Comments by "" (@tekannon7803) on "The next economic crisis Larry Summers is worried about | GZERO World" video.

Larry Summers never fails to shine a light on the real problems in the financial sector of the American Economy. He sent up at least 3 red flags in his latest across-the-board insider's look into the recent Silicon Valley bank crash and the possible real estate meltdown and thousands of office buildings empty and standing as a testimony to how Trump's----correct me if I am wrong----former President Trump's decision on practically his first day in office to dismantle and de-fund the Pandemic Department that Obama had put in place. Has anyone given any thought to why on earth the newly elected President of The United States would take down a department which looked after the health of American citizens and well-being? I think we all have to face up to a very stark reality in that the global financial system as well as yours in America is running on an antiquated economic model, repaired and upgraded so many times to be something out of The Peter Principle which pointed out that people in corporations and large companies more often than not get promoted until they reach a job that is out of their field of competence. We’ve all had bosses like that, haven't we? Boys and girls, capitalism has been honed to perfection and many of us have benefited from it; while most people have not if we want to be truthful. It is all we know and we accept it without blinking an eye that the 10 richest people in the world saw their fortunes double in value during the pandemic. Red flag anyone? We have to quit fooling ourselves; our great, great grandfather (consumer capitalism) has been twisted and tweaked into a failed system that cannot see one business cycle go by without some major failure happening in the USA.
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