The Glenn Beck Program The Dirty Truth About 'Tax Cuts' that Congress Hides from You | 4/15/25
Apr 15, 2025
China's halt on rare-earth mineral exports poses a serious challenge for the U.S., highlighting a pressing need for domestic mining. Celebrities in space? Humorously critiqued as a misguided spectacle. Congress's so-called tax cuts are scrutinized as mere distractions from real fiscal issues. The historical ties of Ivy League schools to antisemitism are unsettling and call for a reevaluation of funding. The need for fiscal responsibility amidst rising inflation and tariff impacts is emphasized, advocating for meaningful changes in government spending.
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Nixon Shock's Lasting Economic Impact
- The Nixon shock of 1971 ended the gold standard, unleashing inflation and economic inequality that persist today.
- The middle class share of income shrank; wages stagnated despite rising productivity, and manufacturing declined drastically.
US Rare Earth Dependency Danger
- China's halt on rare earth mineral exports threatens US tech and defense industries.
- The US has the resources but lacks refining capacity, risking loss in critical technological races.
Manufacturers Hold Back Orders
- Manufacturers hesitate to stockpile due to tariff uncertainties and high prices.
- Businesses wait for tariff relief to avoid stocking expensive inventory that might depreciate.