Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
Trump admin tells Americans: Stop expecting cheap products, inflation is here to stay
18 minutes Posted Mar 31, 2025 at 12:00 am.
Inflation is coming back
US Treasury Secretary Scott Bessent
Billionaires
(CLIP) Bessent: no more cheap goods
Stagnant real wages
How China exported deflation
Myth of the "American Dream"
End of income mobility in USA
US life expectancy falls
Trump's billionaire-filled administration
Inflation rises
Richest 10% drive US economy
Corruption
Scapegoating
Recession risks
Housing is unaffordable
Elon Musk
Blackstone
Fake populism
Outro
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18:12
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Show notes
US Treasury Secretary Scott Bessent, a billionaire hedge fund manager who worked for George Soros, insists, “Access to cheap goods is not the essence of the American dream”. The Donald Trump administration knows its tariffs will result in higher inflation. Products will become more expensive as the US tries to economically decouple from China. Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=8DOCZjS_MVc
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