This all feeds into what Rubino calls the “shrinking trust horizon.” Rubino points out,
“When everybody is lying to you, you reach a point where you only trust your city councilman, or your mayor and your local farmers...
So, you just don’t put any stock in what your doctor tells you. You stop taking the vaccinations they tell you to take... You stop doing the . . . statins for high blood pressure and cholesterol. You stop doing that because you don’t trust those people anymore...
Starting with the “weapons of mass destruction,” which the government lied to us to get us into a multi-trillion dollar war in Iraq, it’s been one big lie after another.
In 2016, there was Trump/Russia collusion...It turned out to be Hillary Clinton opposition research.
With the CV19 pandemic, it was just lie, after lie, after lie...
Now, you have what is going on in North Carolina and Tennessee after Hurricane Helene. People are figuring out they are being lied to one issue at a time...
You’ve got a whole new set of people watching the government screw up and behave incompetently or corruptly, and they are learning they cannot trust the guys in charge anymore. So, the trust horizon is shrinking everywhere you look.”
There are so many parts of the economy that are quietly facing huge trouble and big losses.
Nothing could start a total all-sector market crash faster than an attack by Israel on Iran’s nuclear sites.
