Month: December 2024

Trump Destroying the Economy Even BEFORE His Inauguration

It only took Donald Trump to speak recklessly about China that will have a very lasting effect on the United States economy in the immediate future and years to come. He could not wait to become president again and had to put down very serious foreign traders like China, Canada and Mexico and is in a  continuous war with his words. In a very ignorant move, he had to recklessly push his authority to state upcoming actions for China that he plans to tariff.  But before Trump could make good on his threats and just one week ago China has upgraded bans to the United States, prior to Trump having ANY authority to push bans on China.

This time, it’s about a specific mineral that is mined in China, that normally is exported to the United States. The name of the mineral is ANTIMONY. China has imposed 100% export restrictions of this critical mineral used in military equipment and civilian technologies. China controls 48% of global antimony output and supplies 63% of U.S. imports. All of this extremely important mineral can no longer be imported from China. The price of electronics will now skyrocket. Where can the United States find the 63% of this mineral needed to produce goods that we take for granted because they always have been available in abundance? The supply and demand rule will now really take effect. With products like microchips become scarce because we will not have enough of this mineral called antimony, the prices of existing products will go up.

The ban severely impacts U.S. defense capabilities since antimony is essential for armor-piercing ammunition, night vision goggles, and precision optics. The United States currently relies on imports for 83% of its antimony needs, with only 18% met through recycling. In response, companies like Perpetua Resources are working to develop domestic production capabilities and now the United States must look elsewhere for antimony.

This mineral is used in chip technology and is required to make computer chips. Computer products in the future will become scarce, and if you manage to find a computer you want to purchase, expect to pay a higher price. So, tell me because I’m having a hard time understanding why the American people believe that Trump is great for our economy. Trump has failed as our president even before he officially becomes our president.

I mentioned about the IPhone in another previous article. Where is the IPhone made, just guess? Yes, in CHINA. Woops, here comes a price increase to purchase an iPhone, and that’s if you will be able to find one, because I can now believe that the availability of them will be drastically decreased in volume within the United States. If you can find one, you will pay more for it. China makes most of consume products that are exported around the globe, but now the United States will have to pay more for products from China, so who do you think will have to pay for these items ultimately? Yes, you guessed right again. THE AMERICAN PEOPLE. Lower economy, really? Our economy was admired by many countries around the world, and they only wished their were as good as ours. Soon, no country will be wishing their economy was like ours.

If it weren’t for the false pretense that our economy was failing, that our prices are too high and someone had to be blamed, like the current administration of Joe Biden, Donald J. Trump would have never been reelected. But in all sincerity, who must be blamed are the people who voted for this crazy rapist felon to be their president. Obviously, I did not. But I will be affected along with all the MAGA Republicans that now have to try and survive our upcoming wrecked economy because these voters put Trump in office.

It is a sad situation, but we delt our own hand and we must live with it. Just maybe he will think twice now before initiating his bans on Canada and Mexico. Is Trump getting a taste of his failure in foreign economic even before he becomes president again? You bet. The question is, does he care. It’s had to imagine that he does, because the trade war with China began in 2018 in Trump’s first term. When he imposed tariffs on China then, this is when all this started. But as ignorant as he obviously is, he had to do it again. We will feel the pain of Trump, day after day, and in just a few short weeks on January 20, 2025, the real pain will begin.

Trump claimed that he will be a dictator for a day on day one. Believe him. He will take pleasure in acting like Putin and Kim Jung-un or Hungarian Prime Minister Viktor Orban. He worships strong-men like them. He HAD a chance to become the strongest leader in the world, as the President of the United States has always been, but Donald J. Trump in his second term will prove to be the weakest on the world stage. He will eventually back down from his threats, and his tariffs paid by the American people, but by then it will be too late, because he will have successfully wrecked our economy, and we may even head straight for another depression.

It is a grim picture that I’m painting but let me elaborate just a bit further. Farmers will go bankrupt and lose their lands. They will not be able to pay back loans to banks. Banks will not survive because their clientele cannot afford to do business with them. Credit scores will drop, and more and more people will not qualify for bank loans. It’s a death spiral and it’s coming.

I surely hope that I’m wrong, but I’ve been around a while now in my life and have been a victim of the U.S. economy for too long to know when it is good and when it is bad. I cannot see one instance where the Trump economy will be good for the American people. Just watch the stock market and 401K’s. They will tell the story. Right now, the stock market and 401k’s are looking great. But, let the future be known in due time. When the American people are affected by a crash such as what we had in 2008, then they will realize how wrong they were to put this convicted felon and rapist back in office, just so he can try to save his own skin from prosecution, and the American people, not knowing that what he actually will do is try to destroy us in the process. He has nothing to lose, not another election, because Donald Trump cannot run for a third term, at least not yet. So, he’s not worried about being re-elected and he won’t watch his steps. He has the Supreme Court behind him with the immunity decision this past summer, as he can do most anything he wants too as long as it is an official duty, like putting tariffs on foreign countries, wreck the U.S. economy in the process and get away with it. He can never be prosecuted for endangering the American people when he performs official acts. So, let’s see where this goes. Will I be wrong, or will I be right? The future will tell.

Trump’s Tariff Threats Cause $575-$690 billion LOSS in U.S. Imports

Trump is not even the acting president, but he’s acting like he is the President by informing foreign countries he’s getting ready to tariff them. Without even taken office, Donald Trump has seriously hurt this country’s economy. The U.S.  and China account for at least 40% of the World’s GDP. In the recent past, the U.S. provided at least 60% of all China soybean imports. Now, no more, thanks to Trump. He is already bankrupting the country before he officially becomes president.

Let me outline what his tariff rhetoric has done before he will become president…

  • The U.S. is losing its largest customer of crops such as soybeans. They are turning their purchases of electronics to Europe, to Brazil for agriculture and Russia for agriculture and oil products.
  • There will be uncertainty in the market and American investors and farmers will be affected. Watch the stock markets.
  • Loosing China in these sectors as a trade partner is sending shockwaves to supply chains, employment and innovation.

The U.S.- China trade war began in Trump’s first term in 2018 when Trump imposed tariffs on $360 billion of Chinese goods. Back then, China retaliated with $110 billion in exports to the U.S. and Technology and energy were among the hardest hit sectors. As proof of this back in 2018, exports to China fell over 20 percent. U.S. farmers lost about $4 billion because of U.S. tariffs. Presently, Trump is only threatening China, but China is taking the first shot at the United States, not even giving Trump a chance to retaliate, because he’s not the president yet and he is powerless. Trump will not take this sitting down, and as an attempt to further his cause, he will create more damage between China and the United States when he is sworn into office on January 20, 2025.

  • Instead of making China pay for tariffs, the shift away from trade with the United States has the effect of making products more expensive and less competitive in the global markets. The U.S. voter turned to Trump because they believed he was better for the economy. Really?!&/?”%???
  • Trump’s tariffs will be an immediate cause why agricultural products and electronics will go up in price.
Tariffs act as a tax on U.S. businesses and consumers.

Does Trump care? Absolutely not. He hasn’t learned from the debacle he caused in 2018, as he already has created a trade mess with China in 2024, and he’s not even president yet.

Remember in a previous post on this website when I made the claim that Trump will hurt the economy instead of making it better? Well, here is the proof of that. Donald Trump is so macho and reckless, and he believes that the world will run on his whim. Trump wants to be the strongest leader of the free world, and he is showing he is the weakest. He has no clue. He is so far out of touch with the needs of the American people and no clue on what it will take in a global economy to make it better.  Now we will have to close our eyes and hold on tight and hope this county can survive a second Trump presidency for the next four years. This is just the beginning.

Convicted Felon Trump’s Win – NOT A MANDATE

Donald Trump’s 2424 win is hardly a mandate. The following chart just goes to show you what history will say about his actual popularity, as this clearly shows that his margin of victory compared to other presidents dating back to 1924 relates to just a speck of dust compared to the universe.

He succeeded in one thing for himself. That was to stay out of jail for the next four years. The United States is not in the habit of putting a sitting president in jail during their term in office, but Trump now realizes that when he gets finished with his second term as the worst president the United States ever had, that he will be going to jail. State prosecutions cannot be excused by any future president, even one from the Republican Party, who would like to pardon Trump and expunge his 34 counts of felony that will put him in jail in 2029.

Yes, Jack Smith has recently dismissed Trump’s pending cases but without prejudice. So what does ‘without prejudice’ mean?

In the legal context, ‘with prejudice’ means a case has been permanently dismissed and cannot be brought back to court. This is a “final disposition” that indicates the court’s decision is final and absolute in all courts for all subsequent cases.

In contrast, a case dismissed “without prejudice” means the case can be brought back to court. This could be because the court did not bar future claims, or because the plaintiff wants to refile to correct a procedural or technical problem. It also could be because a sitting president cannot go forward with official proceedings of condemnation because he has a job to do. After he is finished with his job as president, the cases will be rekindled and brought to their conclusions as originally intended before he became president for the second time.

Does anyone believe that Donald Trump will want to leave office so he can go straight past ‘GO’ and go to Jail? He wants to be like Putin, or Kim Jong-un or, better yet, like President Roosevelt. He is and never will be like Roosevelt. Furthermore, he served in 4 terms as a U.S. president before term limits were introduced to the United States in 1951 when the 22nd Amendment to the Constitution went into effect. The 22nd Amendment was passed by Congress in 1947, but took 4 years to go into effect, as a new amendment to the Constitution must be ratified by three-quarters of the states before it could go into effect. Thanks to Minnesota, who finally approved the amendment, it became the law of the land.

The autocrat Trump is and will show the American people this year will open Republicans eyes, and the damage he will do to this country and to other countries around the world will be heart-breaking within the next 4 years. He will continue to bring division to the United States.

He has openly discussed in the past and present that he would like to invade a country, namely Mexico, to “take out” the cartel that he believes is responsible for bringing in drugs to America like ‘Fentanyl’. Likewise, he wants to tariff countries like Mexico, Canada and China. He was re-elected because the American people believed that he was the better candidate for bringing back the economy, even though our economy is without question the best in the world. Other countries wished they were as successful as the United States. Our economy will falter if he makes good on his tariffs to the other countries, because U.S. businesses will fail as they will have to raise prices on merchandise and services for which the American people will refuse to or just outright can’t afford to pay. It will be a domino effect, like what happened to companies during the Great Depression. Yes, the great businessman that he is, as he has gone bankrupt at least 4 times in his life to prove he knows what he is doing, will bankrupt the country just because he wanted to stay out of jail, when a jail sentence in his future is inevitable. A rapist that he is, as he was convicted of the crime in a U.S. court.

Of course, that is easy to say because I know what will be planned to happen in the future, but slick Donald Trump most likely will find a way to not serve any jail time. But remember, Donald Trump was convicted of 34 felonies in a STATE court, which means no future president can pardon him from serving if he goes to jail. I truly believe that the future will not be kind to Donald J. Trump, who in my mind has been and will continue to be the worst president the United States has and will EVER have.

The United States people have decided to elect this criminal president, and only time will tell how much damage he will do before he leaves office a second time, especially  if democracy fails and he becomes a dictator. He claims he wants to be a dictator on day one, so let’s see if he keeps his word.