Is the USA Heading for the Perfect Economic Storm?
Are we heading for the perfect storm- war with Iran, tariffs- increased prices on everything for us, refund of tariffs, total alienation of our international friends, soaring debt, inflation, gold being repatriated by Europeans, and the impact of the Japanese bond market on ours. And, now Trump wants another $200 billion for the war in Iran.
Tariffs leading to increased costs (or reduced margins for companies), refunding tariffs, lower taxes for corporations and public–leading to reduced goverment revenue, commercial real estate increased defaults. Add that Greenland fiasco- Europe is repatriating gold reserves from NY federal reserve and Japan increased their treasury percentage leading to reducing of their investment in the US Bonds- and they are the largest investor in US bonds- $1.2 trillion.Credit card debt by the public- $6700 average at 20-28% interested- plus car loans at $300 to 800. And, then there is the commerical real estate market with $2 Trillion in loans maturing in 2026 requiring higher finance rates with 12% defaults projected. Perfect storm- recession. When, who knows…let’s think positive….
Add Trump’s total confusion in the minds of Americans and the World.
-Tariffs amounts changed at a whim
-Insulting our international allies- Canada, Mexico, Europe, Asia- virtually everybody
-Greenland- buying- creating a chasm with Denmark and Europe
-Venzuela- kidnapping president, said because he wanted oil only to discover US oil companies want no part of it
-Cuba- Trump saying Cuban president must go and he wants to “take Cuba”
– Military use in Mexico, Equador and Nigeria, etc. – drugs
-Jeffrey Epstein- files not all available or redacted
-Hundreds of lawsuits- after coercing law firms to provide free services
-Intimidation – securing monies from universities, media,law firms, IRS (Trump has a personal $10 Billion law suit against the IRS for leaking his tax returns)-Source
-Intimidation against any members of Congress that does not agree with him.
-Trump’s Art of the Deal- Intimidation
The question now is whether Trump intimidation will lead to the termination of the USA as we know it.
