by Douglas Schwartz, All News Pipeline:
Trump’s epitaph must include credit for injecting “fake news” into the lexicon. You are reading these words via alternative media born in response to the industrialization of fake news. The news business is zero-sum. Every lost NY Times or Washington Post subscriber becomes a Twitter, YouTube, Rumble, Gateway Pundit, etc. viewer. The industry just experienced a staggering crisis of trust over the Biden coverup.
The overall financial implications of continuous erosion of trust in government have yet to be grasped. For homework, online search: fake+u.s.+government+economic+statistics. Especially significant will be the coming de facto credit downgrading resulting from the Biden fiasco. Credit is from the Latin credere, to believe. Biden shines a spotlight on government/media lies of all flavors, awakening creditors to our extreme government trust deficit.
TRUTH LIVES on at https://sgtreport.tv/
America’s economy is sustained by creditors’ willingness to purchase our bonds. The Biden affair ripped the bandage off the festering wound from a century of continuous lies, financial and otherwise. Accelerating money creation and debt accumulation relies on lies and wishful thinking. Investors, domestic and foreign, have yet to dump U.S. government bonds. The key word is “yet.” A special kind of stupid is required to exchange cash (even fake U.S. cash) for 30-year Treasury bonds and expect them to be honored. Honor left the building decades ago.
A political reckoning obviously follows Biden’s unmasking, now a distraction preventing focus on a potential November landslide encompassing down-ticket races across the board. Senate and House control is at stake. There are financial and political sides to the coin. Total focus on the political misses upcoming equally significant financial consequences.
In the Great War’s wake in 1919, Yeats composed The Second Coming, the ultimate commentary on his and our chaotic times,
Things fall apart; the center cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
The “ceremony of innocence” was shattered after the blood-dimmed limousine sped from Dealey Plaza. Subsequent years witnessed centrifugal forces tearing apart the center. The Vietnam War, a 500,000-troop, 58,220-dead atrocity, spawned the antiwar movement. Public trust in government was an additional casualty of Vietnam. Nixon’s Silent Majority arose in response, and from exploitation of the employed classes. It represented a reconfiguration of the center. He was re-elected in a 49-state landslide when voters were offered a centrist alternative. Reagan’s revolution targeted oppressive government; another 49-state re-election blowout followed.
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