Now You See Me… – Fat Tail Daily | Term Deposits

‘Do you believe, like I believe, in magic?’

Lovin’ Spoonful

Poor Elon. He deserves some kind of prize. He is each the brightest…and the dimmest…particular person ever to sully his palms in national politics.

His SpaceX performed a very important position in bringing astronauts back to earth. Millions of people depend on his Starlink system for his or her communications. Over six million people drive his vehicles. Over 600 million use his X. He is a genius and real wunderkind.

By most measures, he should be probably the most profitable human who ever lived. He is Augustus after defeating Antony. Napoleon after crowning himself in Notre Dame. Hitler after his triumphal entry into Paris. On high of the world.

After such blinding victories within the industrial space…absolutely he would have the identical stellar success in politics.

But in politics, he acts as if he had been born yesterday. The Irish Star:

‘Appearing on Fox News… “It’s come as a shock to me. This level of hatred and violence from the left… I thought the Democrats were supposed to be the party of empathy and caring, yet they’re the ones firing bullets.” “Tesla is a peaceful company, we’ve never done anything harmful. I’ve never done anything harmful, I’ve only done productive things. I think we have a deranged mental illness thing going on here because this doesn’t make any sense.”’

Hello, Elon?

What do you suppose politics is all about? Who do you suppose the Democrats are?

Politics has nothing to do with peace. Or doing productive issues. It is a soiled business, with confrontations, calumnies, lies, struggle…homicide…prisons…taxes…fraud and bamboozles, together with inflation and tariffs. It isn’t a strategy to increase wealth, however merely to redistribute it…from the public to the insiders.

In its tame and respectable type, elections, parliaments and a spirit of consensus make it tolerable. But take away the threadbare cloak of civilisation…and all you’ve is bare violence and hatred.

In its respectable type, too, federal finance relies on taxation and borrowing. But there’s a deeper, nastier side. Here’s one other revelation from Elon. CoinTelegraph:

‘US government cost-cutting czar Elon Musk claims to have found at least 14 “magic money computers” in the federal government with the ability to send money from nothing. Musk said the computers, which exist in several federal departments, including the Treasury, Defense, Health and Human Services departments, can essentially issue payments and send money from nothing.’

Where did he suppose the money comes from?

Elon is making an attempt to cut ‘waste’ and introduce more effectivity to federal funds. Democrats scream about funds cuts of their favorite packages. You may suppose the magic money scenario was lastly bettering. It isn’t.

In this regard February was a document setter. The month’s federal accounts confirmed complete revenues of $296 billion. But bills had been twice as a lot, leaving a deficit of $307 billion. As far as we all know, that is the primary time that the feds have spent more than two occasions what they acquired. For each greenback of income, they spent two {dollars} and change.

The hole was stuffed, of course, with borrowed money. But with out pixie mud the entire fandango would fall on its face. Magic money feeds the stock market…it allows trillion-greenback deficits…it juices the financial system with debt and flatters company income.

Were it not for the magic money the $37 trillion national debt couldn’t exist…the Dow wouldn’t be over 40,000…and the feds must abandon many of their extravagant boondoggles — together with, maybe, even the empire itself.

The drawback with ‘magic money’ is the ‘magic’ half. It can seem…out of nowhere… ‘printed’ up by the feds on demand.

But it could actually go ‘poof’ too. Over the final 5 years, trillions of {dollars}’ price of actual worth — in asset costs, and even within the national debt — vanished, because of inflation. And there’s a lot more the place that got here from.

Watch out.

Regards,

Bill Bonner,
For Fat Tail Daily

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