Weak Bounce Wednesday – Fed Can’t Paper Over a Crisis of Confidence


That's how many of your fellow Americans have "a great deal" or "quite a lot" of confidence in banks.  Only 18% of the people have confidence in Big Business and just 9% have confidence in Congress.  9% – that's not even the whole top 10% that Congress works for!

This is supposed to be a Democracy, folks – in a real Democracy, half of us should be happy with the people we voted for – certainly not 9%.  Something is very, very wrong with this country if we are seeing these kinds of numbers but at least it's encouraging to see that the public is finally waking up to the idea that TV News and Newspapers are not to be trusted.

This is what I mean when we are having discussions in chat and I point out to our Members (who are almost certainly in the Top 10%) that we live in a bubble and that the rest of the country is deeply unhappy with the way things are – about 10% more unhappy than they were 10 years ago at this pace.  That's an important number because we're down to our last 10% and we can't afford another 10 years of eroding trust or soon it will be just us rich folks defending our institutions from the 90% that are mad as Hell and not going to take it anymore.

Do we even have it in us anymore to be angry about what our nation is becoming?  Only 30% of us have faith in the schools we send our own children to where they are supposed to be prepared for their lives ahead and, if not, they may have to deal with a criminal justice system that not even 1/4 of us believe in.  That's kind of ridiculous, isn't it?  

That's why the Brexit vote next Thursday is such a big deal – one country, one Democracy on this planet - our closest cousins, in fact, is putting their foot down and saying "we don't know if things will be better or worse but we do know that what we have sucks – so we're voting to change."  Obama was elected on the "Change" platform but, as evidenced by the poll above, nothing has changed – we need something more drastic than a new President.