Washington’s $35 trillion “Debt Bomb” Is Going to Blow

Washington’s $35 trillion “Debt Bomb” Is Going to Blow by Bill  Bonner

BALTIMORE – The mainstream press is focused on Donald Trump’s selections of his key staff.

So far, our name hasn’t come up.

These choices – of his captains and majors – are thought to be especially important. Because Trump has spent his career in private business, not in government… in New York, Florida, and New Jersey, not in Washington, D.C.

So, now that he is marching on the nation’s capital, he is going to need lieutenants who know their way around town.

There is also a presumption that the president-elect lacks firm ideas about what he wants to accomplish… and how he will do it.

Aides and Adjutants

“Make America Great Again” is a campaign slogan.

It leaves plenty of room for interpretation. And the people mugging with Trump at his golf resort in New Jersey are the ones who will do it.

Mr. Trump may be a great negotiator. He may be an excellent businessman and showman. He is certainly a gifted persuader and standout brand promoter.

But with so many activities to tend to, and such a famously short attention span, it would be surprising if Trump had time to wonder about America’s money system.

With so many posts to fill and so many key aides and adjutants needed – not to mention strategy and tactical decisions to be made – Mr. Trump will not have the time to think too much about the nation’s money system or the people in whose hands he entrusts it.

He will need someone to advise him. Most likely, these candidates will not be chosen by Mr. Trump, but by other advisers who have his ear.

Inevitably, he will be introduced to people who have a reputation in their fields… perhaps people with a Ph.D. following their names… or perhaps people who have proven they know something about making money, with stellar careers on Wall Street on their resumes and vacation homes in the Hamptons on their credit reports.

Mr. Trump will have no reason to doubt them; it will be clear that they know their stuff.

And without puzzling it out himself, he will have no way of knowing whether their knowledge is based on self-serving claptrap… or genuine insights and experience.

Too bad.

Continue Reading/Bonner and Partners>>>

Sharing is caring!

Author Image

Bonner and Partners

Bill Bonner founded Agora Inc. in 1978. Since then, it has grown into one of the largest independent newsletter publishing companies in the world. Bill also co-wrote two New York Times bestselling books, Financial Reckoning Day and Empire of Debt, In his latest book, Hormegeddon, Bill describes what happens when you get too much of a good thing in the sphere of public policy, economics and business. This new newsletter is unlike anything else published in America today. Now in this industry, Bill Bonner has agreed to share his secrets and insights every month. It’s like having a super-wealthy uncle share his best ideas, insights and wisdom about business, relationships, investments, trends, developments, ideas and more.