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Deep State

1st September 2017 Bill Bonner

Where Are the New Jobs?

Illustration showing plenty of potential employees running in the same direction

POITOU, FRANCE – A new Diary dictum: A new administration can only do good by undoing the good things that previous administrations claimed to do. That is, it does not do good by adding programs of its own. It can only make…

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23rd August 2017 Bill Bonner

Deep State First

Map of the Middle East covered by the American flag

POITOU, FRANCE – On Monday, Donald Trump, president of all the Americans, said his country would spend more blood and money trying to force the Afghans to do what it wants them to do, whatever that is. And so… a…

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26th July 2017 Bill Bonner

Trump is no outsider

LAUSANNE, SWITZERLAND – One of the most remarkable conversations on finance we’ve ever had happened here in Lausanne yesterday. “You mean it costs as much to put money on deposit at a bank as it does to borrow it?” We…

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20th July 2017 Bill Bonner

Why Trump Won’t Stop the Debt Crisis

POITOU, FRANCE – Sound the alarm. Take your money off the table. Pack your socks and your passport. There’s going to be trouble. The Washington Post reports: “Steven Mnuchin, Trump’s treasury secretary, is hurtling toward his first fiasco.” Republicans have majorities in…

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19th July 2017 Bill Bonner

The Evil Genius of Obamacare

POITOU, FRANCE – “GOP reeling after healthcare collapse,” reads a headline on a political website. From The Hill: Republicans offered competing ideas for what to do next on healthcare Monday night, now that the current ObamaCare replacement effort has fallen apart….

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10th July 2017 Bill Bonner

No “Trump Bump” for the Economy

POITOU, FRANCE – “Nothing really changes.” Sitting next to us at breakfast, a companion was reading an article written by the No. 2 man in France, Édouard Philippe, in Le Monde. The headline promised to tell us how the country was…

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29th March 2017 Bill Bonner

Jesus Was No Deep Stater

SÃO PAULO – We arrived on Sunday morning. São Paulo can have terrible traffic. It is a sprawling place of 12 million people. But it was early when we pulled into town; the traffic moved swiftly. We decided to go…

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28th March 2017 Bill Bonner

The Swamp Claims Its First Victim

Washington [is] a lot more broken than President Trump thought that it was. — White House Budget Director Mick Mulvaney SÃO PAULO, BRAZIL – On Friday, the much-hyped Trump/GOP Obamacare reform sank into the swamp. If anything keeps us from…

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