Tariffs

 The image and text below is from Education Dojo Daily

Tariff Panic

Before you join the media-driven market panic on tariffs, keep in mind the same kind of “Trump will crash the economy!!!!” bullshit happened in 2018, knocking down the market about as much as its down now, only to recover and then advance an additonal 28 percent in 2019. The market even advanced over 16 percent in the Covid-driven hysteria of 2020, although most of that gain was a result of money printing.

Superior long-term investors love these kind of drops in the market since it creates major bargains. These pay off when the hysteria dies down and people realize that the world isn’t going to end, despite the media’s 10 millionth time telling us “No, REALLY, it’s bad THIS TIME! PANIC!!!!” Warren Buffett, for example, has stockpiled over $330 billion cash in his company, Berkshire Hathaway. Now he can feast just like he did in the 2008 financial crisis and the 2020 Covid panic.

Still, there will no doubt be some short-term pain. I see two big risks with Trump’s strategy. First, it’s possible China, the EU, Canada, Mexico, and others will join forces to launch a coordinated retaliation. Any one of them by themselves has very little leverage again America since the trade gaps and economy sizes are so wide. However, if the globalist leaders in all countries meet and work out a combined attack plan, it could hurt. But even it that happens, the pain for both sides would be equally shared. Trump is all out of f*cks to give, so I would bet he’s willing to hold out longer than any of our trading partners.

The second big risk is labor. We have nearly everything we need to thrive within America, and the Trump tariffs incentivize companies to move facilities to the U.S., so all that new activity should create jobs galore. Combine all the new jobs with the deportation efforts and the labor supply could run dry quickly. We already have a labor shortage in America, so it could get bad in the short term. However, all the laid-off government workers will need to work somewhere, and Trump is on board with offering legal immigrant work visas, so I don’t think this will be a long-term problem.

Add it all up and you’re talking about a major restructing of America’s and the world economy. It is mind-blowing just how much other countries have been screwing us on tariffs and unfair trade practices. Only America-last, gutless, globalist presidents would let it get this bad, which is exactly what we’ve had for most of the last 40 years. My guess is there will be more pain short-term, and Trump won’t get all he wants. However, after a little suffering, world leaders will get together to hammer out some better deals. Although America will still continue to be screwed, it will be far less so than when Trump began his 2nd term. Improvements will be incremental. It will take decades to fix the damage done by the DC swamp.

The best tariff rate is 0 percent…for all countries! However, expect the media to do everything they can to bury the truth about tariffs and unfair trade practices used by other countries. Half of citizens will continue to live in the dark thinking foreign governments all charge America nothing and that evil Trump just decided for the hell of it to launch an unjustified trade war.

BTW, one more reminder: Biden policies drove the stock market down over 20 percent in 2022 at a time when Covid bullshit was subsiding, meaning recovery should have been running full throttle. Do you remember the same media hysteria? Of course not–that was transitional! Trump policies aren’t transitional, they’re ending the world!!!! You can’t hate the media enough!