Recorded on July 30, 2019
On this episode of New Business Paradigms, Rinaldo Brutoco (World Business Academy President and Founder) and Kristy Jansen (World Business Academy Chief of Staff) discuss US economic indicators, share news out of the UK, offer updates on gold, oil, currency, and trade, and give a final riff on how income inequality ought to be declared a National Emergency. Rinaldo ponders the downward adjustment of US economic growth, the questionable spin of some of the data points contained in the latest GDP report, and wonders aloud if someone is fiddling the numbers. We also debate how our sensationalized media culture is allowing Trump to control the narrative, rhetorically invent and then magically fix his own problems, using racism, slander, and outright deceit to keep the attention of the American people fixed on his shenanigans. Meanwhile, Speaker Pelosi describes herself as a weaver. But will she be caught in her own web while the rest of the country stays enthralled by the hit reality TV show “the American President”?
Throughout the hour, one theme emerges; our politics and economy need a major overhaul in a very short period of time. Rinaldo discusses opinions from top investors - Ray Dalio, Warren Buffet, and Paul Tudor Jones – calling on leaders to urgently address the underlying problems with rampant consumer capitalism and the consensus that there is a high probability that a future where nothing changes might actually lead to violence.