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In the Year 2025, if Man is Still Alive, What Things May This Way Come? According to Gallop, fears of the future are running high, yet many MAGA Americans see this as year of hope at last.On New Year’s Eve, The Daily Doom ran a story about Americans fearing what lies ahead in 2025. A lot of the consternation, of course, is by liberals over how Trump is going to decimate Liberalland, particularly tearing apart the Deep State. Many of us would be glad to see the Deep State—the unelected, largely liberal, but also Neo-con military, federal employees who haunt the halls of government after each old regime is laid to rest by the election—dismantled. That said, a lot of the public fear also focuses on the economy, and it is more than justified because we are fully bedeviled by years of profligate spending that now ride our backs without mercy as a heavy social burden. On top of that, we’re about to experience the impact that more trade wars, on top of the impact of taking down the Deep State, will exert on the entire social fabric as a social war. Wars are messy. The other side fights back. So, the two biggest concerns run this way:
Moreover, 80% of Americans see their society as sharply divided, and Trump is clearly a divider, not a uniter; so few people on either side have hope that the divisions will heal. Rather, each side hopes their side will prevail so the divisions become decided their way (and one article below by a MAGA writer even talks about the divisions now forming within the MAGA movement—a sort of internecine war). That would require the other side to give up, and that isn’t going to happen. The survey was conducted by Gallop. While I thought one nation divided with liberty and justice for some would turn out to be more chaotic last year than it did, it’s hard for me not to believe my prediction was merely a couple of months premature. I cannot imagine that the most concerted effort ever to tear down the embedded liberal structures in government that MAGA is intent upon removing will not result in huge societal upheaval. If you’re a MAGA Man (or woman), of course, you are saying, “Bring it on!” But that’s just the point: on it is coming, and the outcome is far from certain. Our financial phantom As part of our nation’s ongoing buildup toward economic ruin …
And why would this specter from the dead not continue to haunt us? As one story notes below, if we simply stay on the same spending slope we’re on now, the US debt will exceed $50-trillion by the end of Trump’s term. The pathway of this constant presence in our lives has only become worse with time. You can hope Elon Musk’s DOGE will expel it, and maybe it will, but another article today lays out what a political challenge that will be. (No surprise.) It is also far from clear whether Trump’s promise of additional tax cuts will make the deficit worse or better, but past performance of tax cuts leans a bit toward worse as we’re already past the curve where dropping taxes boosts revenue by increasing profit incentives. You cannot go forever along that curve and keep experiencing higher revenue. It’s just mathematically impossible. Go far enough, and cutting taxes equals no revenue at all. So, it is a curve of diminishing returns. Trump does promise to replace those income taxes with other taxes called tariffs, which essentially amount to sales taxes on American consumers because businesses are unlikely to absorb those added costs on their imports now that we are in an inflationary environment where businesses stopped soaking up the added costs many eerie moons ago and have been passing along all their higher costs, sometimes even with a premium for added profits’ sake. One thing I am certain of about tariffs is that they will add upward pressure on inflation, not downward pressure. Even if companies absorb them as much as they can or manage to pass on a fair portion of them to the international businesses they are trading with in price adjustments, there is still going to be some residual upward impact on US prices. There has never been a time when US tariffs have helped lower US inflation; and it’s hard to imagine they won’t raise it over time, especially as the also increase supply-chain problems. No US importer ever said, “Let’s lower our prices now that we are paying large import duties on this stuff, and no foreign company exporting to the US ever said, let’s cut our prices by even more than is necessary to offset the tariff.” So, there is no chance that tariffs don’t cause some upward pressure on prices, and they may get passed along almost entirely to consumers since price elasticity has intensified as the ability to absorb cost impacts has been exhausted. Biden is already emptying the government coffers with last-minute spending as quickly as he can before he makes his final exit from the Oval Office. So, that is likely to increase funding needs in 2025 as he spends out the limits remaining under his discretion during the final few days of Bidenomics. He’s not likely to leave a penny more than he has to for Trump to spend; but that is hardly surprising either. Republicans, of course, having secured all branches of government (albeit with slim majorities), feel positive about where things will go from here. World domination Only 19% of Democrats believe the US will increase its power in the world. That is, I suspect (but do not know because I haven’t asked all of them), because they believe US influence in the world comes from the US government working diplomatically with other powerful liberal governments in the world in a partnering kind of way. So, by that worldview, a disruptive move against liberal institutions, as Trump is expected to make, will reduce US influence with other governments, particularly European, Canadian and Australian. However 90% of Republicans believe US power in the world will increase. I would venture my own guess that this is because they believe their champion Trump will successfully assert dominance with some strong-arm moves.
I think that battle outcome is far from decided. I am, however, more certain of the disruption side of the argument now than I was of my chaos prediction for 2024, but I hate retreaded predictions. I don’t think Xi is likely to back down from the conflict he is intensifying, but China is becoming quite strained financially, too; so will circumstances make him desperate to take military approaches or anxious to do the practical thing and not disturb business but build better trade with the US? Generally, the Chinese are practical about business, but I’m not particularly hopeful about that outcome based on the trends I see in how Xi has acted for years as well as in how he responded to Trump’s first Tariff Wars. The fight is still on from those.
So, with ten major world conflicts going on right now, war is about as certain as it has ever been; yet, Trump says he will tamp that down by negotiating some sort of armistice between Russia and Ukraine while helping Israel win all of its wars. I have no idea how that will turn out. It’s war. So, it is by nature highly unpredictable. If we could predict the outcomes of wars, maybe we wouldn’t get into them in the first place but would just say, “Look, we all know how this is going to go, so let’s just cut to the chase.” Putin is a lot weaker than he was when he first started his war, but also more desperate. His forces look frazzled. His economy, exhausted. I’m not saying he is more weakened or desperate than Ukraine is, by any means, but both sides are looking intensely strained. Trump intends to leverage that to get both sides to come to a bargain. That could work. Now that attrition has taken a huge toll on both sides, the will to keep fighting is likely becoming fatigued on both sides. I’ll just say I’m not optimistic that the world will become a more peaceful place with so many ongoing wars. Maybe Trump will pull off a miracle, but peace would be quite ironic coming from one known to be the Great Disrupter—a guy who seems to thrive on negative energy for its own sake just because he loves the thrill of a spectacular fight. Sometimes you have to fight things out, beat down bullies, to get to peace; but, if you fight because you love a good fight and love to be the center of attention by disrupting things, then that is fighting for its own sake; and I think peace is not a likely outcome. In all of this, the one thing that is nearest to certain is that we are about to have a four-year chance to find out. One other near certainty, given history and Trump’s cabinet choices, is that the billionaires will do better than the rest of us. I’ll keep you posted on how the battles are going. If you’re a free subscriber and would like to see all the headlines this editorial is based on, as well as the concentration of other important headlines I’ve pulled together for the day (and those I pull together every day from Monday through Thursday), the opportunity to get all paid subscriber benefits is not likely to ever get better than the present sale on top of the newly discounted regular monthly price. You can lock in that sale price on the already discounted monthly rate for a year by starting your monthly subscription now: Of course, anyone who wants to remain with limited free benefits is welcome to hang around for the ride. After all, it doesn’t cost me anything if you stay and don’t pay. The original title of my last email was just intended as tongue-in-cheek humor, inspired by the photo of so many parrots sitting around on a fence and eating. Though no one had complained about it, I changed the title on the archived post away from the old toilet joke because it was a little crass, so I felt uncomfortable about it. Subsequently, one free subscriber did complain that he felt I was pushing him to leave if he wasn’t going to pony up and pay. I get it, and that was not my intention. It was just meant as a little ribbing via a turn on an old saying, intended to prod people a little, not to shove them out the door as dead weight. If you’d like the extra benefits or do want to help keep my kind of writing coming, the “it-won’t-get-cheaper sale” ends on the 7th of January, and you have to use the sale button while it is available to subscribe in order to get the discount: Keep reading with a 7-day free trialSubscribe to The Daily Doom to keep reading this post and get 7 days of free access to the full post archives.
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