️ On the state of the US economy:

️ On the state of the US economy: “In the first six months of this year, the US consumed more capital in depreciation than it created. I mean, it’s an extraordinary paradox that the world’s number one capitalist country, in net terms at the present time isn’t creating any capital… The situation therefore, as a result of this is the economy is going to grow very slowly. It’s a pseudo-discussion in the US at the present time. They say ’Oh, it’d be a great victory if we don’t have a recession, etc.,’ it really doesn’t make a great deal of difference whether the economy is growing very slightly positive or very slightly negative. The US is heading into extremely slow growth, and maybe there’ll be a recession,” John Ross, author and economist, told Sputnik. Listen to more of Ross’ analysis in our podcast Political Misfits Watch the full episode of our show on Rumble Catch us at , , , 1390AM, 1140AM Источник: Geopolitics Live