Many Americans – and perhaps most – are now skeptical about the ability of the US government to carry out policies that will improve the lives of the average citizen. The public’s mistrust of the government seems to increase year after year.
This is an unfortunate and dangerous trend given the growing threat to US national security posed by China, which is on the verge of overtaking the United States technologically.
Quite recently, this threat has created rare bipartisan agreement on the urgent necessity of establishing a US Sovereign Wealth Fund.
Now that policymakers on both sides of the aisle are agreed, the American public must be won over to this vital new national endeavor.
This was the principal topic of discussion in my conversation with Kirk Chisholm during a recent interview for The Money Tree Investing Podcast.
Other topics are listed below.
This was a great discussion.
I hope you will CLICK HERE and listen to it now.
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Other topics discussed during this interview:
- The effects of inflated debt and the fragility of the U.S. economy, highlighting government intervention as a key reason the economy hasn’t collapsed.
- If credit contracts, a recession could turn into a depression, risking significant economic instability.
- Each time private sector defaults threaten contraction, such as in 2008 and 2020, government intervention prevents economic collapse.
- Advocates of austerity overlook that spending cuts can cripple consumption, investment, and job creation, leading to an economic downward spiral.
- The speaker argues that large-scale investment, rather than austerity, is essential for growth and national security.
- America’s economic resilience stems partly from government debt; alternatives could risk societal collapse.
- Future U.S. prosperity and competitiveness, especially against China, depend on substantial investment in science and technology.
- Balancing private sector decisions and government financing could ensure effective investment in essential industries.
- The U.S. must innovate in energy, particularly nuclear and fusion, to meet growing demands from sectors like AI.
- America’s past reliance on globalization reduced inflation, but future economic stability may require adapting to changing global conditions.
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