End Citizens United Struggles To Sanitize The Political System

End Citizens United is a political watchdog that is interested in bringing to an end the use of Big Money in the electoral process. It has come to light that the successful election of a leader whose campaign has been financed by corruption money leads to propagation of the vice further. It is because the elected leaders start rewarding those who were loyal him/her in the course of the campaign process. Immediately after the election of Donald Trump to the presidential office, he nominated corrupt individuals to hold multiple powerful seats in his government since they had previously invested heavily the campaigns.

When such activities are undertaken, the masses never benefit from the political process as the rich put their needs first to regain the money that was previously invested. End Citizens United was born out of the decision by the Supreme Court which was made in 2010, with regards to a motion that allowed wealthy persons and corporations to offer as much finance as possible in support of the different campaign processes.

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As a result, atrocities started to be committed by the political elite who did not take into account the interests of the typical voters. The primary policy of End Citizens United is that none of the members donate more than $5000. The PAC currently has 100,000 members, and this is a tremendous increase considering that about 40,000 members of the total figure are persons who are donating for the first time.

End Citizens United is using the finance that is given by its members to fight the utilization of a campaign system that is primarily considered to be broken. The PAC supports the election of more Democrats into office because it views the Republican leaders as the primary hindrance towards the achievement of success. The Republicans have always objected the plan to overturn the ruling that allows the use of Big Money.

The massive effort invested into the process by the PAC is continually gaining momentum, considering that the PAC has managed to raise more than $4 million within the first quarter since its inception. The movement projects that it will have managed to raise more than $35 million before the congressional midterm elections that are set to take place in 2018. The expected amount is quite high because only $25 million was raised before the 2016 mid term elections. The voters are fighting back by trying to change the system entirely since it has stopped serving them as expected, but instead, it is being used as a cash cow for the wealthy.

We Are Repeating 2008 According to hedge fund mogul George Soros

George Soros, the chairman and founder of the open society and the hedge fund mogul, has predicted that the current market is heading for financial crisis experienced in 2008. The cause of the bear global market crises in 2008 was the subprime crises experienced in the United States. However, the cause of current bear market is China. http://www.cnbc.com/2016/01/07/soros-its-the-2008-crisis-all-over-again.html.

 

Soros has ardent followers from investment communities, and they have enough reason to follow him. Soros has a net worth of $24 billion. In addition, he has been credited for predicting correctly the U.K pound devaluation in 1992. Besides, the Japanese stock plunge in 1989, and the rise of Germany mark after 1989. His recent prediction is associated with the idea that the current market environment is reminiscent of 2008. Though the current turmoil distinguishes itself from the 2008 crises, which was led by reckless lending, lax regulation. http://marketrealist.com/2016/01/repeating-2008-says-george-soros/

 

The subprime crises of 2008 shook united state, the world market at large. The housing market collapsed and left the united State in a major recession. It is already seven years, and the housing market and the U.S economy has not fully recovered, despite the federal initiatives on monetary policy that included zero-bound interest rates and asset-purchase programs. http://marketrealist.com/2016/01/repeating-2008-says-george-soros/

 

Soros believes we are repeating 2008, from his perspective the points of similarity between 2008 and now includes the fact that the US economy is broke and the plunging US stock market is increasing demand for safe havens. According to Bill Gross, the current US economy outstanding debt is about 100% of its GDP, while the stocks extend beyond that. The social security costs under various programs currently account about 400% of GDP. http://marketrealist.com/2016/01/us-economy-broke-says-bill-gross/

 

As China continues to affect the worldwide market, so far the US stock market has been hammered. Since the beginning of the year, volatility and uncertainty have been on the rise. For instance, on January 15, 2016, Dow Jones gave up 391` points for an aggregate loss of about 1400 point in two weeks. Fear has already gripped the market, and it is sending the equity market south. Nevertheless, the carnage being experienced in the oil sector is hammering investors and equity market as well. Investors have started looking for safe investments, this can be inferred from the rising price of silver, and gold by 1.1% and 1.6% respectively, the key factor driving the rising price is a call for safe havens. http://marketrealist.com/2016/01/us-economy-broke-says-bill-gross/

 

China economic story of the last thirty years is soaring in the eyes of many analysts. Since last summer, a stock market crash is being experienced, and t has thrown tremendous difficulties, in the recent months a raft of data has disappointed China leaders as the country retry to refocus from manufacturing to a consumption economy. http://www.cnbc.com/2016/01/07/soros-its-the-2008-crisis-all-over-again.html