Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
How to Capitalise on the Robots - 20th June 24
Bitcoin, Gold, and Copper Paint a Coherent Picture - 20th June 24
Why a Dow Stock Market Peak Will Boost Silver - 20th June 24
QI Group: Leading With Integrity and Impactful Initiatives - 20th June 24
Tesla Robo Taxis are Coming THIS YEAR! - 16th June 24
Will NVDA Crash the Market? - 16th June 24
Inflation Is Dead! Or Is It? - 16th June 24
Investors Are Forever Blowing Bubbles - 16th June 24
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 24
Bitcoin Trend Forecast, Crypto's Exit Strategy - 31st May 24
Zimbabwe Officials Already Looking to Inflate New Gold-Backed Currency - 31st May 24
India Silver Imports Have Already Topped 2023 Total - 31st May 24
Gold Has Done Its Job – Isn’t That Enough? - 31st May 24
Gold Stocks Catching Up - 31st May 24
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

America’s Political and Financial Institutions Are Broken

/ US Presidential Election 2020 Oct 23, 2020 - 05:05 PM GMT

By: Michael_Pento

America’s key institutions are broken. More people wake up daily to that reality. They are preparing for the moment this realization dawns on Americans at large, which explains why the markets for physical bullion are so active.

Markets certainly aren’t working. Perpetual central bank intervention, rampant Wall Street cheating, high frequency trading, index funds, and many other factors have divorced the price of securities from fundamental realities, such as high unemployment.

The adjacent screen capture from CNBC in April says it all about how badly markets are doing at reflecting true economic fundamentals.

Washington, DC is dysfunctional and has been for decades. Regardless of anyone’s views on presidential politics, the political class has failed.


Government always gets bigger and more expensive and liberty is in steep decline (this year perhaps faster than ever). Corruption appears widespread within the Deep State, which serves its own interests rather than those of most Americans.

The Federal Reserve is a key tool for the Deep State. Its public mandate is to protect the value of the dollar but our money has lost at least 98% of its purchasing power over the last 100 years.

In recent times, the central bank’s actual mandate has become clear. The Fed exists to make sure Wall Street bankers are never held accountable for their sins and to make sure politicians have the funds for unlimited government.

The media, including big tech, is also subverted. One just has to look at which stories are reported and, perhaps more importantly, which stores aren’t.

More than ever will scoff at the notion there is a free and honest press keeping Americans informed. Along with others, Twitter’s effort to censor and cover up the Biden family’s questionable dealings with Burisma and China is just the current example.

We know the FBI had emails, photos, and videos from Hunter Biden’s laptop nearly a year ago some of which appears to be directly relevant to the charges leveled at Trump during him impeachment. Someone apparently planned to bury the Hunter Biden evidence.

Jeffrey Epstein died while in federal custody awaiting justice, and prosecutions of his network of pedophiles could end with Ghislaine Maxwell.

From the Clintons to JPMorgan Chase, there is a long list of well-connected people and corporations who have been protected. The list of elites we don’t know about is probably longer.

The election system keeps letting Americans down. If the results of this year’s presidential election are contested, it could reveal a lot about how crooked and dysfunctional voting, and vote counting, has become.

Finally, it would not be fair unless a portion of the blame for the current state of our institutions is assigned to the American people at large. Voters stood idly by as government grew and our liberties eroded.

Markets, political leadership, media, the justice system, and the election system are broken. Citizens let it happen. This is reality and it is now beyond serious dispute. Many Americans are in denial or oblivious about these institutions completely failing and they expect someone will come along and fix them.

That may happen, but not without a reckoning first which destroys what public confidence remains.

The moment of reckoning may not be too far away. Most Americans do sense trouble, and it is getting tougher to ignore.

A contested presidential election, or the next big economic decline could be the tipping point. Who knows? The important thing is to prepare for turbulent times ahead.

By Clint Siegner

MoneyMetals.com

Clint Siegner is a Director at Money Metals Exchange, perhaps the nation's fastest-growing dealer of low-premium precious metals coins, rounds, and bars. Siegner, a graduate of Linfield College in Oregon, puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals' brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.

© 2020 Clint Siegner - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in