Pity the USA bottom feeders being squeezed so harshly till their last drop of juice to fund the war in Ukraine and Middle East as well. How is that for the American Dream being played out? More like a nightmare on Kensington Street, with all the zombies walking around.
Trump is doing a good job turning the USA into a third world country. Now he is taking the USA into another war at its doorstep by attacking Venezuela, while also gloating about another confrontation with the Taliban in Afghanistan over Bagram base. Taliban farmers no longer depend solely on just small arms as in the past. They now have built up semblance of an army using the weapons abandoned by the USA when it left with tails between its legs in August 2021. Sure, those abandoned weapons still cannot compare to what the USA has on its hands, but outside of weapons, human tenacity is also a factor in victory or defeat as proven earlier. The Vietnamese were much weaker in terms of military hardware, but their tenacity overcame the disadvantage in weapons. Same as in Afghanistan when the Taliban were fighting the USA for twenty long years, just depending on small arms.
Anonymous
1 comment:
The USA is still touting that USA consumers are now spending more in July and August and the economy must be said to be still solid. Wow! Does that take into account of the fact that consumers are paying more for everything due to price increases arising from the tariffs? By the way, those are said to be 'unrevised' figures, the same as the job creation figures. Figure it out about their reliability.
There was a reported US$31 billion collected in tariffs in August and US$27 billion in July. Since January, the total collected from tariffs was US$122 billion. These are obviously part of the increase in consumer spending as a result of paying more, not that they are buying more.
Now looking at consumer spending in the USA, the first quarter of 2025 saw a total spending of 16,345.80 US$ billion, and the second quarter saw the spending rise to 16,445.70 US$ billion, an increase of about US$100 billion for the two quarters. The tariff collection was US$122 billion for the two quarters, which means consumer spending in reality actually decline by US$22 billion for the two quarters, without taking in the US$122 billion price increases due to the tariffs and added to the things being bought.
If you do not dig deeper, you only hear about a rosy picture emerging, which is realistically a mirage conjured up by the propaganda machine. The biggest giveaway about how resolute they are trying to misinform is seen in the job creation ballon, that lost all the air further down the road. But nobody seems to be paying much attention, just swallowing the lies as they are being trotted out. Stupidity has no cure.
Post a Comment