Post by
FastTrade on Nov 07, 2024 8:29pm
Americans are going to have a tough time
affording to buy everything they were able to previously.
With Trump hell bent on bringing back manufacturing through tarrifs, his MAGA movement will disappear under the waves like a vessel full of holes.
Few companies will ever return to US soil no matter how high he raises tarriffs to get consumers to stop buying foreign goods and to try and force the offshore manufacturers out of business to return and produce at home.
They will find other markets to sell to and Americans will suffer high prices and shortages.
Those who do return to US soil will be forced to transact their goods at elevated prices anyway as labour costs aren't cheap.
Tariffs are a recipe for disaster that will push prices of goods ever higher, spurring the government to create yet more inflation.
Spending again what it doesn't have to spend adding to/ballooning the national debt, leaving the Fed with no choice but to monetize ever more new mountains of it.
Likewise putting as it were - inflation in the pipeline that will culminate in consumers purchasing goods at elevated prices using credit to pay in order to keep going.
And the debt cycle only worsens.
Manufacturing costs, rising distributor, food and retail prices being called inflation is a glaring falsehood perpetrated by government/s to put the blame of inflation on somebody elses shoulders but their own. They who in fact - are the sole creators of inflation through government spending.
And with the Fed monetizing the debt (printing) - that in turn works its way into the system down to the consumer forced to use credit to get by - where all that printed and borrowed money is being spent that is not backed by much of any production being the culprit in pushing up costs that subsequently - lead to higher consumer prices. The embodiment of inflation overall.
Soon enough there will be rampant runaway inflation going beyond stagflation and into an inflationary depression quagmire.
But the government lies and its all's well.
Its not.
In real terms, its a weak economy growing weaker.
Gold - not Trump Tariffs, will be the savior with the inflation that is about to bleed non stop into the mainstream.
Comment by
NineLives on Nov 08, 2024 12:09am
All good FastTrade, sometimes the message does get lost in the narrative, we're all guilty of that.
Comment by
aldarion8484 on Nov 08, 2024 4:20pm
"It's quite amusing that history continues to repeat itself until it no longer can." That is worth quoting. A very good point. Cycles do seem to repeat themselves over and over the US.
Comment by
MarcusA on Nov 08, 2024 8:12am
TeckPro, you have contributed a lot to the topic of this board. Why don't you keep it that way?
Comment by
cskhurasu on Nov 08, 2024 5:43pm
An 89 cent weekly close on very low volume is very sobering and a direct rejection of KK's message of the last few weeks which frankly deserved a better response. Perhaps the ATM brought in some dollars for next year's program while the stock was flying on better volumes?
Comment by
Stockmoves1 on Nov 08, 2024 8:29pm
I believe it did and I wondered at times if that isn't what capped the stock / sucks no matter how you go about it // PP or no PP / ATM not much different / i believe I did see ATM sales
Comment by
TeckPro on Nov 08, 2024 5:40pm
Thanks MarcusA, I agree and will do my best to ignore future Political gibberage. Have a Great Weekend! Cheers TP