IF your only source of news was Donald Trump and his social app, you would think America was doing better than it ever has at any time in its history. In fact, you might even think all Americans were riding unicorns and swimming in oceans of money. But if you live in the land of reality, you know better.
The truth of the matter is, America is not healthy by any stretch, not economically healthy, and most certainly not physically healthy. She is actually quite sick. Multiple states are failing. In fact Moody’s said yesterday that over 30% of states are actually already in recession, another 40% are barely treading water. And while 30% are “growing,” their growth is slowing more and more every day.
The economic red flags warning of collapse are everywhere… if you’re willing to open your eyes and actually look at them.
Let’s start with the jobs. Did you know layoffs have increased 140% over last year? This last June America LOST 13,000 jobs. No gains. In July and August there were 50,000 to 70,000 hires, but the majority of them were in healthcare, again. Predictably, health care, more like sick care, is the only industry still “growing”— which actually means Americans are getting sicker, and more are unable to work.
The chief economist at Moody’s also said yesterday that historically when over half of the 400 industries that are tracked on the payroll report are shedding jobs, America was intercession. Guess what? 53% of those industries are actually shedding jobs. Literally no one is hiring. And why would they when they were paying ridiculous tariffs and wholesale prices are through the roof due to Trump‘s horrible economic policies?
Wake up call: By historical measures we are actually in a recession.
But due to AI, it might even be worse than a recession we are facing. In the past, America was always able to recover as new industries emerged and new jobs became available. In our “modern” world, AI is actually eliminating jobs. Therefore we might not be witnessing a routine recession, but rather a depression that we will never recover from— unless AI is eliminated or severely regulated.
To make matters even worse, if that’s possible, there is a president in the White House who has sold his soul to the science (and is right now, profiting greatly from it, having made $8 billion this year alone from his tech alliances). He is right now accelerating the implementation of AI in every single industry and government, all but ensuring the elimination of most jobs within the next five years.
So while the economists are warning about recession, they may not be going far enough because their predictions are not taking into account. The fact that AI is eliminating the jobs, and those jobs aren’t coming back. And sadly, America may never be coming back either. Save for a miracle.