The Illusion of American Power Is Crumbling

Public trust in the federal government has collapsed to historic lows, and much of the world now views Washington as a debt-laden empire with no plan beyond more spending and more printing. As foreign nations lose faith in US Treasuries and turn to gold, the dollar’s century-long run as fiat money is facing growing skepticism at home and abroad.

The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.

The most important component of social and political reform is for the general population to know what is actually happening and to see through government propaganda and its extreme nationalistic patriotism. Opinion polling finds an all-time low for trusting the US government—less than 20 percent, compared to nearly 80 percent during the gold standard.

This eye opening could be the single greatest contribution of President Donald Trump. He entered the presidency on a campaign of draining the swamp and fighting the deep state. He talked a good game but ultimately lost to those foes, the media, the courts, and the ballot box.