Do you remember the panic buying that we witnessed during the early days of the pandemic? It’s back, and I have a feeling that it is only going to intensify in the days ahead. As more Americans begin to realize that products made in China will soon more than double in price and that some may no longer be available at all, there will be a feverish rush to purchase Chinese-made goods. Ironically, this may actually give a short-term boost to the U.S. economy, and the economic numbers for the first half of this year may end up looking better than they otherwise would have. (Read More...)
Trump’s Economic War Against The Communist Chinese Empire Just Went Nuclear
Well, isn’t this fun? News that President Trump had decided to pause some of the tariffs that he recently unveiled for 90 days sent stock prices soaring. The Dow Jones Industrial Average was up more than 2,900 points on Wednesday, and that is very good news. But not that much has actually changed, and the global trade war is still officially on. In fact, President Trump just hiked the tariff rate on Chinese imports to 125 percent… (Read More...)
China Has An Insidious 6 Point Plan To Defeat Donald Trump And Win The Economic War
The Chinese have no intention of giving in to President Trump and are vowing to “fight to the end”. So that means that an economic war between the number one economy on the entire planet and the number two economy on the entire planet is officially on. Yesterday, I warned my readers that imports from China were about to be hit with a 104 percent tariff, but because this number had not been reported by the mainstream media yet a lot of people didn’t believe me. Of course this morning major news outlets all over the globe were using that number. Here is just one example… (Read More...)
Are You Ready To Pay A 104% Tariff On All Products From China?
How many products do you have in your home right now that were made in China? If you are like most Americans, that number is very high. We should have never allowed ourselves to become so dependent on cheap Chinese goods, but we did. Walmart, Target and our dollar stores are absolutely teeming with products that were manufactured in China, and now those products are about to get much more expensive. The 34 percent “retaliatory tariff” that the Trump administration recently imposed on the Chinese was on top of a 20 percent tariff that the Trump administration had already imposed on them. The White House has confirmed this. Unfortunately, the 54 percent tariff that we were potentially facing will now rise to 104 percent thanks to an additional 50 percent tariff that will go into effect on April 9th. Earlier today, President Trump posted the following on his Truth Social account… (Read More...)
We Are Witnessing “Lehman-Style Margin Calls” In The Aftermath Of The Biggest Stock Market Wipeout In U.S. History
We have never seen so much stock market wealth get wiped out in such a short period of time. Unfortunately, many major players on Wall Street that made a ton of money on the way up were not prepared for a rapid reversal of this magnitude. In an article that I posted on Friday, I wrote that “a lot of financial institutions that are deeply overextended” could quickly “find themselves in a tremendous amount of trouble”, and that is definitely turning out to be quite accurate. All of a sudden, hedge funds are being hit with absolutely enormous margin calls, and this threatens to create a “doom loop” which could potentially push stock prices a whole lot lower. (Read More...)
Wake Up! The Stock Market Is Crashing, Layoffs Have Surged More Than 200 Percent, And We Are Being Warned A Depression Is Coming
I am trying to find the words to describe the economic carnage that we are witnessing right now. Even before President Trump unveiled his new tariffs, the U.S. economy was rapidly heading in the wrong direction, layoffs were soaring, and stock prices were steadily falling. But now it is as if enormous amounts of gasoline have been suddenly poured on the fire. Trump’s tariffs have caused a massive wave of panic on Wall Street, and the Dow Jones Industrial Average was down 1,679 points on Thursday. That was the biggest decline that we have seen since the early days of the pandemic in 2020. The S&P 500 and the Nasdaq also experienced the largest declines that we have seen since 2020. Everywhere you look there is carnage. The small-cap Russell 2000 index has now fallen more than 20 percent from the peak, and that officially puts it in bear market territory. What we are witnessing is absolutely horrifying. (Read More...)
Boom! Trump’s “Higher Than Expected” Tariffs Will Be An Epic Shock To Our Standard Of Living And To The Global Economy As A Whole
The global trade war is officially heating up. President Trump just unveiled a series of tariffs that were higher than expected, and business leaders all over the world are absolutely stunned. For many of those that have made a killing importing goods into the United States, their businesses have now been ruined. For many of those that manufacture their goods right here in the United States, President Trump’s tariffs are very welcome news. The tariffs that Trump has just announced will go into effect right away, and stock futures are plunging as I write this article. During the economic chaos that is ahead, there will be winners and there will be losers. But without a doubt, the global trade war that has now fully erupted will certainly be an enormous shock to the global economy. (Read More...)
How Many Millions Of People Are Fraudulently Receiving Social Security Checks, And Why Is The Left Throwing A Massive Temper Tantrum About Revelations Of Fraud?
One of the biggest scandals in the history of our government is starting to be revealed, and the implications are enormous. According to the Social Security Administration more than 71 million Americans are receiving Social Security checks, and according to the Centers for Medicare & Medicaid Services more than 68 million Americans are enrolled in Medicare. But the most recent census conducted by the U.S. Census Bureau found that there were only 55.8 million people that were age 65 or older living in the United States in 2020. Obviously, there is something seriously wrong with these numbers. We should be so glad that Elon Musk and his team are looking for fraud in the system, because it appears that we are being ripped off on a massive scale. (Read More...)