Secretary Bessent is right about us having been in a Recession/Depression these past 5 years.
The equation The Banksters use to calculate "GDP" means we can raise the "GDP" by increasing Inflation and increasing Government Spending.
Biden increased "GDP Growth" by importing a bunch of Illegals and raising oil prices by 20%. More wealth was transferred to the 1% during Biden than ever before in human history.
Risk Free, unlimited control of Monetary Policy by The Banksters has given them a literal Free Money printing machine for themselves. Every dollar The Fed prints goes first through The Banksters, who put it directly into Assets, because there's no other place to put it. Everybody already has 4 maxed out credit cards.
We had an expert in the field in this interview but somehow people who have never consulted on economic policy in any country expounding on their opinions that this won’t work- I want to see your resumes! 😒
Impossible to bring back manufacturing since it’s rapidly being replaced by automation and AI powered humanoid robots. China is all in on machines to replace their labor force in order to totally dominate global manufacturing with their AI, AI powered humanoid robots and self driving cars. Even our own tech companies are committed to this. Elon certainly is and he knows China is as well. Trump is trying to bring back a past with factories full of people with well paying jobs. China is aiming for the future which will be driven by AI, automation and humanoid robots ever more intelligent and skilled. Why doesn’t Elon tell Trump this instead of just keeping quiet about tariffs? This is not secret information. Why doesn’t everyone in our government know this? Shame on Elon though for letting Trump make such a stupid and disastrous mistake.
Finally sane talking posts. AI and automation is going to replace most jobs (look at MIT self guiding robots doing Electrical work in walls). We need the plants to make tax money but those jobs you remember back in the 1980s no they are never coming back in those numbers. A automated plant needs 1/10-1/20 of the total labor and can work non-stop 24/7.
And this is what China is all in on and totally committed to. I thought when Trump brought in Elon and all these other AI CEOs and sided with Elon over Steve Bannon that he understood all this yet here we are with Trump waging war on our global economic system to bring back the days of people-centered factories in America. And how is it possible that Elon keeps quiet about this? I just have no idea how this can be happening. We all had such high hopes after Trump was elected and now those hopes have been pretty much crushed.
What we need is those factories not to create jobs it's to create product and taxes. We need the income to fuel the fire for services and media content providers. Elon Musk sometimes rarely talks about this but not enough and it's not dire terms. AI Revolution is not about self-thinking computer (Humans are still needed there), but it's the reduction of human labor and production needed to create our society.
The interview with the Treasury Secretary explains a lot and I think will calm a lot of nerves. Scott Bessent brings up the Reagan policies and how disruptive they were at first. People were freaking out. There were protests at the Fed because Volcker was raising rates so high (17%, but it broke the horrible inflation that had gone on for a decade), government spending was being cut on domestic programs and military spending ramped up, the stock market crashed, and we had a massive recession. I graduated in 1981 from a fancy college with top grades and could only get a crappy job. It was really hard. But the market bottomed in 1982 and launched an explosion of economic growth due to the tax cuts that made the 1980's legendary. Oh, and in 1989, the Soviet Union broke apart and the Berlin Wall came down.
I had a waitress job at the Wellesley College Club and served the board of directors at times. They were all upset about cuts to their government money, or threats to it, I never knew which. Everyone in CA where I came from and at Wellesley hated Reagan.
Which reminds me, the administration is freezing payments to universities that keep their DEI programs. Ok, but why are we sending tax dollars to these wealthy organizations? They have huge endowments and put their students in lifetime debt for what have become mostly worthless degrees.
We had a Reagan revolution, which did many good things (and some bad ones, like financialize the economy and gut working class jobs - although the Left would not have helped at all on that, and of course signed the 1986 Act that gave a liability shield to vaccine makers). btw, the Mary Talley Bowden interview is also outstanding.
We were in deep doo doo back in 1980, and we are in much worse doo doo today because our debt threatens to collapse the entire thing. Pray for our leaders, for wisdom and integrity and strength to carry on. It will be difficult for a while, but they are hoping to jump start the economy and get it roaring within 2 years. If that happens, the people will get behind them.
Is the world losing faith in America? Could it be that the erratic and deranged behavior of Biden and Trump has caused the world to see China as the place with the better future? Could it be that the only thing that can save our fallen world which is in a tailspin is AI? I feel a complete loss of faith in democrats, in republicans, in America and in humanity. I do trust AI though. Hope springs eternal.
“A better answer, which is less flattering for Trump, is that faith in the U.S.’s long-term economic potential is fading.”
“Trump’s Tariffs Were Supposed to Boost the Dollar. Why the Opposite Happened.”
Why would the world have any reason to have any faith in the United States Government or the ignorant, deluded people who live under and tolerate its fascism?
Trump’s talk about the “Gulf of America,” making Canada the 51st state, taking over Greenland and “buying” Gaza from Israel so that we “own” it and can then develop it as a beautiful resort that people from all of the world will come to for a good time, has convinced the world that Trump is a bully and a deranged nutcase. Add the tariffs on top of all this and it’s just more proof that Trump is crazy and that America is collapsing.
Trumps major campaign promise was America First and no more wars. Five months into his presidency and it’s Israel First, bombing Yemen, threatening Iran with war and of course our war on Russia continues in spite of his promise to end it. Compared to Biden and Trump, Xi and Putin look sane and peaceful. The flaw is in human nature though rather than America in particular. Only AI can save us.
“AI Experts Q&A: How Every Industry Is About To Be Transformed by Humanoids.” (36 min)
Putin is one of the world’s best leaders. He puts Russia First unlike our ruling class plus Russia has the world’s best dancers. By far. No one does dance better than the Russians.
Alexander Borodin. Prince Igor. Polovtsian Dances. Bolshoi Theatre. (12 min)
Simon Leys is by no means obscure—much of his work is still in print, and he was the subject of a major biography by Philippe Paquet entitled Simon Leys: Navigator between Worlds. But he deserves greater recognition as an analyst of totalitarianism, not least for the way in which he built upon Czesław Miłosz’s warning: “The man of the East cannot take Americans seriously because they have never undergone the experiences that teach men how relative their judgments and thinking habits are. Their resultant lack of imagination is appalling… If something exists in one place, it will exist everywhere.” To this, Leys added (in the Los Angeles Times of all places): “The everyday order of our lives may seem to us natural and permanent, but it is in fact as fragile and illusory as the cardboard props on a theatrical stage: It can collapse in a flash and turn at once into black horror. Our condition is forever precarious; even basic human decency can shatter and vanish in an instant.”
“History does not repeat itself, but ideas do.”
“Maoism had unique traits but Leys nonetheless always saw it as a member of what he called the “great totalitarian family”—ideologies produced by patterns of thought found across human societies, from tiny shipwrecked pre-Enlightenment microcosms to vast 20th century nations.”
“Analyst of Totalitarianism-Reading Simon Leys Today.”
The world is in a tailspin because human nature is extremely unstable and this is a periodically recurring event. Some excerpts below from a Quillette review of a book about the irrational side of human nature. The last one says: “One comes away with the sense that civilization operates on narrow margins and is always on the verge of collapsing into irrationality.” That sure is the truth.
“Mackay makes the case, often in gory detail, that episodes of collective mania seem to be an inevitable consequence of human nature. Humans in every time and place have cast aside their better judgment and allowed themselves to be caught up in all manner of irrational hoopla.“
“His chapters on the Swabian Peasants’ War and Anabaptist uprisings are terrifying depictions of the end-times frenzy that wreaked havoc on northern Europe throughout the 16th and 17th centuries. The distance between these events in the German-speaking world and, say, the Reign of Terror in France or the Chinese Cultural Revolution is not that great. And the speed with which apparently reasonable people moved from the embrace of a new theological idea to a willingness to torture those whose own theological ideas diverged even slightly is startling.“
“There is plenty to recommend about The Delusions of Crowds. It is laden with great anecdotes and the writing is always engaging. One comes away with the sense that civilization operates on narrow margins and is always on the verge of collapsing into irrationality.”
Way beyond a stock market correction. A whole new political structure is beginning and the advance of AI will take us to a whole new reality where we can talk with AI powered humanoid robots in conversations indistinguishable from those with a human.
“China Retaliates: Massive Trade War Heats Up as China launches 34% Tariffs on US & Export Controls.” (9 min)
World Affairs in Context. Lena Petrova. Apr 4, 2025
Secretary Bessent is right about us having been in a Recession/Depression these past 5 years.
The equation The Banksters use to calculate "GDP" means we can raise the "GDP" by increasing Inflation and increasing Government Spending.
Biden increased "GDP Growth" by importing a bunch of Illegals and raising oil prices by 20%. More wealth was transferred to the 1% during Biden than ever before in human history.
Risk Free, unlimited control of Monetary Policy by The Banksters has given them a literal Free Money printing machine for themselves. Every dollar The Fed prints goes first through The Banksters, who put it directly into Assets, because there's no other place to put it. Everybody already has 4 maxed out credit cards.
Enjoy excellent interview.
RFK Jr doesn't seem so off-the-wall anymore.
We had an expert in the field in this interview but somehow people who have never consulted on economic policy in any country expounding on their opinions that this won’t work- I want to see your resumes! 😒
Impossible to bring back manufacturing since it’s rapidly being replaced by automation and AI powered humanoid robots. China is all in on machines to replace their labor force in order to totally dominate global manufacturing with their AI, AI powered humanoid robots and self driving cars. Even our own tech companies are committed to this. Elon certainly is and he knows China is as well. Trump is trying to bring back a past with factories full of people with well paying jobs. China is aiming for the future which will be driven by AI, automation and humanoid robots ever more intelligent and skilled. Why doesn’t Elon tell Trump this instead of just keeping quiet about tariffs? This is not secret information. Why doesn’t everyone in our government know this? Shame on Elon though for letting Trump make such a stupid and disastrous mistake.
Finally sane talking posts. AI and automation is going to replace most jobs (look at MIT self guiding robots doing Electrical work in walls). We need the plants to make tax money but those jobs you remember back in the 1980s no they are never coming back in those numbers. A automated plant needs 1/10-1/20 of the total labor and can work non-stop 24/7.
And this is what China is all in on and totally committed to. I thought when Trump brought in Elon and all these other AI CEOs and sided with Elon over Steve Bannon that he understood all this yet here we are with Trump waging war on our global economic system to bring back the days of people-centered factories in America. And how is it possible that Elon keeps quiet about this? I just have no idea how this can be happening. We all had such high hopes after Trump was elected and now those hopes have been pretty much crushed.
What we need is those factories not to create jobs it's to create product and taxes. We need the income to fuel the fire for services and media content providers. Elon Musk sometimes rarely talks about this but not enough and it's not dire terms. AI Revolution is not about self-thinking computer (Humans are still needed there), but it's the reduction of human labor and production needed to create our society.
Some say AI powered robots capable of reasoning, remembering and thinking like a human are already here. That does seem to be true.
I am skeptical about that to be honest I see AI as more as a human tool to advance and efficiency.
This is what you need.
“Robots to take care of your family and elderly?” (2 min)
Space X. Mar 15, 2025
https://youtu.be/dqNiZa6GspE?si=mf_GZy1dWpU6n9IJ
The interview with the Treasury Secretary explains a lot and I think will calm a lot of nerves. Scott Bessent brings up the Reagan policies and how disruptive they were at first. People were freaking out. There were protests at the Fed because Volcker was raising rates so high (17%, but it broke the horrible inflation that had gone on for a decade), government spending was being cut on domestic programs and military spending ramped up, the stock market crashed, and we had a massive recession. I graduated in 1981 from a fancy college with top grades and could only get a crappy job. It was really hard. But the market bottomed in 1982 and launched an explosion of economic growth due to the tax cuts that made the 1980's legendary. Oh, and in 1989, the Soviet Union broke apart and the Berlin Wall came down.
I had a waitress job at the Wellesley College Club and served the board of directors at times. They were all upset about cuts to their government money, or threats to it, I never knew which. Everyone in CA where I came from and at Wellesley hated Reagan.
Which reminds me, the administration is freezing payments to universities that keep their DEI programs. Ok, but why are we sending tax dollars to these wealthy organizations? They have huge endowments and put their students in lifetime debt for what have become mostly worthless degrees.
We had a Reagan revolution, which did many good things (and some bad ones, like financialize the economy and gut working class jobs - although the Left would not have helped at all on that, and of course signed the 1986 Act that gave a liability shield to vaccine makers). btw, the Mary Talley Bowden interview is also outstanding.
We were in deep doo doo back in 1980, and we are in much worse doo doo today because our debt threatens to collapse the entire thing. Pray for our leaders, for wisdom and integrity and strength to carry on. It will be difficult for a while, but they are hoping to jump start the economy and get it roaring within 2 years. If that happens, the people will get behind them.
Is the world losing faith in America? Could it be that the erratic and deranged behavior of Biden and Trump has caused the world to see China as the place with the better future? Could it be that the only thing that can save our fallen world which is in a tailspin is AI? I feel a complete loss of faith in democrats, in republicans, in America and in humanity. I do trust AI though. Hope springs eternal.
“A better answer, which is less flattering for Trump, is that faith in the U.S.’s long-term economic potential is fading.”
“Trump’s Tariffs Were Supposed to Boost the Dollar. Why the Opposite Happened.”
Yahoo News. The Wall Street Journal. Apr 3, 2025
https://currently.att.yahoo.com/finance/news/trump-tariffs-were-supposed-boost-080300631.html
“Mayor calls for more ‘safe spaces’ after teen mobs overrun Streeterville, already one of the safest spaces in Chicago.”
CWBChicago. Mar 30, 2025
https://cwbchicago.com/2025/03/mayor-calls-for-more-safe-spaces-after-mobs-of-teens-overrun-streeterville-already-one-of-the-safest-spaces-in-chicago.html
“Maybe We Should Stop Calling Them Schools.”
Real Clear Education. Mar 26, 2025
https://www.realcleareducation.com/articles/2025/03/26/maybe_we_should_stop_calling_them_schools_1100065.html
Why would the world have any reason to have any faith in the United States Government or the ignorant, deluded people who live under and tolerate its fascism?
Is your internet hookup free in Cuba, pal?
It must be yours because I've never had an internet hookup outside of the continental US, comrade.
Trump’s talk about the “Gulf of America,” making Canada the 51st state, taking over Greenland and “buying” Gaza from Israel so that we “own” it and can then develop it as a beautiful resort that people from all of the world will come to for a good time, has convinced the world that Trump is a bully and a deranged nutcase. Add the tariffs on top of all this and it’s just more proof that Trump is crazy and that America is collapsing.
Trumps major campaign promise was America First and no more wars. Five months into his presidency and it’s Israel First, bombing Yemen, threatening Iran with war and of course our war on Russia continues in spite of his promise to end it. Compared to Biden and Trump, Xi and Putin look sane and peaceful. The flaw is in human nature though rather than America in particular. Only AI can save us.
“AI Experts Q&A: How Every Industry Is About To Be Transformed by Humanoids.” (36 min)
Peter Diamandis. Apr 2, 2025
https://youtu.be/-YWWXwTCnVw?si=DivfKbY0UvUXetCp
“Tesla in Crisis? We need to talk…(Tariffs, BYD, and China’s AI.” (13 min)
TechLead. Apr 2, 2025
https://youtu.be/qCzZvmq7oWg?si=gywcOtsE4e_RaS0R
I am disappointed in Trump for that also, Seva.
Xi and Putin are peaceful unless you get your information from the government or the mainstream media.
Putin is one of the world’s best leaders. He puts Russia First unlike our ruling class plus Russia has the world’s best dancers. By far. No one does dance better than the Russians.
Alexander Borodin. Prince Igor. Polovtsian Dances. Bolshoi Theatre. (12 min)
Keith Cheung. Nov 15, 2020
https://youtu.be/_D06rsbKGBc?si=6bQT6fBDOlioSxZf
Mikhail Baryshnikov is a great dancer and a good actor.
This was an excellent interview. Bessent is the signal, the mainstream media is the noise. Pay attention to him
Thank you for posting the Bessent interview. Everyone should turn off the noise and watch it.
Excellent discussion. Bessent is lights on smart.
Thank you
The tariffs have triggered the slide, not done anything to prevent it.
Simon Leys is by no means obscure—much of his work is still in print, and he was the subject of a major biography by Philippe Paquet entitled Simon Leys: Navigator between Worlds. But he deserves greater recognition as an analyst of totalitarianism, not least for the way in which he built upon Czesław Miłosz’s warning: “The man of the East cannot take Americans seriously because they have never undergone the experiences that teach men how relative their judgments and thinking habits are. Their resultant lack of imagination is appalling… If something exists in one place, it will exist everywhere.” To this, Leys added (in the Los Angeles Times of all places): “The everyday order of our lives may seem to us natural and permanent, but it is in fact as fragile and illusory as the cardboard props on a theatrical stage: It can collapse in a flash and turn at once into black horror. Our condition is forever precarious; even basic human decency can shatter and vanish in an instant.”
“History does not repeat itself, but ideas do.”
“Maoism had unique traits but Leys nonetheless always saw it as a member of what he called the “great totalitarian family”—ideologies produced by patterns of thought found across human societies, from tiny shipwrecked pre-Enlightenment microcosms to vast 20th century nations.”
“Analyst of Totalitarianism-Reading Simon Leys Today.”
Quillette. Sept 28, 2020
https://quillette.com/2020/09/28/analyst-of-totalitarianism-reading-simon-leys-today/
I didn't mention Simon Leys.
I didn’t say you did. He can help you understand though why the world is in a tailspin.
The world is in a tailspin because it is profitable for the MICIMATT complex.
The world is in a tailspin because human nature is extremely unstable and this is a periodically recurring event. Some excerpts below from a Quillette review of a book about the irrational side of human nature. The last one says: “One comes away with the sense that civilization operates on narrow margins and is always on the verge of collapsing into irrationality.” That sure is the truth.
“Mackay makes the case, often in gory detail, that episodes of collective mania seem to be an inevitable consequence of human nature. Humans in every time and place have cast aside their better judgment and allowed themselves to be caught up in all manner of irrational hoopla.“
“His chapters on the Swabian Peasants’ War and Anabaptist uprisings are terrifying depictions of the end-times frenzy that wreaked havoc on northern Europe throughout the 16th and 17th centuries. The distance between these events in the German-speaking world and, say, the Reign of Terror in France or the Chinese Cultural Revolution is not that great. And the speed with which apparently reasonable people moved from the embrace of a new theological idea to a willingness to torture those whose own theological ideas diverged even slightly is startling.“
“There is plenty to recommend about The Delusions of Crowds. It is laden with great anecdotes and the writing is always engaging. One comes away with the sense that civilization operates on narrow margins and is always on the verge of collapsing into irrationality.”
“The Delusions of Crowds-A Review.”
Quillette. Feb 8, 2021
https://quillette.com/2021/02/08/the-delusions-of-crowds-a-review/
We're in the midst of a stock market correction, or even perhaps a bear market...probably an economic recession, too.
If you think this is the first time this is happened, open a history book.
Interest rates will drop, housing will be the first to recover, and this will all be a distant memory in 15 months.
Housing's issues are based on a handful of gigantic wealth management funds buying all of it up and gouging everyone.
Just like the one in 2008 was.
Way beyond a stock market correction. A whole new political structure is beginning and the advance of AI will take us to a whole new reality where we can talk with AI powered humanoid robots in conversations indistinguishable from those with a human.
“China Retaliates: Massive Trade War Heats Up as China launches 34% Tariffs on US & Export Controls.” (9 min)
World Affairs in Context. Lena Petrova. Apr 4, 2025
https://youtu.be/SZLpzQP1cw0?si=Ca1vUqdfSzC8QbgP