The stock market is moving up to 8-9% up and down daily. The
volatility is stomach churning.
The primary concern is tariffs. It is uncertain if China will
agree to a fair trade deal.
China exports five times more to the US than the US exports to
China. Tariffs affect China far more than the US. They are at a
significant disadvantage.
Globalist free trade proponents promised they following:
1. Free trade would lead to fair trade policies. Nations would
follow the rules to remain trading partners.
2. Oppressive regimes would become more democratic.
3. Low income, unskilled workers would create a robust middle
class worldwide due to free trade.
4. The US would lose manufacturing jobs but there would be
plenty of opportunities in the new economy.
The globalist free trade advocates were horribly wrong.
1. China is famous for not following the rules, cheating, and
stealing technology.
2. China is still communist and is more oppressive than a few
decades ago.
3. Slave labor wages are still common around the world. A
middle class does not exist in many countries.
4. Most Americans who lost manufacturing jobs never learned
how to code. An entire region is known as the "Rust Belt".
The American people never voted for this. Globalist free trade
was foisted on us by a class of self-proclaimed elites.
Independence is a founding principle of our country. A country
that cannot produce what it needs is not independent.
America cannot produce many of the things it invented. We are
no longer self-reliant.
The globalist free trade advocates were so wrong it is
surprising anyone still listens to them.
The top 10% own 88% of stocks in the US.
The next 40% own 12% of stocks.
The bottom 50% have debt.
Lower energy prices benefit everyone. Cheaper gas impacts most
Americans far more than a higher stock market.
The Trump
administration is changing decades of tariff
policy. The transition will be volatile. If the current
administration is successful, the long-term benefit for the
US will be tremendous.
I believe we are in for a chaotic year and a
bumpy economic ride this year. It would be wise to protect your
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