Of all the things Donald Trump wants to do tariffs are the worst idea. Giving a immediate rise in the price of goods for you the consumer. Our economy is in a shambles, falling apart right before our eyes. The Federal Reserve is trillions in debt, America is trillions in debt, the EU is trillions in debt and most likely the person reading this is in debt.
If President Trump enforces tariffs against the whole world then expect the price of goods to jump well above current prices. The shelves will not have as many choices. This is a bad idea.
I did not like his economic policies during his first term where he kept saying he wanted interest low. Yet knowing that we were moving further into debt. We need to get out of debt not go deeper into debt. Our government at every level cannot stop spending on things America does not need.
The average American consumer is on the brink of economic ruin, the nation is in economic ruin. The Federal Reserve is a complete FAILURE to the mandate they stated they would solve when created but in reality they are the problem. Creating bubble after bubble and now the "everything bubble" except of course for silver or gold. UM!
This economic bubble is so huge that a home that has simply been maintained is now worth 5 times more in fiat currency than it was in 1985, that alone shows you the failure of fiat US Dollars Federal Reserve Notes, debt notes, I.O.U. Notes. FAKE MONEY.
Daily I get calls to sell my house for fiat fake paper money. I think I should start saying yes if you pay in ounces of GOLD. How many ounces would that be?
Simply put what ever the price of the building, say $500,000 / $2,500 you are looking at 200 ounces of gold. This is the "analog asset" in a digital world said Dominic Frisby. And the ounces are still around. Yet the paper can be destroyed, the digital can disappear, but the gold is still here. Will the paper and digital still be around in 200 years? 50 years? 25 years? 10 years? "The book value is not the market value, but instead represents the total number of troy ounces multiplied by a value established by law ($42.222), set in 1973." from the US Treasury web site.
($42.22) per oz. Think about it.
So tariffs will hurt us as consumers. However the flow of hard drugs must be stopped. The single males crossing our border in the thousands must be stopped. Our debt crises must be resolved but not by creating higher prices for consumers and alienating ourselves into a corner. Free trade is crucial to a civilization.
Let us look and see if we do have the gold in Ft. Knox. Let us realize that gold is not fairly priced at $42.22 per ounce as declared by the US Treasury. Let us look at reality of our nation of the verge of collapse due to fiat paper currency that has nothing of value behind it other than a promise to pay and threats of prison.
But with gold you simply hand over your coin and take what your paid for. No credit. No debt attached, no I.O.U. note. It is yours free and clear. Yet, crypto pretends to be outside of the system even as it relies on the system to survive.