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.
Exactly. It’s going to be all right, but it’ll be bumpy. I sold an extra car I had a few weeks ago just to have cash to “buy the dip” and I’m glad I did.
Lawfare, newsfare, stock fare, they are all a plan to destroy Trump!
They’re a bunch of panicked-RATS!
“..Lawfare, newsfare, stock fare, they are all a plan to destroy Trump!...”
Follow the money trail, and it likely all leads right back to Georgie Porgie Puddin’ & Pie Sorass. America needs to shed itself of that POS and his vile spawn....
yep, it’s all the media’s fault.
Sadly, there are fidiots who will fall for the goebbles BS. Fixing this many years of getting screwed will take more than 3 months.
They are all corrupt. They’re all on the Chinese-Money take.
>> Fixing this many years of getting screwed will take more than 3 months.
^^^^^^^^ THIS. Patient persistence is necessary!! ^^^^^^^^^
REPLY: We had forecast that we would see a correction by April last year.LOL Last year your Socrates forecast something.
Of course the media will do anything to get Trump including trying to crash the stock market . This is the same media that whipped up the COVID hysteria and pandemic panic that ushered in a deliberate wrecking of not only or economy but also shut down schools leaving a generation of kids with psychological trauma from a year social isolation as well as losing a year of education.
What concerns me more is squishy Republicans who cannot see the long term good of this tariff shake up and are buying the media panic and the rhetoric economic doomsayers.
The global melt down over a TINY US import tariff is astonishing . Does anyone have any sense of perspective. The first year (May - Dec) of the new tariff may bring in $300 billion at most. So why is the word melting down over a measly $300 billion?
I wish someone would explain that?
Who is Armstrong?
Old Media has one purpose, get Democrats elected.
The stock market is fine. Stop listening to Mark Cuban. It has been over valued for the last 3 1/2 years. Calm down .
BTTT
All I see and hear every day is “recession, Recession”. When Joe was in office destroying us, they crowed every day “No recession, no recession”. What a bunch of traitors.
Deep State not giving up
You are a holder of Bitcoin I assume? Reading to much BitcoinTalk forums?
I check in there now and then, their “ forecasts” for Bitcoin are a hoot. I prefer to read Socrates forecasts instead, his detailed ECM forecasts ( which one must learn how to read) has served me well for two decades. FYI, Armstrong’s second movie is getting close to release, be sure to watch it.
To each his own.
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