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RE: Stocks Are Falling - I Am Afraid This Crash Will Be Devastating - Too Many Back Swans
The problem the USA is facing now is partly the history by building up depts. By not only the people but also the government. The other problem is the president. He created his empire with the idea that if somebody (he) wins business wise, another has to loose!
The marshal pact, which was offered by the States to Europe had a win-win idea. Europe could rebuild their economie and the states would profit cause the people in Europe could buy more USA goods.
Now with the business war against China, both parties are trying to protect their economy by making the economy of the villain suffer. This not a win-win war but a win-loose philosophy!
Exactly, a win-lose philosophy, but a lose-lose result for the world population. However I don't think that Trump is the reason. I think the underlying reasons that is build up over decennia and went out of he hand in the last ten year are way more important. I think this created an unavoidable outcome that no single president can resolve.
I think we can agree on that!