Category: Elon Musk

Markets Crashed from the First Moment today – No Liberation Day but a Promised Recession

April 3, 2025

Right on cue. As predicted, the U.S. stock market has tanked, as Donald J. Trump, a convicted felon destroys the U.S. economy that was once the envy of the world.

As the coward Trump is, he waited until the stock markets closed yesterday when he finally initiated his latest tariffs, this time affecting countries around the world. And yes, he says he doesn’t monitor the stock markets. Just another lie.  It is now officially known at the Trump International Trade War. Trump owns it. He cannot blame Biden or Obama. No smart president in his right mind would do such a thing, but Trump is literally sick, and he is now taking the country to a recession and a lower GDP of at least 3%. Before his election, the GDP was expected to grow by at least 3%. When the markets closed yesterday, i.e. the DOW was up by 235 points. Traders were hoping for the best, but knew what was going to come as soon as Trump went forward with his dire plan.

The DOW futures just before market opening in just 10 minutes is down by nearly 1200 points. A total disaster.

Time to pause this report, as the moment of recogning is fast approaching. I’ll continue with this note when the markets actually open in 8 minutes…

9:30AM ET (MARKETS NOW OPEN)

OK, the moment is here.   The DOW JONES INDUSTRIAL AVERAGE, known as the DOW, closed yesterday in the green from the previous day of 235 points, up by just .56%. This morning it has now opened in the negative of 1,111.22 points or -2.63% from yesterdays close of 42,225.32.  I’ve been predicting this moment for months. It opened today at 41,114.10. That is just a total disaster, completely brought on by Trump, who wants to make sure that Americans feel pain. The economy is weaker and EVERYTHING just got more expensive. So much for Donald Trump promising that the economy will get better and that he would lower prices.  Some businesses will be forced to close. At this moment of time, there is the highest unemployement filing in the country since 2021. This disaster all happened in the last 80 days, when Trump became president.

The other markets that Americans follow fell too, and not by just a little. Roughly two hours before the start of trade at 9:30AM ET this morning, futures for the S&P 500 plunged 190 points, or 3.3%, while futures for the Dow Jones Industrrial Average and the tech-heavy Nasdaq composite index sank 3% and 4%, respectively.

I am literally sick about this result from Trumps egregous disregard to the American economy. Countries around the world will reciprocate in their own way with tariffs against the United States of their own.  Like I said, literally EVERYTHING has just become more expensive. It’s like jumping off of a cliff. Once you jump, you will continue to fall to your death. This is what is happening to us now.

Donald Trump is a disaster in all things related to the economy. He’s the guy that promised to address the high cost of living, and he stated that costs would go down on DAY 1 of his presidency. That is not happening. Costs are not going down, they are going up. Inflation is going up.  No doubt the stock market is colapsing, and what that means is that the retirement savings of every day Americans are disappearing by the hour. It is all because of Donald Trump’s reckless mis-managment of the economy, as he knew full well what was going to happen. Economists predicted it and now these tariffs that he imposed will raise the cost of everything for everyday Americans in many estimates of thousands of dollars per year. Who gets affected the most? Regular people like you and me will feel the ‘pain’, and it’s not going to go away any time soon. Of course rich guys like Trump and Musk could care less because the tariffs don’t affect Trump. They will affect Musk in a way as it will negatively impact his Tesla business but that’s just a drop in a bucket for the richest man in the world.

Trump was supposed to help grow the economy, at least that’s what people voted for him to do when he became president, but instead, he is crashing the economy in real time. Today is NOT liberation day, it’s RECESSION DAY, because that’s where we are headed.

Most people aren’t aware of these things until it affects them. Maybe they will wake up when the cost of gasoline goes through the roof. That’s coming. I haven’t been wrong in the past, and I’m not wrong now. It’s coming.

All we can do now is pray that Trump shows his cowardness once again when he finally drops the tariffs, hoping that other countries will drop theirs. Yes, he says he doesn’t look at the stock exchanges, but I would bet any money that he is now.

Trumps Claim – Liberation Day is Tomorrow April 2

April 1, 2025

Well, today is April Fools Day, and it is truly a day for fools. What’s being liberated is your wallet, your paycheck and the economy. In the few days up to ‘Liberation Day’, the stock markets have been very unsettled. On Thursday last week, the markets crashed with a 700 point fall. But on Friday and Monday, the markets responded positively. This is known as the ‘Calm before the Storm’.

Now, idiot Donald Trump is putting his tariff wars on a worldwide scale. Chaos is visable for everyone to see. His reciprical tariffs as he calls them are meant to hurt just about every country that does business with the United States. As if the markets haven’t suffered enough, Trump’s aim is to deliver ‘PAIN’ around the world. And Trump claims he doesn’t care about anyone or their personal wallets. He claims that he doesn’t watch the stock market, but everyone knows that’s a lie. If he really does not, that in itself is a tragedy, proving the point that he doesn’t care about Americans and their well being. He doesn’t care if inflation goes up. Maybe all he needs to do is talk to his co-commander and chief Elon Musk, and ask him how the trade wars are effecting his Tesla business.

Markets, traders and brokers react in advance of things. They calculate their decisions before the big event to be able to capitalize on what’s going to happen.

Just so you realize this, Trump has already destroyed the tax base of the Internal Revenue Service. To run our government, to pay on social security, veterans benefits, medicade and medicare, student loans, there are regulations surrounding how things operate. Donald Trump is destroying all the norms and protections that the American people have enjoyed since World War II.

Trump thinks he can tariff his way to liberate America to eliminate debt, but instead, he is doing just the opposite. He wants to tariff to the tune of 4 trillion dollars. That’s what the economists say, and people who understand better than I what Trump is trying to do here. The only thing I understand from all of this is that he wants the money to give tax breaks for the rich, although he claims that he will also balance the budget, which is impossible, mainly because of the tariffs he is now imposing on the American people.

The American people are SUCKERS. At least the people who voted for him are. Many who voted for him are now out of work. Their lives destroyed from the king they thought would save our economy. Now where is it?

Automobile reciprical tariffs posed by other countries to the U.S. will cripple the U.S. economy. Trump claims that we don’t need help from Canada or Mexico. Really!!! Does he not understand that EVERY American car today can not be assembled in America without parts that are made in Canada and Mexico? Reciprical tariffs from other countries will expode the cost of American cars. Goods and consumeables that come from both Canada and Mexico will soon be priced out of reach. Gasoline prices will soon explode. Canada now plans to cut off oil exports to the U.S. while they also plan to cut hydro-electric power to a few northern states that depend on Canadian power. But even before they completely cut off the power, they will tariff their energy to American consumers. Prices of energy have already gone up. So tell me where Trump is saving our economy.

Doesn’t Trump realize that Ford and GM make their cars in MEXICO? You can’t built an American made car using American made parts. World trade has evolved in such a way that all countries are dependent on each other. Maybe that’s not the vision that Trump has, but it’s the reality that we face at this moment. You cannot just turn off Canada and Mexico if you plan to build American made cars.  There is a high percentage of foreign imports, including from Japan, parts that are installed in American made cars. Foreign and GM cars that go across the border during producion are subject to tariffs and the cost of these vehicles will skyrocket. Even if all of the Assembly lines for American made cars were in the United States, which they are not, car productions would cease, because the United States is not tooled up at the moment to produce all parts that go in American made cars.

Now personally, I don’t believe that Trump will go through with this ‘liberation day movement’. Why do I believe that? Because Trump is watch the stock markets, even though the liar that he is says that he’s not watching. The world economies and stock markets are reacting negatively to what Trump is doing with tariffs.

Consumer confidence is down at its lowest in three years. Manufacturing confidence is down at its lowest in more than ten years. Most major investent banks have raised their expectations considerablly that a recession is coming. The odds given by these banks  put the odds now at about 40%. It’s hard to imagine that just 70 days ago when Biden was still President that the markets were booming and the United States economy was the envy of the world. Now, the world is nervously watching the U.S. economy crumble, and is looking for a new leader in world markets, sidestepping the United States as the country to envy.

SO, THE TRUMP RECESSION IS JUST AROUND THE CORNER. He will own it. His Republican party will explode because of it. Unfortunately, the American people will feel the ‘PAIN’ from it. But we have just under two years to go before Trump becomes a ‘lame duck’ and his Republican party will crumble. Hopefully by then, it will not be too late for the Democrats again to try and save the country. But I don’t believe it can happen now until a recession happens and if this president is allowed to act as he has done since the election, a depression will come next. Then maybe the only being that can save us the ‘our Supreme Being’, God himself.

Stay tuned for stock market updates starting tonight with the close of the market. But what I can tell you now that just about all the gains the markets gained on Monday has been extinguished, as the futures show  the DOW JONES INDUSTRIAL AVERAGE now down by 231 points or .55%. Stock futures for the S&P and NASDAQ markets are also down. Tariff anxiety lingers which is not a good thing. The markets will preface what the traders will feel on ‘liberation day’ in which millions or billions of dollars will be ‘liberated’ from Americans who support our markets, thanks to a president who claims he doesn’t care how we feel. Also, you may want to check your 401K value as the week goes on. If I’m right, it’s not going to be pretty.

Trump Devastation Continues in America

March 23, 2025

Well, I’m done talking about the stock markets until April 2nd. I think everyone gets the drift. Donald Trump is destroying America. Let’s talk about him!

Trump is a FRAUD.

Trump is a CON-ARTIST.

Trump is a SEXUAL-PREDATURE.

Trump is a HORRIBLE PERSON who is an IDIOT.

Trump is a COVICTED FELON who is the President of the United States.

I cannot and will not ever support such a sick individual.

TRUMP’S PLAN IS NOT WORKING !

Canada has his number. Mexico has his number. Europe has his number.  The Federal judges have his number. Even the Supreme Court has his number. Yet, he’s such an IDIOT that on April 2nd, he plans to go through with his tariff plan that will be sent to countries around the world. He will continue to be sued, and eventually SCOTUS will put Trump and Elon Musk in their place !   IT’s COMING !

April 2nd will become the NEXT big news around the world, as stocks will again crash, so hard they may even close the markets early on April 2nd. Everyone knows that Canada plans to reciprocate every added tariff that Trump puts on Canada, so it’s about to get much worse for the American consumer. Trump claims that the United States does not need Canada. But we actually do. If the markets collapse on April 2nd, watch Trump cave in and remove the tariffs he just put in effect just 24 hours earlier. He’s testing the patience of the world now, and the world will not take his bull sitting still. They will ALL fire back!

Can the economy ever recover? Trump already caused people to loose at least $5 Trillion dollars who support the stock markets. And 401K Accounts and pensions are getting raped. Medicade in on the chopping block and the future of Medicare is uncertain. There is no end in sight, except an oncoming recession, followed by a depression if the markets can’t settle down. It is inevitable.  We cannot stay on this path. So many jobs have been lost.

Trump signed an executive order to get rid of birthright citizenship. Birthright citizenship was explicitly added to the Constitution in 1868 when the 14th Amendment was adopted following the Civil War.  His action is TOTALLY ILLEGAL. But he doesn’t care because he believes his newfound executive powers of presidential immunity given by SCOTUS oversees any action that he makes as president, so he believes he now has the right, regardless of what the U.S. Constitution says. 

USAID is Gone!

Several FBI Agents are gone! Probationary Employees are Gone!

According to government data maintained by OPM, 220,000 Federal employees had less than a year on the job as of March 2024. They are gone!

The Department of Veteran’s Affairs lost 1000 temporary employees. They are gone!

The civilian workforce is heading to a 5 to 8 percent decline. GDP is no longer growing.

There has been $900 million dollars in cuts in the departments of Education services. Just gone!.

About 350 Federal Employees that maintain and guard our nuclear weapons are now gone!

The Center of Disease Control and Prevention has lost about 1300 probationary employees which is 1/10th of the agency’s workforce.

Probationary employees were also fired at public health agencies, including the National Institutes of Health, the Food and Drug Administration and the Centers for Medicare and Medicaid Services, but HHS has not released a final number.

From the Department of Homeland Security, 405 people lost their jobs, why, because they were probationary.  They are gone!.

The Internal Revenue Service will lay off thousands in the middle of tax season. They will be gone, just when you need them during tax season.

The National Parks service has laid off about 1000 people.

The Consumer Protection Financial Bureau has been shut down. Completely gone!

The Agriculture Department has been hit. There were at least 2000 Non-Fire Fighting Employees terminated.

Trump put a 90-day hold on most foreign assistance right after he was elected. All Federal Grants and Loans have been frozen as of last month.

Trump has fired 17 Inspectors General.

The Department of Justice fired at least a dozen attorneys that served in politically appointed positions that pursued prosecutions of Trump before he was president. He fired them because they tried to prosecute him!

Trump just signed an executive order to close down the Department of Education, which he has no authority to do. The U.S. Congress voted and approved the formation of the Department of Education, and he cannot get rid of it with a stroke of a pen. It can only be elimitated by 2/3 of a vote in both the U.S. House and Senate. Lawsuits are now pending. 

Now that he’s destroyed so many people’s lives, but now it’s back to tariffs. Another option can be that Donald Trump will again CHICKEN OUT and not put out more tariffs to countries around the world on April 2nd.

As an ignorant idiot and con-artist that he is, I think that even Trump will see the catastrophic damage he is causing to America, or is he just not smart enough to realize how this country is bleeding Democracy thanks to his policies and the permanent damage he is causing to people’s lives?

Canadians are told by their Prime-Minister not to visit the United States this year, and to make other vacation plans. Canadians are no longer flying the American flag next to the Canadian flag. Rather than accept higher tariffs on imports, Canada is refusing to receive the goods. They have taken American imported liquor off of their shelves. Trump is causing long-term damage to our closest friend and neighbor – Canada.

This is nothing less than a trade war that is back-firing on Donald Trump. He is becoming to be known as “The Art of the No-Deal”.

American prices are about to skyrocket. Food, fuel, merchandise from retail stores, restaurants, car dealerships, computers and utilities are now going up. The egg prices he vowed to go down are now going up. Fuel has jumped 50 cents per gallon in the last 30 days.

So this is the guy that’s going to fix the economy. In what way? I’m still trying to figure out why people thought it was broke, and now they our economy to a fraudster that has gone bankrupt many times. So many people voted for this fool.

Trump’s meme coin has absolutely crashed in the market, going from about $45.00 a share to now only $11.65 as of this post. The stock has lost billions of dollars.

He has destroyed peoples savings, the very people that have supported him to become president.

Trump was right. He said there will be “pain” before things get better. Well, the pain has arrived, and his hard supporters are also really feeling it now.

What about his media company called ‘TruthSocial’? He claims that’s his voice is the real voice of America, as he continues his con-artist skills to get people to sign up and donate money to him. He claims that he has never let people down. Really, Mr. Trump?

The stock price for Trump Media, known on the NASDAQ Market as ‘Trump Media and Technology Group (DJT) down down 40.48% in value to date in 2025, now setting at $20.25 per share, down $13.77 per share.

This is devastating news if you invest in Trump Truth Social. So in his mind, he’s not letting people down. But in his supporters minds now that have been directly affected by the markets, they are now looking at Trump in a different light.

Unfortunately, people who support Trump are realizing the hard way that Trump is not a good leader in America. Actually he belongs in prison. You cannot trust such a con-artist and convicted felon that he is. It is unimaginable to me on how SICK this specimen of a human being is. All of the billionaires are going down the dark road now, loosing money along with his followers.

Elon Musk’s company, Tesla, stock shares are now down at least 50% worldwide. The prices of the Tesla has gone up 100% in Canada. The sales of Tesla in China are just about extinct. China has their own electric vehicle made by a company called ‘BYD’ that is so much cheaper in China, that there is no competition. Exports of BYD vehicles from China to other countries is picking up big time. Even import fees to these other countries from China still make their vehicle more popular than the Tesla. These Chinese vehicles use a Blade Technology, and the Chinese have figured a way to charge their electric car in just about 5 minutes of time and there are literally millions of charging stations across the country that can handle the charging requirements of the Chinese car.

The world is about to leave America behind, Thanks to Donald J. Trump! And Americans will continue to feel the ‘pain’ long after Trump is finally gone.

The Stock Market Continues to Struggle – Week of March 10, 2025

March 9, 2025

Well, we now know what to expect with the stock futures starting tomorrow. Stocks will continue to fall heading towards what most economists claim will spur a recession if not turned around. But at least one person in Washington, Donald Trump, doesn’t care what happens. He is such a big loser, and has lost millions in his lifetime, he can only get numb, but he’s not broke, not like many of us regular folks, thanks to the man who what going to fix the economy.

Last week, the Dow Jones industrial Average fell 2.4% in trading. The S&P 500 index lost 3.1%, the Nasdaq composite plunged 3.45% and the small-cap Russel 2000 sold off 4.05%, both hitting five-month lows.

The futures will be down tonight going into tomorrow because the European exchanges always seem to reflect what’s going to happen in the U.S., as their markets open and close first each day. With clocks advancing 1 hour ahead as they did 2:00AM this morning, UTC is now just 5 hours ahead of CT instead of 6. Today, Commerce Secretary Howard Lutnick said that he expects 25% tariffs on steel and aluminum to go into effect as scheduled this Wednesday, prior to a slew of tariffs scheduled to be enacted on April 2.

At the moment, the Dow Jones futures are not looking good for Monday March 10th. So far, the DOW will appear to open at least down .5%, with the S&P500 futures down by .6%, with the Nasdaq 100 down by .7%. I will make a prediction prior to opening of the DOW just before the markets close in Europe in the morning.

Trump’s right hand man in crime, Elon Musk hasn’t had a great week. Two major things have happened to Musk. One of his space rockets blew up after takeoff and fell down to earth in a show that looked like a big fireworks display. The second major thing is Musk’s stock on Tesla.

The Tesla stock (TSLA) dives 10.35% to 262.67, in its seventh straight weekly loss. Ever since Musk teamed up with Trump, he has lost millions in a very short period of time. Thanks to Donald Trump and his tariffs on Canada, our northern neighbor has just slapped a 100% tariff on Tesla, so it don’t look like Musk will be selling many of his electric cars in Canada any time soon. As I have been explaining to my readers, tariffs effect the purchaser of the product being tariffed.

So Trump’s Tesla that may normally cost $50 thousand dollars now costs Canadians $100,000.

Talk about shoot themselves in the foot, this is a prime example of it Way to go Donald Trump and Elon Musk!    

THE FREE-FALL CONTINUES!!!