By: Gary D. Barnett
Hello all. I just wanted to update what has been happening this past week, as it caused me to use an inordinate amount of time on other things, so I have been a bit lax in my postings.
My Proton account was inadvertently deleted, I lost emails, and had to switch everything temporarily to another platform. This just got fixed (I hope) this morning, so all should be working as normal.
In addition, I was out of town briefly due to personal business and family, so these past few days have been sparse to say the least.
In the meantime, the tariff fiasco continues, more like a yoyo than anything else. Here is the note I posted yesterday on my Substack page, for those who did not see it:
“It must be another tariff turnaround, (capitulation)or is it? Trump issues (arbitrarily) 145% tariffs on certain Chinese goods, and China reciprocates with 125% tariffs on certain U.S. goods; but wait, in secret over the weekend, all that is put aside, and voila, U.S. markets go straight up. The blue team will call Trump a backslider, and the red team (Trump’s chimps) will claim that this was his plan all along, but alas, neither side is to be believed.
So Trump and Xi Jinping jetted off (maybe Trump got to fly in his new presidential palatial luxury jet given to him by a foreign country) to enjoy a Swiss weekend in order to fix the economic disaster they both created, especially Trump, and decided to “de-escalate” their so-called trade war. This just in time for the opening bell of the U.S. stock exchanges, sending stocks much higher. The bottom line is that this ‘deal’ is just a 90 day reprieve, all meant to soothe the markets, allowing both of these vile politicians to claim victory, while still raking in massive amounts of money on the continued tariffs, albeit at a lower rate of theft.
Consumers are harmed by all tariffs, (taxes) and that will not change due to this deal, but Trump will still crow at his ‘mastery’ of the ‘deal.’ My take is that this is just another bait and switch maneuver, and who knows what will come next? There are still tariffs on all goods coming into this country, and all that goes from your pocketbooks directly to this government. Prices will still be higher, the so-called U.S. debt will still rise, and has already gone up by $1.3 trillion just since Trump took office, and no one can be certain what will take place over the next 90 days.
The details of this ‘deal’ have not been released, but you can rest assured that this was plotted out long before this weekend holiday in Switzerland. My guess; the doltish Trump supporters will crow loudly over Trump’s ‘expertise’ in these negotiations, claiming he knew what he was doing all along, while his detractors on the other side of the isle will stand down temporarily, until they attempt to figure out the real plan. Regardless consumers in the U.S. and China, as always, will both lose, this the “art of the deal” every time Trump is involved.
Up, down; up, down, and the next ‘deal’ lies in wait, as the coming digital takeover and surveillance of all of you goes forward unabated.”
Thanks to all of my Substack subscribers for your continued support, as your efforts are what allows me to continue writing. I truly appreciate all your assistance, and look forward to monitoring all the insanity that now consumes this country.
My best to all!
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