The World is Run by Criminals

James West

There is no doubt in anyone’s mind that Mohammed Bin Salman, the leader of Saudi Arabia, ordered the murder of journalist Jamal Khashoggi as he applied for his wedding papers at the Saudi embassy in Turkey in October 2018. And I don’t think anyone – even among pro-Trump supporters – can deny the fact that Trump is an admitted sexual predator and serial fraudster.

Even Justin Trudeau tried and failed to subjugate the rule of law in Canada into a two-tiered, white collar-friendly system of justice by trying to force the then Minister of Justice Jody Wilson-Raybould to offer SNC Lavalin executives a “Deferred Prosecution Agreement” in lieu of a criminal trial for corrupt practices. That attempt failed, but the lack of an apology or acknowledgement makes it clear that Trudeau’s government will try again, and must be kept under extreme scrutiny.

But when you pause for a moment and look around the world, there is a remarkably persistent presence of criminal behaviour among world leaders that belies the fact the world, in fact, is run by criminals.

Vladimir Putin routinely kills off journalists who cause him irritation. Rodrigo Duarte routinely and extra-judicially assassinates anyone he decides is a drug dealer.

Mexico is literally run by cartels, as evidenced by El Chapo’s son’s jailbreak by cartel members who overwhelmed by force the national police.

China is, by definition, a criminally run government, who imprisons whole ethnic groups in remote camps, where they are reportedly tortured, brain-washed, and killed.

But corporations are also behaving criminally.

Facebook’s Mark Zuckerberg famously ripped off his idea for Facebook from the hapless Winklevoss Twins while at Harvard, and to this day, Facebook is regularly found to be flogging user data to anyone who can pay for it, against privacy laws.

Google has now been revealed by the Wall Street Journal to be a serial offender against its own abuse policies, routinely exploiting its monopoly on search to boost large US corporations at the expense of smaller ones.

Tesla’s Elon Musk, were he not the CEO of one of America’s largest employers, would be on trial for stock manipulation after claiming to have a non-existent financier to take Tesla private at $420 a share in August 2018.

There is a clear message being sent to the world’s youth by so much criminal activity among the world’s leadership institutions: The only crime is getting caught. And you will only succeed if you’re willing to break the law.

And kids these days are embracing the idea that the default social mode is criminal, not peaceful, respectful, or democratic.

Look at the gangster culture that permeates the kids’ videos on Tik Tok. Note the violent destruction to property during the Hong Kong protests. Never mind the escalating incidence of mass shootings throughout the United States. The mass shoplifting mobs looting stores.

The world is becoming defined by the criminal behaviour of its leaders. As the gap between the behaviour of government and it’s incarcerated prison population narrows and they start to look more and more the same, criminality becomes incrementally more prevalent.

And so it’s really just a matter of time until that example is embraced and emulated by the next generation. How do you invest in that?

James West

James West

Editor and Publisher

James West founded Midas Letter in 2008 and has since been covering the best of Canadian and US small cap companies. He covers global economics, monetary policy, geopolitical evolution, political corruption, commodities, cannabis and cryptocurrencies. As an active market participant, James is not a journalist and is invariably discussing markets...
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