US Treasury Secretary Scott Bessent, a billionaire hedge fund manager who worked for George Soros, insists, “Access to cheap goods is not the essence of the American dream”. The Donald Trump administration knows its tariffs will result in higher inflation. Products will become more expensive as the US tries to economically decouple from China. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=8DOCZjS_MVc

Topics

0:00 Inflation is coming back

0:41 US Treasury Secretary Scott Bessent

1:57 Billionaires

2:34 (CLIP) Bessent: no more cheap goods

2:49 Stagnant real wages

3:54 How China exported deflation

6:20 Myth of the "American Dream"

6:55 End of income mobility in USA

8:04 US life expectancy falls

9:13 Trump's billionaire-filled administration

9:39 Inflation rises

10:11 Richest 10% drive US economy

11:07 Corruption

11:35 Scapegoating

12:15 Recession risks

13:39 Housing is unaffordable

15:40 Elon Musk

16:13 Blackstone

17:13 Fake populism

18:00 Outro