“The ENTIRE System On The Brink Of COLLAPSE” – George Gammon
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CREDIT:
George Gammon
https://www.georgegammon.com
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32 Comments
Fantastic discussion
Excellent analysis
Thank you Sir
Even if manufacturing came back to America it would largely be done by robots not humans. The new manufacturing jobs are looking after fleets of robots and there’s not that many of them needed…
Been months since I watched this doofus!
We have reached a pivot point from where the western world needs to go through a healing econimic down period to relearn, what really matter in life.
He is not a negotiator. He is a marketer. Besides, a convicted felon plus has a few mental problems.
TRUMP
I wasnt sold on the idea that tariffs would make us rich ? I am sold on the conclusion that our current economic trajectory is unsustainable. Reserve Currency status means that inevitably production must flow offshore. This leads to undesirable consequences but it does not mean that some groups in the economy don't get rich in the process. Tariffs or MAGA means changing that. The groups that currently grow rich on financalization will have to learn to grow rich by building and selling products in the US. To imagine that reversing process of the last 40 years and ultimately giving up Reserve Currency status for some new less harmful regime, is not going to be painful is crazy.
To fail to make the change means we will lose reserve currency status anyway while we end up like Veneszuela where the new political model for gaining and keeping power is to impoverish everyone and control them through the distribution and rationing of benefits
The tariffs are simply there so that other countries drop the tariffs on our products. They are a means to an end. They are not the end. I don’t understand why intelligent people don’t get this.
Bloomberg called him a CONMAN. Trump university wss a scam. How can anyone trust a serial liar ?
The rest of yhe world will de US $ . Many are lining up to join BRICS. SEAN is the fifth largest trading block, will gave closer ties with China & so will Japan, S. Korea, Taiwan & Australia& NZ.Canada cannot trust the Nasty MORON & will trade with EU. UK' s future is in Europe. That idiot surrounds himself with clowns & the WH is now a Circus of fools. Empty shelves & recession. The MAGA base will very soon lose their jobs, farms, homes & suffer poverty. USA will implode. It is up to Americsns to LOCK HIM UP in El Salvador !
Corporations/Shareholders sold out Manufacturing 50 plus years ago. It will take 7-10 years to ramp things up, even then; no one will pay for goods made in Western nations. Greed/Coruption, and debasement of FIAT currency has destroyed purchasing power, but a debt collapse will take the globe down.
Good news, George. "Efficient government" will be easy to track. The government will start running a SURPLUS and REDUCING the national debt.
George, the only "industry" that our government subsidizes and protects is DEFENSE. The result is that Iran can sell drones for $25k that we shoot down with missiles that cost from $750,000 to $1.5 million. Trump is looking to reduce our trade deficit and move "supply chains". The result could be higher costs.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In December alone, credit card debt went up 36% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
But if manufacturing regulations are removed then workers will be even less motivated to work at those facilities at jobs that already weren’t very attractive.
Trump economic policies could certainly lead to significant economic consequences for the U.S, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
¡SOY EL FAVORITO! ¡$84,000 CADA SEMANA!
AHORA PUEDO CONTRIBUIR A LA GENTE DE MI COMUNIDAD Y TAMBIÉN APOYAR LA OBRA DE DIOS Y LA IGLESIA. QUE DIOS BENDIGA A ESTADOS UNIDOS. HACE POCO MÁS DE DOS MESES, COMENZÉ A INVERTIR EN XRP, EL S&P 500, ETF DE BITCOIN Y OTRAS CRIPTOMONEDAS. ESO ES CASI DIEZ MESES DE MI SALARIO AQUÍ EN DALLAS, TEXAS. ¡SALUD! SIGUE INVIRTIENDO HASTA QUE TENGA UN RESULTADO QUE ME CAMBIE LA VIDA
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Corruption is everywhere 😮stupid people in highest political position, look at the fuckin government 😅😅😅people without a finished high school education 😂😂😂it is what it is 😅😅😅😅
Fuckin idiots you have to look who lead the corrupted country from 1971 until now 😂😂😂😂😂😂
Parents take away the cell phones . You didn't have one and your still alive. Wake up
The problem is the kids don't want to work. Get off social media and get a job
Trump is a loser…
It's not what he did it's how he did it.
The manufacturers are saying they are coming back but they are going to wait him out. Manufacturers want cheap labor.
Haha when pigs fly…
Haha Cheeto thinks they want to be coal miners!
Cheeto….demented and depraved…and breathtakingly stupid….
If I was a millionaire like him I wouldn't worry about it!
USA is entering "The Golden Shower" era
About these new jobs.. No ones going to build a factory that isn't primary worked by AI, and that's not quite possible. Soon though.
The tariffs are not even on yet, but you all are crying already? Tariffs are great! I just went to Price Chopper to buy bread, sour cream etc : American made went down in price already!