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October 18, 2016 | An Open Letter to Donald Trump

Is an American author of books and articles on economic and financial subjects. He is the founder and president of Agora Publishing, and author of the daily financial column, Diary of a Rogue Economist.

BALTIMORE – Here at the Diary, we always take the side of the underdog, the diehard, and the lost cause.

It’s beginning to look like Donald Trump may be all three.

So today we extend a helping hand with an open letter to the Republican presidential candidate…

Virtue of Ignorance

Dear Mr. Trump,

First, we would like to apologize for all the insightful and well-informed things we have written about you. (Catch up here, here, and here.)

But please keep in mind the context in which those remarks were made.

Honestly, we think you’re tremendous.  Tremendous.  We love you. You are an imbecile, it’s true. But at least you are not a conniving, power-grasping, finger-pointing harpy.

You at least have the virtue of ignorance.

You seem to have no idea what you are doing – like an oversized plant in the lobby of the Eccles Building with no clue about what really goes on in the offices above you.

So, of the two candidates, you are probably the least repulsive in many ways. It is hard to tell.

Second, our reason for writing is to help you…

You may recall that when Mr. Bernanke gave up his post at the Fed, our name was mentioned. Not positively, of course. But what do you expect?

Our central bank has been taken over by delusional economists who believe they can improve on the workings of a free market by fixing the price of credit. So, anyone close enough to the Fed to have an opinion about the next chief is by definition a fantasist.

That is why I would like to offer you an alternative…

Rigged System

I recognize that there is little chance you will be elected because of the  amateurish and brutish way you have conducted yourself – both during the campaign and during your entire life (if you don’t mind us saying so).

You claim the “system is rigged.” But you never seemed to understand how.

You never mentioned that the economy has been distorted by fake money (the purely paper fiat dollar).

You never understood how the political system was perverted, either. You never bothered to explain how Ms. Clinton, her husband, and the entire Deep State establishment corrupted the nation… or how they profited from it.  Ms. Clinton had to be the biggest, easiest target a politician could ask for.  Just look at today’s front page of USA Today.  And you missed!

And you never offered a single coherent proposal for correcting these things.

This left the dunderheads in the press to focus almost exclusively on “character” issues – you know, like using your celebrity status to get away with groping women against their wishes… or using an almost $1 billion tax-loss carryforward to avoid paying federal income taxes for over a decade.

(Speaking honestly… man to man… we sympathize with you on these issues. Although we’ve never had thecojones to grab a woman’s derriere uninvited, we’ve also never seen a tax loophole that we didn’t want to kiss, grope, and fondle.)

In any event, it is in the spirit of ersatz helpfulness and civic mischief that we write to you now. We would like to help you shift the focus of the press coverage from the Flawed Person to the Solid Plan.

Regards,

Signature

Bill

P.S. In the unlikely event that you win, I am available for the top job at the Fed.

The original article can be read here

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October 18th, 2016

Posted In: Bill Bonner's Diary

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