If you ever needed proof that government is collapsing, here it is live and in full color. Freshman Congresswoman Alexandria Ocasio-Cortez (D-N.Y.) was just placed on the House Financial Services Committee. Who is the Chairperson? None other than the controversial Maxine Waters (D-Calif.). We now have two people with absolutely NO expertise in this field going to overlook banks and Wall Street. This illustrates the entire problem and crisis we face. This is like directing me to operate as a Brain Surgeon without any consideration if I even understand the field no less have any experience.
We can count on wild and crazy statements coming from this committee that will disrupt the world economy and confuse the hell out of people. It certainly appears with every step we take, we are moving in the direction of a complete collapse in confidence. I can’t imagine the bond market will survive comments coming from these two pillars of financial stupidity. You cannot be the boss of people in an office if you do not even understand what the work is all about.
Waters served in the California State Assembly, to which she was first elected in 1976. She was elected to Congress in 2013. Here too, she has worked in politics only. Neither her nor Ocasio-Cortez have any experience in the financial industry. The computer continues to show that both parties will decline and a third party will rise from the ashes.