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FED is caught between a rock and a hard place, in a double bind. Because of jobs data, it will 100% cut interest rates in the next 2-3 FED meetings with inflat

FED is caught between a rock and a hard place, in a double bind. Because of jobs data, it will 100% cut interest rates in the next 2-3 FED meetings with inflation clearly showing an upwards trend. US could print money for over a decade because of China exporting deflation to it and the world, now that China is an enemy, it's up for a rude awakening. Monetary policies matter, the Dollar will suffer great debasement (it already is). Imagine how many dollars are in supply around the world, and now the world is quitting the dollar. There'll be too many dollars for too little demand. Fasten your seatbelts... The country will become industrialized for the wrong reasons -- by becoming poorer.

Workaccount2 1y ago
>The country will become industrialized for the wrong reasons -- by becoming poorer. Trump is a populist. That is the goal. The elite will get hammered and the bottom will be pulled up. The country will be net poorer, but the bottom will be higher than it was before. At least that's how the plan is sold on paper.
- thiago_fm 1y ago
  I can understand that, but both the elite and the bottom will be pulled down with the policy. As I've mentioned, industrialization will happen benefiting jobs for blue collars, but you'll have lots of inflation. And inflation hurts a lot the poor, as they have little to zero discretionary income. It's like a sales tax, it affects the poor more than the rich, proportional to how much they have available to spend. A country with lots of factories can't afford suburbs, F150s, houses (instead of small condos). I know this because I live in Germany, and we do have factories, but the life you can afford working in one of them is much more humble than a construction worker in the US can already right now. Americans will need to learn to live on cramped spaces and stuff that doesn't make sense, as they'll really hate it. There's no way the US government will have money to maintain all that suburban infrastructure, huge defense expenses without being high in the value chain.
- duxup 1y ago
  Trump is a populist in rhetoric only. I don't think his actions demonstrate he is a populist via policy. His excuses might be his rhetoric but his actions don't match.
  - Workaccount2 1y ago
    https://en.wikipedia.org/wiki/Right-wing_populism https://en.wikipedia.org/wiki/Right-wing_populism Populism is a spectrum (a horseshoe in many regards too), it's not just Bernie Sanders.

Workaccount2 1y ago

>The country will become industrialized for the wrong reasons -- by becoming poorer. Trump is a populist. That is the goal. The elite will get hammered and the bottom will be pulled up. The country will be net poorer, but the bottom will be higher than it was before. At least that's how the plan is sold on paper.

thiago_fm 1y ago
I can understand that, but both the elite and the bottom will be pulled down with the policy. As I've mentioned, industrialization will happen benefiting jobs for blue collars, but you'll have lots of inflation. And inflation hurts a lot the poor, as they have little to zero discretionary income. It's like a sales tax, it affects the poor more than the rich, proportional to how much they have available to spend. A country with lots of factories can't afford suburbs, F150s, houses (instead of small condos). I know this because I live in Germany, and we do have factories, but the life you can afford working in one of them is much more humble than a construction worker in the US can already right now. Americans will need to learn to live on cramped spaces and stuff that doesn't make sense, as they'll really hate it. There's no way the US government will have money to maintain all that suburban infrastructure, huge defense expenses without being high in the value chain.
duxup 1y ago
Trump is a populist in rhetoric only. I don't think his actions demonstrate he is a populist via policy. His excuses might be his rhetoric but his actions don't match.
- Workaccount2 1y ago
  https://en.wikipedia.org/wiki/Right-wing_populism https://en.wikipedia.org/wiki/Right-wing_populism Populism is a spectrum (a horseshoe in many regards too), it's not just Bernie Sanders.