• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Fat Tail Daily

Investment Ideas From the Edge of the Bell Curve

  • Menu
    • Commodities
      • Resources and Mining
      • Copper
      • Gold
      • Iron Ore
      • Lithium
      • Silver
      • Graphite
      • Rare Earths
    • Technology
      • AI
      • Bitcoin
      • Cryptocurrency
      • Energy
      • Financial Technology
      • Bio Technology
    • Market Analysis
      • Latest ASX News
      • Dividend Shares
      • ETFs
      • Stocks and Bonds
    • Macro
      • Australian Economy
      • Central Banks
      • World Markets
    • Small Caps
    • More
      • Investment Guides
      • Premium Research
      • Editors
      • About
      • Contact Us
  • Latest
  • Fat Tail Series
  • About Us
Latest

The Wolf Awakens

Like 0

By Bill Bonner, Tuesday, 17 October 2023

Last week, all of a sudden, explosions…gunfire…bodies…mayhem — and as the dust settled, there was Truth, blindingly obvious…yet, still shocking. Truth about the past…and a warning about the future.

Stephen Pinker famously argues that we are all becoming lambs now. But now the wolf is back…snarling; and what big white teeth he has. All the world startled awake last week. Yes, it was an old-fashioned eye for an eye…mass murder in the Holy Land. Hamas attacked Israel. Israel retaliated. Now, with the whole world on edge, the Israeli Defense Forces are preparing what threatens to be a massacre…ethnic cleansing…genocide. We don’t know exactly what is happening because the Israelis cut off food, water and electricity to Gaza. Nothing gets in. But no information comes out, either.

We are also watching ‘the West’ handle a major foreign policy problem. Pay attention, because this is how it will handle its major domestic challenge (debt) too.

Rules of Engagement

Over the weekend, the Israelis marched along the walls of Gaza, carrying aloft the Ark of the Covenant and lobbing explosives at apartment buildings, hospitals and shopping malls. How many were killed, we don’t know. They also cut off vital supplies to the Palestinians — including medicines for the very young and very old. When Russia targeted Ukrainian infrastructure, Ursula von den Leyen, EU jefe, described it as a ‘war crime.’ But this time it must be different! The Israelis ‘have a right to defend themselves,’ she says.

Sooner or later, Israeli ground forces will attack. It won’t be easy going. House to house; they will face traps, explosives and small arms fire. Hamas must have known how the Israelites would respond. They must have planned for it.

The Israelis too. With all of their sophisticated monitoring…and so many Israeli agents infiltrated within Hamas itself…it is almost unbelievable that they didn’t see this coming. Perhaps they did.

In the Biblical account of the attack on Jericho, with God’s blessing the Israelites wiped out men, women, children, donkeys, oxen and sheep.

The only exception was a prostitute who had betrayed her neighbours by helping Jewish spies.

In January, 1943, the Jewish Ghetto of Warsaw was invaded by German and Ukrainian troops. But the Jews had been preparing a defence — they had a few guns and Molotov cocktails. The Nazis were beaten back. It took them until April to finally pacify the city…and cart the survivors off to Treblinka concentration camp.

‘Israel upholds the rules of war,’ says Joe Biden.

Ultimately, the outcome doesn’t depend on right or wrong…or on the rule of law…or sanctimonious declarations of support. People want to argue about who’s good and who’s bad. But what counts is firepower…and staying power. As in the Warsaw ghetto, the besieged city of Gaza has no chance of victory.

‘Get out now,’ says Yoav Gallant, Israel’s Defense Minister, advising the people of Gaza, who have nowhere to go. ‘We will act everywhere and with full force.’

Collective Guilt

Many students — innocent of the ways of the world, but informed by the leftish press — showered their sympathy onto the Palestinians. They decried the ‘collective guilt’ put upon a whole nation of people and the death sentences handed down to thousands of women and children, who had nothing to do with terrorism or the resistance movement.

Major governments in ‘the West’ generally, take the Israeli side. After all, that’s where the power and money are. Sen. Josh Hawley:

‘As far as I’m concerned, Israel can bounce the rubble in Gaza. Nothing should be off the table…we will protect our interests.’

What interests? Which way do they cut? Pro-Israel? Pro-Palestine? The satirical journal, The Onion, decided to support the Jews, ‘because we’re less likely to get into trouble that way.’

Taking his cue was one member of Congress. The Hill:

‘Rep. Brian Mast (R-Fla.) arrived Friday on Capitol Hill wearing his military uniform from his service in the Israel Defense Forces (IDF) in a display of unity with the country following the Palestinian militant group Hamas’s surprise attack last weekend.

‘“As the only member to serve with both the United States Army and the Israel Defense Forces, I will always stand with Israel,” Mast wrote in a post on X, the platform formerly known as Twitter, alongside several photos of him wearing the uniform Friday.’

No one seems to have asked Mr Mast where the bulk of his divided loyalties lay — with the US or with Israel. So far, no member has dared to wear a Russian army uniform…or an Iraqi military uniform in the halls of Congress.

It scarcely matters. Outside of the killing zone, it is all theatre.

Lambs to Slaughter

But for our purposes, we are focused neither on the wolves nor the lambs, but on the shepherds. In a civilised world…leaders of countries such as the US, France and Germany would be trying to protect the sheep. They would urge restraint. Calm. Negotiation. Deliberation. Most importantly, they would at least make it clear that they could not in good conscience provide aid — guns and ammunition — to be used to slaughter innocent civilians.

This would be deeply hypocritical on their part. But hypocrisy is the proper role of the elites — to preach virtue in public, while enjoying whatever vices they choose at home. Almost all nations at one time or another slip into Old Testament kind of warfare, where they authorise, promote, or overlook the ‘collateral damage’ they cause. But while major nations may not be able to avoid it in themselves, they have the power to curtail it in others.

What is so alarmingly on display in the Levant is the abject failure of The West’s leaders. Even at hypocrisy, they are a flop. Instead of calming people down, they incite them to even more outrageous acts of violence.

And when the next financial crisis comes, it will be, grosso modo, these same corrupt and incompetent leaders who react. Will they urge monetary restraint and economic self-discipline? Not likely.

Stay tuned…

Regards,

Dan Denning Signature

Bill Bonner,
For The Daily Reckoning Australia

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Bill Bonner

Bill’s Premium Subscriptions

Publication logo
Fat Tail Investment Research

Latest Articles

  • China’s plan to pop the AI bubble and sink Mag7 for good
    By Nick Hubble

    Back in January, China’s Artificial Intelligence program DeepSeek triggered a trillion-dollar meltdown in US AI stocks in a single day. What if this was just the beginning?

  • The latest Closing Bell is available now
    By Callum Newman

    Tune in today to watch the latest Closing Bell podcast with Murray Dawes. We discuss gold, the Alphabet (Google) outlook…and more!

  • Iron Ore Stocks: Opportunity if You Have a Strategy
    By James Cooper

    James Cooper digs into the potential iron ore opportunity, a commodity that could reward investors if they’re disciplined. Read on to find out one simple strategy you can apply in this sector.

Primary Sidebar

Latest Articles

  • China’s plan to pop the AI bubble and sink Mag7 for good
  • The latest Closing Bell is available now
  • Iron Ore Stocks: Opportunity if You Have a Strategy
  • Cash in thanks to billionaire Jim Rogers…NOW
  • Lies, Lies and GDP Statistics

Footer

Fat Tail Daily Logo
YouTube
Facebook
x (formally twitter)
LinkedIn

About

Investment ideas from the edge of the bell curve.

Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.

Quick Links

Subscribe

About

FAQ

Terms and Conditions

Financial Services Guide

Privacy Policy

Get in Touch

Contact Us

Email: support@fattail.com.au

Phone: 1300 667 481

All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

Fat Tail Logo

Fat Tail Daily is brought to you by the team at Fat Tail Investment Research

Copyright © 2025 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988