Ignore Politics at Your Peril

America has spread the idea that the dollar is an impartial… ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ February 20, 2024 |  [Sign Up]( Ignore Politics at Your Peril “America has spread the idea that the dollar is an impartial, international means of exchange, whereas it is really a means of credit appropriated to one state.” – Valery D’Estaing Dear Reader, “You are often accused,” writes reader Robert in Houston, “of writing too much about politics rather than stock tickers. ‘Tail meet dog!’ “I disagree,” Robert then adds helpfully, ”but I disagree with everything.”  Fact is, Robert, we do agree with the accusations. But especially since Trump jumped from TV personality to legit political juggernaut, we believe more than ever that “you ignore politics at your peril.” Here we republish words from Bill Bonner, our co-author of Empire of Debt, writing this morning from Dublin, Ireland, about the state of the election. Bill begins with Donald Trump’s statement following the death of Alexy Navalny: “The sudden death of Alexei Navalny has made me more and more aware of what is happening in our Country. It is a slow, steady progression, with CROOKED, Radical Left Politicians, Prosecutors, and Judges leading us down a path to destruction. Open Borders, Rigged Elections, and Grossly Unfair Courtroom Decisions are DESTROYING AMERICA. WE ARE A NATION IN DECLINE, A FAILING NATION! MAGA2024.” ~ Donald Trump And a message that went out to voters in South Florida last week: Important Information about the March 19, 2024 Presidential Preference Primary Election Dear Miami-Dade Voter, This year, only the Republican Party will hold a Presidential Preference Primary Election to select their presidential nominee on March 19, 2024. It is important to note that the Florida Democratic Party provided only one candidate, Joseph R. Biden, Jr. as their presidential nominee. Therefore, a primary election ballot for the Florida Democratic Party is not needed. Consequently, Democrats and voters with no party affiliation are not eligible to vote in the Presidential Preference Primary Election. Readers will recognize the intent immediately; it is to shift decision-making from the voters (who might like more than one choice!) to the insiders. Here’s another, from Gistfest: Arizona Republicans introduced a resolution on Wednesday with the aim of ensuring former President Donald Trump’s victory in the 2024 election in the state. This resolution seeks to counterbalance the removal of a Republican candidate in two other states. Trump, currently the frontrunner for the 2024 Republican presidential nomination, is confronting legal hurdles aimed at removing him from the ballot in several states. Colorado and Maine have already prohibited his name from appearing on the primary ballot. Daylight Treachery This is just further evidence of something we have been harping and hammering on for the last few years: the voters don’t control the U.S.; the insiders do. This intervention, by state-based elites, is extremely overt; it may not withstand a Supreme Court review. So are court cases… very much out in the open. But most efforts to control voters are much more subtle. Here’s a letter to the Wall Street Journal, in which the writer reveals the sinister plan behind what looks like monumental stupidity. Democrats are blocking challengers – such as life-long Democrat RFK, Jr., so as to allow Joe Biden to run unopposed in the Democratic primary. Mr. David Hoopman of Madison, Wisconsin opines: A nation aghast confronts the determination of both parties to saddle themselves with the one nominee who might plausibly lose to the other. Following their ancient customs, Republicans let events play out, Democrats get together and do something about it, and the latter group enjoys maximum advantage, leaving the former flat-footed. At the GOP convention in July, full of poll-driven confidence that former President Donald Trump will avenge their humiliation at the hands of the unworthy Mr. Biden, Republicans will lock in their nomination of Mr. Trump. Convening a month later, Democrats will complete the bait-and-switch already in motion, by swapping out Mr. Biden for a seemingly likable and competent nominee. That is a two-word definition—likable, competent—of the candidate needed to defeat Mr. Trump. A sane person might prefer reading these things in a novel to living through them. Democratic Dangers Choosing the next president in a closed confab is the usual way a hierarchical group ‘elects’ its top man. The Pope, for example, is chosen by 117 members of the College of Cardinals, gathered in the Sistine Chapel. Perhaps the Democrats will release a little white smoke from the United Center in Chicago when they have decided who our next decider-in-chief will be. Concurrent with these developments are several headlines that worry that  “Another term for Trump would be a danger to democracy.” This seems like unnecessary anxiety to us, in that America’s government framework has already been so eaten away by elite termites that losing the veneer of democracy might actually be a step towards clarity and honesty.  Yet, The New York Times and the rest of the mainstream, elite press have become sad imposters, passing along a simpleminded, self-serving narrative in black and white. Trump, Putin, Hamas – all bad. U.S., Israel, Biden – all good. Maverick reporters, such as Tucker Carlson, who dared to get Putin’s side of the story, are branded as ‘useful idiots’ or ‘Russian assets.’ And anyone – even a Jew – who questions Israel’s campaign of mass murder is tagged as an ‘anti-semite.’ It all seems very un-democratic. At home, choices are reduced to candidates no sane citizen would want. And abroad, the leading nations of the ‘The West’ – the U.S., Israel, Britain, and Germany – are now facing moral outrage from sh*thole  countries – Nicaragua, Namibia, and Pakistan. We used to lecture these countries on the ‘rules-based order.’ Now we put our trust in firepower. So it goes, Addison Wiggin, The Wiggin Sessions Addison returns: As you know, Bill and I have just handed in the final draft of our book, Empire of Debt, to the publisher, John Wiley & Sons. Empire is in its third edition, which is rare for a book of financial or economic pedigree. But the publishers at Wiley approached us because we got a lot right in the first two editions. Not everything, but enough. We agreed to the update because the big narrative has only heightened our concern. And, in fact, has reached perilously close to a crescendo. Donald Trump, for all his bravado and rhetoric… his gold-embossed sneakers… his political battle with the courts, judges, and attorneys general… is right about one thing. From a Fox News interview Trump gave on August 17, 2023: "America has power, but it's waning. In fact, it's waning in terms of our currency. And I'm not just talking about the value of our currency, I'm talking about our currency being used throughout the world." Trump issued that statement the day after delegates from the BRICS countries — Brazil, Russia, India, China, and South Africa — convened for their annual meeting in Johannesburg. On the docket at the BRICS summit? The creation of an alternative currency to the U.S. dollar. President Biden promised yesterday to “weaponize the dollar” against Putin and his Russian comrades even more following the death of Alexy Navalny. In so doing, he has violated the idea that the U.S. dollar is an impartial medium of exchange.  Fact is, the debt-based U.S. economy is dependent on the world-reserve status of the U.S. dollar. It's what the French minister Valery D’estaing referred to as the United States’ “exorbitant privilege” since the end of World War II.  Legendary investor Jim Rogers, who wrote the foreword to our book, Financial Reckoning Day, warns if something isn’t done to restore confidence in the dollar soon, it will “lead to a huge decline in the standard of living of U.S. citizens like nothing we’ve seen in nearly a century.” To make matters worse for Biden, the next BRICS summit will be held in Kazan, Russia in October, 2024 — this year — with Vladimir Putin presiding. Talk about an “October Surprise” waiting to happen. There’s no question Putin wants to see the U.S. dollar knocked from its high perch. “If you fast forward ten years from now,” writes James Hickman of Schiff Sovereign, “the US national debt will be roughly $55 trillion. Interest payments could easily consume $3+ trillion per year of tax revenue, leaving very little money for anything else, including the military. Social Security will have run out of money. And the US dollar will have probably lost its status as the world’s global reserve currency.” Why do we write about politics? Well, because as we’re all too aware, “we ignore it at our peril.” The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to The Wiggn Sessions delivering daily email issues and advertisements. 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