• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Latest
  • Videos
  • Series
  • E-Newsletters
  • Categories
    • Commodities
    • Macro
    • Market Analysis
    • Small Caps
    • Technology
  • Investment Guides
  • Premium Services
  • Editors
  • About
  • Contact Us
  • Subscribe
Fat Tail Daily
Subscribe
  • Home
  • Latest
  • Videos
  • E-Newsletters
  • Premium Services
No Index

Two Strains of the Same Disease

Like 129

By Bill Bonner, Tuesday, 01 July 2025

It’s back to basics for the ‘liberals.’ Gone is the divisive claptrap — the dumbbell pronouns, DEI, the trannies and weirdos--even Black Lives don’t matter anymore.The winning formula is 'free stuff.'

‘I’ve dealt with many American presidents. They come into office with ideas, but then men in dark suits and briefcases, wearing blue ties, show up and explain to them the world the way that it will be. And so you never hear of those ideas again.’

–Vladimir Putin

New York city was rocked awake this week as the future knocked on America’s door. A man Donald Trump described as a ‘communist lunatic’ won the Democratic primary; most likely, he will soon be sitting in Rudolph Giuliani’s chair in the mayor’s office.

The mainstream press didn’t know what to make of it. It was a victory for muslims, says the New York Times:

Zohran Mamdani’s stunning performance in the Democratic mayoral primary on Tuesday amounted to a watershed moment for Muslim New Yorkers, who could see one of their own lead City Hall for the first time should he succeed in the general election in November.

New York City is home to roughly one million Muslims; they made up 12 percent of the electorate in the 2021 mayoral election. Mr. Mamdani wove his faith into his campaign from its earliest days, hitting the trail while fasting for Ramadan and taking his message of affordability to mosques and Muslim community centers throughout the city.

The Democratic leadership saw the victory in terms of ‘energy, style, and vibes.’ Tommy Victor on Pod Save America said it had an ‘Obama in 2007 feel…nimble and fun.’

Others think the Democratic Party leaders themselves are the real problem. Solis Doyle, who ran Hillary Clinton’s 2008 bid for president:

“Right now we’re leaderless, we’re messageless, we’re agendaless, we don’t have any alternative ideas to the president and the Republicans right now. So, you know, I’m concerned, to say the least,”

And here is where it gets interesting. Sasha Stone:

‘Democrats’ biggest problem is that all they have to sell for ten years is their war on Trump. In Zohran, the young have found someone they believe in. He will sell them exactly what they didn’t even know they wanted, but now they want it really bad. He’s the Music Man.’

The billionaires backed Andrew Cuomo, the safe choice, who promised ‘more of the same.’ The New York Times:

With $25 Million, Pro-Cuomo Super PAC Shatters Outside Spending Records

But what did the voters want ‘really bad?’ Free stuff!

Yes, it’s back to basics for the ‘liberals.’ Gone is the divisive claptrap — the dumbbell pronouns, DEI, the trannies and weirdos…even Black Lives don’t matter anymore.

The winning formula was on clear display in New York. Democrats are now promising free transportation, rent controls, free university. Free childcare. And more.

And now, Naked Capitalism:

All the stupid money on Earth can’t save the nihilistic neoliberals from the likes of Mamdani…

From our big picture perspective, this should be no surprise. As an Empire dies, the two factions — left and right — fight ever more fiercely over the rotting corpse.

People still vote. But the center gives way.

Gone is the ‘consensual democracy’ and civility of the Eisenhower era. Trump won’t be with us forever. He will be followed by hack Republicans — perhaps by Trump Jr. They will have to get tough to defend policies that haven’t worked. And they will be up against more Mamdanis — candidates with actual ideas and programs, albeit terrible ones.

As on the streets of Berlin in the 1930s, it will be a brawl between brown shirts and black shirts…two strains of the same disease.

It used to be that the democrats were the party of Big, Ambitious Government (BAG). They were opposed by the old Republicans, who generally favored smaller, more conservative government. Like Ronald Reagan and Tip O’Neill, they disagreed on policy issues…but compromised, and then went and played golf together.

But now, Republicans have turned into fawning, Big Man bootlickers…and the old, whiney Democratic centralists are turning into communist lunatics. And the more they seem to move apart, the closer they become, one to another. Both ruthless. Both witless.

Rich New Yorkers are said to be looking at real estate in Florida. They might want to consider going further afield. Unwittingly or not, both parties still dance to tunes called by the Deep States’ ‘men in blue suits.’

More spending, more debt, more war, more chaos and more police — both still tap their toes to the rhythms of Empire History.

Regards,

Bill Bonner 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

  • The Pros Got Crushed… What That Means for You
    By Murray Dawes

    Markets have just ripped higher, with the S&P 500 surging 15% in less than two weeks. But beneath the surface, things aren’t nearly as strong as they look.

  • The Great Energy Pivot: Rewriting the Oil Trade [Part IV]
    By James Cooper

    In this final edition, we outline why controlling global oil could be the US’s last weapon in hanging onto its decades-long hegemony. Control the Oil. Control the World.

  • The Last Barrels
    By Charlie Ormond

    Australia’s fuel vulnerability just went from theoretical to very real overnight.

Primary Sidebar

Latest Articles

  • The Pros Got Crushed… What That Means for You
  • The Great Energy Pivot: Rewriting the Oil Trade [Part IV]
  • The Last Barrels
  • Returns so high you’ll lose your mind
  • Everything (might) be fine

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 © 2026 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988