fbpx

The Next Recession Will Be The Last!

The Deep State Is Preparing Their CHECKMATE Move
You Must Be Ready To Go On The Attack!
DOWNLOAD THE ULTIMATE RESET GUIDE NOW!

STOCKS PLUNGE As Trade War Rhetoric Intensifies

Mac Slavo
May 8th, 2019
SHTFplan.com
Comments (4) Read by 731 people

The stock market plunged yesterday amid fears of a renewed and intense trade war with China. After months of the “calm before the storm,” United States equity markets dropped sharply on Tuesday as traders prepared for an escalation of the U.S.-China trade war complete with more tariffs (taxes on the American consumer).

Tariffs are taxes on imported goods and as we’ve repeatedly reported, the “end user” (in this case, the American consumer) pays them in the form of higher costs. Just because you haven’t seen a separate line item on a receipt that says “tariff” doesn’t mean you haven’t been paying for Donald Trump’s ridiculous and economically destructive trade war.

Financial Experts Warn: Americans WILL Pay The Cost Of A Trade War

Mainstream media outlets often loathe the trade war, not because it increases costs for the average American or gives the government more power to steal the money of the public, but simply because Donald Trump is starting it.  But there are real tangible reasons to oppose the trade war and the suggested 25% tariffs on imported Chinese goods.

According to Business Insider, world equity and oil markets slumped Tuesday and the stock market’s “fear gauge,” known as the VIX, spiked after the US president on Monday threatened to raise tariffs on $200 billion worth of Chinese goods to 25% from 10% and slap new 25% tariffs on $325 billion worth of Chinese goods.

Two of the stocks caught in the crossfire were AMD and Nvidia. Both stocks fell by about 3%, as China is an important gaming market for the chipmakers. Shares in L Brands also slid 5% — the owner of Victoria’s Secret and PINK described China as “an extremely important market” in April. Similarly, Aristan Network fell 4% as the cloud-networking group flagged that US tariffs on Chinese imports could increase its costs and reduce its sales in its latest earnings report. –Business Insider

US Trade Representative Robert Lighthizer confirmed Trump’s threat from a day earlier. On Monday, Lighthizer said that the tariff increase was set to take effect Friday at 12:01 a.m. ET. “One cannot but sense that Mr. Trump is playing us a little,” said Neil Wilson, the chief market analyst for Markets.com. “He may well be making a deal seem further away in order to make the achievement seem all the more impressive when it comes.” Either way, Trump’s political posturing (if that’s what it really was) has been seen in the stock market’s fall.

“Over the course of the last week or so we have seen … an erosion in commitments by China,” Lighthizer told reporters, according to Reuters. “That, in our view, is unacceptable. We’re not breaking off talks at this point,” he added, saying, however, that for now, “come Friday there will be tariffs in place.”

The only way to really protect yourself from tariffs is to decrease consumerism.  This is a difficult task for a majority of Americans, as many live off their credit cards and the newest and greatest things. But in order to not pay for Trump’s trade war, you’ll have to stop buying things.  But this has the added benefit of helping save money, so if you don’t need the item, it could be a net win for you!

 “The underlying message isn’t to stop buying—it’s to remember, always, that the best things in life aren’t things.” – book description; Jon De Graaf, author of Affluenza: How Overconsumption Is Killing Us and How to Fight Back

President Trump is Breaking Down the Neck of the Federal Reserve!

He wants zero rates and QE4!

You must prepare for the financial reset

We are running out of time

Download the Ultimate Reset Guide Now!

The Finger is on the Nuke Button | Future Money Trends

Author: Mac Slavo
Views: Read by 731 people
Date: May 8th, 2019
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

CBD Oils, Isolates, Supplements And Information

4 Comments...

Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
  1. The Deplorable Renegade says:

    I’ve been hearing this since 2008. HO HUM, back to sleep.

  2. Jim in Va. says:

    Its a chess game,requires patience and time.

  3. Anonymous says:

    Does this need to happen yes.
    Does this need to happen facing into a recession that’s about to hit anyway?

    Good question?
    I mean… it does have a force multiplier effect but unfortunately this isn’t a directed weapon, it’s like setting a grenade off in a room with both parties in it…
    Then again yes, I’ve known our Chinese suppliers to play this game.
    Usually what works is having 4 sources available and playing them off against each other. It’s not comfy but it’s not horrible and it does work.
    Maybe we need 3 more Chinas lol.
    I don’t know how you re-start manufacturing in the US without either paying slave wages (or no wages… which kind of renders half the endeavor entirely useless), or… this.
    But I am personally going to take this one right in the face full force. And it’s exceptionally bad timing for me.

Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Commenting Policy:

Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn't immediately available. We're not trying to censor you, the system just wants to make sure you're not a robot posting random spam.

This web site thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.