what to think, too – for they control the newspapers and the TV stations. They are the opinion mongers… the commentators… the columnists… They are “liberal” or they are “conservative.” The emphasis changes. The words and colors, too. One says he is concerned about the plight of the poor. The other says he wants to “make America great again.” Still another says America already is great… It just needs to put the Chinese in their place. | Recommended Link | Americans Now Being Banned for 'Failure to Comply.' Are you next? According to MarketWatch, ordinary Americans are being put on 'restriction lists', being banned from using certain businesses. Why is this happening? And what does it mean for you? Widely-followed geopolitical expert Nick Giambruno explains: "This is just the beginning of a much larger movement I've been watching unfold for years in the United States. Law-abiding Americans will soon have a critical decision to make." Will you be banned next? | | | | Common Goal But they all – Republican and Democrat – have one major goal, shared among them like an STD. They all want to keep the “system” going… and use it to shove more and more wealth and power in their own direction. Biden’s financial experts – headed by Janet Yellen – are tried and true. None will stand in the way of the great flimflam. Continuing the work of Bush, Obama, and Trump… they will provide more money-printing… more stimulus… more bond buying… more fake interest rates and giveaways. Hey… A “bi-partisan” group hopes to push another bailout – almost $1 trillion – this week. So, too, are Biden’s foreign policy experts ready to take the baton from the Trump team… and continue running in the same direction. More pointless wars… more spending… more sanctions and meddling. As these programs continue – foreign and domestic, military and civilian – trillions more will be printed… and spent. And every dollar will go to someone. To whom? Guess. And sad to say, none of America’s elite has yet been guillotined. More to come… Regards, Bill
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Since March, COVID-19 has upended the world’s tech, health, and social habits and compounded the economic weaknesses. These five trends are takeaways from a global pandemic, hijacked by governments and politicians… Advances in Biotechnology Can Now Detect Cancer in Its Earliest Form
Tech expert Jeff Brown explores medical advances that will help us live longer, healthier lives. In one of his latest research opportunities, he visited a company called Health Nucleus, which studies DNA and the human genome to test for disease. What he found could change the face of cancer diagnosis, and healthcare as a whole… MAILBAG On Friday, Bill made the claim that Tesla is overvalued. One dear reader disagrees… while one thinks he’s right on the mark… Respectfully disagree on this one. I remember it took Amazon a few years to go from punching bag to ruler of the world, and the stock price concurs. Of course, the Tesla story is silly on paper, but the U.S. (and world) automakers are so beholden to the internal combustion engine, your few token examples won’t touch Tesla because a) People love the cars; b) China is more interested in going carbon neutral than we are, and they don’t have an entrenched, outdated auto industry. China will be in early, we’ll be in late, and both will want Teslas. Does that translate to the valuation? Probably not. But it makes more sense than bitcoin at $20k. – Joe T. All of Tesla’s profits come from traditional car companies, i.e. VW, GM, Ford, etc., who are required by governments to buy Electric Vehicle Credits from Tesla since they do not make the required minimum percentage of electric cars. Tesla makes 100% electric cars so it has credits to sell. The day that program ends, or the other companies can sell enough EVs to meet the minimums, Tesla goes out of business. – Tom A. Meanwhile, another dear reader believes Joe Biden will soon become irrelevant… Don’t worry about Biden, Yellen, or any of the others that Biden picks for those important cabinet/government positions. In less than 2 weeks, Trump will be declared the winner of the 2020 election and Biden will be irrelevant. RELAX. Trump is going to remain in the White House for four more years! Thank God! – Kelly O. Does an overvalued Tesla make more sense than $20k bitcoin, like Joe says? Are you still waiting on a Trump presidential victory, as Kelly is? Write us at feedback@rogueeconomics.com. IN CASE YOU MISSED IT… Even if You Don't Read Dirty Magazines… Here's one time you should've… In 1981, a dirty magazine published an article that had the potential to make its readers filthy rich. They interviewed the author of Microcosm in 1990, Life After Television in 1994, and Telecosm in 2002. Each one of these books issued predictions of new tech that took the world by storm and would gotten you ahead of the millions of people investing in them. Today this same author has a new book and wrote: "The next paradigm could impact over $16.8 trillion in the world economy. And you could get very rich as it does." Click here to learn how to get a copy of this book showing you the companies that could make you fortunes.
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