The David McWilliams Podcast The Trump Epoch: Entering a New Supercycle
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Nov 12, 2024 This lively discussion dives into the transformative 'Trump Epoch,' highlighting its effects on America and the globe. It examines the rise of disaffected voices and the implications of Trump's return to power. The conversation also illuminates the shift from Keynesian to neoliberal policies and speculates on the potential impacts of an American debt crisis. Plus, there's a humorous take on political figures appearing on currency and Japan's intriguing investments in U.S. treasuries amidst global financial shifts. The future of America's political landscape is on the table!
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Super Cycles
- David McWilliams views current political and economic shifts through "super cycles."
- These cycles, lasting 3-4 decades, define underlying tones and concerns.
Past Super Cycles
- Post-WWII America saw two super cycles: the Keynesian (big government) and the Friedmanite (small government).
- The Keynesian era, from 1947-1977, prioritized anti-immigration policies and high taxation.
Rumble in the Jungle
- McWilliams links the "Rumble in the Jungle" in Zaire to the 1973 oil crisis.
- Petrodollar influx led to Western investment in commodity-rich countries like Zaire, facilitating the event.
