President Trump, You Can Make America's Economy Great Again. Here's How
I have just uploaded a Macro Watch video in the form of a presentation to President-elect Trump. I believe it is the most important video I have ever made. Here's how it begins:
You CAN make America's economy great again. Here's how:
INVEST, Mr. President - not only in infrastructure but also in the industries and technologies of the future.
You have been elected President at a unique moment in history that gives the government of the United States the ability to borrow and invest in the US economy on a scale not only large enough to rebuild America's infrastructure, but large enough to also induce a new technologic revolution that would restructure the entire economy and make it great again, greater than ever!
If you grasp this opportunity, the United States will have unassailable supremacy in the industries of the future; you will lock in another American Century; and you will improve the well being of every American - and the well being of every person on this planet.
However, you have also been elected at a time when the global economy is in grave danger of collapsing into a depression, one from which it might not recover for decades - if ever. One misstep on your part and instead of making the economy great again, you will make the Great Depression again.
Here's what you need to know and to act on to succeed.
The global economy is an enormous economic bubble that has been inflated by Credit. If the Credit contracts, the bubble will pop and the New Great Depression will begin. If interest rates go up significantly, the bubble will pop and the New Great Depression will begin. One wrong move on your part and the economy will spiral out of control into a depression. It won't be short and sharp like 1921. It will be long and devastating like 1929 to 1945. That's the bad news.
Here's the good news. You are absolutely right to call for government investment in infrastructure. DON'T STOP THERE. During your administration, the government can borrow and invest trillions of dollars in the US economy without causing inflation. The combination of Globalization and Fiat Money makes this possible.
You not only have the opportunity to rebuild American infrastructure so that it is second to none as you promised to do in your victory speech. You also have the opportunity to invest in 21st century industries and technologies on a scale that is too big to fail, thereby guaranteeing that the United States remains the most prosperous and powerful country in the world for many decades to come.
In the past, the government could not run large budget deficits without causing high rates of destabilizing inflation. Today, the United States government can borrow and invest many trillions of dollars at little to no cost - and do so without causing inflation.
In this presentation, I'll explain why. I'll also describe the kind of government investment that is required to pull the United States and the world out of this economic crisis - and the extraordinary benefits that such investments would produce.
The stars are aligned. You instinctively understand the desperate need to invest in American infrastructure even if that means increasing the national debt AND you have the political clout to make sure that Congress funds this investment, something it was unwilling to do until now. At the same time, the combination of Globalization and fiat money makes it possible for the US government to borrow and invest trillions of dollars at little or even no cost whatsoever. Now that you have shattered the taboos that blocked fiscal stimulus and an increase in the national debt, all that remains to do is to determine is what kind of investments will generate the greatest benefits - and then to make those investments.
This is a once in history opportunity, Mr. President. Grasp it. INVEST. And make America's economy greater than ever.
To subscribe to Macro Watch, click on the following link:
For a 50% subscription discount hit the "Sign Up Now" tab and, when prompted, use the coupon code: richdad
You will find more than 30 hours of Macro Watch videos available to watch immediately. A new video will be added approximately every two weeks.