The US Has Been in a 5-YEAR RECESSION, The Shocking State of the US Economy (Prof. Peter St Onge)

August 15, 2024 00:28:29
The US Has Been in a 5-YEAR RECESSION, The Shocking State of the US Economy (Prof. Peter St Onge)
Going Underground Hosted by Afshin Rattansi
The US Has Been in a 5-YEAR RECESSION, The Shocking State of the US Economy (Prof. Peter St Onge)

Aug 15 2024 | 00:28:29

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Show Notes

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On this episode of Going Underground, we speak to Prof. Peter St Onge, an economist at the Heritage Foundation. He discusses the skewing of the US government’s economic statistics and what the real numbers are on unemployment and inflation, why the US has been in a 5-year recession or 5-year depression, the increasing government takeover of the economy and the ballooning corporate welfare budget, the decline of the pace of new technology innovation, the US’ wanton use of sanctions to steal from other countries’ leading to the start of the decline of the US dollar as the world’s reserve country driven by BRICS, the Biden Administration’s use of the strategic oil reserve as a political football to lower oil prices before elections, the problem with a gold-backed currency, and much more.

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