Trump wants a crash to benefit the ultra wealthy

can the world economy crash the answer is that yes of course it can we know it can it did in 2008 it had another very good go in 2020 when Co came along so the possibility that the world economy can crash is obviously hardwired within it it is now something that we have to accept is the possibility that the world economy will crash soon a realistic likelihood and my answer to that is yes it almost certainly is the reason why comes down to two words Donald Trump trump has set out to crash the world economy

I really don't think there's much doubt about that he has declared trade war and he has said that he will also impose economic sanctions on countries that refuse to use the dollar for trade he is in other words setting out to undermine The credibility of the world's Reserve currency the Dollar by threatening any country that does not want to use it and he is threatening that any country that wants to take sanction against the us because it is going to impose sanctions on them bya tariffs is going to suffer as a consequence you cannot do

that if you are the world's major economic power and not give rise to the likelihood of an economic crash simple straightforward fact so should we be worried about this well yes of course we should be but what is the consequence going to be and why is Donald Trump not worried about this and the answer to that is that I'm afraid to say that something has also become hardwired into the world economy in 2008 and in 2020 the world was saved with bailout money in 2008 quantitative easing became a feature of economic life before then the

possibility that the government would issue bonds to immediately re purchased them to pretend that it wasn't actually providing direct Finance to itself from its Central Bank to fund its programs to ensure that the economy kept going was unknown but that is what QE did in 2008 and let's be honest despite all the problems it gave rise to and it should not have been done in the way that it was it did keep economies going during that crisis and it did exactly the same again in 20 again I would not have done it as the QE

program was managed and the aftermath of that program the quantitative tightening program now being run by the bank of England is completely disastrous and was in fact the main cause for the crash during Liz truss's short Premiership but the fact is that the government's ability to create money to support a program during an economic crash was proved for the second time in a little over a decade to be fun fundamental to keeping the world economy going so what is Trump doing he's relying on another bailout that I am sure is what underpins his thinking and

that of those who are following him what they know is that those two bailouts structured as they were were incredibly good for their own Financial well-being they probably weren't great for your financial well-being because wages have in effect flatlines since 2008 GDP growth has flatlined since 2008 and since 2020 very large numbers of people have not been able to work who previously did for all sorts of reasons as a consequence of the Fallout from covid and we most certainly have not been seeing growth and we are seeing austerity again so for lots of reasons most

people in the world have suffered since 2008 but Trump and his cohort haven't that coh court is the world's wealthy and they did immensely well out of quantitative easing because the way which it was structured was to provide funds to the city of London to the banking Arrangements of New York and to the bankers of Frankfurt and they use that money to basically inflate the value of the world's Financial assets stock markets have increased in value since 2008 unsurprisingly because lots of money whole walls of money have flooded in their Direction commercial property prices have

increased domestic property prices have increased anything which has no productive value in itself because let's be clear Shares are not actually a productive asset they're a financial asset and most commercial property is not in the sense that I'm talking about a productive asset because it is used for specul ative purposes and the increase in the value of our properties is not productive in the sense that very large numbers of young people are being excluded from home ownership and the security that it provides as a result but there's been no increase therefore in productive investment but

the value of assets used for speculative purposes by the wealthy has gone through the roof and what does Trump expect if he creates another world financial crisis he believes there will be a bailout and he believes that he and his cohort the world's wealthy will benefit from there being vastly more money in circulation with very little to use it on except the inflation in the value of the assets that they own that is what he's banking on this is literally I think his Economic Policy this is what he expects as a consequence of his trade

Wars he doesn't care that we suffer he won't care about the countries in the developing world the vast majority of countries in the world in fact who have their debts denominated in dollars who will suffer enormously as a result of their struggle to find the means to repay those debts as for the time being the dollar is inflated in value and interest rates are too high he won't care that people are thrown out of work all he cares about is the inflation in asset values and that is what the whole of the world economy is

now geared to create for the benefit of a few at cost to the vast majority Trump's Economic Policy makes sense if you see it in this way he runs a bailout economic strategy that is going to work for him and his friends because it will result when the world economy crashes in yet more money being made available through the central banking system to inflate the value of the assets that they own and they'll say thank you very much we did very nicely out of that when can we have another crash thanks for watching this video

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