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What the President The Millennial Behold the Promised Me Investor Money Tree AMERICAN CONSEQUENCES IDEAS THAT MATTER EDITED BY P.J. O’ROURKE HALF FULL? HALF EMPTY? EITHER WAY, HALF OVER. JUNE 2020 INSIDE THIS ISSUE merica is being blown to cats, garden plots, folks trying to get by on smithereens,” writes our editor their looks, and high school jocks. (Try and “Ain chief P.J. O’Rourke... though figure out which is which.) not for the reason you think. P.J. pinpoints • P.J. brings us “Killing Time: Part II” as the three enormously powerful forces behind this boredom continues at the O’Rourke house. division in his letter from the editor. • And as always, we’re watching Twitter, so you don’t have to. Welcome to 2020... It’s either the end of the beginning, or the beginning of the end. Journalist Salena Zito talks with one of the few made-in-America mask makers... while Arguing for the “worst is yet to come” is Chaos Chronicles editor Kim Iskyan takes financial analyst Mike DiBiase, who sees a look further abroad to show how America a tidal wave of corporate defaults and “wins” the post-pandemic world. bankruptcies that cannot be stopped. Former congressman Dr. Ron Paul explains Joining him is Bill Bonner, who shows how the necessary separation of medicine and counterfeit money from the Federal Reserve state. inevitably results in corruption, poverty, and chaos in America... along with the former And John Stossel shares why you do have a finance minister of Greece, Yanis Varoufakis, choice this fall for someone besides a big- who looks ahead 10 years at what he expects spending, big-government candidate with will be a “lost decade.” the Libertarian Party’s presidential nominee. Keeping the peace and leaving folks alone Don’t miss journalist Alice Lloyd on the sounds pretty good to us. crisis-conditioned approach of the millennial investors... and how it will dictate the future Finally, executive editor Buck Sexton shares of the financial landscape. Plus, financial what President Donald Trump promised him analyst Alan Gula explains the “Magic Money personally... “No second lockdown, no matter what,” he assured. Tree” that is MMT... and why you had better understand it if you have any money invested Read and share our latest magazine with in the market. free-thinking, freedom-loving folks... and tell us what you think at feedback@ Dan Ferris speaks with Bill Browder about americanconsequences.com. one of the craziest and most horrifying stories we’ve read yet about the financial goings-on Regards, in Russia. Steven Longenecker And of course, we turn to the lighter side, too... Publisher, American Consequences • We try our hand at predicting pandemic winners and losers... like Jeff Bezos, dogs, 2 June 2020 ADVERTORIAL Four Billionaires Poured a Fortune Into This One Medical Stock Joel Greenblatt invested over $40 send it soaring within months or million. less. Ken Fisher, around $28 million. This situation reminds me of when my research firm’s readers Richard Pzena put in around $15 saw 130% gains in barely three million in shares. months on a similar medical Even Buffett’s Berkshirepumped breakthrough. just shy of $200 million into this The difference is – that involved a single stock. relatively narrow medical problem. Why? This brand-new drug discovery is Maybe it’s because the MUCH bigger. medical announcement of the It's the first ever to fight one of the decade is coming soon from deadliest diseases in the world – one company. affecting 44 million people. And it could send the share price of Fortunately, one of the best biotech this company higher than its ever stock experts in the world explains soared before. every step of this unfolding deal... The best part is this surge in price is and why the biggest upside is still likely to happen regardless of what ahead. the markets do. You can watch this full explanation, And a major announcement could right here… ADVERTORIAL WHO’S REALLY BEHIND THE RIOTS Have you looked at pictures of the rioters? There’s one thing that unites them... But it’s not race. Once you understand who these individuals are, and what’s really behind their anger... you’ll understand what’s really happening in America right now... You’ll also start to see why this upcoming election is almost guaranteed to create a nightmare for Baby Boomers. Get the full story right here... ADVERTORIAL JUNE 2020 : ISSUE 35 LOST? CLICK CONTENTS HERE 62# 46 76 26 16 66 WHO’S REALLY BEHIND 4 Inside This Issue 46 Masks Made in America By BY STEVEN LONGENECKER an All-American Company AMERICAN THE RIOTS BY SALENA ZITO CONSEQUENCES 6 Letter From the Editor BY P.J. O'ROURKE 50 A Different Presidential Have you looked at pictures of the rioters? Editor in Chief: P.J. O’Rourke Candidate There’s one thing that unites them... 10 From Our Inbox BY JOHN STOSSEL Editorial Director: Carli Flippen 16 A Deadly Wave That Cannot 54 A Chronicle of a Lost Publisher: Steven Longenecker Be Stopped But it’s not race. Decade Foretold Executive Editor: Buck Sexton BY MIKE DIBIASE BY YANIS VAROUFAKIS Once you understand who these individuals are, and Managing Editor: Laura Greaver 24 Pandemic Winners and Losers 58 The Knee on All Our Necks Creative Director: Erica Wood what’s really behind their anger... you’ll understand BY THE AMERICAN BY BILL BONNER CONSEQUENCES STAFF Contributing Editors: what’s really happening in America right now... 62 Killing Time, Part II Bill Bonner, Mike DiBiase, Dan Ferris, 26 Separation of Medicine BY P.J. O'ROURKE Alan Gula, Kim Iskyan, Alice Lloyd, You’ll also start to see why this upcoming election and State Dr. Ron Paul, John Stossel, BY DR. RON PAUL 66 How America Wins the Yanis Varoufakis, Salena Zito is almost guaranteed to create a nightmare for Baby Post-Pandemic World Boomers. 30 The Millennial Investor BY KIM ISKYAN General Manager: Jamison Miller BY ALICE LLOYD Advertising: 76 A Conversation With Bill Browder Ricky D'Andrea, Jill Peterson 38 Behold the Magic Money Tree BY DAN FERRIS Get the full story right here... BY ALAN GULA Editorial feedback: feedback@ 88 The Final Word americanconsequences.com BY BUCK SEXTON American Consequences 5 From Editor in Chief P.J. O’Rourke IGNORE T THE SIGNAL LISTEN TO THE NOISE 6 June 2020 LETTER FROM THE EDITOR he protests all across America are obvious, but what’s most obvious about them is not THIS IS NOT A REVOLUTION what’s most important... The message is more fundamental than the mess. The protesters, while rebelling against government, aren’t intent on overthrowing it. The vandalism and the looting are unnatural Yes, they’d like to be rid of some of the people catastrophes, and they don’t convey much who govern us (and who wouldn’t?), but only more meaning than catastrophes of the – it seems – to replace them with people they Tnatural kind. like better. And, at least at a city and state level, who protesters would like better isn’t IGNORE Destructive people are always among us. They clear, either. are the friends of chaos, and when their friend is unleashed, they rush to embrace him. The meaning of widespread protests in a democratic nation is different from the Thieves are always among us, too. Protection meaning of widespread protests in an of property and law go hand in hand. When THE SIGNAL authoritarian state. Under dictatorship, people law is chased away, property is too. Under the are protesting against a system forcefully circumstances, property can’t be expected to imposed on them by a self-selected elite. stick around and hang out with its rightful Under democracy, we the people form the owners. system, determine how and with what degree Even the violence is less meaningful than it of force the system will be imposed upon us, seems. Despite some brutal attacks – from and elect our own elite to do the imposing. LISTEN TO and on the protestors – this isn’t a rebellion. A Widespread protests in a democratic nation rebellion requires a clear objective. Although mean that we’re mad at ourselves. the protestors are quite clear about what they As well we should be... object to, they are less clear about what they want to achieve in an ultimate sense. America’s Constitution was ratified in 1788, THE NOISE “in Order to... establish Justice, insure The protesters’ demands – justice, ending domestic Tranquility... promote the general racism, and eliminating violent, bigoted, and Welfare, and secure the Blessings of Liberty...” incompetent behavior by the authorities – are None of which it did for a whole bunch so inarguable they almost cause a consensus of Americans – slaves, freed slaves, Native headache. People of goodwill have been Americans, or women... trying to achieve these goals for hundreds of CLICK years. In the case of the first demand – justice It took 80 more years for the 14th HERE TO READ – people of goodwill have been trying to Amendment to the Constitution to be THE WEB achieve it for thousands of years. ratified. VERSION American Consequences 7 LETTER FROM THE EDITOR The 14th Amendment is unequivocal: “No But who among us got to vote on whether to state shall make or enforce any law which close down our economy and lock ourselves shall abridge the privileges or immunities in our homes for months? of citizens... nor deny to any person... the A black hole of bureaucracy has been equal protection of the laws.” And the 14th Amendment ended with what should have created, sucking every aspect of government been a knockout punch to inequity: “The accountability into its dense and Congress shall have the power to enforce..