Serpo
6th May 2012, 03:48 AM
by brotherjohn (http://www.brotherjohnf.com/author/brotherjohn/) on Sunday, May 6th, 2012 | No Comments (http://www.brotherjohnf.com/29855/#respond)
http://ad.linksynergy.com/fs-bin/show?id=7a9t9TinEK0&bids=234812.10000225&type=4&subid=0
May 6th, 2012 – marketoracle.co.uk
http://www.marketoracle.co.uk/images/2012/May/cdn-media_nationaljournal_com.jpg (http://www.marketoracle.co.uk/Article34503.html)The signs are everywhere: Americans have lost trust in our institutions.
The Chicago Booth/Kellogg School Financial Trust Index published yesterday shows that only 22% of Americans trust the nation’s financial system.
Robert Shiller said Monday:
Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now.”
Seven in 10 Americans believe that the country is on the wrong track; eight in 10 are dissatisfied with the way the nation is being governed. Only 23 percent have confidence in banks, and just 19 percent have confidence in big business. Less than half the population expresses “a great deal” of confidence in the public-school system or organized religion. “We have lost our gods,” says Laura Hansen, an assistant professor of sociology at Western New England University in Springfield, Mass. “We lost [faith] in the media: Remember Walter Cronkite? We lost it in our culture: You can’t point to a movie star who might inspire us, because we know too much about them. We lost it in politics, because we know too much about politicians’ lives. We’’ve lost it—that basic sense of trust and confidence—in everything.”
After a 50-year decline, just 14 percent of respondents in a 2011 Gallup Poll said that the federal government could be trusted “a great deal
Gallup reported last month that – for the second year in a row – Americans said that gold is the safest long-term investment. This shows that Americans don’t trust the government. Specifically, as Time Magazine points out:
Traditionally, gold has been a store of value when citizens do not trust their government politically or economically.
READ MORE (http://www.marketoracle.co.uk/Article34503.html)
http://www.brotherjohnf.com/29855/
http://ad.linksynergy.com/fs-bin/show?id=7a9t9TinEK0&bids=234812.10000225&type=4&subid=0
May 6th, 2012 – marketoracle.co.uk
http://www.marketoracle.co.uk/images/2012/May/cdn-media_nationaljournal_com.jpg (http://www.marketoracle.co.uk/Article34503.html)The signs are everywhere: Americans have lost trust in our institutions.
The Chicago Booth/Kellogg School Financial Trust Index published yesterday shows that only 22% of Americans trust the nation’s financial system.
Robert Shiller said Monday:
Our whole economy has been affected by variations in confidence. Central banks are sort of trusted, but the actions they have often affect people’s confidence by appearance rather than substance. We’re not in the most trusting mood now.”
Seven in 10 Americans believe that the country is on the wrong track; eight in 10 are dissatisfied with the way the nation is being governed. Only 23 percent have confidence in banks, and just 19 percent have confidence in big business. Less than half the population expresses “a great deal” of confidence in the public-school system or organized religion. “We have lost our gods,” says Laura Hansen, an assistant professor of sociology at Western New England University in Springfield, Mass. “We lost [faith] in the media: Remember Walter Cronkite? We lost it in our culture: You can’t point to a movie star who might inspire us, because we know too much about them. We lost it in politics, because we know too much about politicians’ lives. We’’ve lost it—that basic sense of trust and confidence—in everything.”
After a 50-year decline, just 14 percent of respondents in a 2011 Gallup Poll said that the federal government could be trusted “a great deal
Gallup reported last month that – for the second year in a row – Americans said that gold is the safest long-term investment. This shows that Americans don’t trust the government. Specifically, as Time Magazine points out:
Traditionally, gold has been a store of value when citizens do not trust their government politically or economically.
READ MORE (http://www.marketoracle.co.uk/Article34503.html)
http://www.brotherjohnf.com/29855/