news! How did the media cover this?
As I read this string’s headline, it struck me that a wholesale change in sentiment has taken place in America. The reasonable majority in the middle (that 60% of dutiful citizens who usually remain dispassionate...fight our wars, run our systems and companies, pay the bulk of our taxes); have gone from skeptical about market manipulation, government statements, veracity of politicians’ claims to downright universal scoffing and incredulity.
It also struck me that the process over these frighteningly fast eighteen months reminds me of a treatise I read on Paris in the days leading up to the French Revolution. It appeared that the public just lost all belief in the actions or interest of the crown. There was a wholesale collapse of credibility which emboldened the people. I now believe we are entering or are in that period here and it’s a pretty scarey moment of realization.
How long it lasts or how rough it gets remains to be seen but when it happened in France, when they crossed the Rubicam in the mind of the body politic, things accelerated at an alarming rate. To quote that old Hollywood film, “Hang on to your seats gentlemen, we are in for a bumpy night.”