Hundreds of thousands crowds of women, many wearing bright pink knit hats and carrying Starbucks lattes, swamped into downtown Washington, arriving by bus, train and car on Saturday for a march in opposition to U.S. President Donald Trump one day after the Republican took office.
Sometimes we need to take a step back and gain some perspective. As we explain in our book Splitting Pennies - the world isn't always as it seems at first glance. What's happening now, is much a result of what was planned and started 50, 60, and 70 years ago by a previous generation. Modern history and especially regarding USA really should be looked at since @ 1950, at the wind up of World War 2. And, the most significant element in global society, is quite possibly the first form of Artificial Intelligence: The Machine.
President Trump’s brief inaugural speech was a declaration of war against the entirety of the American Ruling Establishment. All of it.
That Trump's inaugural address was provocative is putting it mildly. Nowhere was this more obvious than in the initial reaction of the Financial Times. Consider the following excerpt:
While most are well aware that President Obama is leaving office having almost doubled the national debt during his 'reign', the more concerning fact is that this debt-splosion came with the weakest economic recovery in US history. What this means simply is that Obama is handing Trump the 'riskiest' America since World War II as debt-to-GDP is the highest since Truman.
Combine this...Worst Recovery Ever...
Source: JPMorgan
With this...Biggest increase in debt ever...