Wall State Has Been Betting Against America for More Than 30 Years

On the day Ronald Reagan/GHWB left office (1/20/93), the Dow Jones Industrial Average closed at 3,412. Eight years later, when Bill Clinton left office, it closed at 10,587. As outsourcing our manufacturing base got underway in earnest, in short, the market tripled in value.

And… pic.twitter.com/TpCvAIzSO9

— TheLastRefuge (@TheLastRefuge2) April 5, 2025

… the Dow’s peak has ascended to the lofty heights of 45,014 as we have continued the remorseless march to a purely service economy. And now, we are outsourcing the service industry to call centers in the third world, with AI looming over the horizon.

How could the Dow climb like this as our national debt skyrocketed and our middle class started to fall farther and farther behind?

The answer is clear: Wall State has been betting against America for more than 30 years. But let’s not leave the national debt out of this equation. We now know where a lot of that money came from (thin air) and where it ended up (in the pockets of a tiny elite and their army of corrupt public servants).

When you look at how the pie is now divided, it is startlingly similar to what the world looked like before the Industrial Revolution and the concomitant political and military revolutions of the late 18th and early 19th centuries.

This, in my judgment, has been the objective of the elite for a span of time measured not in decades but in generations. The elite collectively views the last 250 years of history as an aberration– an affront to the natural order of things.

The picture that I have shared so many times is truly their desired outcome. They will live in the shining city on the hill, and we will live in the squalor that has always been the lot of the peasants in a feudal society.

President Donald J Trump did not cause the political problems now visible brightly throughout our nation; no, Donald J Trump is our vessel, our voice, our response to those problems.