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Trump admin tells Americans: Stop expecting cheap products, inflation is here to stay
Manage episode 474369867 series 3346987
Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
US Treasury Secretary Scott Bessent, a billionaire hedge fund manager who worked for George Soros, insists, “Access to cheap goods is not the essence of the American dream”. The Donald Trump administration knows its tariffs will result in higher inflation. Products will become more expensive as the US tries to economically decouple from China. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=8DOCZjS_MVc Topics 0:00 Inflation is coming back 0:41 US Treasury Secretary Scott Bessent 1:57 Billionaires 2:34 (CLIP) Bessent: no more cheap goods 2:49 Stagnant real wages 3:54 How China exported deflation 6:20 Myth of the "American Dream" 6:55 End of income mobility in USA 8:04 US life expectancy falls 9:13 Trump's billionaire-filled administration 9:39 Inflation rises 10:11 Richest 10% drive US economy 11:07 Corruption 11:35 Scapegoating 12:15 Recession risks 13:39 Housing is unaffordable 15:40 Elon Musk 16:13 Blackstone 17:13 Fake populism 18:00 Outro
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445 episodes
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Manage episode 474369867 series 3346987
Content provided by Geopolitical Economy Report and Ben Norton. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Geopolitical Economy Report and Ben Norton or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
US Treasury Secretary Scott Bessent, a billionaire hedge fund manager who worked for George Soros, insists, “Access to cheap goods is not the essence of the American dream”. The Donald Trump administration knows its tariffs will result in higher inflation. Products will become more expensive as the US tries to economically decouple from China. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=8DOCZjS_MVc Topics 0:00 Inflation is coming back 0:41 US Treasury Secretary Scott Bessent 1:57 Billionaires 2:34 (CLIP) Bessent: no more cheap goods 2:49 Stagnant real wages 3:54 How China exported deflation 6:20 Myth of the "American Dream" 6:55 End of income mobility in USA 8:04 US life expectancy falls 9:13 Trump's billionaire-filled administration 9:39 Inflation rises 10:11 Richest 10% drive US economy 11:07 Corruption 11:35 Scapegoating 12:15 Recession risks 13:39 Housing is unaffordable 15:40 Elon Musk 16:13 Blackstone 17:13 Fake populism 18:00 Outro
…
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Similar to Geopolitical Economy Report
America is divided, and it always has been. We're going back to the moment when that split turned into war. This is Uncivil: Gimlet Media's new history podcast, hosted by journalists Jack Hitt and Chenjerai Kumanyika. We ransack the official version of the Civil War, and take on the history you grew up with. We bring you untold stories about covert operations, corruption, resistance, mutiny, counterfeiting, antebellum drones, and so much more. And we connect these forgotten struggles to the ...
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continue reading
And we are The Non-Prophets!... airing on the first and third Sunday of every month, starting at 3:00 PM Central (01:30-03:00 UTC) on our Youtube channel: https://www.youtube.com/thenonprophetsaca. The Non-Prophets focuses on atheism and the separation of church and state. Become a supporter of this podcast: https://www.spreaker.com/podcast/the-non-prophets--3254964/support.
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If you’re reading this, chances are you’re not an undecided voter. But if you don’t want Donald Trump to become president again, between now and November you’ll need to convince as many as you can to cast their ballot for Joe Biden. With the help of some of the smartest strategists, pollsters, and organizers in politics today, host Jon Favreau explores the minds of voters who will decide the 2024 election, and gives you everything you need to persuade the persuadables in your life. Season 4 ...
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continue reading
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…
continue reading
The news you need to know today — and the stories that will stick with you tomorrow. Plus, special series and behind-the-scenes extras from Here & Now hosts Robin Young, Scott Tong and Deepa Fernandes with help from Producer Chris Bentley and the team at NPR and WBUR.
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continue reading
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