Gold Goats 'n Guns Podcast Episode #228 -- Peter St. Onge and the Numbers Behind America's Critical Shift
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Aug 22, 2025 Peter St. Onge, an economist and financial commentator, dives deep into the shifting landscape of U.S. economic policy. He discusses the strategic implications of tariffs under the Trump administration and critiques free trade narratives. The conversation explores the Federal Reserve's role under Jerome Powell and the influence of political factors on fiscal policies. St. Onge also emphasizes the need for skilled labor to revitalize the economy amidst growing national debt and the importance of protecting personal wealth in a changing political climate.
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Tariffs As Leverage, Not Just Protection
- Tariffs give the U.S. leverage because America is a quarter of the global economy and buyers need access to its market.
- Countries are effectively paying for access via tariffs and investment commitments to the U.S.
Tariff Deals Attract Trillions In Investment
- Side deals on tariffs are funneling large-scale foreign investment into U.S. projects like energy and manufacturing.
- That capital could rival a large portion of annual U.S. investment and materially shift domestic industry.
Sovereign Wealth Fund: Opportunity And Risk
- Creating a U.S. sovereign wealth fund from tariff-linked investments risks politicization and corruption over time.
- Such a fund could become a slush fund under future administrations if not carefully structured.