What’s Coming Is Much WORSE Than A Recession – Richard Wolff’s Last WARNING
President Trump’s policies amount to an economic war on the world at a moment when America’s global influence is weaker than at any point in the past 75 years. Richard Wolff, renowned economist and professor emeritus at the University of Massachusetts Amherst, emphasizes that these moves aren’t just controversial—they’re dangerous, accelerating a decline in the global demand for the dollar. Wolff points out that Trump’s aggressive immigration stance and harsh enforcement policies, particularly through agencies like ICE, have dramatically deterred tourism and foreign investment.
The consequences are clear: foreigners, who previously invested heavily in luxury American real estate, are now pulling back significantly. This drop-off not only impacts the real estate market but also the value of the U.S. dollar, as foreign investors reduce their need to purchase dollars for investment purposes. Meanwhile, Trump’s tariffs and immigration policies are combining to produce precisely the opposite effect intended, exacerbating America’s economic isolation rather than strengthening its position.
Wolff highlights how this decline in dollar demand coincides with the rise of BRICS (Brazil, Russia, India, China, South Africa), a coalition rapidly growing more influential. This bloc increasingly sees the dollar as unreliable, shifting toward alternative currencies or even entirely new digital composite currencies. Wolff explains that despite Trump’s strategy aiming to bolster the dollar’s value, the dollar actually dropped significantly, by 8-10% within six months of Trump’s inauguration—a stark indication of waning global confidence.
This rapid depreciation is unprecedented in modern currency markets, signaling deeper economic vulnerabilities. As America’s once-dominant economic leverage weakens, Wolff urges a clear understanding of these shifts to comprehend the emerging economic reality fully.
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