“U.S. Economy Is In Massive Danger…” – Michael Pento

Thanks.

Wow, talk about bad analysis

lower trade deficits and lower budget deficits with revenues from 20% tariffs income tax property tax to pay interest on deficit and portion of debt every year to lower inflation and grow economies

Consumers aren't paying inflated prices. They're finding cheaper alternatives or doing without.

lol if he wanted to support the middle class he could have let the tax rate come back into effect on the top 10% maybe add a percent or 2.tax the rich . not spend 450b on tents n fences in the Everglades,

European Realist here. In my long life I have learnt one thing; the guys who all jump on the panic prediction bandwagon are almost always MONUMENTALLY wrong. In the 1880s they said 'if horse traffic in London continues like this, in 50 years London will be knee deep in horse shit." The automobile came; no more horse-shit. In the 1930s (apparently) we were all going to die from tooth decay; we didn't. In the 1980s it was the AIDS scare, we didn't all die of AIDS. In the 1950s Communism was going to take over the world; it didn't. The only true communist country left is North Korea. Even China is half capitalist. The Soviet Union was going to triumph; it didn't. In fact, the very opposite happened. Trees were all going to die from acid rain. They didn't. So, to the here and now. Everyone's predicting the rise of China and the decline of the USA. that's the new mantra. Oswald Spengler wrote a book called The Decline of the West (in 1918.) He was also wrong, at least for the next 100 years. For as many predictions that the US (and Europe) will decline, there are as many predictions that China will collapse! I believe the US will NOT have a recession 'like in 1929'. The world is a totally different place; there's absolutely no comparison to 1929…for one thing, in those days there weren't trillions of dollars of oil money from the Gulf/Saudi Arabia swilling around looking for a home, or massive hedge funds of 401Ks; they are long-term investors and only the US market is big enough. I don't see BRICS countries investing massively in each other; would you invest your sovereign wealth fund in China, with the prospect of economic collapse there if Western companies withdraw because of a Taiwan war? Or any other volatile BRICS market? All that oil money from the oil-price hike in the 1970s flowed into the US banks, who let it flow on to South America, which seemed to be on the threshold of development. They lost all that money. Sure, the big 'spenders' might spread some around Europe, but Uncle SAM is still the best bet, and will be, probably for decades to come. After all, the Trump regime is only a short blip timewise. Remember, the US economy was the first to recover after the Dot. com crisis, and the 2007 sub-prime and the Corona crisis. And the US will survive Trump and still be the locomotive of the world economy for a long time. For one thing, they have the ability to think out of the box. Authoritarian countries like China do not encourage people who do that. Both Stalin and Mao eliminated intellectuals. The US does not (though Trump would like to). So, everyone can give us their ‘final warnings’. They say Generals are always fighting the last war. Economists are always predicting the last crash.