Pillars to excluding media

We have seen the issues that the US faces and it is time for the application of a little balance in all this. To do this, we need to look at some sources. As such On August 20th (06:00) we get Reuters with ‘U.S. economy rebounding strongly; fresh aid coming to unemployed: Kudlow’, to some there is nothing wrong with the title, yet, what has the US done for others to be treated to the ‘economy rebounding strongly’ part? The current administration did everything to scuttle the nation, so what economy is rebounding strongly? We can see different sides in economy, but for the US we see the need to export and import. The US destroyed their import option and to some degree diminished their export turnover as well, so how did the ‘economy rebound strongly’? Then we see the cost part, revenue is down, but cost are up. So when we consider the news “Total non-farm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent, the U.S. Bureau of Labor Statistics reported today” and this was June 2020, one in 10 does not have a job, all whilst between February 2020 and July 2020 9,530 jobs were added and 22,160 jobs were lost. Over the millions of jobs in the US it does not add up to much, but the news (source: the Guardian, May 2020) is also giving us ‘US job losses pass 40m as coronavirus crisis sees claims rise 2.1m in a week’, so when we distill the bad news, because yes, it is bad news, how come we see ‘economy rebounding strongly’ in all this? So in this, the quote “Kudlow, speaking to reporters at the White House, defended a reduction in the unemployment supplement to $300 from $600, saying stimulus measures should be reduced slowly as the economy strengthens” (at https://www.reuters.com/article/us-usa-economy-kudlow/us-economy-rebounding-strongly-fresh-aid-coming-to-unemployed-kudlow-idUSKCN25F2KL) we get to consider “The U.S. Centers for Disease Control and Prevention (CDC) on Wednesday reported 5,460,429 cases of the novel coronavirus in the country, an increase of 39,318 from its previous count, and said the number of deaths had risen by 1,172 to 171,012”, the stage is debatable, I agree that it does not solve the puzzle, but there is a larger stage that for millions the corona stage is still not clear, the total amount of infected could go up, it could go up be a large amount and this also means that free clinics will be swamped, inoculations and other cost will go up, it will impact the US in a huge way, so where does this ‘economy rebounding strongly’ come from? The US has squandered technological progress in the Huawei fight, and this is merely the beginning in all this, as the US loses 5G grounds we will see larger and faster growth in both the Middle East and Asia, for the US their view of the Middle East in 5G is like giving a native American a gatling gun whilst you give them no ammunition or a manual, what they forget is that the data laws and privacy laws allow for the larger tech companies to move to the Middle East and be isolated, no taxation and large data grazing fields, the Middle East is catching on and Asia is already on track. As the balance of the seesaw of technology changes, the infrastructure in the US will be delayed again and again and as I personally see it, in 2023 we will learn through managed bad news that the US went from a first position in technology to fourth if not fifth position. In all this, the message of ‘economy rebounding strongly’ might be seen as one of the larger jokes and that is all before we realise that the US has amassed a debt of $25,000,000,000,000. Twenty five trillion is a lot of money, the interest alone can fuel most EU nations, yet this interest will now go to the banks and financial institutions underwriting this, as such some might consider that the US economy is in shambles and when the FAANG group starts pushing for a protectorate of a true global corporation, that is the final news you need that the US economy is an illusion that can no longer be maintained.

#JustSaying

 

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