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.
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
Made this mistake before
And I was kept for four hours by border police for no reason
America. Let us assign blame to the proper agent.Trump is a bully. A bully is a coward who picks on the weak to promote fear and compliance.
He is trying to put fear in the hearts of illegal immigrants.
because these folks don't they HE will effect them.These repubs are so corrupt!!!!!!!!!!!!!!!!!!!!!!
They are doing this BS right out in the open!!
I just don't get why this allowed to happen!!!
Rules are only for you.because these folks don't they HE will effect them.
These repubs are so corrupt!!!!!!!!!!!!!!!!!!!!!!
They are doing this BS right out in the open!!
I just don't get why this allowed to happen!!!
Legendary Democratic strategist James Carville discusses his bold prediction on the "massive collapse" unfolding inside the Trump administration and how Democrats should respond.