Shining a Spotlight on Trumponomics 2.0 – Swamponomics

Moving on from Bidenomics.

by Andrew Moran | Nov 21, 2024 | Business News, Opinion, Swamponomics

American voters sent Washington a blunt message: We hate inflation.

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Foreign investors are holding a record amount of uh debt I think about eight point seven trillion dollars a record You know and all these alternatives you know BRICS accounts for one percent of global trade Its current its reserve currencies represent about 5 percent of global uh foreign exchange reserves So when you say that the U dollar is weakening what exactly do you mean by that Oh sure I mean I agree with all your points there that For better and for worse there is not a natural successor to the U dollar and I don't think the BRICS really have the wherewithal as you noted to challenge the U dollar Now other currencies might The Euro for example or in the long run a Chinese currency would be in the fold but So when I say it's weakening I mean there's just less long-term confidence.

Ahead of his inauguration, President-elect Donald Trump is already grappling with BRICS and its anti-dollar campaign.

It is no secret that Uncle Sam is struggling The federal government registered a 1 8 trillion dollar budget deficit in fiscal year 2024 the third largest on record The national debt recently unlocked the 36 trillion dollar milestone roughly 3 months since touching the 35 trillion dollar mark Interest payments are about one trillion dollars per year Indeed this would occur if the US economy were contracting or entrenched in a major war or facing a health crisis.

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Shining a Spotlight on Trumponomics 2.0 – Swamponomics

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Andrew Moran

Economics Editor

Latest Posts

Questionable Environmental Policy on Trial?

Democratic Party in the Wilderness, Unable to Cope With Defeat

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Liberty Nation News – Headlines – Breaking

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The Beltway and Beyond

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Shining a Spotlight on Trumponomics 2.0 – Swamponomics

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Andrew Moran

Economics Editor

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Latest Posts

Questionable Environmental Policy on Trial?

Democratic Party in the Wilderness, Unable to Cope With Defeat

Inside Trump’s America First Energy Agenda

Tariffs on the Yellow BRICS Road – Swamponomics – Special Edition

How Democrats Lost the Portfolio on Education to the GOP

Liberty Nation News – Headlines – Breaking

Liberty Nation News: The Beltway and Beyond

Liberty Nation News:
The Beltway and Beyond