Скачать или смотреть Trump's Total Economic Takeover | Prepare

Trump has done some absolutely wild things today and over the weekend. He proposed several crucial shifts that you need to know about, signaling what looks like a total economic takeover in the coming weeks.

First, Trump took to Truth Social to share his dispute over rising utility costs. He is blaming the massive increase in data centers for driving up bills for everyday Americans. He made it clear that he expects tech companies to "eat" these costs, and he specifically praised Microsoft for its willingness to work on resolving the power issues at their own data centers. Naturally, this move has concerned other tech giants that rely heavily on these centers. However, the problem is bigger than just data centers; our national infrastructure is an epic failure. We desperately need to expand our power grids and gigawatt capacity. While it’s true that utility costs began rising during the Biden administration, the Trump administration has since halted several renewable energy projects, which has caused costs to continue climbing rather than lowering. Both administrations have played a role in this crisis. While Trump loves oil because it is a quick way to generate money, relying on it long-term isn't sustainable. It’s not just bad for the environment; oil is a finite resource, and a lack of energy diversity makes electricity more expensive in the long run.

On the global stage, Trump has ordered a 25% tariff on any businesses trading with Iran. It’s interesting how he has downplayed the language of these tariffs; he previously claimed other countries would pay them, but now he admits U.S. businesses will bear the burden. That said, a 25% tariff on Iran may not be as big of a deal as you might think. Very few U.S. businesses actually trade with Iran, mostly involving minerals or oil, because we have had heavy sanctions in place for a long time. In fact, less than 1% of Iranian goods have been imported into the U.S. over the last decade. Iran lacks the infrastructure and political stability to be a key trading partner anyway.

Now, let’s talk about Trump’s demand to cap credit card interest rates at 10% for the first year. From a consumer perspective, this sounds great, but on an economic scale, it is a terrible proposal. It could potentially crash the nationwide economy. Banks rely on high interest rates to mitigate the risk of lending money without collateral; if these rates are capped, banks might be forced to close accounts or severely limit spending, which could trigger widespread bankruptcies and slow the entire economy. Trump isn't the first person to suggest this; Senator Bernie Sanders proposed a similar idea a while ago, and it never gained traction in Congress. Regardless of who suggests it, it remains a dangerous economic move.

Finally, Fed Chair Jerome Powell released a shocking video confirming he is being probed by the DOJ. He is accused of fraud over a $3 billion renovation of the Fed’s headquarters, with allegations that he misused taxpayer money. Powell stands firm, insisting he won't be intimidated by Trump’s DOJ. Whether you like him or not, you have to respect him for standing his ground when so many others just do Trump’s bidding. Furthermore, the claim about taxpayer money is false; the Fed is self-funded through Treasury bond interest and member bank fees and interests. The building hasn't been renovated since the 1930s and is full of lead and asbestos. The $3 billion cost is a necessary investment to make the headquarters safe for the next 50 years.

01:40 Trump on Data Centers & Utility Bills
09:42 Trump on Iran
19:22 The 10% Credit Card Cap
28:14 Fed Chair Powell Probed by DOJ

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