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Showing posts with the label World Economy

Is Trump Intentionally Destroying America’s Economy?

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Op-ed by TheWiseOldFart The word is “tariffs.” Few people understand them, and the definition is incomplete. “A tariff is a form of tax imposed on imported goods or services. Tariffs are a common element in international trade The primary reasons for imposing tariffs include (1) the reduction in the importation of goods and services by increasing their prices and (2) the protection of domestic producers.” The last time a President of the United States applied tariffs to all imported commodities was after the Stock Market crashed, and the economy nosedived and the Great Depression began in 1930. Herbert Hoover was warned about the dangers of such a drastic decision, but he refused to listen to more than 1,000 respected economists. As expected, Hoover’s actions negatively affected the world’s economy. Trump inherited an economy in full recovery. Biden was the most successful president since Bill Clinton with the establishment of a fiscal policy which proves to be beneficial for everyone....

How Much Longer Will World Leaders Put Up With Trump’s Schoolyard Bully Bullshit?

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Trump is one, old, obese, arrogant, ignorant man who enjoys playing the role of a schoolyard bully. He is attempting to control the world’s economy with tariffs. The last time this was done by an American President the Great Depression was extended. My question is: “why are world leaders allowing him to act in such a childish and moronic manner which could destroy the economies of every nation in the world?” Fear is the word of the year and fear is the intent of Trump and his lifelong handler. Courage and the truth will always defeat fear and doubt, but courage is lacking in the 21st century. Evil leaders including Vladimir Putin, Mohammad bin Salman, and Recep Tayyip Erdogan are willing to do anything, including killing their enemies to remain in power. If you think that a deranged and mentally ill man who is once again defiling our White House would not do the same, you are choosing ignorance over reality. For 78years, Trump has cared only about Trump. Caring and successful leaders o...