The Great Melt-Up Will Strike The USA: My Advice to You (youtube.com)
More inflation is just the best way to handle the increasing US debt issue. Largest employer in US is the government, so it can't reduce its costs by laying off a bunch of workers, as that would mean they would have less income tax to collect and it would be therefore harder to pay off the debt. Inflation, however, makes it easier to pay off their debt.
Financial advice from him includes trying to preserve wealth and at least not falling behind, by buying your residence, buying gold.
American income levels and savings are both higher than the Fed had guessed, even with greater spending by the consumer. ‘Spending can continue at a healthy level,’ said Powell. They will continue to cut rates, he thinks, but will do it slowly to continue to try to cool the economy.
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The dockworker's strike (first for that union in 50 years) shows fragility of US right now. President didn't get involved, although he could have (and has some authority to force people to do things), also the election coming up, also the delicate balancing act of the Fed with inflation and rate cuts, the stock market. Also the competition with non-friends like Russia, China, Israel, which are bold in relation to America's fragility. A friend is someone who doesn't take advantage of someone's position of strength or weakness. However, of course, America brought it's problems on itself, so internally it has many non-friends.