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Trump admin tells Americans: Stop expecting cheap products, inflation is here to stay
Published 11 months ago
Description
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
Topics
0:00 Inflation is coming back
0:41 US Treasury Secretary Scott Bessent
1:57 Billionaires
2:34 (CLIP) Bessent: no more cheap goods
2:49 Stagnant real wages
3:54 How China exported deflation
6:20 Myth of the "American Dream"
6:55 End of income mobility in USA
8:04 US life expectancy falls
9:13 Trump's billionaire-filled administration
9:39 Inflation rises
10:11 Richest 10% drive US economy
11:07 Corruption
11:35 Scapegoating
12:15 Recession risks
13:39 Housing is unaffordable
15:40 Elon Musk
16:13 Blackstone
17:13 Fake populism
18:00 Outro