…[According to] a new Gallup poll, of all the major institutions that Americans come into contact with throughout their daily lives, the percent of people who say they have a “great deal” of confidence in banks has plunged more than any other institution [see list below] since June 2006.
So says Tyler Durden (zerohedge.com) in an article that has been slightly edited ([ ]) and abridged (…) to provide a faster and easier read.
Durden goes on to say:[As you can see from the table below,] banks, organized religion, television, newspapers, and Congress [have] all saw double digit declines since June 2006. What this tells us is that confidence is eroding in those who are entrusted to safeguard our assets, manage the country, communicate news and the truth, and provide support spiritually
[Incidentally, the poll also found]…that:
- 43% of those asked said that right now is a “good time to find a job”; [that
- the average confidence in the 14 institutions mentioned above remained constant at 32% albeit down 2 percentage points from just 3 years ago; and that
- overall satisfaction with the U.S. actually had improved from 23% two years ago to 29% today].
Said otherwise, it looks like America is calling bullshit on all of the very institutions that it once relied upon for all of the aforementioned reasons…
Disclosure: The above article was edited ([ ]) and abridged (…) by the editorial team at munKNEE.com (Your Key to Making Money!) to provide a fast and easy read.
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Related Article from the munKNEE Vault:
We have a crisis of trust in America and, as the charts below show, it has only accelerated with government policies of financial repression.