The US stock market is in "the mother of all bubbles", with the market capitalization of publicly traded companies at 206% of GDP. This is higher than the dot-com bubble of 2000 and even the peak of the crash of 1929. Meanwhile, just 25 companies make up over half of the weight of the S&P 500, and the Magnificent 7 Big Tech monopolies are 35% of the market cap of the index. However, the US economy was built upon this financial house of cards, and politicians are profiting from it. Ben Norton explains the dangers.
The Jimmy Dore Show Colonel Douglas Macgregor explains that as a result of recent military conflicts, Russia, China, and Iran have become allies, and that Beijing and Moscow have concluded that "if we let Iran fail, we're next on the menu" from what he describes as a "rogue state led by a rogue personality," meaning they will intervene to prevent Iran's collapse if the US threatens it. He tells Jimmy Dore that Putin called Trump for an hour and a half to make it clear that a military campaign in Iran would not succeed and would make the situation much worse, offering to store Iran's enriched uranium as a diplomatic gesture. Macgregor warns that if the US restarts the war, China could send 40 or 50 surface combatants and submarines to the Indian Ocean, and Russia could fly MiG-31s into Iranian airspace — not to provoke a direct confrontation but to "make a point." He concludes that the British Empire overreached and overextended with World War...
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