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We are on the Verge of Economic Catastrophe

 
 
 
So I have an investment I'm keeping a close eye on. Then I see it drop suddenly... but relieved as it was in line with the DOW. Wait... WTF?

Oh... Trump... again...

article said:
"Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China," Trump wrote on Friday.

"I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so," he added.

"One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America," he said in the post.
Click to expand...
 
Jimmy Higgins said:
So I have an investment I'm keeping a close eye on. Then I see it drop suddenly... but relieved as it was in line with the DOW. Wait... WTF?

Oh... Trump... again...

article said:
"Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China," Trump wrote on Friday.

"I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so," he added.

"One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America," he said in the post.
Click to expand...
Click to expand...
Right after he said that, the DOW dropped by 500 points, but no worries, it's only down 495 as of this minute.
 
Down over 1100 as of now. I wonder if this article had anything to do with it.


So half the country is in a recession basically. California and New York are keeping us afloat but the contagion could spread. Given China’s decision on rare earths it likely will, and significantly. Note the dumb ass response from Trump. “Gee, they’re going to cut us over for me trying to cut them over. I wasn’t expecting that.” Moron.
 
One more additional article.


The government shutdown is impacting the economy already and creating a huge wave of uncertainty - especially for farmers, a key republican constituency. The rising health insurance premium letters start arriving this month. It’s going to have a hugely negative impact. Even MTG is on the dem side of that issue. Air traffic delays are also going to hit the economy. Additionally the failure to pay federal workers and the military will likely also create downstream pressure on the economy. I expect Trump will cave on the shut down over the long weekend. He just won’t call it that.
 
María Corina Machado was awarded the Nobel Peace Prize yesterday and dedicated her Prize to the Incomparable Donald Trump. But apparently she didn't actually present the precious-medal medallion as a gift to Der Heilige Führer. Naturally this threw the Great One into a tantrum. The on-again off-again 100% tariffs against China are on again. (One can hope D.H.F. Truthed a coded message to loyal American insiders first.) Reacting to the Holy Tantrum, the stock market plunged to levels not seen since September. Thank God this ferocious carnage happened on a Friday: Will the Truths and Tweets become sweeter by Tuesday?

What will the future hold? Nvidia plummeted to $179 in after-hours trading -- a price also not seen since September -- but clawed back a few pennies. (Nvidia still has a price-to-sales ratio near 30, compared with, say 2.3 for Pfizer. Nvidia's market cap exceeds the total market cap of the entire pharmaceutical industry.) The indices SPY and QQQ, and even the Holy Bitcoin have also plummeted to levels not seen since September. VIX has soared to 22 -- is it too late for me to buy Puts?

The price of gold has collapsed. After briefly touching the record $130½ per gram the metal nose-dived down to $127, a price not seen since Wednesday! (It has since recovered to $129: A "dead-cat bounce"?) (Thai gold shops are still quoting the Gold Baht at ฿62050 but that's because Thai's paper baht, like other assets, is falling. Silver has also plummeted. Realizing that the record $51 per ounce was exuberant, the bulls have become bears and are desperately liquidating their silver at the bargain-basement price of $50. Paper Benjamins remain the Refuge of Fear.

For perspective on the plunge in gold price from $130½ to just $127, note that this is a 500% fall when calibrated against the statutory price of 66½¢ per gram. (Yes, 66½ CENTS per gram, the price set in stone by Sir Isaac Newton Master of the Mint and which prevailed for over two centuries until the Crime of the Millennium when FDR and the other Demoncrats stole all of American's gold at gunpoint in 1933.) [/sarcasm]
 
2025

Dow Jones up 8% since start of year.
Gold up 58% since the start of the year.
Bitcoin up 23%, though flat since July (also when Trump's DJT bought into it, which means Bitcoin is doomed).

Investments, hedges on investments, fake money. What isn't making money right now?

Well, the US Dollar is down 15% to the Euro. But i'm certain that isn't important.
 
So last week, TACO, Trump Always Chickens Out, managed to do so again in response to China’s rare earth clamp down. A lot of people are having trouble figuring out Trump’s moves, but in reality they’re based on his own financials. First, he called China evil, said they were planning this for a long time, and promised 100% tariffs on them. A day later, he was sucking up to Xi. Actually called him “highly respected” Xi. Why the change of heart? Was it because he realized such a trade war would be bad for the economy? No. He’s not that smart. The real reason is in the chart below.

IMG_8235.webp

Trump has something like $850 million in Trump coin. As you can see its value plummeted on Friday, and Trump initially stood to lose almost $300 million +/- . Now he’s down only maybe $100 million. That’s why he punted. Trump coin is tied to him. His popularity goes up, so does his coin. It’s utter corruption of the highest order.
 
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