The Loss of Political Trust

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.

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.

#AmericanThinker #Trump #Biden #Trust #Schadenfreude

‍