Progressive Commentary Hour The Progressive Commentary Hour 2.18.25
12 snips
Feb 19, 2025 Dr. Jack Rasmus, a political economics professor and author, offers a compelling analysis of Trump's economic strategies, revealing how they could destabilize the U.S. amidst rising global powers. He discusses the repercussions of the trade war with China and the national debt, emphasizing the need for fiscal restructuring. Rasmus also highlights the unsettling influence of billionaires on democracy and the worrying rise of legal troubles for government officials. Lastly, he examines the BRICS nations' growing economic clout and the possible decline of U.S. dominance.
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BRICS Expansion
- Gary Nall mentions the BRICS nations' expansion as a counter to US economic dominance.
- BRICS has rapidly grown, with many countries seeking its benefits over traditional US alignment.
Trump's Trade Wars
- Trump's weaponization of finance and trade, including tariff threats, is causing global trade wars.
- His actions aim to enrich the US but may ultimately depreciate the dollar.
Shifting Economic Landscape
- China's GDP has surpassed the US's for the first time, reaching $31.6 trillion compared to $29.4 trillion.
- Despite prior narratives, Russia's economy is also growing, surpassing $6.9 trillion.
