By Bill Bonner – The Bill Bonner Letter (USA) –
In the following few words, you will discover an unpopular answer to a popular question.
Observing the U.S. presidential election, people all over the world want to know: “What happened?”
Drawing the question out a bit further, “how does it come to be that a nation of 330 million people – including some of the smartest, most accomplished, most dynamic people on Earth – end up with a choice between a fool and a knave? Is this the best you can do?”
Money is our beat at The Bill Bonner Letter, not politics. But as you will see, money and politics intersect. Trigger warning: It can be a dangerous intersection, and unsettling to your ideas of “how things ought to be.”
We have argued in previous issues that the U.S. is a “republic” or a “democracy” in name only. Elections have only a marginal effect on important policy decisions. Real power is held – as it always is – by insiders, known as the Deep State, the Establishment, or the Elite.