james white NorthWest Liberty News January 28, 2019 What would you say if I told you that almost everything you think you know to be true is
The month of October has historically been the worst month by far for the U.S. stock market, and it has also been the month when our most famous stock market crashes have taken place.
Those of us who support real free trade must not let supporters of the USMCA get away with claiming the USMCA has anything to do with free trade. We must also fight the forces of protectionism that are threatening to start a destructive trade war. Also, we must work to stop the government from trying to control our economic activities through regulations, taxes, and (most importantly) control of the currency through central banking and legal tender laws.
There is no possible way that our debt bubble can continue to grow much faster than the overall economy indefinitely. In fact, we have already been defying the laws of economics for way too long.
In a recent move, the Communist country has elected to cut tariffs on imports that come from anywhere other than the United States.
The Trump administration’s insistence on a trade war will affect three items the most. Americans will be footing the bill for president Donald Trump’s trade war and tariffs, and vacuums, tires, and computer parts will be the items hit the hardest.
It would take an unprecedented effort to turn things around, but right now hardly anyone seems concerned about bringing all of this debt under control. So we continue to roll on toward our date with financial disaster, and most people are completely oblivious to what is about to happen to us.
Our day of reckoning may have been delayed, but it was not canceled. America has a date with destiny, and it is going to be exceedingly painful.
We haven’t seen emerging market currencies crash like this in over a decade, and analysts are warning that if this continues we could witness a devastating global debt crisis.
Many middle class families are relying on debt to get them from month to month, and consumer debt in the United States has surged to an all-time high. But eventually a day of reckoning comes, and we all understand that.