War of the woke

[Bill Bonner’s Diary]( War of the Woke By Bill Bonner Friday, September 10, 2021 They mainly attributed the peaceful dominion of religion in their country to the separation of church and state. I do not hesitate to affirm that during my stay in America, I did not meet with a single individual, of the clergy or of the laity, who was not of the same opinion upon this point. – Democracy in America, by Alexis de Tocqueville [Bill Bonner] YOUGHAL, IRELAND – Does freedom pay? Thank the long-suffering people of North Korea for their real-world/real-time test. The elite in North Korea has been telling them what to do for more than half a century… with predictable results – grinding poverty… and outright starvation. And we are grateful. Otherwise, the theory – that the freer the society, the richer the people – would be just a theory… buttressed only by speculation, logic, and anecdotal evidence. But the test on the Korean Peninsula was almost perfect. Same people. Same resources. Same climate. Same time (the test began in 1953). More or less the same starting position (the U.S. had pulverized North Korea in the war; but so had it smashed up Japan and Germany). The southerners chose freedom – moderated, as always, by government, social norms, and so forth. The group in the North went for non-freedom… ruthlessly, sternly enforced by the Kim Il-Sung and then Kim Jong-Il communist governments. The result? The South Korean economy is now nearly 100 times bigger than the economy of North Korea. The average South Korean has nearly 50 times more wealth. [Featured: 2,000X Bigger than Bitcoin? Forbes calls THIS the Future]( He will live to an average age of 79, which is 11 years longer than the North Korean male (and a couple of years more than the average man in the U.S.). And to top it off, the free people of the South are between 1 and 3 inches taller than those in the North, thanks to getting enough to eat. Conclusion: Freedom makes a big difference in the economic world. But does it work elsewhere? Recommended Link [Mark Cuban Betting BIG on This (He Just Doubled Down)]( [ad_img]( The outspoken Shark Tank billionaire Mark Cuban just stunned the internet. Yahoo Finance reports: “Mr. Cuban tells savvy investors that if he were to do it all over again, he would center his business around [G.T.E.] technology.” So it’s no surprise he doubled down on his investment in this bizarre technology. [Click here]( to learn how to stake your claim in this investment for $25. [Watch the full story here.]( -- Born Unfree Thomas Jefferson, in a flight of fancy or wishful thinking, wrote that “all men are born free…” Clearly, they are not. They are born subject to the laws and regulations of the place they are hatched. In the U.S., Forbes Magazine calculated that some 88,899 rules and regulations were brought in from 1995 to 2016 alone, along with 4,312 laws. And a newborn also has his share of the $28 trillion national debt. No matter that he had no say in it… and got nothing from it. Recommended Link [HUGE News: Wall Street Legend Who Picked Bitcoin in 2016 Shares #1 Pick for the 2020s…]( [image]( Picking the right “investment of the decade” can transform your life… Microsoft in the ‘80s… Amazon in the ‘90s… Apple in the 2000s… Bitcoin in 2016… Any one of these could have made you a millionaire many times over. Starting with very little. Today, the Wall Street legend who picked the last “investment of the decade”… months (even years) before his peers… will finally reveal his new #1 pick for the 2020s. It’s not 5G, artificial intelligence, EVs, or clean energy. The answer will surprise you. And for those who take early action, it could lead to [a massive potential payout](. [See #1 Pick]( -- Religious Crusades But Jefferson and the Founding Fathers at least tried to put some things off limits to bossy-pants rulers. We now take religious freedom for granted. But that was not always the case. Here in Ireland, for example, Catholics were punished, starved, marginalized, burned out, chased out… driven “to Hell… or to Connaught”… and killed outright. The “religious” wars in Europe – 1522 to 1648 – took the lives of as many as 18 million people. And earlier still, the Crusades against heretics, the Ottoman Empire, and free-thinkers lasted for hundreds of years – until the last Moor was driven from the Iberian Peninsula in 1492 in the Reconquista. After that, some different religions were tolerated in some places at some times. In Transylvania, in 1568, for example, the Diet – the legislative, administrative, and judicial body – enacted the Edict of Torda. In it, Catholicism, Lutheranism, Unitarism, and Calvinism were permitted, but they drew the line at outright religious freedom. [Featured: WARNING: Is Your Bank on this List?]( Jews generally required special permission to live in a city, except in Poland, where they enjoyed substantial autonomy, given to them in the Statute of Kalisz of 1264. But it wasn’t until the founding of the United States of America that real religious freedom was firmly established. Instead of granting people the right to practice their religion – or “tolerating” them – the idea in the First Amendment is that religion is none of the government’s business. The feds can give no permission; they have none to give. The result? Here, too, freedom paid off. Different sects competed for hearts, minds, and souls… and generally flourished without resort to violence. Recommended Link [How is your 401k doing today?]( [image]( Why make only 3% when you could make 582% on your money? Instead of buying stocks and praying they go up… Jeff Clark’s “Money Multiplier” strategy could’ve helped you put 194x MORE money into your account… over the same time! Instead of barely squeezing a paltry $150 out of the market… you could have had the chance to make $29,100! Want to see how it works? [Show me the way!]( -- Unfree Speech And how about Freedom of the Press? One of the cardinal values of a free and prosperous society – also guaranteed by the First Amendment – is the ability to say what you think – even if it is idiotic. But among the dogma of the new Woke Religion is that saying the wrong thing can be almost as bad as violence. If it makes someone feel bad, they say, it is a “micro-aggression,” and should be outlawed. In the news yesterday was an item from Texas. The University of Texas is being encouraged to eliminate its anthem, The Eyes of Texas are Upon You, not because of anything in the song itself, but because “it makes black students feel unwelcome.” Can you talk openly about race in America today? How about the coronavirus… and vaccines? Or sex? You can be as gross and indelicate as you want… but try to talk publicly about the differences between the sexes… and why a man may not be “cut out” to make a good momma… or why you may not be able to turn him into a woman just by hacking off his genitals… and see how far you get. Say what you really think, and you could lose your job, your career, your friends… and be harassed into hiding. And it’s not the government itself that shuts you up… but the “free press”… and the keyboard warriors on social media! How so? Come back on Monday and we’ll take a look. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=War of the woke). --------------------------------------------------------------- FEATURED READS [The United AutoWorkers Union Turns on President Biden]( Biden’s goal is that by 2030, half of the vehicles sold in the U.S. would be electric. But the United AutoWorkers Union (UAW) fears the amount of jobs that would be lost during this transition, as EVs take about 30% less labor to assemble than a traditional vehicle... [One Third of U.S. Consumers Behind on “Buy Now, Pay Later” Payments]( recent study by Credit Karma shows that one third of U.S. consumers who use “buy now, pay later” credit services are behind on their payments. And 72% of these have seen a decline in their credit score. MAILBAG A dear reader appreciates Wednesday’s missive,“[Screw Your Freedom](... while others debate freedom of choice when it comes to the coronavirus vaccines… I love your writing and your style, but on your vaccine musings you are totally wrong. The simple fact is that a reported 2.4 million people have died from this virus. Most of those would not have died had they been vaccinated. That remains a fact, no matter what lipstick you want to put on it. The morons you refer to are exemplified by people like Governor Greg Abbott. – John N. As in most things debatable around this pandemic, the vaccinated cannot even fully enjoy that status. In their eyes, the unvaccinated make possible the “variants” that otherwise would be snuffed out, and therefore cause them to anticipate, perhaps gleefully, more boosters. There’s so little satisfaction in all this. – Michael C. I have no problem with you exercising your freedom of choice when the vaccination comes into play. My only concern is I don’t want to pay your medical bills. Freedom of choice comes with a deterrent. You play, you pay. This coming from a person that strongly believes in the First Amendment. – Don M. I have been following Bill for over a year. Best investment of my time and money in a long time. Tuesday’s newsletter was the best so far! I am in total agreement with that rambling… especially as I sit patiently in a hospital waiting room full of morons running the asylum. So thankful I am retired from nursing. I could never work under these conditions. Keep writing, Bill, it’s my daily dose of sanity. – Polly L. Does freedom of choice come with a deterrent, as Don believes? Can vaccinated Americans “enjoy” that status or are they stuck in a vicious cycle of uncertainty, as Michael says? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=War of the woke). 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