So it’s like you’re saying that the gold rush AI craze, crypto, meme stocks, property bubble inflation, money printing, uber and airbnb, side hustles and crowd funded health care aren’t as good as a real growing economy?
Like and subscribe.
Yes, I agree. Just as with the production/consumption disruption, the current US administration seems to be abandoning the Pax Americana commitments that led to a world of interrelations and dependencies that went beyond trade and economics. This has huge implications. The usa still has a very large military capacity, but the balance of power and what it is going to be used for…these are now in flux in a way we have not seen in living memory.
In a way, its the same logic being applied: that Europe or south America or whatever places are not capable of becoming a rival global power.
This is exactly what they think.
For example, american car factories only make 70% of their capacity. European car factories currently export 50-60% of their product to the USA.
So if there is any idea with the tarriffs (debatable), it’s that the USA will have to grow domestic production (easy) while the rest of the world needs to shrink production (hard).
In other words, there are no other consumers rich enough to buy all this stuff.
How about you do all that and then sell me your product, and then I turn around and sell it to the customer and make 5X the money you make?
Are you not forgetting the threat of tens of thousands of dog-eating Hatians in Springfield, Ohio?
In 2016 they ran the “be afraid of Shari’ah Law taking over the USA” program. …so many hoax memes…
That’s the funny part: if Trump and the supreme court somehow finagle a new legal loophole for the constitution, then Obama will get elected.
Even if he wasn’t undead, it would be SUCH an upgrade.
It’s not like a felon could get elected?!
Drink a covfefe.
Uh, noooo. He got 5 out of 9 votes, fair and square, and won. It was a landmark decision.
send him back to South Africa
Venezuela might also be nice at this time of year.
What are the odds that they saved the US money and kept it a total secret rather than to brag about it.
So low that I think this is a smoking gun that they failed to do so. We now know it didn’t work out because they are quiet.
No, thats Betta.
Better is a taste similar to sour.