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All because of tariffs but it pushes the price of physical metals up gold silver copper platinum
That theory doesn’t hold water. Trump had the same tariffs in his first term and gold only increased 20% in his first 3 years (2017,2018,2019) but it has gone up 37% in the last 3 years. How do you explain that when he wasn’t in office?
George, according to your videos, everything is going to cause a recession.
You’ll be right eventually. Probably.
Considering how long it will take for domestic manufacturing to be profitable while being trapped in tariffs, it is more of a matter how long a recession will be.
one thing you can say for sure, is that we are closer to a recession
I’m not running a business but if I were I would sure be wanting a stable economic environment to make long term plans. As a retired person I also am pulling back spending due to all the unknowns in SS and Medicare as well as the continuing increases in prices. Looks to me like all the Trump Tariff chaos is the cause of the current Economic problems.
Agreed. The tariffs are upsetting the economic environment as well as having trade cat fights out in the open is more like grandstanding than having serious policy talks.
You’re right. It has nothing to do with the 10 trillion dollars injected into the economy. Cut it all. Nobody is taking your SS or obamacare
What is happening to SS and Medicare isn’t an “unknown” – they are going away. I hope you can live without them.
Wow, editor working hard on this video.
So many popups. 😃💬
Notwithstanding the oversimplification of it all, your summary is correct on two fronts:
1. Regardless of who would be president right now, we would still be facing a recession.
2. Trump is indeed making the recession worse.
But also worth mentioning or even discussing is how this is by design – the unpredictability that is resulting from him, benefits his benefactors. It leads to a flood of bankruptcies which in-turn results in his benefactors buying those companies. Trumps philosophy is that privatization is always good, it’s why he demonizes every facet of government to sow distrust in the people, and then by tanking the economy allows for his allies to swoop in and buy these companies and consolidate power.
It’s not a new idea, it’s nothing revolutionary in itself, what is revolutionary is how he has managed to convince half the country that it’s a good thing.
Another fact worth discussing is longer-term effects of tariffs (or threat thereof so long as prices adjust (rise)) – once a company raises prices on a good or service, they are under no obligation to then lower the cost back to what it was prior to the threat of tariffs that led to the original increase of the price. They realize that consumers will continue to purchase due to price or demand inelasticity. So even if tariffs are removed and the cost of importing the item decreases, companies will not be obliged to lower the price because they are now receiving a premium from us consumers.
Tariffs result in permanent price increases that harm all but the wealthy in this country.
This is what Trump supporters voted for.
yep that’s who i voted for, not christsciple’s speculation.
President Trump denied both Hildebeast and Camel-uh the White House for probably 2 terms, each.
That alone places him in the Pantheon of Great American Presidents! MAGA, baby!
As an average Joe, my retirement and savings account did great with Trump tariffs during his first term so I’m not overly pessimistic about this round.
Apparently you didn’t watch the whole video. We were headed into a recession regardless of who was in office. But yes we voted to shut down socialism and woke policies. What a refreshing time in regards to that massive weight of DEI bullsh*t and censorship
If Trump dismantles globalism that is a huge win anyway. Short term pain for long term gain. And for the liberals only crying remains.
Here is a thought I had about interest rates. If there are nothing good to invest money in, people keep their money. Interest rates gets dropped to stimulates people to put their money into mediokre investments.
In a sense, an economy that can run on high interest rates has lots of good investments. If it is forced to drop rates it is because there are little investments that makes sense.
Thanks George for keep up awesome content!
I came to the Lord asking for his blessings as a single mom because raising my son (Joel) was an act of courage despite all the challenges. And the Lord answered my prayers with a benefiting income of $31,000 every month. To God be the glory. Joel is in school and life’s been fair lately.
Congratulations!! The scriptures clearly
states there’s going a transference of the
riches of the heathen to the righteous.God
keep blessings you
But how do you make so much in a month? mind sharing?
Thanks to Jessica Layne Brandt
Really feel your pain, when I was even almost down my God sent to me Jessica Layne Brandt services cryp to me and changed the game automatically
I’ve always wanted to be involved for a long time but the volatility in the price has been very confusing to me. Although I have watched a lot of YouTube videos about it but I still find it hard to understand.
The recession was coming- regardless.
FJB made sure of that.
Regardless of the president who crashed the markets? hehehe
Recession?! That is a given. The real question is whether agent orange will cause a depression.
FJB insured there will be a depression.
Talk about fear mongering
Not necessarily, when most think it so, it rarely is.
Between Fauchi, Trump the first time, Powell and the past few weeks of chaos it’s slow but sure. Two years to flatten the curve. Businesses die with a long and variable lag.
Add trade war and allies walking away from US military industry to it, great-Trump-depression it will be for sure
No mention of all the Federal government layoffs. That definitely doesn’t help demand.
We are overdue for massive corrections
We are already in a recession since last year.
We didn’t have any negative GDP quarters last year… how are you defining a recession?
@@misternobody9801
Bro, it’s John Wick. Don’t question him!!
🤦🏿♂️
If a recession does happen, can we call it a Trump Dump?
How is FOX, the largest cable news channel in the world, not ‘mainstream’ media?
Too many boomers still watch ABC to this day
He implied that it is, it’s just the only one that isn’t giving trump negative coverage right now
Good presentation and spot on with regard to an incipient recession prior to the Nov election. Historically high deficit/GDP spending 14.7% in 2020, 11.5% in 2020, and 5.3-6.3% in the follow-on years have keep the ship afloat and unemployment numbers down. Trump deserves to own this with his chaotic policies and strange fiscal math.
Who drew trump? Thats a level above georges artistry skill
Such a relief to know that the tariffs on tariffs off insanity is only a contributing factor.
With so many opposing variables, it looks like sentiment will tip the scale and yet still lands near the middle
Once markets really grasp that Trump is serious about tariffs, it’s going to hit hard. If the US cuts itself off from global trade, that isolationism is going to send shockwaves
Yeah, exactly. Investors won’t sit quietly. Once they sense the long term impact of these tariffs, I wouldn’t be surprised if we see a significant market downturn
People are underestimating the ripple effect. Companies that rely on imports or exports will take a hit. We could see a chain reaction affecting everything from tech to manufacturing
The volatility is going to be rough. Honestly, this is where a financial advisor comes into play. I brought one on board when the markets were getting unpredictable, and it was one of the best decisions I made. Helped me navigate these fluctuations and build a strategy that kept me steady
Mind if I ask you to recommend this particular coach you using their service? Seems you’ve figured it all out.
Sure! Her name is SHARON ANN MENY can’t divulge much. Most likely, the internet should have her basic info, you can research if you like