Economist and Wall Street whistleblower Nomi Prins weighs in on interest rates, trade policies, asset bubbles and how Central Banks distort the real economy.
I always have time to hear what Nomi has to say; her knowledge of the financial sector is profound and she communicates it clearly to lay people such as myself. A very educational interview!
The negative impact of tariffs on consumers can be gradually abated by the restoration of localized production of imported good and the consequential decline in discretionary purchases of imported products. There exists a small risk of recession until domestic production meets demand.
The reason why Econ 101 claimed tariffs dont work, is because economists claimed American companies would increase prices when cheaper products from China also have increased prices. The problem with this view, is it doesnt take into account the maximum price consumers are willing to pay. So if chinese product prices increase, American companies could theoretically increase prices, but inflation is at a point where people would just stop buying the products. Then the price doesnt inflate when people dont buy. So my perspective is Econ 101 is wrong. I base my view on what ive witnessed with existing tariffs. Americans need to understand, that Europe and Asia have both had extremely high tariffs for a very long time, and they havent experienced hyper inflation. Its actually the opposite. Europe has maintained its wealth by selling cars and other products to America, while preventing America from selling cars or other products to their countries. So i agree with Trump, and I also agree with Bernie. Both Trump and Bernie both agreed on tariffs. The republican party has basically adopted Bernie Sanders' foreign trade policy. Both focus on building American blue collar working class jobs. This is a progressive pro union view. American steel unions support American steel, not Chinese steel.
Solid video Nomi is a great guest.
I always have time to hear what Nomi has to say; her knowledge of the financial sector is profound and she communicates it clearly to lay people such as myself. A very educational interview!
Great interview ❤️❤️
The negative impact of tariffs on consumers can be gradually abated by the restoration of localized production of imported good and the consequential decline in discretionary purchases of imported products. There exists a small risk of recession until domestic production meets demand.
TYT,
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& mind-control tool.
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has 3 to 5 years to live w/o
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approved, cheaply produced by
large chemical companies, &
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world. There will likely
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so there's going 2B 'bird-kill'.
This disclosure &/or fundraiser
for my non-profit (& host) will
likely break your internet if you
don't upgrade your bandwidth
before t/show.
I also have t/chem-trail results
showing t/bots are in rainwater.
It's in beef, dairy, deer, squirrels,
you, me, & we're not going to
get rid of it until there's a
bot-killing-bot.
Please call me J.P.
as soon as possible at;
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~5pm PT Jan 20th.
I would highly encourage to read Broken Money.
Great info! Great conversation! Real news, real talk. Thanks Ana!
The reason why Econ 101 claimed tariffs dont work, is because economists claimed American companies would increase prices when cheaper products from China also have increased prices. The problem with this view, is it doesnt take into account the maximum price consumers are willing to pay. So if chinese product prices increase, American companies could theoretically increase prices, but inflation is at a point where people would just stop buying the products. Then the price doesnt inflate when people dont buy. So my perspective is Econ 101 is wrong. I base my view on what ive witnessed with existing tariffs. Americans need to understand, that Europe and Asia have both had extremely high tariffs for a very long time, and they havent experienced hyper inflation. Its actually the opposite. Europe has maintained its wealth by selling cars and other products to America, while preventing America from selling cars or other products to their countries. So i agree with Trump, and I also agree with Bernie. Both Trump and Bernie both agreed on tariffs. The republican party has basically adopted Bernie Sanders' foreign trade policy. Both focus on building American blue collar working class jobs. This is a progressive pro union view. American steel unions support American steel, not Chinese steel.