The two presidential candidates for the Dems both want to put “fracking”, which made the US independent of foreign oil again, out of business.
In the past, Secretary Hillary Clinton has supported fracking. But now that the winds seem to have changed in her party, the typical transformation in the candidates is also occurring. She stated, by “the time we get through all of my conditions, I do not think there will be many places in America where fracking will continue to take place.”
The current president has made good on his promise to put coal out business. Tens of thousands of people have lost their jobs and entire towns have turned into ghost towns.
Clinton will now do the same to the big fracking areas of the US.
Sanders calls for an all-out ban against fracking on federal lands. And half of the voters in the US love it. The level of ignorance amongst voters world-wide has reached a new 100 year high. Karl Marx lives again. The corruption between the large financial firms and Washington has caused a great backlash against capitalism. The voters don’t even realize that capitalism and free markets have almost disappeared. Unknowingly, they are revolting against freedom.
History shows that such a reversal of public sentiment, from free markets to supporting total control by governments, never ends well.
Nassim Taleb, author of the financial book The Black Swan writes:
“People are not voting for Trump (or Sanders). People are just voting, finally, to destroy the establishment.”
The socialist running for president talks well about how he would solve all the problems. Did he write any bills to make the changes he is now talking about in the 20+ years in Washington? These are the types of people attracted by governmental office…unfortunately. Look at the poor choices voters will have in this presidential election: is this the best the country has to offer out of 315 million people. It’s the same in every election.
However, he is very popular with younger voters who just want a change, any change, to ‘destroy the establishment” as Taleb writes.
The long-term socio-economic wave (credit to Robert Prechter) is now pointing downward. And that controls the markets and the economies. All rallies in stocks or commodities will be bear market affairs. The central banks have been leaning against this major trend since at least the last crisis, but nothing works. Every new stimulus has a weaker effect. They are mystified.