Hail Caesar – Fat Tail Daily | Australian Markets

Men normally are fast to imagine that which they want to be true.’

—Julius Caesar

Another trade deal! Fortune:

Dow futures rise on US-EU trade pact as traders brace for fast and livid week of earnings, China talks, Fed, GDP, jobs report, tariff deadline.

The headlines describe the new deal with the EU as one other ‘win’ for Trump. While it might be a ‘lose’ for the American people, it’s nonetheless a huge half of Trump’s appeal. He’s a actual chief. Where he goes, there additionally will the MAGA trustworthy go. And when he wins, even when the victory is an underhanded 15% federal gross sales tax, a substantial quantity of voters assume they win too.

“Trump” should be one of essentially the most repeated correct nouns in world historical past. But media protection is shallow.

The mainstream press is both pro-Trump or anti-Trump. Rarely does it hassle to marvel why it’s both. .

Trump holds essentially the most highly effective place within the world. And but, he’s no Eisenhower. He’s no economist. No statesman. No historian. No thinker. Today, we marvel what he’s.

Oswald Spengler’s prediction — made within the Thirties — was that democratic rule-based governments would peak out across the 12 months 2000 after which give method to ‘Caesarism.’

Julius Caesar took energy in Rome…primarily sidelining the more consensual, more dispersed energy of the Senate. He is blamed for turning Rome from a republic into an empire…with a strongman on the prime of it. Few people realized what it meant on the time. Even after Augustus proclaimed himself emperor in 27 BC the Senate nonetheless met. The ‘rules’ had been nonetheless there — ‘on the books.’ And but, the character of Rome itself had modified in a elementary manner.

The Donald didn’t cross the East River along with his military and march on Washington. And the US was a form of crypto-empire long earlier than he bought to the White House. Nevertheless, he’s the primary ‘big man’ US president who is likely to be seen as ‘Caesarish.’

And he isn’t alone.

All across the world, social democrats are giving method to ‘populists.’ Or strongmen. The New York Times:

Japan’s Long-Dominant Party Suffers Election Defeat as Voters Swing Right

The loss on Sunday left the Liberal Democrats a minority celebration in each homes of Parliament, whereas two new nationalist events surged.

But a ‘swing to the right’ just isn’t what we’re speaking about. Today’s caesars are what we would call ‘non-binary.’ Like faculty college students with blue hair and tattoos, they swing each methods. And in essentially the most important matter, they swing to the left…in the direction of more energy for themselves and the federal government.

In the deal negotiated final week with Japan, the Japanese supposedly agreed to a 15% tariff on items shipped to the US.

Japan additionally was stated to comply with invest $550 billion into the US…with the feds having a say as to who will get the money. But what form of authorities needs to inform residents how a lot they should pay for Japanese imports…and how Japan ought to invest its money within the US? Liberal? Conservative? Or one thing else?

‘Liberals’ need more legal guidelines…more guidelines to pressure people to do what they need. Recycle your trash. Drive an EV. Pay a larger minimal wage. The guidelines can cowl absolutely anything and every little thing.

Conservatives imagine in guidelines too. They simply need the important ones – thou shalt not steal…thou shalt not kill, and many others. They additionally need guidelines – such because the US Constitution – that make it arduous for the feds to impose further guidelines. “Congress shall make no law…etc.”

The Big Man, then again, doesn’t imagine in guidelines in any respect. Not the liberal guidelines. Not within the conservative guidelines both. He is the law. He is the State. His will is writ.

The Strongman focuses on ends, not means. He guarantees outcomes — getting rid of immigrants…imposing tariffs…and so forth. And if the foundations get in the way in which, the Strongman ignores them, or removes the judges. CBS:

3 immigration judges converse out about their firings: “Attack on the rule of law”

George Pappas, Jennifer Peyton and Carla Espinoza had been all federal immigration judges fired this month by electronic mail. The three ruled on hundreds of immigration circumstances in Chicago and Boston.

Trump speaks to the soul of an offended and dissatisfied people. His triumphs are their triumphs. He is their champion, come what might.

When Trump says he has ‘won’ a great victory in his negotiations with Japan, for instance, the glow of success shines on them, nevertheless feebly and briefly, just like the blue mild of a wrecked police car.

Regards,

Bill Bonner,
For Fat Tail Daily

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