Peter St Onge Podcast Ep 102 Weekly Roundup: The Economic Mess they're Handing Trump
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Jan 6, 2025 The podcast tackles a host of pressing economic issues, highlighting discrepancies in employment data and rising unemployment claims. There's a focus on the alarming rise in organized crime and societal unrest linked to government spending mismanagement. Listeners learn about shifting political sentiments favoring smaller government and financial independence. The discussion also touches on the revolutionary potential of the internet, likening it to the Gutenberg printing press and heralding a new era of free expression and liberty.
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Hidden Economic Data
- The Biden administration concealed negative economic data, now revealed after the election.
- This includes significant job losses and declining economic indicators contrasting with reported growth.
Potential for Spending Cuts
- Betting markets suggest a higher probability of government spending cuts under Trump's administration.
- This is due to factors like Trump's outsider status and a strong team focused on fixing the country.
Decline of Left-Wing Politics
- The global left-wing political movement is declining due to factors like weak economic growth and immigration.
- This is evident in the political shifts in Europe and the US with the rise of populist movements.