Economist and Professor Richard Wolff joins the program to discuss the geopolitical implications of America's looming recession: What does DOGE, tariffs, and foreign policy have to do with it? This must-watch stream informs you on the forces pushing the US empire to the brink of economic collapse.
Richard Wolff: The END of the US Empire, Trump’s Denial & the Rise of BRICS
Richard Wolff: The US Empire is COLLAPSING, Trump's Tariffs BACKFIRE, DOGE Debunked as BRICS Rises
Check out Prof. Wolff's work: https://www.democracyatwork.info/
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I can't help this feeling of deep affection for the people of Yemen. Poorest country in the middle east. And the only one who is resisting Netanyahu's genocide. Bravo Yemen.
Wet dreams... Been hearing this for 50 years. Be that as it may. If it's time, it's time but I'm not holding my breath anymore. Just going to live every moment fully in the present until my inevitable demise. Aloha!
America will never be great again while zio infiltrators are calling the shots!
"A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself."
-Marcus Tullius Cicero
Man who bankrupts four casinos makes economic policy. That’s a good track record. The last guy who should ever get the keys to the safe, so naturally he has access to the U.S. Treasury. Sure this will turnout just swell
Mr Wolfe forgets America made it's fortune supplying the UK and Europe on a lend lease scheme during ww2 while still supplying Herr Hitlers regime until Pearl Harbour.
If you want to see what a failed Empire looks likes just look at Britain, mass immigration to spread the debt to borrow more whilst paying out ever more on benefits on people that have been imported to work to keep the country looking prosperous whilst every year the gdp per capital keeps falling! Rather than addressing the problems and adjusting the economy, industries and the method of its functioning they believe they can just keep importing people. Here in the UK with such a small land mass we are at 65 million officially but others estimate it up to about 80 million plus. The UK the population before WWII was 46 million and 15 million of the 65 million today are immigrants, how many people of differing cultures and educational status can you push into one country to look prosperous before it fall apart. I guess with the UK especially, its a matter of 5 to 15 years before the world finds out.
Imposing tariff on Venezuela's trading partners to control the flow of international trade; Can the US control international trade; the US is like the UK in 1960's, a declining superpower.
i like how he talks, he talks like you dont know about the subject and to be fair i only know what i was told without much explanation and he does explain things, i like that.
"America is Done" to that I would say, if it is true, GOOD! Because to date, it only exists as a neo colony of Europe and not a sovereign, independent country.
Tariffs are erected to protect local high-overhead industries from unfair foreign competition and this also protects local jobs. Australia prospered this way from 1948 to the incremental reductions of the 1980s and 1990s, forced by PMs Hawke, Keating, and Howard at the behest of the US and UN's WB, WTO, and IMF. This caused Australia to go from from egalitarian prosperity, the highest in the world, to 60% unemployment or underemployment, widespread poverty, and 10% homeless. Trump is simply an avaricious bully pushing global domination, which sets him against the world population, it infuriates the Zionist globalists who backed him.
One of the USA's best journalists talks to one of the USA's best economists/philosophers. Great work gentlemen. Thank you. Yet Trump must cut military and massive hidden black funds.
"See the blind man
Shooting at the world
Bullets flying
Taking toll
If you've been bad
Lord I bet you have
And you've not been hit
By flying lead,
You better close you eyes
You better bow your head
Wait for the ricochet."
"Child In Time" by Deep Purple
Fascinating listening to the wisdom of the professor. I'd be inclined to agree with his closing optimism, maybe Trump's de-icing of relations with Russia is helping to fuel that hope.
It's wrong headed of me but as a life long lower wage worker I've resented the privileged tier occupied by Federal Workers... So damn safe from the hurt all the rest of labor goes through. Recession? They'll be alright. Sick leave? Vacation? Retirement? They don't have to worry. For this reason I get a wrong headed kick out of thinking of them finding out what most of us already live under in the dictatorship of the workplace. Sure I know it's not good to destroy our federal social services, but it was only a matter of time anyway. Like the destruction of most of the rest of the stop gap anomaly of The New Deal. Behold the triumph of unfettered capitalism.
Tesla was not "first". Musk wasn't even "first" within Tesla, he acquired it. Tesla was not better and certainly not cheaper than their contemporaries.
These people from other countries can come legally and be vetted properly. First you better decide if you can handle them and how they are going to get housing, work and medical. Don't just let people cross willy-nilly across the border. That is insane.
Tariffs to Venezuela reminds me the Padrino scene when Vito Corleone scape from the town and the Mafia promise a Vendetta against those helping him, USA exporting racism and hate
Now is the right moment. BRICS should setup a Multipolar Trade platform, where all global south countries can publish their available products for business trades, plus another financial platform for publishing all members currency available for currency swapping to facilitate for buying payment to respective selling countries. Ex. Russia selling oil want payment in Rubles, than India does not have Rubles than look into the publish Rubles currency in the platform, than swap the Rupees with China which has Rubles. When China has Rupees it can use the Rupees to buy products from India and pay in Rupees. So, all these currency can be swap evenly for business trades and private transfers. With AI as the digital platform to facilitate easy transactions.
Is never over until trump and Musk are out of the office and in jail. Ordinary citizens, go to jail even for a small theft, fight, spouse fights etc. Atrocious acts of these two and their cronies still in power and calling shots.
US motto in 2025 with Trump. "To hell with it. Our country is going down...and before that happens, we will make sure that we take the rest of the world down with us, friends and foes alike without mercy".
There is growing concern in Canada that if U.S. tariffs force Canadian companies to absorb additional costs, they will lose competitiveness against American firms. This scenario creates a twofold advantage for the U.S.: first, by collecting significant tariff revenue on Canadian imports; and second, by incentivizing companies to relocate production to the U.S.—thereby increasing domestic manufacturing and tax revenue. Meanwhile, Canadian firms risk reduced competitiveness, which could lead to job losses and higher unemployment at home.
Given that Canada's GDP is roughly one-twentieth that of the United States, any negative impact on trade will have a far greater proportional effect on Canada’s economy. If Canadian companies are forced to absorb tariff costs and lose competitiveness against their American counterparts, the slowdown in trade will weigh more heavily on Canada's overall GDP. This vulnerability means that while the U.S. may offset tariff impacts through its vast, diversified economy and the ability to collect tariff revenue and domestic taxes, Canada will likely experience a more pronounced economic slowdown and higher unemployment as a result of these trade disruptions.
The US empire is based on the Eurodollar. All countries need dollars. The US doesn't need Euro's or Yuan or Peso's. The tariffs will lower foreign access to dollars. This will damage exchange rates and cause more inflation in other countries compared with the US. Trump is using power to drive companies to make more in the US. Almost 4 trillion in new investment already. These companies are multinational. So the tariffs aren't raising prices, they are changed where jobs are located. The exchange rate dynamics favor the US. Tariffs favor the US by forcing companies to manufacture in the world's largest market. Unless you understand those 2 dynamics, you don't understand tariffs.
I have a question for Prof Wolff: sure we have the same number of government employees now as 60 years ago. What about the number of previously government services that's been privatized since and are now delivered by private employees of orivate companies? You know, apples to apples
Nice to see that Professor Wolff has gotten past the Cornell West Zoom phase of wildly going back-and-forth to the camera so that his head is ginormous half the time. That said, bro still needs a ring light or something.
say the tarrif brings up the price of oranges and avacaodes from mexico... americans will just raise the prices from cali and florida to match the new prices.
Although Mexico does depend on remittances it isn't to the point that Professor Wolff believes. Remittances make up between 2% and 4% of gdp. Mexico has lower unemployment rate.
i think i saw that chart recently, but forgot from where. The bottom 60% of Americans' (in terms of income level) spending to the overall economy has fallen consistently for decades. The spending of those between 60% to 80% to the overall economy has also fallen consistently for decades. In contrast, the spending of the top 20% of Americans have increased. // We all know the basics. Wage growth for majority of the blue collar Americans will never outpace or be more than inflation. Annual wage increase will also not be sufficient to offset rising costs of living, etc. Not everybody is lucky enough to get 10% wage increase in any given year, especially year after year for decades. Then there goes the corporations taking a huge chunk of profit, compensating top executives with dozens of millions of pay and bonus packages, etc. Then we have quite a number of our Elected Representatives who are not even earning the median or the average income of Americans across nation, they are paid real low. They need to find income sources elsewhere. I mean, who can live with $19,000 a year, while having have to consider about paying tuition debt, rent, grocery, childcare, insurance, car maintenance, etc.? It is really challenging for an elected representative having have to juggle an annual income of $19,000 a year while having have to deal with their own/household daily necessities and stuffs and then while also having have to take into considerations and be the voice of their constituents. And, we also know the basics, that for decades, the burdens have always been imposed and enforced to the vast majority of the Americans from very low, to low, to low-middle, to middle income.
Professor you FORGOT something.
If the tariff INCREASES the price of FORIEGN GOODS,
The population will buy AMERICAN manufactured goods......thereby increasing EMPLOYMENT and PROFITS for AMERICAN COMPANIES ????????????????
Well said, professor . Tarifs will make imported cars more expensive . The USA car market can still buy imported cars, because the price of them, will be the same as the USA made cars . JC 26/3/25 .
Why would we want them to invest into Mexico! “Made in the USA” cars! My home state (Louisiana) just got a 6 billion dollar Hyundai plant. Sounds like the tariffs are slowly working. Probably would’ve went to Mexico without the fear of Tariffs.
Professor Wolff would make a good manager of a night club! I can see it now! When the club gets ready to close at 2am nightly and all the lights on the dance floor come on. All the drunks and dancers notice their actual partners on the dance floor and what the really look like! There are some drunks that want to continue to dance and party on. This is when Professor Wolff does his thing every night at 2am. The Drunk: “Hey, let’s keep partying all night long! Let the good times roll” Professor Wolff: “You don’t understand!! It’s OVER! You’re in DENIAL!! The Party IS OVER!!!”
We need a new Bretton Woods agreement. The dollar is not fit for purpose in the world as a whole. Great if you're american, not so much for the rest of us.
Prof. Wolf says the same thing over and over again in all the shows every time. He doesn't give any details like when is the next traunch of federal debt coming up for re-fi, how much is it when it was borrowed, who is the debt holder etc etc?? No details. Prof. Jeff Sachs also same thing over and over again with no details.
The final note of positivity is ridiculous, hoping that the USA will quit being who and what we have been for decades, leopard/spots Mr Wolff, optimism is unrealistic at this point but I understand ending on a high note
Trump wants america to turn so rich, so rich & riches beyond imagination!
Tarriff create riffs & Trump don't realise it as yet! Its not like bombing yeman!
We need a New economic model based on Bitcoin. Full disclosure and accountability. Pay all Government Employees and Contracts with Bitcoin. Bitcoin is for all to see who gets what!
American politicians and public walking inti darkness, the buck stop with president of days that mr trump. If American thinks going war is one to expand economy it will not help unless Americans government negotiate to stop misunderstandings.
This guy is arguing against himself. If Asian companies cancel auto factories in Mexico, as he says, they will build them in the US. They already do that with chips. The Asians always cave in. Whether chip and auto factories will generate many jobs, however, is a different question. They will be so automated that likely won’t make a difference for the average Joe.
with all due respect prof. Wolff but if you'd been paying attention, Trump is using the tariffs for two reasons, 1. to leverage countries to lower their tariffs on American goods, and 2. to encourage people to buy American ...I'm pretty sure he can be reasonably confident in predicting how that's gonna work out.
Also, didn't Honda just announce they'd be building the cars for the American market, in America?
Im no supporter of either party but all i know is i was born on this piece of the world and anyone with any common sense knows all governments across the world are corrupt but these titles are bs we as people of this region of the world aren't done we aren't laying down for anyone.. criticizing this government is fine but y dont u ever criticize these other players in the game as well it's really goofy straight clownish
Yes, it is a tax on the outsourcing of production for cheap labour. Tariffs serve as a reminder and encouragement to make products at home, and buy products made in your own country. This we know now professor. The results are of course not measurable now, but any reasonable person will see that the results will be positive long term. Cheap foreign goods ultimately become more expensive in the total measure compared to domestic manufacturing and its employment benefits. American was strongest and had the best middle class economy when it was a manufacturing power house of high quality products.
I like Wolf but his podcast titles are always doom and gloom. America is not done. Far from it. It might have a few setbacks because of its mistakes but its not done.
Not saying he's wrong, we'll see, but he's been fear mongering for months! All he ever says is it's over! OK? It either is or isn't, but this old man has become a doomsday clown at this point. Is how he makes his money.️️
Thank you both so much. Mind games in personality disorders, propaganda, psyops and colonialism - Dr. Ragnhild recommends Richard Crannon's channel:
https://youtu.be/hL7Qunm20u0?feature=shared
i think prof missed the mark on doge. we have the same amount of government workers today as we did 50 years ago...even though technology, automation, redundant tasks should have halved or quartered that number. but nobody was ever fired, just given unnecessary tasks, duties, to make it seem like they were 'doing stuff' (like shuffling pointless papers & files around). we don't need typist pools, mail delivery guy with a trolley going desk to desk, etc. we have computers & e-mail now. (actually, for decades). anyhow... it's way too big & expensive to maintain.
Such a dumb argument. It’s just as often the goods don’t enter the country and litteraly no one pays the tax. But these boomers keep repeating the same line like a parrot. We don’t need Canadians lumber we have trees ️
QUESTION: According to history when did TAX come into existence?ANSWER: According to the words of the Godhead (i.e. Father, Son = Black Adam & Holy Spirit) it began iver 2,000 years ago. Luke 2:1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be TAXED.
This will not age well. April 2nd is coming up. THEN you will see how effective the tariffs are. It's literally impossible to replace the US market. We are rich. We are far and away the world's largest economy. Good luck selling BMW and Benz cars in Mexico. Maybe leaf blowers??
This dude is explaining kindergarten stuff, go preach the universities.
Dollar will float, as Freddie stacks on crypto. Dollar will be allowed to inflate duh! That's how they'll pay US debt, after inflation.
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