Interview: Globalization’s Catastrophic Collapse
Posted January 15, 2025
Globalization may not survive President Trump’s second term.
In Part Two of my conversation with Roger Becker for the Street Smart Success Podcast, I discuss the history of Globalization – what made it possible, the global economic boom it created and the benefits it bestowed on the trade surplus countries (like China) as well as the trade deficit countries (like the United States).
I also describe the calamitous consequences that could result if high US trade tariffs cause Globalization to unravel. Tens, if not hundreds, of millions of people in the trade surplus countries could be thrown back into poverty, while a sharp spike in US inflation and interest rates could cause a stock market crash that destroys trillions of dollars of wealth and hurls the country into a severe recession.
Other topics include:
- The factors that will determine the sustainability of US Government Debt.
- How long the Dollar will remain the world’s most important reserve currency.
- The dire threat China poses to US National Security.
- President Trump’s wisest policy initiative.
- The safest asset classes to invest in over the next decade.
Click Here To Listen To This Interview Now
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