Almost 2/3 Of Americans Have Given Up On Political Parties Citing Corruption In Government

Disillusioned by the promises of politicians and convinced that the entire political system is irreparably corrupt,  many Americans will be staying out of the voting booth for the 2018 elections. This isn’t new, however, as many refused to vote in 2016 as well.

Although that number may seem high, in 2016, faced with the prospect of having to choose between Hillary Clinton and Donald Trump, 46.9% of eligible voters didn’t even vote in the presidential election. Most of those who no longer vote have given up on the “lesser of two evils” fallacy and the irrational belief that somehow the government has our best interests in mind.

Respondents of the told poll takers at USA Today and Suffolk University in a recent survey:

“Nearly two-thirds of adult U.S. citizens will stay away from the polls during the coming midterm elections, and they say they have given up on the political parties and a system that they say is beyond reform and repair…

A majority of those non-voters would like to see a third party or multiple parties.” –Suffolk University

The Huffington Post noted, “The poll surveyed Americans who aren’t registered to vote or who are registered but say they’re unlikely to cast a ballot. Combined, the two groups include more than 100 million adults, the pollsters note.” And the corruption in government is becoming apparent to those who choose to opt out of voting. About 68 percent of independent voters and party registered voters who say they are unlikely to vote this year agreed with the statement: “I don’t pay much attention to politics because it is so corrupt.” It’s a marked increase over the 54 percent of respondents who agreed to this characterization of politics in the 2012 survey.

The bad news for both major political parties continues too.  According to Truth in Media, around 63 percent of respondents in these categories agreed or strongly agreed with the statement: “I don’t pay much attention to politics because nothing ever gets done – it’s a bunch of empty promises,” which is also up from the 59 percent who said the same nearly six years ago.

Only 22 percent of respondents said the Democratic and Republican parties do a good job of representing Americans’ political views, which is down from 32 percent when the question was asked in 2012.

An increasing number of voters from both sides are beginning to see the corruption and manufactured compassion inherent in most (if not all) politicians.

Peter Schiff: We Are In A Bear Market, All News Is Bad News

After rallying on Friday, stocks tanked on Monday, dropping over 450 points. In fact, it was the worst first day of the second quarter since the Great Depression.

Stocks dove Wednesday as well on the heels of China’s announcement that they will intensify the trade war with more tariffs, according to most analysts.  But Peter Schiff, the financial guru who accurately predicted the 2008 recession has a different take.

According to Schiff’s blog, Schiff Gold, most analysts blamed the plunge on the escalating trade war, but Peter Schiff sees it quite a bit differently. He said it was just another bad day in a bear market. In fact, he said the market could have rallied because the Chinese response wasn’t as bad as it could have been. But when you’re in a bear market, all news is bad news.

Schiff says that the media’s talking heads are simply using the tariffs as an excuse. The real truth is that most people are in a selling mood. “Stocks are expensive. The bull market is over. It’s now a bear market. People want to get out. People are allocating out. Growth is slowing whether people want to acknowledge it or not,” said Schiff.

The media pundits are optimistic too; just like they were before the 2008 recession, said Schiff. “That’s what’s going on now. Nobody thinks there’s a problem. Everybody is optimistic. Everybody is bullish. So, when you see these classic signs that something is going wrong, you just ignore it.”

The bottom line is Schiff thinks the economy is going to tank (although he isn’t sure how soon that will occur) and the stock market is going to continue its bear run. But the Fed is not going to be able to come to the rescue this time around because of inflation. If it does try to launch more QE to bail out the stock market, it will completely tank the dollar.

When we do all that, the dollar is going to implode because everybody is going to know that the experiment failed. Everybody is going to know there is no way out of this box. There is no normalization of rates that is ever going to happen. Their balance sheet is never going to shrink. The balance sheet is going to grow permanently, which means this banana republic debt monetization. They can no longer pretend that they’re not doing the same things as South American banana republics. It’s a pure ‘we just print money to finance government spending,’ which is going to explode.

The national debt is an often overlooked aspect of the economy, but in truth, it will play a big role in an economic collapse and Schiff is sounding the alarms.