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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (124488)11/11/2016 8:30:46 PM
From: carranza2  Read Replies (1) | Respond to of 217745
 
I looked for this article I posted back in 2010. A terrific guide to the events of Tuesday.

Message 26801102

The reference to the 'country class' was brilliant, as was this:

The ruling class's appetite for deference, power, and perks grows. The country class disrespects its rulers, wants to curtail their power and reduce their perks. The ruling class wears on its sleeve the view that the rest of Americans are racist, greedy, and above all stupid. The country class is ever more convinced that our rulers are corrupt, malevolent, and inept. The rulers want the ruled to shut up and obey. The ruled want self-governance. The clash between the two is about which side's vision of itself and of the other is right and which is wrong. Because each side -- especially the ruling class -- embodies its views on the issues, concessions by one side to another on any issue tend to discredit that side's view of itself. One side or the other will prevail. The clash is as sure and momentous as its outcome is unpredictable.

In this clash, the ruling class holds most of the cards: because it has established itself as the fount of authority, its primacy is based on habits of deference. Breaking them, establishing other founts of authority, other ways of doing things, would involve far more than electoral politics. Though the country class had long argued along with Edmund Burke against making revolutionary changes, it faces the uncomfortable question common to all who have had revolutionary changes imposed on them: are we now to accept what was done to us just because it was done? Sweeping away a half century's accretions of bad habits -- taking care to preserve the good among them -- is hard enough. Establishing, even reestablishing, a set of better institutions and habits is much harder, especially as the country class wholly lacks organization. By contrast, the ruling class holds strong defensive positions and is well represented by the Democratic Party. But a two to one numerical disadvantage augurs defeat, while victory would leave it in control of a people whose confidence it cannot regain.



To: TobagoJack who wrote (124488)11/11/2016 8:54:55 PM
From: Elroy Jetson  Read Replies (8) | Respond to of 217745
 
Gold has tumbled along with all other commodities which tumble in price when a deflationary depression looms.

Trump's election greatly increases the risk that the current global slow-down turns into a full-blown depression.

Unlike Germany, the US Congress refused and still refuses to act in an adult manner.

This has left only the Fed to deal with the economic depression which resulted from the deliberate post-9/11 real estate bubble which collapsed the banking system in many of the countries who participated in the Iraq War.

The Fed is out of bullets and Congressional Republicans are openly mocking Donald Trump.

Gold is now officially on the down escalator.