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| i think the realization of the trade deficits weight on the economy is quietly known on both sides of the political aisle. tariffs are a way to address that. yellan and jerome powell had nearly $1 trillion disappeared off the books, it actually went overseas from the foreign goods bought by consumers. m1 m2 money supply declining, yet the debt and the obligations remain, the trade deficit loss to the economy cant be afforded. fear of a 1930s deflation is more likely that 1970s inflation that is showcased.
george gammon explains it pretty well.
https://www.youtube.com/watch?v=xj6X-OOVsn0 | |
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how can this be
