Posted Jul 24, 2013 by Martin Armstrong
The Disapproval Rating of Congress has reached an all time high 83%. This is a historical high and is moving into what our computer has been forecasting that 2016 will be a rise in 3rd Party Activity. It is a shame, but politics has lost all touch with the people. The White House is actually arguing that the NSA needs to collect every phone call. This demonstrates that there is nobody left to defend the constitution.
Both Democrats & Republicans are fighting old theories that have proven to be complete disasters. Even in France, on July 18th, 2013 they passed the new Bail-In legislation and took the same position I stated the Fed was going around telling the banks that they will NOT cover losses in proprietary trading – only deposits and loans.