QE has done nothing to help the real economy or real workers, statements to the contrary are propaganda from its sponsors. The good news is that the power to recover meaningful financial strength and balance lies not with governments or central banks, but in the self-discipline, habits and choices of individuals to waste less and save more.
Government approval ratings have hit new all-time lows, according to Gallup, which has been measuring the standing of big institutions since the 1970s. The percentage of Americans saying they have confidence in Congress has dropped to the earthworm level of 7%, the lowest in the history of the poll. The Supreme Court registered its own all-time low of 30%. The presidency, with a confidence rating of 29%, is at the lowest level since Barack Obama took office in 2009, though it was lower in 2007 and 2008, the last two years of George W. Bush’s second term.
Government approval ratings typically drop during recessions, since more people feel worse off and some of them blame the government. Approval ratings usually bounce back during recoveries, as people have less to complain about. That makes the current levels of dissatisfaction unusual.” Here is a direct video link.
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