The warning sign looms large over us economy and the world should be watching
Bets are high and we might be about to witness the biggest economic crash in modern history. But the rest of the globe may move on and prosper while the US gambles with the Devil.
The crashing of the economy on purpose in order to decentralize money and turn to cryptocurrencies is a big heist. Donald Trump and his corporate hyenas want to wholly control it.
This is one of the first instances in US history where the government is largely unscrupulous and trust is at an all time low. A weaker dollar creates looser financial conditions, higher nominal GDP growth, higher asset prices, higher US exports and a lower trade deficit, and easier debt servicing for the US government. But the masses have to wake up and see that a weaker dollar hurts people and the average spender the most by driving higher consumer prices, lower real wages, higher interest costs over time, reduced savings value and greater financial inequality.
The Fed is ready to throw the dollar under the bus at any time under pressure from the Trump administration. Zero Democrats voted in favor of advancing crypto market structure legislation in the Senate Agriculture Committee but that isn't solving anything. US government may shutdown when politicians stop agreeing, government stops paying workers and debt keeps growing unpredictably. But people of the country and the general consumer will suffer the most under an unprincipled and reckless administration that knows nothing and does whatever it wants.
96% of Trump's tariff costs are being paid by Americans while foreign exporters pay only 4%. Even if Republicans lose the midterm election or Donald Trump is impeached, he is sure to escape with a lot of money under his belly. The impacts of the damage that he and his supporters in the government have caused and are still causing are far reaching. Bets are high and we might be about to witness the biggest economic crash in modern history. But the rest of the globe may move on and prosper while the US gambles with the Devil.
This is one of the first instances in US history where the government is largely unscrupulous and trust is at an all time low. A weaker dollar creates looser financial conditions, higher nominal GDP growth, higher asset prices, higher US exports and a lower trade deficit, and easier debt servicing for the US government. But the masses have to wake up and see that a weaker dollar hurts people and the average spender the most by driving higher consumer prices, lower real wages, higher interest costs over time, reduced savings value and greater financial inequality.
The Fed is ready to throw the dollar under the bus at any time under pressure from the Trump administration. Zero Democrats voted in favor of advancing crypto market structure legislation in the Senate Agriculture Committee but that isn't solving anything. US government may shutdown when politicians stop agreeing, government stops paying workers and debt keeps growing unpredictably. But people of the country and the general consumer will suffer the most under an unprincipled and reckless administration that knows nothing and does whatever it wants.
96% of Trump's tariff costs are being paid by Americans while foreign exporters pay only 4%. Even if Republicans lose the midterm election or Donald Trump is impeached, he is sure to escape with a lot of money under his belly. The impacts of the damage that he and his supporters in the government have caused and are still causing are far reaching. Bets are high and we might be about to witness the biggest economic crash in modern history. But the rest of the globe may move on and prosper while the US gambles with the Devil.