Donald Trump started a war with Iran, prodded on by Israeli Prime Minister Benjamin Netanyahu on February 28, claiming it would be brief, and would lead to “Regime Change” in Iran.
After four and a half months, the Iran War is being escalated, and moving America toward massive loss of American lives, (now 17), and major growth in the national debt, and no “Regime Change”, and instead, the blockage of the Strait of Hormuz, which was not blocked by Iran before the war.
Hyperinflation seems inevitable, and the cost of living is already a nightmare for tens of millions of Americans, regarding gasoline, food, housing, health care, and many other economic essentials.
We have a government that is intending a likely land invasion, reminding us of the horrors of the long Vietnam War in the 1960s and 1970s; the twenty year Afghanistan War; and the long, drawn out Iraq War.
We have a President who is unhinged and has no idea what he is doing, as his attention is mostly paid to his own aggrandizement, enrichment, and glorification.
August 15, 1971, President Richard Nixon announced the “Nixon Shock,” which severed the U.S. dollar’s convertibility into gold. Because decades of post-WWII spending and the Vietnam War printed more dollars than there was gold to back them, the U.S. risked a catastrophic run on Federal Reserve History.
Because foreign central banks (like France and the UK) could legally demand $35 per ounce, the U.S. faced a severe drain on its reserves. If the U.S. kept the “gold window” open, it would have quickly liquidated Fort Knox. By suspending dollar-to-gold conversions, Nixon effectively created the modern fiat monetary system.
Incompetent Trump is doing this more so to our economy today than what it was back then.
TRUMP IS DESTROYING THE U.S. ECONOMY!!