According to Business Insider,the US is not facing a recession – we are effectively in one caused by economic uncertainty directly related to Trump’s War Machine.
The hit to taxpayers to date for the Iran War alone is $58 billion.
Hegseth has now asked GM and Ford to cut their car manufacturing and retool more weapon manufacturing.
Fires are burning amidst a massive drought across Colorado and Trump has twice refused Governor Polis any aid support. US infrastructure needs a $3 trillion boot to upgrade from its C-rating. And America has become the pirates of the sea confiscating oil.
Oil and gas facilities across the Middle East took the greatest proportion of damaging cost pegged at $50 billion.
Who will pay? Iran has stated that the Middle Eastern countries which hosted the US and Israeli strikes should foot the bill– however, logistics in completion could cost the economy outside of repairs and run many years. Saudi Arabia has formally announced the US is officially persona-non-grata. And a riff seems to be in the air between the UAE and Oman over the Iran war. As a direct result, at least $3.34 trillion will be removed from Trump’s investment pledges.
Where is the MONEY going to come from in America?
With $2 trillion annual deficit spending it appears as though printing worthless money is the solution, ratcheting up inflation and further depressing individual taxpayers, seniors, and small businesses. Yet according to the White House – we are all enjoying the best economy ever! How could we possibly have missed all that wealth?
Looking at numbers: To invest with BlackRock or any of the controlling hedge funds one needs a ‘minimum’ of $2 million cash.
The number of 401(k)’s with a balance of $1 million or more is 3.2%. The average balance of a 401(k) for millennials is $67,000. When media pundits hail the stock market as a measure of the economy, they are literally hailing the 2-percenters. It is a meaningless measure and has been for decades. But the market is labeled the Hallelujah of American exceptionalism while it makes money for ONLY the wealthiest 2%.
Source: Global Research
