Stalin
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by 2029, Trump’s inept mix of foreign and domestic policies will confront American workers with a “hell-broth” of powerful economic troubles not seen since the Great Depression of the 1930s. By 2030, Trump’s tariffs will have cut US consumption by a projected 3.5% and, over the longer term, are likely to reduce average wages by 5% and GDP by 6%—a major change for an economy that has long enjoyed steady growth. With AI data centers projected to consume as much as 12% of the nation’s electricity by 2029, and Trump blocking the green energy that’s the only quick fix to meet rising demand, consumers could face an average increase of 20% in their electric bills by 2030 (and a possible 25% rise in states with data centers). While AI might raise living standards over the long-term, its unchecked expansion, as mandated by one of Trump’s executive orders, could contribute to the loss of 300 million full-time jobs globally and negatively impact two-thirds of all employment in the United States.
Worse yet, his demolition of the Biden administration’s attempt at a green energy revolution will have untold consequences for the US economy (not to say for the planet itself). As China, with its low-cost, high-efficiency EVs, conquers the global auto market by 2030 (and the larger green-energy production market as well), it will become the world’s largest economy, with exports surpassing its present record-breaking trillion-dollar mark and its currency increasingly dominant in global trade.
With the US global retreat leaving China and what’s likely to become its satellite state, Russia, dominant on the Eurasian land mass, home to 70% of the world’s population, Washington will be forced to fall even more fully back on the Western Hemisphere (where its welcome is already wearing ever thinner). With its presence certain to shrink across the planet, the dollar’s role as the global reserve currency will, as J.P. Morgan noted in a recent study, certainly “come into question.” With erratic US government policies undermining “the perceived safety and stability of the greenback” and US tariffs causing “investors to lose confidence in American assets,” there are already clear market signs of a global “de-dollarization” that will raise the cost of servicing this country’s national debt and cut into every aspect of the American economy. By 2030, the sum of those changes—compounded by a 20% increase in household electricity prices, soaring healthcare costs, and a “white collar bloodbath” as AI kills off half of all entry-level jobs—will have distinctly begun to reduce the quality of life in this country.
www.commondreams.org
alfred mccoy
en.wikipedia.org
comrade stalin
moscow
Worse yet, his demolition of the Biden administration’s attempt at a green energy revolution will have untold consequences for the US economy (not to say for the planet itself). As China, with its low-cost, high-efficiency EVs, conquers the global auto market by 2030 (and the larger green-energy production market as well), it will become the world’s largest economy, with exports surpassing its present record-breaking trillion-dollar mark and its currency increasingly dominant in global trade.
With the US global retreat leaving China and what’s likely to become its satellite state, Russia, dominant on the Eurasian land mass, home to 70% of the world’s population, Washington will be forced to fall even more fully back on the Western Hemisphere (where its welcome is already wearing ever thinner). With its presence certain to shrink across the planet, the dollar’s role as the global reserve currency will, as J.P. Morgan noted in a recent study, certainly “come into question.” With erratic US government policies undermining “the perceived safety and stability of the greenback” and US tariffs causing “investors to lose confidence in American assets,” there are already clear market signs of a global “de-dollarization” that will raise the cost of servicing this country’s national debt and cut into every aspect of the American economy. By 2030, the sum of those changes—compounded by a 20% increase in household electricity prices, soaring healthcare costs, and a “white collar bloodbath” as AI kills off half of all entry-level jobs—will have distinctly begun to reduce the quality of life in this country.
What Mess Will Trump Have Made of the USA by 2029? | Common Dreams
If he simply persists in his policies for another 37 months, his impact on the American version of a world order will undoubtedly prove so profound that it will strain the limits of language.
www.commondreams.org
alfred mccoy
Alfred W. McCoy - Wikipedia
comrade stalin
moscow
