OUZILLY, France – The scalawag or the scoundrel?

The choice is yours, America.

Never in our memory has a race for president brought such consternation.

Nightmare Candidates

The Democrats are dismayed because their standard-bearer is a rich, war-mongering, billionaire-coddling, Parasitocracy-loving retrograde.

In other words, the Democratic candidate is their own worst vision of a Republican.

Last year, the Clintons reported over $10 million in income – which puts them among the richest of the rich.

Republican Party candidate Donald Trump claims Hillary has gotten $48 million in campaign money from hedge funds, while he got only a lousy $19,000.

Hillary is the candidate of the rich, the privileged, and the Deep State.

The Republicans, on the other hand, are dismayed because their candidate is a loose cannon… a nut… and a megalomaniac.

Worse, he’s a man they can’t trust, who may undo all their fixes, their tax breaks, and their sweet, crony deals.

Reckless and undisciplined, Trump, they fear, may send the country into financial chaos… and unleash the populist mobs against the Washington and Wall Street insiders.

In other words, their man is not a Republican at all, but a nightmare Democrat!

Nonsense and Numskullery

The election would be dismaying to us too… if we took it seriously.

But c’mon! This is just an election.

For those with a residual sense of mischief, it is pure entertainment. For the witless masses, it is just an exercise in self-seeking, self-glorification, and self-deceit.

The lumpen electorate are supposed to think they hold in their hands the future of the country… and of the world.

And that they carefully… earnestly… rationally will choose the way forward – weighing the alternatives in a measured, sensible way… after considering all the angles and arguments…

…and, of course, figuring out which side of the bread has the jam on it.

What will really happen is that the campaigning will go on for another three months… we will get great horse-laughs from the nonsense and numskullery from the candidates… the people will vote… and then the elite can get on with the job of plundering the country for its own benefit.

Clash of Myths

But to fully appreciate the next 83 days, you have to realize that an election campaign is not a contest between truth and falsity, or good and evil.

It is merely a competition between different forms of claptrap.

Like the great battle on the Eastern Front in World War II between Soviets and Nazis… or the showdown between rap and free jazz… or between capri pants and sandals with black socks.

There are some fights where the best outcome would be for both sides to lose.

You should also realize that people believe far more passionately in things that aren’t true than in things that are.

The unreality of them demands greater loyalty and more faith… just as it requires much more energy and skill to climb a tree than it does to stand on level ground.

Once they have grabbed ahold of a popular myth, people cling to it so fiercely, you have to call the fire department to get them down.

The most accurate and amusing way to view the election campaign is as a clash of myths.

That is, it’s a matter of aesthetics.

Nobody Knows Anything

Part of the mythmaking charm of human beings is the ability to come up with elaborate confections.

Everything makes sense on the surface, but dig down a bit and nothing really makes any sense at all. They come up with “reasons” why this is so… or “reasons” why its exact opposite is so.

In the end, the reasons don’t matter.

Like the Supreme Court deciding what is and what is not pornography, the voters only really know what they like. They don’t even know why they like it.

Americans think they are choosing their president on the basis of which one will make the better chief executive.

But what, actually, is a good president?

Nobody knows.

Is a good president one who preserves the peace, balances the budget, and protects property?

Not necessarily.

Lincoln is judged one of the best presidents, even though he caused the violent deaths of more Americans than any other in history – over 1 million dead or wounded – the highest U.S. casualty toll in any war before or since.

Good presidents are not objectively “good”… they are just part of the national myth. Lincoln is judged “good” because he “held the country together.”

Quick question: Would people be worse off if the South had been allowed to go its own way?

Nobody knows.

Nobody knows anything – neither what is a good president, nor who will make a good one.

But what about their policies?

Aren’t voters really standing at a crossroads and deciding between two different paths?

What are the policy differences between the Scoundrel and the Scalawag?

Let’s look at those tomorrow…

Regards,

Signature

Bill

Further Reading: As Bill keeps saying… it doesn’t really matter who wins the race for the White House. The Deep State already controls just about every aspect of American life.

In his latest warning, Bill exposes how the cronies behind the Deep State have pushed the world to the brink of an irreversible disaster. Learn more here as Bill reveals how it will all unfold… and, more importantly, how it’ll change your life forever.

Market Insight

Editor’s Note: For today’s Market Insight, we bring you some more expert commentary from Tom Dyson, founder of Palm Beach Research Group, and Teeka Tiwari, editor of The Palm Beach Letter.

Teeka Tiwari: In 2014, I sat down with some very smart guys telling me that negative interest rates were happening, and I thought these guys were off their rocker, because it sounded crazy.

Now those same guys are telling me that helicopter money is coming, and this time I’m listening.

And I’m looking to make moves that are going to put us in a position to just make buckets full of money.

Tom Dyson: Yep. And that might include looking at cryptocurrency opportunities.

Teeka: Yes, indeed. Now, again, I think in a normalized interest rate environment or normalized monetary system, cryptos would have failed completely.

Tom: Yeah, but there’s a perfect amount for them, the ideal situation to blossom and grow. Cryptocurrencies couldn’t be more perfect.

Teeka: Right. I mean, you know, people are talking about this idea of banning cash or severely restricting the usage of cash. I mean, to me, that’s just going to fan the flames of cryptocurrencies.

Tom: Yeah, me too. I think this is going to be more and more in the news. Prices going up, people talking about it more, and people using them more.

Teeka: Yes. And I think they’re going to be used in different ways.

You know, I’ve gone on record and recommended three cryptocurrencies that have done incredibly well. One of them has gone up triple digits, another one’s up about 60, 70%, another one’s up double digits.

But there’s a new cryptocurrency that I am investigating right now. I’m actually trying to get a meeting with a guy that created it, and my guys are working on it and I’m working on it.

I’m really excited about that idea. I think if that idea, even just the hint that that idea, could take off, it could go up 50 times in value. It’s just got that type of potential upside.

Tom: Yeah, what I love about cryptocurrencies is that you can make a very good argument that they are worth nothing, and you can make a very good argument that they’re worth infinity, and you can’t argue against either one.

They’re almost like the perfect commodity that has no intrinsic value except for the benefits it gives to the user, so you can really value them anything. And that’s what makes them so exciting.

There’s no other market I could say this about, but I can say this about cryptocurrencies. They could go up a million times in value. And you can’t argue against that.

Teeka: Yeah, for sure. I think there’s huge opportunities in cryptos and I think they have a place in everybody’s portfolio.

Editor’s Note: Over the last few months, Tom and Teeka have been working behind the scenes to provide their readers with investment ideas never meant for “common” ears. And now one of their contacts deep inside the U.S. government has given them just what they’ve been looking for…

It’s a special signal from one of the most powerful federal agencies. And it’s showing Tom and Teeka which stocks will take off… before they begin to rise. The next signal is due August 26, so check out their research before you miss out.


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Mailbag

Bill’s recent issues about farming (catch up here and here) have proven to be extremely popular. More feedback today from our rural readers…

Having farmed my whole life, I finally figured out how to become a millionaire from farming. You just have to start out with several million.

– Steve P.

One of the farmers suggested going into business as a way to make money. Perhaps, he and other farmers ought to realize that “farming” is a business! If you don’t run it like a business you will soon be out of business. When will folks get it? A free lunch has never existed and never will.

– Frank B.

In today’s Diary you calculated 160 bushel per acre wheat in France. I think you are right in questioning your calculations. One hundred bushel per acre wheat on the best ground in the U.S. and Canada is possible, but not 160 per acre.

Your French farming friend also noted that the ground was “poor.” One hundred bushel yields are only possible on the most fertile land… and then only when it is fertilized heavily and rains come in a timely manner. If they are dry land farming in France (no irrigation), I’d be surprised to see more than 60-to-70-bushel wheat from what is described as poor land.

– John D.

From the looks of your garden, I’d get a new gardener.

Sincerely, an old Minnesota Farmer.

– Dean W.

Bill’s description of going to a church concert on Assumption Day has also prompted some interesting responses…

Thanks so much for the introduction to Rodrigo’s “Concierto de Aranjuez.”

Out of curiosity after reading your Diary’s reference to the music, I pulled it up on YouTube [find it here] and enjoyed his performance. This is a beautiful piece. Now I’m adding it to my collection.

– Doug L.

But not everyone was happy with Bill after reading the Assumption Day issue

I’m very disappointed in you, Bill Bonner. Since this spring, I’ve invested in several of your publications. Lots of money. But what gave you the right to mock my faith?

I sense that you have left your faith. But does it mean you can show disrespect to mine and many of your subscribers. What is this “Maculate Conception”?

Keep your opinions to yourself when it comes to religion.

– Lee H.


In Case You Missed It…

Our friends at Palm Beach Research Group just released a startling new research presentation. They say they’ve uncovered a secret government signal that shows when certain stocks are going to take off.

The next signal is due out in just 8 days…