This month three members of Congress have been beaten in their bids for re-election -- a Republican senator from Utah, a Democratic congressman from West Virginia and a Republican-turned-Democrat senator from Pennsylvania. Their records and their curricula vitae are different. But they all have one thing in common: They are members of an Appropriations Committee.
Confidence is eroding. You can see the "change", not political lip service change, in the violence or volatility of the capital markets.
As Armstrong writes
hence, the volatility in the marketplace is a reflection of the undermined confidence or conviction and thus people will panic very easily compared to before 2007.
I agree. The more the status quo is protected with old tactics, the more confidence deteriorates going forward.
Source: washingtonexaminer.com
Source: martinarmstrong.org
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