{"id":2587,"date":"2025-01-30T19:06:18","date_gmt":"2025-01-30T19:06:18","guid":{"rendered":"https:\/\/trusteconomics.eu\/?p=2587"},"modified":"2025-01-30T19:06:18","modified_gmt":"2025-01-30T19:06:18","slug":"us-middle-income-class-anger-boils-over-poverty-2025-to-be-a-year-of-upheaval","status":"publish","type":"post","link":"https:\/\/trusteconomics.eu\/index.php\/2025\/01\/30\/us-middle-income-class-anger-boils-over-poverty-2025-to-be-a-year-of-upheaval\/","title":{"rendered":"US: Middle Income class anger boils over poverty, 2025 to be a year of upheaval"},"content":{"rendered":"\r\n

Trust Economics estimates that 2025 will be a year of upheaval and multiple crises, adding that anger is overflowing in the nations of the world\u2026<\/p>\r\n\r\n\r\n\r\n

As it notes, when the euphoria surrounding the elections and executive orders subsides, the new US administration will have to deal with the annoying little problem of the US debt of 36 trillion dollars \u2013 a debt that is growing exponentially.<\/p>\r\n\r\n\r\n\r\n

If anything, this is a debt that Trump artfully avoided talking about during his election campaign.<\/p>\r\n\r\n\r\n\r\n

Deficits, debts and an undervalued currency are the key ingredients for the collapse of any monetary system.<\/p>\r\n\r\n\r\n\r\n

Bitcoin, Stablecoins and the Future of Currency<\/strong><\/p>\r\n\r\n\r\n\r\n

Take 1 Bitcoin (BTC) and 1 Stablecoin, such as Tether. Mix them well. What do you get? A strange electronic record on a computer or memory card with no intrinsic value. So this could be the next US currency if Bitcoiners prevail.<\/p>\r\n\r\n\r\n\r\n

If BTC has no intrinsic value and a Stablecoin is dubiously linked to US bonds, we would not attribute any real value to it. Especially when the US bonds are issued by a bankrupt government.<\/p>\r\n\r\n\r\n\r\n

The situation is further complicated by the Trump administration\u2019s support for BTC and cryptocurrencies. Was BTC originally designed to replace the dollar?<\/p>\r\n\r\n\r\n\r\n

Remember, the dollar has lost 99% of its value since 1971, and no currency has survived forever. With the US and Trump declaring that central bank digital currencies (CBDCs) are banned, a US government-backed BTC could be the solution to the US debt crisis.<\/p>\r\n\r\n\r\n\r\n

It would be like the blind leading the blind \u2013 or one Ponzi scheme supporting another. The situation is more reminiscent of the Tulip Bubble of the 17th century.<\/p>\r\n\r\n\r\n\r\n

Yes, there can be big speculative returns on BTC, just like there were on tulips 400 years ago, but we need to move past them. The 86x increase in the price of gold (or the equivalent fall in the dollar) since 1971 is enough.<\/p>\r\n\r\n

\"This<\/p>\r\n\r\n

The Trump Presidency: A Breath of Fresh Air, But for How Long?<\/strong><\/p>\r\n\r\n\r\n\r\n

Trump ran a smart campaign, focusing on easy-to-understand themes like \u201cMake America Great Again\u201d and \u201cStop Illegal Immigration.\u201d<\/p>\r\n\r\n\r\n\r\n

Many of his executive orders are common sense, like free speech, the end of woke culture, and Drill Baby Drill. He also rejects the false climate agenda. We\u2019ve always believed that climate change is cyclical, not man-made.<\/p>\r\n\r\n\r\n\r\n

Social Unrest and the Coming Revolution<\/strong><\/p>\r\n\r\n\r\n\r\n

Real wages for workers in the U.S. are lower than they were in the 1940s. The minimum wage of $7.25 an hour hasn\u2019t been raised since 2010. Who can live on $7 an hour?<\/p>\r\n\r\n\r\n\r\n

Everyone sees it \u2013 the American middle class is getting poorer by the day. At the same time, the rich are getting richer. What comes next? Of course, Revolution \u2013 a revolution like the French Revolution of 1789 or the Russian Revolution of 1917. The disparity between rich and poor in the West is greater than ever before. It is highly likely that this will lead to a major uprising.<\/p>\r\n\r\n\r\n\r\n

Gold and wealth preservation<\/strong><\/p>\r\n\r\n\r\n\r\n

In this context, Trust Economics says that asset markets, such as stocks, real estate and bonds, are in a bubble phase.<\/p>\r\n\r\n\r\n\r\n

Gold will continue to mirror the destruction of paper money.<\/p>\r\n\r\n\r\n\r\n

In every monetary or political crisis in history, physical gold has always been the best form of wealth preservation. This time will be no different.<\/p>\r\n\r\n\r\n\r\n

Gold will reach multiples of its current value, while most financial assets will collapse. Hold as much physical gold as you can afford \u2013 and store it outside the banking system.<\/p>\r\n\r\n

\"This \u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Trust Economics estimates that 2025 will be a year of upheaval and multiple crises, adding that anger is overflowing in the nations of the world\u2026 As it notes, when the euphoria surrounding the elections and executive orders subsides, the new US administration will have to deal with the annoying little problem of the US debt … <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[880,82,717,881,51,141],"class_list":["post-2587","post","type-post","status-publish","format-standard","hentry","category-economics","tag-anger","tag-gold","tag-middle-income-class","tag-poverty","tag-us","tag-usa"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts\/2587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/comments?post=2587"}],"version-history":[{"count":2,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts\/2587\/revisions"}],"predecessor-version":[{"id":2592,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/posts\/2587\/revisions\/2592"}],"wp:attachment":[{"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/media?parent=2587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/categories?post=2587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trusteconomics.eu\/index.php\/wp-json\/wp\/v2\/tags?post=2587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}