EXTREME RISE OF POPULIST MOVEMENTS IN AMERICA
country told Newsweek in June 2017: “There has been a massive explosion of violence across the country.” I’m sure you’ve seen this yourself. The hatred and anger is like nothing I’ve witnessed in my lifetime. And it’s coming from all sides. A member of my staff went to a book reading in Baltimore by one of the most famous left-wing authors in the country. The author told the crowd that he wished he could go back in time and smother Donald Trump in his crib as a baby... or convince Trump’s mother to have an abortion. This epitomizes the political and social environment in America today. From the protests and marches... to the refusals to stand during the national anthem... From Black Lives Matter to the anti- immigration movements... to the rejuvenation of white supremacists... to the tripling of membership in the Democratic Socialists of America. It’s clear we are in the middle of an extreme “populist” period in America. Ray Dalio, one of the richest men in America, studied the political environments of the past 100 years and concluded in March 2017... The last time that it [populism] existed as a major force in the world was in the 1930s, when most countries became populist. Over the last year, it has again emerged as a major force.
SHORT TERM INTEREST RATES HIT ZERO
Look at the top chart above. The big spikes show when populist politicians got the most
votes in America and abroad. So what does this all mean?
It proves that what we’re experiencing today is eerily similar to what happened in the 1930s... right before the biggest and most radical Debt Jubilee in American history. The economic comparison is stunning. Interest rates hit zero leading up to each of these periods as seen in the second chart above. In the following chart, you can see the government went into mega money-printing mode during both periods...
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April 2019
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