NORMANDY, France – We spent the weekend working on an old farmhouse.
Our contribution was to replace some of the terracotta tiles on top of a side wall so water doesn’t seep in.
These stone walls are laid up with a mixture of lime and water, not cement. They don’t hold up well against water. So, we put up a little “roof” – a few tiles to shed the rain.
With luck, the wall will last another 20 or 30 years before more repairs are needed.
Meanwhile, the markets are eerily quiet… like an angry man with something on his mind and a shotgun in his hand.
We will leave them to brood… and return to the spectacle of the U.S. presidential primaries.
On display are all the pretenses, conceits, and absurdities of modern government. And now, the race narrows to the two most widely distrusted and loathed candidates.
The first, a loose reality-TV star with a hot wife who will say whatever pops into his head. The second, a tightly controlled Lady MacBeth… who will say nothing unless it advances her ambitions.
Last week, we mentioned that we would not vote for either one. And for once, we brought our dear readers together… marching ensemble under a single banner.
Yes, readers spoke back with a single voice, loud and clear. They agreed with one another on one important point: Your editor is an idiot. They only disagreed on the details… that is, about which type of idiot we are.
Writes one dear reader:
Until I read your comments about Donald Trump, I thought you were insightful and smart. Now, I know you have blinded yourself to the dangers that The Donald represents.
Mr. Bonner: I had you in my list of intelligent persons. But after your statement that “nobody was going to see you voting for Hillary or Trump” I had to take you out of that short list. When the campaign started I didn’t like Trump. When the election will arrive I will be casting my vote for him.
Our beef with democracy is that it is a fraud.
It pretends to put the people in charge. Instead, it picks their pockets and cheapens their lives.
They willingly and enthusiastically participate in its solemn deceits – its elections, its wars, its taxes, and its hangings. They not only want to vote… they also believe they have an obligation to tell others to vote.
It’s as though the entire thing might fall apart if any mutt slips the kennel. They feel that we all have a duty to support the system, no matter how much it swindles us.
And so, we are bid to stand in line… to cast our ballot… and thus to join in the ritual humbug – the national election. More important, we are asked to BELIEVE things that are palpably and provably untrue.
“Every vote counts!”
Wrong! Statisticians have worked it out. The odds your vote counts are vanishingly remote. You may as well stay home; it won’t make any difference.
“If you don’t vote, you’re giving a vote to the other side.”
Wrong! By not voting, you’re denying both candidates your approval.
“If you don’t vote, you can’t complain.”
We’ve been doing both for many years. The abstainer is the only one among us whose hands are clean… the only one who can honestly say he had “nothing to do with it.”
Another reader’s plea – “Pick the lesser of two evils” – is what is urged on us today.
But that is what German voters said to themselves in the election of 1932… which left the Nazis as the biggest party in the Reichstag.
On the one hand were the socialists and the Bolsheviks. On the other was that bulwark against chaos: Mr. Hitler.
He was the “lesser of two evils,” they said. And maybe he was. But who, in 1945, would admit to having voted for him?
Ms. Clinton? Mr. Trump? How do you ever know which is the lesser evil? And why would you want to approve any evil… no matter how much lesser it is?
Why would you want to get involved at all?
But wait… that’s the way myths work, isn’t it?
We ALL have to believe. We all have to be complicit… whether it means throwing a virgin in the volcano… or handing out rations in a gulag.
We are all implicated… we are the “trustees” of the Deep State’s prison system… ready to “do our duty” to preserve the status quo.
They could never have built pyramids if people hadn’t believed that they served some higher purpose… if the gods themselves hadn’t commanded it…
…Napoleon could never have invaded Russia if his soldiers had stopped to ask: “Uh… why do we want to march all the way to Moscow and back in the wintertime?”
…and now, we would never elect Donald Trump… or Hillary Clinton… unless we believed that somehow the gods of democracy sit in judgment… requiring that we all “do our part.”
But maybe the gods don’t give a damn.
Come election day, we could stand in line with millions of others to participate in building pyramids for our 21st-century gods. Or we can fix a fence down at the farm.
If we choose to fix the fence, we know the world will be a better place – albeit in a small measure.
And if we were to choose to vote… we would ask ourselves, “Would Jefferson vote for Trump or Clinton?”
More to come…
Further reading: Bill just aired a brand-new interview that blew the cover off what some people are calling the U.S. government’s “secret financial war.”
It’s a battle that Washington is about to lose… and the fallout will be almost unimaginable. Strikes, riots, market crashes, food shortages… these are just a few of the things we can expect.
That’s why Bill has outlined some “real action steps” you can take to prepare for what’s coming. Watch here now.
BY CHRIS LOWE, EDITOR AT LARGE
In U.S. dollar terms, the Russian stock market lost 73% from its peak in 2011 to its trough four months ago.
But investors who ignored the crowds and invested in Russia have been richly rewarded in 2016.
Today’s chart is of the Market Vectors Russia ETF (RSX). It tracks the U.S. dollar returns of a basket of Russia’s most widely traded stocks.
As you can see from today’s chart, RSX in U.S. dollar terms is up 39% since bottoming in January.
That compares with a 7% gain for the S&P 500.
Trump Just Threatened Your 401(k)
Last week, Donald Trump said if U.S. debt levels got too high, he’d “make a deal” with creditors. That means a default. And it’s a direct threat to your Treasury bond-filled 401(k).
The Real Reason Wall Street Is Rooting for Clinton
Hillary Clinton takes millions in donations from Wall Street. But the real reason the Street wants her to win is that stocks tend to do markedly better when the incumbent party wins the presidential election.
Resource Investing Expert: My Three Best Gold Picks
In a private interview with the Diary, one of the top resource investing experts in the game gives his advice for how to buy and store gold. He also reveals his three best gold stock picks.
Yesterday’s Diary about TIME magazine’s vapid list of the world’s “100 Most Influential People” resonated with a lot of readers.
Oh man, how do I respond? How about “AMEN BROTHER!”– Matt C.
I am becoming old and syndical like you, except I threw the TIME magazine away as complete rubbish after flipping through a few pages.– Doug S.
I read your article on “influential people.” And while I agree that all these celebrities they name is ridiculous, I wonder who you think are influential people in the world. It’s easy to say that these people aren’t what they claim to be, I didn’t see any rebuttal on who you would listen to. I have been telling my wife for years that I hope these people are as good as she thinks they are so maybe you could shed light on people who are important.– Michael G.
Meanwhile, the angry emails about Bill’s refusal for vote for either Clinton or Trump continue to pour in…
By not voting for Trump, you send half a vote for Clinton. Pick the lesser of two evils.– Robert M.
I will vote for Trump or Pinocchio to keep us from electing Clinton. A “don’t vote” is a vote for Clinton. If you aren’t going to effectively vote for Clinton, please cancel my subscription.– Einar S.
If the election comes down to Hillary and “The Donald,” as now appears likely, I will not “write in” some inevitable loser like Cruz or Kasich. Nor will I sulk on that November Tuesday by refusing to cast a ballot.
I will eat a hearty breakfast, put on my big boy pants, drive to my voting precinct and throw the lever for Trump. Then, I’ll drive back home and try not to vomit on the way.– Ken C.
I agree with those who say it is just foolish not to vote because you don’t like either one. Ideal candidates are non-existent, and always will be. At least in this contest there are stark differences, unlike the past Bush years.
Pick the one you detest the most, and vote for the other. Forget the socialist.– Ronald S.
As an American of draft age in 1969, I volunteered for service in the Coast Guard because I wanted the opportunity to help other people.
While enlisted, I realized that I had the duty to support my government’s position on Vietnam, not because I believed in their cause, but because I had the duty to support the promise our government had made to another country.
I did not want to kill people. But I did my duty to the best of my considerable ability. Duty is not always pleasant, but it is a requirement of living in a free society.
If both sides of discourse are not heard, decisions are made on skewed information, leading to predictably bad outcomes. It is our duty to present the facts as we best understand them. It is then our duty to VOTE to support our position based on the best information we have.
None of the procedure is perfect, but all of it is our duty as an American.– William C.
And finally, some words of encouragement for Bill…
Wow… there’s a firestorm in today’s mailbag. And I had to write us both some encouraging words because I believe as you do that I cannot vote for either a Clinton or a Trump.
Choosing not to vote is now a viable option. I used to cherish the gift of living in a country that gives me a vote. And I take my vote very seriously. I have never not voted in my 34 years of having the right…
Now, in effect, I give back my vote. I don’t want it anymore because this thing we call “government” is off the rails. And a vote for either presumed candidate would make me complicit in the train wreck.
Thank you for taking a stand. I stand with you.– Maureen B.
Currencies expert Jim Rickards says that gold is on its way to $10,000 per ounce.