Mark Thornton: The Empire Has No Clothes

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Mark Thornton: The Empire Has No Clothes
By Matt Morgan - October 20, 2026

Summary

Thornton argues that trust in the US government has collapsed to below 20% (compared to nearly 80% during the gold standard era), and that Trump’s presidency, despite initial promise, was captured by Zionist donors, the military-industrial complex, and the deep state, with his approval now at a record low of 31-32%. He contends that the US is seen globally as a bankrupt, despotic empire, that printing money to inflate away the national debt is the most immoral tax, and that the war against Iran has exposed American military limits and ended the petrodollar’s special status. Thornton concludes that only a bottom-up ideological shift toward limited government, sound money (gold and silver), and individual natural rights can reverse the familiar historical pattern of empire collapse, citing the nonviolent fall of communism as a model for peaceful reform.

Top 5 Key Topics

  • Trust in government collapses: Thornton reports that opinion polling finds trust in the US government at an all-time low of less than 20%, compared to nearly 80% during the gold standard era. He credits Trump’s exposure of the deep state and swamp as possibly the single greatest contribution to this awakening, even though Trump ultimately lost to those foes.
  • Printing money as immoral taxation: Thornton calls printing currency a hidden tax and the most socially destructive and immoral of all taxes, noting that counterfeiting carried the death penalty under the Crimes Act of 1790 and still carries 25 years in prison. He says the world shivered when Trump told Time magazine the national debt could simply be inflated away, and that the US dollar has not been true money for the last century but a fiat currency foisted on the world.
  • Global shift back to gold: Thornton explains that after the US sanctioned Russia for invading Ukraine and stole Russia’s holdings of US government securities, other countries no longer trust US bonds and have been increasing their purchases and holdings of gold. He adds that many nations are bringing their gold home from the United Kingdom and the United States out of safety concerns.
  • The Iran war fiasco: Thornton states that the war against Iran has exposed the limits of American military prowess, ended the special status of the petrodollar, and revealed an arrogant ineptitude of strategy and tactics. He cites attacking an adversary during negotiations, killing Iran’s supreme religious leader, targeting innocent civilians, and showing total lack of concern for allies except Israel as evidence of a despotic ruler, not {{“a shining city on a hill”}}.
  • Bottom-up reform with sound money: Thornton argues that successful reform must be a bottom-up process, not top-down or personality-driven, with states as small as possible and based on local community support and self-determination down to the individual level. He insists reform must reduce and limit government powers, enshrine inalienable natural rights, and adopt sound money (silver and gold), pointing to the largely nonviolent, ideologically driven downfall of communism as a model over violent revolutions.

 



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