Public policy: An elaborate fraud

[Bill Bonner’s Diary]( Public Policy: An Elaborate Fraud By Bill Bonner Tuesday, November 9, 2021 To all the young people out there – I want you to stay angry. I want you to stay frustrated. – Barack Obama to climate activists [Bill Bonner] BALTIMORE, MARYLAND – A dear reader, Steve S., writes: “I read all of Bill’s blogs. Obviously they are sarcastic and generally negative. Usually criticizing and pointing fingers. But I don’t ever see the positive aspects. What exactly does Bill want? How would he fix the problems? What does Bill actually stand for?” We’re glad you asked, Steve. We stand for nothing. We only know what we like. Truth, rather than lies. Beauty, rather than ugliness. And freedom over slavery. Even as to that, it is not so much that we care about “freedom;” we just don’t like anyone telling us what to do. And why should they? We know what we want better than they do. Recommended Link [Are you ready for Congress’ “Wealth Transfer Act”?]( [ad_img]( The mainstream media will NOT cover this story… But luckily Teeka Tiwari is revealing all the details of this terrifying new bill that’s working its way through Congress. He’ll even give away the name and ticker of his #1 investment for this new trend. [Click here to see it.]( -- Lessons Learned Of course, we do not claim to know everything. We admit, in fact, that we know very little. We can take a fair guess about tomorrow’s temperature… but as for 10 years from now, we know no more than the climatologists. But man must have some way of guiding his actions. He makes his guesses… he puts 2 and 2 together… and he turns to the lessons learned over centuries: Don’t spend more than you can afford… Don’t invade Russia… And if you find yourself in a spooky house, don’t go down into the basement. Major Screw-Up If we are “generally negative,” it is because we are commenting on public policy… which is almost always an elaborate fraud, backed by brute force. Wars… central planning… world improvement – can you give us one example of a large public policy that wasn’t a scam, a waste of money, or a major screw-up? The only ones that are even borderline worthwhile are those where we were fighting someone else’s even worse public policy… …such as World War II. In the early 1940s, America mobilized in what was the biggest public policy move in U.S. history. Automobiles stopped rolling from the assembly lines; tanks took their place. Sixteen million men and women joined the armed forces. U.S. debt soared. It was probably wasteful and foolish in many respects, but under the circumstances, almost everyone agreed that it was the right thing to do. [Featured: Introducing: The 3-Stock Retirement Blueprint]( Misguided Policies But the World War II global catastrophe wasn’t caused by the U.S., or by greedy corporations… or old white men… or by a lack of diversity on school boards… or by a virus or changing weather patterns. As German Holocaust survivor Hannah Arendt explained, it wasn’t caused by “hate,” either. It was caused by public policies initiated by politicians and administered by bureaucrats. Could the problem be fixed? Probably not. People do jackass things from time to time… and think they’re making improvements. In the 1930s, Germany thought it could enhance its “[Lebensraum]( Japan wanted to increase its “co-prosperity sphere.” Both looked to win by making weaker neighbors lose. Adolf Hitler even drew a comparison with American pioneers, who took land from native tribes in order to develop their own Lebensraum, from sea to shining sea. The world would be a better place, he argued, if Germans were able to more efficiently exploit the “under-used” lands to the East. And who could say he was wrong? The invaders might have treated the Poles well. They might have brought tractors and increased productivity and wages. They might have actually made the Steppes bloom and hearts glad. Recommended Link [GM and Toyota Shut Down]( [image]( Once again, the word "Crisis" is being thrown around. But this is unlike anything we've seen before… ➔ Major automakers - from GM to Toyota are shutting their factories. ➔ Analysts are warning that Christmas, as we know it, may not happen this year. ➔ And massive food distributor, Sysco, says it's going to have trouble stocking grocery store shelves. Not because of a recession or virus…not because of a new lockdown or war… But the very opposite. A new threat which could soon cause empty shelves as far as the eye can see. Please…[take the time to view this special presentation now](. It explains all the details. [Click here to see how you can prepare.]( -- Stop at Nothing In the evening, people walk their dogs in the park in front of our office. The dogs do what dogs do after being trapped in an apartment all day. And their owners bend over and pick up the canine excrement and put it in the trash. There is a law that insists on it. But the law is almost never enforced. Still, people clean up after their pets because they recognize that it’s the right thing to do… and they don’t want to be seen not doing it by their neighbors. Which leads us to another old lesson: Anything you have to force people to do is probably not worth doing. In private policy, people normally respect the rules of civilized life. If they want land in Poland, for example, they have to buy it lawfully. No force required. But in public policy, the sky’s the limit… nothing is too barbaric or too preposterous. [As we’ve seen]( governments, in pursuit of public policy goals, will stop at nothing – neither murder, mass starvation, nor genocide. [Featured: A message from Jeff Brown on the hottest investment in 2021]( Big Time Action Which brings us back to [Saint Greta]( the climate change activist, subject of yesterday’s Diary. She wants action. Not “blah, blah.” She’s angry… frustrated. And the kind of action she wants is Big Time public policy action. That is, she is not satisfied with reducing her own carbon footprint and persuading others to do the same. She wants to force other people to do things they don’t want to do – on a scale not seen since World War II. As America’s special presidential envoy to the United Nations Climate Change Conference (COP26), John Kerry, put it last week, the price tag will be trillions, not billions. And we’re talking about major changes – to the way we heat our homes, to the way we drive to work and the way we power our factories (if we have any left). One climate change enthusiast, Louise Crabtree-Hayes, even suggested that we might have to outlaw private homes to meet the “emergency.” The cost – in money and inconvenience – will be huge. But it could be far worse… In 1850, the pre-industrial economy supported only 1.2 billion people. Today, we have 7.8 billion people, almost all of whom depend on oil, gas, or coal. Imagine the “[supply chain disruptions]( that could result from cutting off supplies of fuel. Recommended Link [Your money is NOT safe…]( If you print money in your basement… It's called counterfeiting. And you go to jail. When political elites do it, they pretend it benefits us all. But… Look where all that new money ends up: [image]( Printing trillions of dollars hasn’t done a thing to enrich the working class over the last 40 years. In fact, regular Americans earn the same amount today than they did in the 1970’s if you adjust for inflation. And that’s not even the worst part… Because a new plan is now being discussed to alter the very bedrock of our monetary system. It’s a terrifying proposal for a new kind of currency. One that lets elites rig the game even more in their favor… And it could spell disaster for anyone with money saved for retirement. In fact, this new plan is the biggest threat to your wealth since the 16th amendment created the personal income tax… [Click here to find out how you can protect yourself.]( -- Deadly Policy And what is the truth of an “emergency,” like the attack on Pearl Harbor? Do we tighten our belts, stiffen our backbones, and accept the sacrifices that will be required of us? Or is the whole thing a false alarm… or a scam? If only we could read tomorrow’s headlines today! All we know is that billions of people have been borne up out of poverty by [nature’s stored-up energy](. They’ve been able to live longer, more comfortable lives – with out-of-season fruits and vegetables, air-conditioning, and solar rooftop panels. Meanwhile, the death toll from public policies in the 20th century – wars, government-caused starvation, concentration camps and the Gulag – was estimated by self-described atrocitologist Matthew White at 203 million, including 37 million soldiers, 27 million civilians killed as collateral damage, 81 million killed in purges and mass murders, and 58 million who were intentionally starved to death. Saint Greta proposes more aggressive government action. But on this rudimentary evidence, the human race might be better off limiting public policies, rather than limiting the use of fossil fuel. Regards, [signature] Bill --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Public policy: An elaborate fraud). --------------------------------------------------------------- FEATURED READS [The U.S. Faces a Dire Shortage of Trained Truckers]( faces a shortage of around 80,000 trained truck drivers, straining already tight supply chains and packed ports. More workers consider transitioning to the industry, though, seen by licensed course wait times growing… [Copper Is About to Take Off Again]( trader Jeff Clark says the “best-looking trade setups in the market today is in copper.” The metal skyrocketed earlier this year with supply chain shortages. Jeff explains what to look for if you’re in the market to buy… MAILBAG Dear Readers are responding to [Bill’s essay from yesterday on climate change]( some in agreement that climate change is just a trend, and some disagree with Bill… Climate change is real and is mainly due to overpopulation. Every human being needs food, water, housing etc. In 1940 there were two billion people living on earth. Forty years later, in 1980, four billion, 40 years later in 2020, eight billion. For two thousand years there were only one billion. As it looks now the population will keep on growing. How are we able to give this growing population areas to live and provide for? Concerned for the future… – Anjes M. Spot on, but don’t confuse the cause with facts and common sense. You are such a smart guy I wish you were president. But to be a member of the elite that run our lives you have to get elected. Most of those who paint the price to get elected to government are scammers and sociopaths. Sane folks would go crazy in the cesspool that is government. – Lawrence K. I enjoy your commentaries and rarely disagree with them. The death of common sense, lack of faith and ignorance of history and our own arrogance are most of the contributing factors. The media stopped being news (for the most part) years ago. Mother Nature always wins…. the system was created to heal, repair, sustain. We are continually learning amazing things (we just don’t pay attention or think that is all there is to know)! During a respite with a broken leg I read about the plague years (disease, starvation and a mini ice age). Now we have covid and after my bout of fear of the unknown… I have to say most of my theories about it (treatment needs to be early, shots aren’t working and having had it, my immune system seems to be working) and the social fallout have been right. The demise of man well may be our own doing. Keep doing what you do! – Patricia M. Thank you for always finding a way to make me laugh about subjects that should make me cry. Where do you come up with phrases such as: "pure as unsweetened muesli…"? You have a gift. Thank you for sharing with the rest of us. – Ben W. Are you concerned for the future with climate change on the horizon, as Anjes M. writes? Do politicians have to be insane to work in government? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=Public policy: An elaborate fraud). IN CASE YOU MISSED IT… [BEWARE: 70 million Bitcoin Owners At RISK]( Most people are obsessing over the latest price fluctuation of Bitcoin. But they’re in for the shock of their lives. Because a new bug has quietly emerged in the Bitcoin network. It has nothing to do with Bitcoin’s volatility. Or its environmental impact. It’s infinitely dangerous. And it could soon lock 70 million investors out of their Bitcoin wallets. [Click here to see how to protect yourself from the Bitcoin flaw.]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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