“This sharp decline in trust has not been triggered by a particular event. In other words, the federal government cannot reverse this decline by changing its position on any particular piece of objectionable legislation or enforcement. The government now has to hope that this decline in trust will be reversed by nothing in particular. If it cannot be reversed, then the government’s ability to use coercion to gain specific public responses is going to decline. Too many people will not cooperate. We do not see any major change in policy in Congress. We do not see any particular branch of government encountering anything resembling organized resistance. But trust is rapidly disappearing.”
http://www.garynorth.com/public/12381.cfm
(Visited 62 times, 1 visits today)
Related posts:
Eric Margolis: Spying Run Amok
How Congress Snuck in a 3.8% Tax Increase that Will Kick in on Jan. 1
Now Obama wants your 401(k)
Confiscation by the Installment Plan
Jim Rogers: 'Run for the Hills' Now, I'm Doing It
Cracking of the Euro-Elite ... The Triumph of Hope?
A bitter lesson from ‘the best and the brightest’
Euro Pacific Capital Global Investor Newsletter - June 2013
Public Sector Pensions Are a National Issue
Hawks Take Flight: Why the Fed's Hypocritical Dialectic Continues
Quagmires Are Often Just a Few Steps Away
Home Ownership for Young Americans Is Falling. So What?
State-Licensed Human Trafficking
Bill Bonner: What You NEED to Know about Wealth Inequality
Egyptian nightmare for Erdogan