From Bill Bonner, Chairman, Bonner & Partners:
BALTIMORE – Harvard economist Larry Summers is a reliable source of claptrap. And a frequent spokesman for the Deep State.
To bring new readers up to speed, voters don’t get a say in who runs the country. Instead, a “shadow government” of elites, cronies, lobbyists, bureaucrats, politicians, and zombies – aka the Deep State – is permanently in power.
Put simply, it doesn’t matter which party is in power; the Deep State rules.
Want to know what the Deep State is up to now?
Read Larry Summers.
“It’s time to kill the $100 bill,” he wrote in the Washington Post (another reliable source of claptrap).
Control, Tax, Confiscate
The Deep State wants you to use money it can easily control, tax, and confiscate. And paper currency is getting in its way…
France has already banned residents from making cash transactions of €1,000 ($1,114) or more.…