A financial expert I know, who has called every recession without fail, has always been ahead of the technology curve, and always been a reliable confidant to tell me what the economy is doing and where it’s going next, says people should cut all their extra expenses and brace for recession or even depression NOW.
In a recent conversation, he confirmed what I have been saying about Trump’s insane tariffism all along: it’s a recipe for complete economic failure. He explained that America has totally thrived under global trade, prices have remained somewhat affordable, and small businesses have been able to compete due to low import prices, but all of that is gone now.
He said the consequences of Trump’s tariffism are not fully seen yet because companies stocked up on inventory when Trump first announced tariffs, but as soon as that inventory is gone, product supply is going to be greatly reduced, and prices will soar. Worse, even if the tariffs are relaxed, it will take months, potentially even years, to restart the supply chain.
While I don’t have the same deep economic experience my friend has, all of my own independent research and analysis have yielded the same prediction. it’s actually common sense because there’s no way that corporations can absorb $300 billion a year in tariff losses and still remain afloat without massive negative impacts to their business model and the overall economy.
Trump and his team would have us believe that global trade is a horrible thing, and “globalists” are the enemies of America. But that’s not true. Global trade has been a wonderful thing for America for decades. The horrible thing is greed on the part of billionaires around the globe who are fleecing the vast majority of the people for their own selfish gain and enrichment, and that includes Trump and his friends at the very top of the food chain in America.
Some people will claim this view is anti-American, but it is not. The greatness of America is in its diversity. Diversity of thought, diversity of people, and diversity of products which have led to incredible product choice and product innovation. Without global competition, American product innovation would be nothing. Even the muscle cars of the earlier years were in constant competition with their counterpart over overseas to make the fastest and best car.
All that withstanding, hard times are coming because Trump is completely dismantling global trade and in the process dismantling all the companies that are reliant on it, including Ford, which just reported they will lose $2.5 billion in tariff fees this year alone. As much as they would love to make everything in America, it’s not entirely economically feasible, and forcing them to is the stuff of tyranny.
Whatever happened to free trade? Whatever happened to the free market? Aren’t libertarian republican types supposed to protect these values rather than tear them down? The answer is yes. The problem is we don’t have libertarian Republican types in Office. We have economic totalitarians in office. And all of us are going to pay severely for it.
So now is the time to cut all your extra expenses, start saving your money, embrace for economic impact, because it’s coming, whether we like it or not.
Then again a lot of people are already doing just that. Vegas reports almost 15% decline and tourism. American tourism is down 15%. Theme park tickets are down 15% or more. Entertainment venues are down 15% or more. Luxury and convenience item purchases are drastically decreasing. clearly people are already pennypinching and getting ready for a huge downturn. Word to the wise.
