BALTIMORE – Here at the Diary, we always take the side of the underdog, the diehard, and the lost cause.

It’s beginning to look like Donald Trump may be all three.

So today we extend a helping hand with an open letter to the Republican presidential candidate…

Virtue of Ignorance

Dear Mr. Trump,

First, we would like to apologize for all the insightful and well-informed things we have written about you. (Catch up here, here, and here.)

But please keep in mind the context in which those remarks were made.

Honestly, we think you’re tremendous.  Tremendous.  We love you. You are an imbecile, it’s true. But at least you are not a conniving, power-grasping, finger-pointing harpy.

You at least have the virtue of ignorance.

You seem to have no idea what you are doing – like an oversized plant in the lobby of the Eccles Building with no clue about what really goes on in the offices above you.

So, of the two candidates, you are probably the least repulsive in many ways. It is hard to tell.

Second, our reason for writing is to help you…

You may recall that when Mr. Bernanke gave up his post at the Fed, our name was mentioned. Not positively, of course. But what do you expect?

Our central bank has been taken over by delusional economists who believe they can improve on the workings of a free market by fixing the price of credit. So, anyone close enough to the Fed to have an opinion about the next chief is by definition a fantasist.

That is why I would like to offer you an alternative…

Rigged System

I recognize that there is little chance you will be elected because of the  amateurish and brutish way you have conducted yourself – both during the campaign and during your entire life (if you don’t mind us saying so).

You claim the “system is rigged.” But you never seemed to understand how.

You never mentioned that the economy has been distorted by fake money (the purely paper fiat dollar).

You never understood how the political system was perverted, either. You never bothered to explain how Ms. Clinton, her husband, and the entire Deep State establishment corrupted the nation… or how they profited from it.  Ms. Clinton had to be the biggest, easiest target a politician could ask for.  Just look at today’s front page of USA Today.  And you missed!

And you never offered a single coherent proposal for correcting these things.

This left the dunderheads in the press to focus almost exclusively on “character” issues – you know, like using your celebrity status to get away with groping women against their wishes… or using an almost $1 billion tax-loss carryforward to avoid paying federal income taxes for over a decade.

(Speaking honestly… man to man… we sympathize with you on these issues. Although we’ve never had the cojones to grab a woman’s derriere uninvited, we’ve also never seen a tax loophole that we didn’t want to kiss, grope, and fondle.)

In any event, it is in the spirit of ersatz helpfulness and civic mischief that we write to you now. We would like to help you shift the focus of the press coverage from the Flawed Person to the Solid Plan.

Man Without a Plan

The problem was always painfully obvious: You didn’t have a plan that was worth a damn.

That’s why you were always humming and faking… improvising… making it up as you went along.

That got you the support of people who wanted a “strong” personality on the national stage… someone unfettered by real thought or study.

But, sadly, it left the cameras looking at your head rather than Hillary’s… and at the hole where there should have been a real plan… rather than the insidious, parasitic, larcenous, but nevertheless real, plan of your opponent.

You probably have no idea what we’re talking about. You’re a dealmaker. A promoter. A showman. An impresario. A real P.T. Barnum. A lion tamer and a freak show in one tent.

Those qualities keep you in the media spotlight. And they have made you the choice for voters who hate Hillary and her Establishment chums.

But those qualities aren’t enough. The decline of the U.S. has nothing to do with “bad deals.” It is not because China makes things cheaper than we do. It is not because Mexicans come to the U.S… or because extremist Muslims blow each other to bits.

And now, as more and more people see the caddish clown you really are (sorry, but this is no time to mince words), you are going down in defeat.

And yes, you can blame the Republican Party, The New York Times, and the rest of the mainstream media for your fall in the polls, but they will be laughing all the way to the inaugural ball.

The nation, meanwhile, will be stuck at least for four years – and probably eight – with the Clinton-Bush-Deep State cabal.

Real Money, Balanced Budgets

Here with an alternative:

You are right. The system is rigged. It’s time for a change.

Announce a Plan for Real National Renewal. A bold plan. One that will deflect attention away from your slimy character and onto something that really matters. It has three simple points:

1. Honest money – Reestablish a gold-backed dollar. Abolish the Fed.

2. Smaller government – Cut taxes by 50%. Balance the budget.

3. Bury the Deep State – No. 1 and No. 2 above ought to take care of it.

That should be enough.

Real money and a balanced budget will force big cutbacks. The pointless wars will end. The misallocation of precious, scarce resources will be greatly reduced. People will once again borrow, lend, spend, and invest real money… carefully.

Real wealth will increase as a result.

And it should win over the intelligent voters who have thought these things through – both of them.

Oh, yes… and one more thing: Make sure you have a good insurance plan. We wouldn’t want to see Melania and the kids suffer too much after the Deep State guns you down.




P.S. In the unlikely event that you win, I am available for the top job at the Fed.

Market Insight


The one major bright spot this year for investors has been the emerging markets…

As you can see from today’s chart, stocks in the so-called BRIC emerging markets – Brazil, Russia, India, and China – are up 23% so far in 2016.

That compares with a 15% gain for a broader basket of emerging-market stocks and a 6% gain for the S&P 500.

Featured Reads

The Founding Fathers Would Be Ashamed…
This year’s presidential election is a rollicking, entertaining scam. You see, the U.S. is not controlled by the president or by Congress. But rather by the Deep State.

Hedge Funds Are Fleeing Gold
There’s a tussle going on in the gold market between professional money managers and exchange-traded fund (ETF) investors. Hedge fund investors are dumping the metal while investors in ETFs are piling in.

Why a Hillary Landslide Could Be Bad News for Stocks
It could be a blowout election win for Hillary in November. And that’s worrying stock market investors. Things could get very unpleasant for Wall Street if the Democrats control both sides of Pennsylvania Avenue.

In Case You Missed It

Today we have a special message to share from Casey Report editor E.B. Tucker. As E.B. explains, gold stocks move in extreme cycles… and they’re currently preparing for the next boom.

This boom may be the biggest we’ve seen in our lifetimes…


The uproar over Bill’s dubious coverage of the presidential election continues today. And it’s led to yet more subscription-cancellation requests…

Was about to renew my [Bill Bonner Letter] subscription when your bashing of Trump started… and continued and continued. Not appropriate and not necessary. Just sayin I’m gone.

– Mike L.

Please take me off your email list. It is appalling to me as an intelligent, successful businesswoman that you point to Hillary’s issues and wealth and don’t spend one bit of your text real estate condemning Trump’s appalling comments.

“Ungentlemanly comportment” is what you call it? What a disgrace.

– Wendy L.

But not everyone is put out by Bill’s comments…

The people writing to cancel their subscriptions due to your treatment of Mr. Trump seem to have completely missed the point.

To them, it appears that anything said against Mr. Trump is automatically in support of Mrs. Clinton. They appear not to be capable of imagining any political reality outside of the tired Democrat-Republican Party dichotomy. Such persons, with their limited imaginations, will not be missed, as they could never have benefited from the advice dispensed in your newsletters.

Please keep up the good work of sharing your musings on what constitutes reality without the filters put in place by the political elites, the money masters, and the privileged media. Shake the dust of the dissenters off your shoes and never look back.

– Samuel H.

If the irate letters demanding the cancellation of subscriptions show anything at all, it’s that the real enemy in this growing financial and political catastrophe is not the “elites,” but the poor, delusional masses who tolerate – if not celebrate – the Donalds and Hillarys of this world.

What we need – and I include those who are so quick to jump ship every time they are confronted with challenging ideas – is not more “saviors” to carry our burdens, but people who help us to think.

As a non-American with a less-thanenchanted view of contemporary America, your writing is a reminder of what is, and always has been, truly great about your country. If it makes any difference to you, I am relieved and inspired (if not to say entertained) by your writing. And I have no intention of asking for my money back.

– Dave H.

I have to agree with you on the election being all about Trump. Hillary’s ideal opponent would have done well to learn the art of the pregnant pause Reagan mastered so well, if he wanted to win.

– Michael C.

Thanks for your ongoing observations, insights and humor. And in particular for interjecting Andrew Marvell as leavening for the roiling turns of events and their causes.

– Michael H.

I think your article concerning frustration with elections is right on.

We are all responsible for this debacle! We need to pay this price, and we deserve everything that comes our way. Our ancestors understood this precept – What we sow, we reap!

– Victoria W.

You say that half your readers are mad because they think you are soft on Hillary. Half are mad because you are hard on Donald. And the other half expect you to come out of the closet any day with an endorsement of Gary Johnson.

Is this a Common Core math technique to conclude that the Deep State wins the election?

– Lloyd S.