Posted on 04/09/2025 7:11:24 AM PDT by delta7
COMMENT: The media including the financial media really going crazy with this Trump Tariff thing – as if the market wasn’t due for a pull back.
REPLY: We had forecast that we would see a correction by April last year. I answered plenty of questions on various podcasts about whether this would be a big crash and the end of the bull market. I consistently warned that such a scenario was absurd, for that implied the classic flight to quality being government debt.
Facing a global sovereign debt crisis, I warned that it was just not realistic. The press has latched onto this normal correction and is deliberately trying to crash the market with constant claims that tariffs will destroy the world economy.
This is the very same political scheme they used in 1932 to blame tariffs on Hoover and the Republicans to win the 1932 election. It was a total lie and a fabrication of history. We are witnessing the attempted coup of Trump by deliberately trying to force the stock market down in a desperate attempt to turn the Republicans against Trump and stop his entire agenda of ending the Democrats’ feeding trough for corruption. I was stunned by the conversation I had yesterday and a deliberate media attempted coup.
Tariffs do not cause a DEPRESSION, no matter how much the media is selling that story now, just as the Democrats did in 1932 to get FDR elected. They also failed to protect any country from the effects of the worldwide depression at the time.
Between 1925 and 1929, there were 33 general revisions or substantial tariff changes, nearly all of which raised tariffs. These included 26 European nations and 17 republics of Latin America. In 1927 and 1928, Australia, Canada, and New Zealand increased and expanded the scope of their tariffs. In Asia, China, Persia, and Siam also raised tariffs during the period. This was all before the 1929 Crash, which the history books omitted along with the 1931 Sovereign Defaults…..
….. The entire Tariff Issue of the 1930s was indeed just political. The Democrats used it to beat the Republicans over the head and pretended that the Tariffs caused the Great Depression. Today, we have the media, which hates Trump as they all tried so hard to defeat him, now they are deliberately blaming tariffs all over again for a normal correction that many kept calling for a major crash before tariffs.
2008 all over again?
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Worse ( depending which side you are on). Pull up the charts for Gold during that time….Gold exploded. What makes it worse this next event, all the Central Banks have been buying Gold in historical tonnages…..they seem to know what is coming.
The best part, if/ when Gold is revalued, the new “ floor” will be at least todays minimum price of 3,000 t/oz….does anyone think the entire world’s Central Banks will allow the price to drop? The PM market manipulation is over….as we are witnessing …..the US Comex and LBMA is being drained with record amounts of those “ standing for delivery”….the LBMA has issued alerts stating deliveries are now at “ T plus eight weeks”….contracts used to be T plus 1 ( day)….
They are technically in Default.
When you look at graphs of many (not all) stocks over the past few years, it becomes apparent that the recent drops have just sliced off a bubble. Those were not just paper gains for the recent buyers, but for long term investors the recent losses gave back the effect of other peoples’ excessive exuberance. The market gods will probably shave off 5-10% of actual value before hitting bottom.
Re: 32 - but he’s OUR convicted felon!
IATG
“TeslaGator”
Interesting how things turn around.
Now Musk is a HERO!
Except most Trump supporters are savvy investors, and are taking advantage of this "crash" to buy stocks while they are on sale.
The stock market always goes up.
Thank you Mr President!
I picked up LMT, and BA of all things yesterday. We’re going to war.
I did the same yesterday… a few thou from savings into stocks.
Soros should have gone horizontal subterranean years ago.
“TeslaGator”
:)
“Chuck, I’m starting to think you’re getting a piece of the action with the government fraud. But no, that couldn’t possibly be the reason, could it?” Musk posted early Tuesday morning.
https://freerepublic.com/focus/f-news/4309949/posts
DJIA JAN 5 2022 36,722
DJIA JAN 24 2022 34,070 (down 2722 points in 3 weeks)
DJIA FEB 10 2022 35,630
DJIA FEB 24 2022 32,830 (down 2800 points in two weeks)
DJIA MAY 5 2022 33,854
DJIA MAY 12 2022 31,699 (down 2155 points in one week)
DJIA JUN 9 2022 33,087
DJIA JUN 17 2022 29,912 (down 3175 points in one week, and down 6810 points in 5 months)
And all we ever heard was Janet Yellen telling us that we weren't smart enough to realize what a great economy we had at that time, with those two quarters of negative growth, and those 4 major DJIA collapses in just 6 months... and the media pushing that narrative as well.
And by the way, while the DJIA's recent fall from 45,037 on JAN 31 to 37535 yesterday is a drop of 18.03%.... Biden's drop from JAN 5 to JUN 17 2022 was 18.53%... but you'll never hear it from CNN.
Funny, I just dumped BA (it was a laggard)...but I bought more S&P index. Tesla has me scratching my head.
I had jumped out of some managed funds into the money market during the vegetable administration, so I had some cash "for a rainy day".
I don't know about "going to war"...but I'll bet we'll be building a lot of gear and "delivery systems".
Agreed. I'm thinking Hesgeth and Trump were serious about their military rebuilding plans the other day. And there are enough bought congress critters to go along with the spending.
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