Powell Warns of Stagflation
Socrates has honed in on 2025 becoming a year of great stagflation in the United States. The Federal Reserve has finally admitted that the data is undeniable—the United States will [...]
Donald Trump named Chris Christie, the New Jersey governor, to lead his transition team as reported by the FT. This is rather important. No doubt, Christie would take the position of Attorney General should Trump win. But the real critical aspect here is that Christie was the ONLY candidate to tell the truth about Social Security. Christie told the people that the government “stole” their Social Security funds. Of course he is correct. Social Security goes negative next year by the government’s own forecast. This means that Trump, given his recent comments about renegotiating the national debt, demonstrates there is a discussion behind the curtain albeit nobody wants to raise that issue just yet.