Professor on Entrepreneurship
Rizal Philippines
October 9, 2019
From Florida politics
From Casey Research, The Rise of Soviet America
We are not US experts, nor do we want to intervene is US domestic affairs (as some Senators are wont with regards to De Lima case) But the move to impeach Trump is gaining grounds and the Socialists are (together with the Democrats) are behind the move. And their daring moves include: free health care for everyone, writing off student loans and more all totally $40 trillion dollars a year, dwarfing the US $21 trillion deficit. And where will US govt these: from more taxes (of the rich) and sequestering private savings. wealth forcefully and or/unwillingly by printing more money without value (inflation)
And these will change the quality of life as is happening in Venenzuela which is in hyperinflaction and characterized by migration from a nation typefied by scarcity and hardship. Will this come to US land of the free. Everywhere, as in USSR Germany has often resulted in hyper inflation and hardship. The fall out on the Philippines may not be so severe but Phil will be affected due to trade, BPO, and OFW...
But will the politic fracas oust Trump. No. Experts predict that it is the Fed rates rising that will cause the US stock market to crash and that is worrisome for many bankers. And economists.
Showing posts with label Fed rates. Show all posts
Showing posts with label Fed rates. Show all posts
Wednesday, October 9, 2019
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