Category: Trump wrecking the U.S. Economy

A Friends False Belief about Donald Trump

I have a Republican friend who lives in Wisconsin named Scott K. who likes to blame presidents from the past, and ignore all of the bad things that the present Republican President Donald Trump has done to our Democracy. He sends me lies in the form of text messages.  My friend Scott K. has his blinders on. He doesn’t recognize all the things Trump has done in just under two years as our president in his second term, let alone accounting for everything he did in his first term. Here’s what he says, and I quote him from a text he sent me not even related to Donald Trump.

“The only insurrection was caused by Pelosi, and finally she and her husband are having to pay for all their insider stock trading.”

There isn’t even once ounce of truth to my friend’s statement.

I guess my friend wants to forget the following at the same time he likes to just piss me off…

The January 6 United States Capitol attack, widely characterized as an insurrection or attempted coup, occurred on January 6, 2021. The event began at approximately 12:53 p.m. and lasted until the Capitol was secured around 5:40 p.m. (UTC−05:00) in Washington, D.C.

Nancy Pelosi didn’t cause the insurrection. She was in session to confirm Joe Biden as President of the United States when Trump’s sickos attacked the Capital.

So what Scott H. claims is a total lie

The people who attacked the Capital entered Nancy Pelosi’s office and ransacked it and destroyed government property. They defecated in her office. Then Trump gets re-elected and pardons every one of the insurrectionists the first day of his presidency.  Anyone who does anything in his name will face no accountability as long as he is president because of his immunity given to him by the Republican led Supreme Court.

Key Facts:

  • Cause: The attack was driven by false claims of 2020 presidential election fraud made by then-President Donald Trump and his allies to prevent the certification of Joe Biden‘s victory.

NOW HERE IS A FACT that my friend Scott K needs to know…

Nancy Pelosi has never been fined or prosecuted for insider trading. 

So what Scott K said in his text message is a lie.

Scott, find me the proof and I’ll remove this statement. While her husband’s stock trades have faced intense scrutiny and allegations of benefiting from insider information, no formal charges or penalties have been issued against her. The existing STOCK Act of 2012, which governs congressional trading, carries a maximum penalty of only $200 for late financial disclosures, a fine that has resulted in zero prosecutions in over a decade. But with that said, I’ll concede and say she wasn’t very ethical either, and for that matter, which Congressman in the House or Senate are actually ethical these days. But to restate this, Nancy Pelosi has never paid a red cent for insider stock trading. Here’s what I say…”All are crooks.” I’ve told my friend this time and time again, yet Scott K. wants to blame every Democrat he decides to without any credible proof. 

But Donald J. Trump takes ‘the cake’.

Maybe my friend Scott K. hasn’t read the news lately, on all the money Trump has made with Meme Coin. But let’s go there for a moment to educate him on it. What I’m including here is just the ‘tip of the iceberg’.

President Donald Trump has made at least $2.2 billion in revenue during his first year back in office (2025), according to federal financial disclosures released in July 2026. Some analyses, such as one by Forbes, estimate his total intake closer to $2.4 billion  including asset sales, while other trackers suggest his family’s ventures have generated up to $4 billion in proceeds and paper wealth since his January 2025 inauguration.

Cryptocurrency is the primary driver of this wealth, accounting for approximately $1.2 billion to $1.4 billion of his income through ventures like World Liberty Financial and the $TRUMP meme coin. This represents a roughly 250% increase from his 2024 revenue of $622 million, with significant additional earnings coming from international licensing deals ($125 million) and legal settlements ($117 million).

While the White House maintains that the president operates via a “blind account” and faces no conflicts of interest, critics describe the scale of enrichment as unprecedented in modern U.S. history. The reported figures reflect gross revenue and proceeds rather than net profit, and exact tax liabilities remain unknown as Trump has not released his tax returns.

No other president in U.S. history has abused his power as president as he has with his financial ventures and then never reported them on his tax returns.

No single federal law completely prevents a sitting U.S. president from earning gross income or profits from stocks, but several constitutional provisions and proposed legislation aim to limit such financial gains.

The Emoluments Clauses of the U.S. Constitution (Article I, Section 9, Clause 8 and Article II, Section 1, Clause 7) prohibit presidents from receiving gifts, payments, or profits from foreign or domestic governments without Congressional consent, though their application to private stock market gains remains legally contested. Qatar gifted a Boeing 747-8 jet to the United States for use by President Donald Trump as a temporary Air Force One. The aircraft, valued at approximately $400 million, was donated by the Qatari royal family in May 2025 as an “unconditional” gift to the U.S. Department of Defense. The new jet is now being fitted with the protections needed in an Air Force One jet, and the American people pay for the upgrades. It should not be personal property owned by Trump after he leaves office, but he plans to either use it to replace his personal jet or to retire it in a museum created in his name.

The Domestic Emoluments Clause restricts additional compensation from U.S. or state governments beyond the fixed presidential salary. Donald Trump receives a statutory annual salary of $400,000 from the U.S. government, paid monthly, along with a $50,000 non-taxable expense allowance and additional funds for travel ($100,000) and entertainment ($19,000). However, during both his first and current terms, he has formally accepted only a symbolic $1 salary, donating the remainder of his official compensation to various federal agencies such as the Department of Health and Human Services and the National Park Service.

Regarding foreign income, reports indicate significant financial benefits to Donald Trump from abroad.

A House Oversight Committee report found his businesses received at least $7.8 million from 20 foreign governments during his first presidency, while Citizens for Responsibility and Ethics in Washington (CREW) estimates the total likely benefited him to the tune of $13.6 million. In 2025 alone, his businesses reportedly earned an unprecedented $2.24 billion, marking a 280% increase from 2017, though the specific portion of this revenue directly attributable to foreign government payments in the current term is not explicitly detailed in the available data. No other president in American history has made money from foreign governments while in office.

The Foreign Emoluments Clause bars benefits from foreign states unless Congress approves. This also applies to the jet that Qatar gave to Trump. But Trump thinks nothing of not following the law. He accepted the jet anyway and we the citizens are paying for the overhaul.

The Ethics in Government Act requires financial disclosure but does not mandate divestiture or blind trusts for presidents. Where are Trumps financial returns for 2025. He never plans to give financial disclosure to keep his income private.

The STOCK Act applies to Congress and federal employees but does not explicitly bind the president against stock trading.

Proposed bills like the NO PROFIT Act (introduced June 2026) seek to impose a 100% tax on presidential stock gains unless assets are in a qualified blind trust. While historical practice shows most modern presidents have used blind trusts to avoid conflicts, there is no enforceable statutory ban preventing a president from personally profiting from stock investments while in office. But just so you know, Donald Trump does not have a true blind trust. Unlike every U.S. president since the 1970s, Trump has never placed his assets in a blind trust that would hide their contents from him and be managed by an independent trustee.

Revocable Trust Structure. Instead of a blind trust, Trump utilizes a revocable trust managed by his sons, Donald Trump Jr. and Eric Trump, along with former CFO Allen Weisselberg. This arrangement allows Trump to withdraw money at will, retain ownership of his businesses, and potentially revoke the trust at any time, offering no barrier against conflicts of interest.

Knowledge of Holdings. Although Trump has referred to his investments as a “blind account,” federal disclosure documents signed by the president in 2026 confirm he knows exactly what stocks he owns. If it was a ‘blind Trust’ Trump would not know.  Filings reveal he executed 3,642 individual stock transactions in early 2026, including trades in companies regulated by his administration, which contradicts the definition of a blind trust where the owner is unaware of specific assets.

The bottom line here is that

PRESIDENT DONALD J. TRUMP IS CORRUPT

He is not like any other president in U.S. history. He is not transparent and doesn’t want anyone to know about his business dealings. He personally profits whenever he can and has no shame in doing it. While the American people are struggling financially, Trump is living his dream.

Scott, instead of texting me that garbage, try and be a real friend. We both know that we will never agree with politics, so why bring up my ire in text messages like that.  If you continue to do that, then I will have no recourse than to refute everything you say that is factually wrong in articles on this website like this very article.

Markets Freefall – $2 Trillion Lost in a Single Day

April 4, 2025

The outcome is bleak, just 24 hours after Trump announced tariffs on the world. The stocks closed  yesterday with record losses, as the value of stocks within the Dow Jones Industrial Average lost about $2 Trillion in value in just one day. This is a tremendous loss in the U.S. economy. The only one to blame is Donald J. Trump. The guy that was supposed to save the world from a disasterous economy “on day one” as Republicans put it during the elections, now is leading America to a recession. And this is only the beginning. Meanwhile, after Trump reins damage on the stock markets, he decided that he did enough for one week, and he left the White House to fly down to Mar-a-lago to take a hard earned vacation, relax and play golf, while the American people have to try and figure out what’s next. Life savings, 401K’s and people’s lives by the hour are being destroyed and Donald Trump could care less. Companies are already furlowing workers. Trump continuously claims that the country must feel ‘pain’ at first and it will only be in the short haul. He’s lieing again, and he knows it. The pain felt by Americans will be for a long time to come, way after he leaves office.

What he did create is a new world of dis-order. No longer is the world willing to follow America, whom they thought would protect them. Reciprical tariffs from other countries to the United States are soon to come. Expect China to hit back hard. This is what the voters got when they voted for Trump.

So what happened with the stock markets at the opening bell yesterday, March 3, 2025?

It can be described with one word… S H O C K !

The markets begain the day down -1200 points, already a disaster in the making. But the day was just starting, and before it ended, the DOW Jones Stock Exchange dropped -1,679 points or 3.98%. The S&P500 was down almost 5% and the tech market known as NASDAQ was down by 6%.

All three markets posted their largest single day loss since 2020.

So that’s day 1 of the markets since the Trump tariffs began affecting countries all over the world less than a day ago. But in general, since Trump became president, the DOW is down almost 8%, The NASDAQ down at least 16%, and the S&P500 down almost 11%.

All gains in the markets have been wiped out since Trump’s election in November.

And it will get much worse.  A graph below illustrates the responses from the 3 major markets in the U.S. since the beginning of Trump’s presidency. The 0% mark is the start of Trump’s presidency. The decreasing markets are not making the U.S. economy any better. The country is now bleeding its wealth. The United States is NO LONGER the envy of the world.

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 Threats Continue to TANK MARKETS

March 13, 2025

So what did Donald Trump’s threats cause today. Focusing on the markets, it was 100% predictable. The DOW ended the day down by 537 points, or 1.3%. The S&P 500 fell 1.39% and the Nasdaq Composite went down by 1.3%.

But Trump says that it doesn’t phase him. He indicated today that he is not going to bend on the 25% tariffs on steel and aluminum, vowing that any resulting economic disruption “won’t be very long.” His Treasury Secretary claims that Trump’s tariffs will bring back the economy. How, by some miracle?

The bottom line evident to everyone is that if Donald Trump does not start caring about the markets and peoples life savings, then the markets will continue to decline and the people will have very lasting pain. Trump says he doesn’t watch the markets, but of course that’s just another lie. In a very short period time, the markets have dropped over 4,000 points from their record highs. There are already talks about a recession. If we hit that point, not much can stop us to head towards a depression.

To me what is uncomprehensible is the fact that this country is declining from being on-top of the world economically to one of the least admired countries in the world. Many of our allies across the globe looked at America as the ‘beacon of light’ for democracy and freedom prior to Donald Trump, but now they are distancing themselves from America and the traitorous policies of Trump. Countries like Canada and Mexico feel betrayed and feel hurt.

I will concede that the Canadians and Mexicans haven’t been totally honest and reasonable regarding their taxes on products that Americans buy, but at least there was some kind of order in the past between the United States and our neighboring countries to keep the idea of free trade more than just a thought. The world seemed normal and people were accepting the world as status quo.

With Trump’s tariffs and the reciprocal tariffs, free trade is now about something that’s happened in the past. Yet, Donald Trump is trying to force the rest of the world to accept his trade practices, or else there will be a penalty to pay in the form of a tariff, when ultimately the American people will have to pay. Trump is realizing that the world doesn’t have to listen to him and they are not. Instead, they are picking other partners to trade with, leaving Trump and his America behind. Canada is now trading with the European Union, China and Japan, and for the most part is not charging a tariff on anything because these countries are not tariffing them. But Canada is now tariffing America, all because of Donald Trump.

The biggest trade problem in the world can be said in two words…

DONALD TRUMP

Trump Continues to Destroy America

March 11, 2025

Never in a million years would I think that the United States would subject its people to a catastrophic event that is preventable. What president in his right mind would do such a thing?

The answer is no president, except Donald Trump.

He’s wanted to happen exactly what is happening. Chaos. He wants to declare emergencies just so that he can legally do what he wants to do, and that is to declare an emergency so that he can expand his tariffs legally, without the blessing of the United States Congress.

Keep in mind that what he is doing has been totally illegal up to this point, because the PRESIDENT OF THE UNITED STATES DOES NOT LEGALLY HAVE THE POWER TO INSTITUTE TARIFFS ON HIS OWN UNLESS THERE IS AN EMERGENCY. ONLY CONGRESS CAN GRANT THE PRESIDENT OF THE UNITED STATES THOSE POWERS. So Trump is creating his own emergency, affecting all Americans, so now he will continue to threaten Canada.

This morning at 9:15AM ET, Trump published the following Tweet on Truth Social…

Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th. Also, Canada must immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area. This will allow the U.S. to quickly do what has to be done to alleviate this abusive threat from Canada. If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. Those cars can easily be made in the USA! Also, Canada pays very little for National Security, relying on the United States for military protection. We are subsidizing Canada to the tune of more than 200 Billion Dollars a year. WHY???? This cannot continue. The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear. Canadians’ taxes will be very substantially reduced, they will be more secure, militarily and otherwise, than ever before, there would no longer be a Northern Border problem, and the greatest and most powerful nation in the World will be bigger, better and stronger than ever – And Canada will be a big part of that. The artificial line of separation drawn many years ago will finally disappear, and we will have the safest and most beautiful Nation anywhere in the World – And your brilliant anthem “O Canada, “ will continue to play, but now representing a GREAT and POWERFUL StATE within the greatest Nation that the World has ever seen!

I can continue to criticize Donald Trump. I can continue to report what the world is experiencing with this lunatic. And I will. But everyone within this country of the United States of America now can clearly see what Trump’s goals are here. Everything Trump is doing has to do with a takeover of Canada, making it our 51st state. This is totally outrageous. Canada will not relinquish its freedom without a war. Trump has in effect announced a war on Canada. It is more than a trade war. It is quickly escalating into something that by ANY other president, would have never happened. Has he been coordinating this planned takeover with Russia? I can argue that he is. Putin is watching. He is watching our economy fall over a cliff, which is the biggest WIN Putin has ever had fall into his lap, thanks to our president and convicted felon, Donald J. Trump.

The markets are CRASHING, just as expected, down by another 500 points. The NASDAQ and S&P500 are crashing. A recession is on the way.  Unfortunately, this is just the beginning of the story. But there is no sense now even trying to report what is happening in real time. The causes of our PAIN that we must bear is known. What is still not known is the ACTUAL effect of the pain caused by one callous man, bent on destroying America. I will continue to report stock market updates, but it’s not going to be pretty.

Stock Markets Tumble Big Time – Recession is Knocking

March 11, 2025

What happened today was predictive and preventable. The Dow Jones Industrial Average lost 2.08% in value which doesn’t seem to be a large number, but anyone following the markets today can tell you that the fall was astronomical. That’s one word to best describe it. The market lost 890.01 points, and now rests as 41,911.71, down from 42,801.72. All of this was cause from the Trump chaos that he wants us to witness.

Usually some time during the day, in a normal trading day one would see the Dow Futures recover and at least break even, then fall, or move up and down in a normal trading day. Today was different. It was far from being a normal trading day. It was one of the worst trading days since 2009. The DOW ended on Friday at 42,801.72 compared to todays close of 41,911.71, thus a loss in market shares of -2.08% or -890.01.

Loosing almost 900 points in the DOW in one day is a disaster, on top of previous disasters from all the declines of last week. And what’s coming is predictable, more of the same. Professional investors that know how to play the markets when the value is high or when it is low benefit even from a bad day such as today. But country as a whole suffers on days like this. Let me explain…

Most of us just watch what’s happening and realize that a drop in the markets is not a good thing, but we think for the most part that it won’t affect us, thinking that the only ones who feel Trump’s pain is the people who actually trade in the stock market and that the markets will recover. But I’m not so sure that this market can now recover.

On a normal day, that would be true for the most part, as investers and people with lots of money to invest in the market make some real money or loose some real money each day. But experienced investers know how to read the markets, as they know how to buy, when to buy, how to sell and when to sell.

But days like today are not normal days, as the market is so volitile that even investers may be having problems trying to determine when to buy or sell a stock. Normal people like you and me notice what’s happening as we check our 501K values and other investments that we have as we are concerned about what’s happening, but we don’t have any daily personal experience that we can control during times like this. Investors do but we do not for the most part.

How many people are ready to buy and sell some of their stocks, risk less or more and follow the markets intently as trading investors do? Hardly none of us. We work for a living and that’s where we put in our time each day, and when we get home for the day, we listen to the news, watch Youtube and catch up what happened during the day and maybe watch the stock tickers throughout the day, but don’t have any real interaction with stocks each day. By then, it’s too late. The markets are closed, and we are left to see the results of trading for the day, hoping that the stocks that the stocks that ride with our personal 501K are doing well. Today was one of those days that you do not need a rocket scientist to know that EVERYONE of US lost bigly today.

You may think that there will be good days and there will be bad days, and that’s true. But what happened today, why it happened today, and the fallout of what happened is nothing less than as if today you watched one of the scariest movies that you’ve ever watched in your life time.

If you happened to be living on October 29, 1929 which the majority of us were not (96 years ago), you can remember the start of the great depression. So almost ALL of us don’t remember that day because most of us weren’t even born back then. But that’s when it started. The height of the great depression is told to be in March of 1933, when the commercial banking system collapsed and President Roosevelt declared a national banking holiday. Sweeping reforms of the financial system accompanied the economic recovery, which was interrupted by what is known as a double-dip recession which hit in 1937. It all started with the stock market crashing in 1929, with bank failures and GOVERNMENT POLICIES. The government policies we are dealing with at the moment are TARIFFS, a direct result of Donald Trump, DELIBERATELY tanking our economy. So yes, as it did then, now Donald Trump’s tariff policys is leading us right back into depression territory.

Somehow we have to right the ship, but right now the ship is sinking and our government is not doing a darn thing to stop it, but doing everything to cause the ship to sink. Our economy is in desperite trouble at the moment. Canada has continuedd 25% tariffs against the United States in retaliation of Trump’s tariffs that he issued against Canada just one week ago. Even Trump said he was lifting Canadian tariffs for at least a month until March 2nd. Canada did not stop tariffs they put on the United States.

Trump is now threatening new tariffs against Canada, on products like Aluminum and Steel. The Canadaians will reciprecate. So where does that take our markets. It makes them nose dive to hell, and that’s where the markets are heading now.

Trump said that we need to “feel the pain” before things get better, and in that regard, that’s exactly were we are heading. If Trump instigates more tariffs against Canada, our closest friend and neighber, they are going to turn out the lights in at least 3 northern states in America. The power is about to get turned off, instead of just the 25% tariff that is now in effect that Americans must now pay for their electricity. There electric bills now have just gone up by 25%.

So Donald, who paying these tariffs? Not you or your partner in crime Elon Musk. Not Canada, but the people of the United States. Now they may experience TOTAL BLACKOUTS, including New York. Our New York Stock exchange is obviously located in New York City. So what’s going to happen with the traders loose their power and the market computers go down. That is the real posibility that we face today, because of the igorance of Donald Trump, thinking that he is the ‘Powerful Almighty’.

The world is so much interconnected these days, that having that stance especially with Canada, a country that we are so interconnected with, is just outright suicide. 97% of Canada’s export of oil came directly across the border into the United States. We were their largest trading partner, but since they cannot depend on us, they are going elsewhere for business right now. They are now working the the EU, China and Japan. Why? Because Donald J. Trump, our fearless leader when was supposed to save our economy, the reason why many people voted for him, has decided to instead, crash our economy.

How far will he go? That is the 50-million dollar question, but as of this morning, he’s not done and plans to continue on a path that will destroy America.

I’ll report on the market futures for tomorrow in my next post, and we will see where our ship is now pointing for tomorrow. This week is already turning out to be one of the worst weeks in American stock trading history as a government shudown is also scheduled for Friday. At the end of trading on Monday, if the markets stay open will already tell us if we are going into a recession.

A recession is a time in econonomicy activity that lasts longer than a few months. In other words, what Trump is doing may take a long time to turn around. Trump says we may need to feel the pain first. Well, that’s what’s coming, and it’s not something thay you can just turn off like a spicket of water.

In a nutshell, a common rule that indicates a recession is here is that there are at least two consecutive quarters of negative gross domestic product (GDP) growth. Contributing factors can be a loss in industrial production and retail sales and other indicators. The effects of a recession sometimes are not felt immediately, but are gradual and sometimes only last for a few month or longer, but the economy may not recover to its former peak for years.

Telltale signs are a dropoff in employment, as unemployment will remail high well into the economic recovery, so it’s a time that seems to drag on and on along with markets tumbling, which is EXACTLY what is happening now.

Why is this happening now? The U.S. economy just a short few months ago was one that was the best in the world. So what happened?

Donald Trump happened! Our country decided to elect a convicted felon as their president. That’s what happened. Look at his cabinet. Most of his cabinet would never even qualify for the positions that they hold during normal times.

None of this would have happened if Kamala Harris was president. All of the mass layoffs wouldn’t have happened. Peoples private information, social security information and all personal information now being shared with Donald Trumps minions like Elon Musk and his people who are pouring through our personal data would have NEVER happened. Social Security would not be threatened. Medicade and Medicare wouldn’t be in danger of disappearing. World aid programs throughout the world would still be running, but they are not. The markets would be strong, not constantly falling and the world would not look at us as no longer a leader in the world economy.

There is GROSS INJUSTICE happening in our government now, and our Supreme Court is also responsible for allowing a convicted felon, an insurrectionist who under our laws in the Constitution of the United States that we are supposed to follow should never have qualified to be a president, has relinquished our Democracy to let who I consider an autocrat, someone who cozys up to Putin, and someone who would sell his soul and is doing just that to get his name on EVERYTHING, IS DESTROYING AMERICA.

Passionite about this I am, as I’m just as disgusted that this had to happen to our country, in a time that democracy and America was admired by the entire world. Now, the world is treating America as an outcast. The American dollar value s falling, and all of a sudden America is not as strong as we had hoped. Democracy is fragile, and what is happening now is a test of the American people to push past this, but first we still must figure out how to.

An update to the markets for Tuesday will be published soon.

 

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!!!

Trump Continues to Push Agony on Investors – More tariffs on the Way

March 8, 2025

Yesterday, I watched the stock markets intentely during the opening bell and at closing. There were millions of dollars changing hands, and the brokers seemed not to know whether to buy or to sell.

The markets seem so volatile. And yes it was. Why? Mainly because of Donald Trump’s tariff threats. Just before closing 2 nights ago, Donald Trump halted tariffs on Canada and Mexico, because I believe he finally saw the writing on the wall.

According to J.P. Morgan the following is very true…

If you know what to do in times like this, then you can survive. First, you must remain focused on ensuring your portfolio withstands uncertainties without derailing your near-term needs and long-term goals. A resilient portfolio is properly diversified and tailored to your long-term plan.

Friday at the final bell, the DOW closed at 42,801.72, which was a .52% increase in volume. That was a win. The DOW gained 222.64 points today. It opened at 42,503.07.

The stock market in general has had a pretty dismal performance in the last 3 months, but for the year, it is bearly hanging in the green with just a .61% gain from Dec 31, 2024. During the entire year of 2024, the markets were in the green at 10.53% from the previous year. So far, compared to 2024, this year is just a disaster. And it’s not even the end of the first quarter of trading for the year.

Trump finally cancelled his tarrifs on Canada and Mexico at least for a month until April 2, which was responsible for the slight gains today in the DOW. If he would stay away from taraffs and let the markets recover, the markets will stop spirling and inflation will ease.

But unfortunatey, that is not what Trump plans to do. He is an absolute sicko. When he found out that his 25% tariffs were going to tank the U.S. economy, now he has decided to go another route. His main goal seems to be to inflict “pain” on the American people.

He is ‘hell-bent’ on punishing Canada, our closest neighbor and friend. God only knows why. No other president, Democrat or Republican would be so foolish than to threaten neighboring countries with tariffs. So after just a single day of recoup of the DOW that ended in a positive note today, he has decide now to put new tariffs on Canada, now aiming a 250% on dairy products with Canada, which he claims is a reciprical tax on what Canada has been doing with exports to the U.S. regarding dairy products.

Out of the 5 trading days each week, this week there were just 2 days of uptick results but 3 days with a nose-dive in results with the DOW.

So what’s coming regarding tariffs now?

In a YouTube video, Trump again blamed the prior administration for dairy product tariffs, which he claimed under his watch during his first term. A single day doesn’t go by where he doesn’t try to justify why he initiates tariffs. If it isn’t for the country he blames, he blames Biden.

He claims because of the tariff, it is impossible to sell dairy products along with lumber into Canada. He stated that Canada has been…

“ripping us off for years on tariffs for lumber and dairy products.”

He claims that…

“Canada will be met with the exact same tariff unless they drop it. That’s what reciprical means, and we may do it as early as today or we will wait until Monday or Tuesday, but that’s what we are going to do. It’s not fair, and never has been fair. “

His reciprical tariff on Canada – 250%.

It seems that every hour Trump threatens with a new tariff, or holds back or delays. He’s now also threatening to tariff steel and aluminum imports next week.

So how are the markets going to handle that? It doesn’t take a rocket scientist on what’s about to happen. Well, the markets won’t be stable enough next week to handle Trumps latest tariff threat.   Now that Donald Trump couldn’t keep his upcoming tariff plans under a hat, the investors will have a field day with trading next week, and there will be more devestating losses throughout the week. But mark my words here. Trump is weak and is a coward. He will cave again when he sees where the markets are heading next week.

In April, there are tariffs that loom from the European Union, on autos and reciprical tariffs. Then later on this year, there will be tariffs on copper, timber, lumber and semiconductors. Not to mention the tariffs that were threatened today on dairy products from Canada. 

So there is so much uncertainty in trade policy at the moment, and the Trade Policy Uncertainty Index is going through the roof at the moment. It started to go crazy during his first term, and now again in 2025, more than ever. The markets don’t have a chance in hell to stablize and there will be no time in the near future where people can SAFELY invest in the markets. If you are a risk taker, there will be lots of risks you can take, but many more that you shouldn’t. For the normal investor if you bank your returns on the U.S. stock market from day to day, it is not a good bet to go that route.

So the downturn will continue in the markets next week. I’ll post a report on the Dow futures on Sunday Evening, and we can get a glimpse before the opening bell on Monday on how the markets will begin with trading which should be very volitile for the next week.

Trump will make concessions, like the weak man he is, that’s after people will loose millions thanks to his tariff policies. Then, he will just initiate another tariff, because he is very good at what he does best, and that is to inflick “pain” on the American people.

Again, I ask my Republican friends. What do you think now of Trump in his ability to save the economy. Friends, it’s cratering, and sooner than later we may be in recession territory. You will know when that time comes. The news folks will be talking all about it. But by then, it just may be too late.

Canada, Mexico, China, Japan, and the European Union are not waiting for Trump to change. They know that global trade must go on, with or without the United States, and they will trade without America if they have to.

Donald Trump is a WEAK COWARD !

March 6, 2025

You might get the impression by the title of this article that I’m a little upset. Well, you are right.

Trump backed down again,  and of course I’m glad that he did, just one month after he backed down the first time over tariffs. I’m not mad because he backed down. I’m mad because of the chaos he has personally created, the pain that people have already suffered, and now he can stop the pain by HIS choosing, when he didn’t have to inflict it in the first place. He thinks he is more than a king. He thinks he is God. He feels he has the right to play with our lives at his whim. That’s why I am mad. TRUMP IS EVIL.

The second thing I’m mad about is because the U.S. Congress is allowing the president to initiate tariffs, when in fact POTUS does not have that power. It belongs to Congress and ONLY Congress can initiate a tariff. So why are we going through this? It’s because Republicans control all three branches of government so they continue to be silent and let Trump do his damage because they themselves are also COWARDS.

Wall Street was the greatest example today that has caught on to Donald Trump’s tactics and what it would take to get him to back down from tariffs. Trump watched the stock market intently today, and just 20 minutes from closing, he makes the announcement that he is suspending his own tariffs. But by then, it was too late. Does Wall Street know that he means that he won’t initiate them again?  The markets still crashed. Well they don’t have to guess, because in his announcement, he stated that he was suspending the tariffs until April 2nd. No big deal right? Even though it just so happens to be a few days before TAX DAY. That is and will be ANOTHER stupid and cowardly move by president Trump if he implements tariffs right before tax day, or ever for that matter.

Wall Street knows that Trump is a pathological liar. When it comes to economics, Trump doesn’t understand a thing. So why did he back down? For one thing, the actual definition of a tariff forced him to back down. SO HE REALLY KNOWS WHAT A TARIFF IS! It doesn’t hurt the countries exporting to the United States, it hurts the American consumer who will use those products. It hurts people who purchase imported goods. That’s who it hurts. When the stock markets started to tank because of tariffs today, and millions of people and major businesses were being immediately effected, Trump backed down and now every country in the world knows that Trump is a COWARD. He stopped the tariffs just one day after he implemented them. It was important for him to inflict “pain”. Donald Trump labeled himself a coward when he initiated tariffs that he knew would hurt the American people and that he couldn’t posibilly continue with them, long term. He now realized that he can’t keep them in place in short term. Everyone knew that Trump would back down. And on April 2nd, he will back down again, but maybe a miracle will happen and he won’t initiate tariffs at all. He knows that the only citizens that will be most effected, especially by our closest neighbor of Canada will be the U.S. citizens. Will he ever apologize for implementing “PAIN” on the American people? Trump doesn’t even know what a simple apology is. He should be on the side of Americans, Canadians, Mexicans, Ukraine and people within Europe. But he’s not. He’s on the side of Putin. All democratic countries are outraged.

So why in his right mind does Trump continuously hurt his citizens? He takes pleasure out of it. He thinks it’s right that his people have to experience “PAIN” as he stated more than once and even indicated this admission in his ridicules 99 minute speech to a joint session of Congress last night. He rambled on and on in the longest speech to joint members of Congress, EVER. He always has to do everything more, including the ability to inflict punishment on his people.

Did you notice that he didn’t mention Medicaid and Social Security even once? Again, that will be in another post. Why not? But I’ll briefly touch on it here. Because he didn’t want to say publicly in that speech what he planned to do with those programs.  It’s right out of the 2025 Republican playbook. But it’s no secret. He wants to cut the funds from both programs, and let’s not forget about Social Security. Just before the speech last night, he mentioned Social Security and stated that there would be no cuts. Like I said, Trump is a pathological liar. If he had his way, he would take funds from Social Security and believe me when I say that he will try. Mark my words., or prove me wrong.  If Social Security is still around in another 6 months, your benefit will be drastically reduced, and at the same time Medicaid may not exist, with many slashes to Medicare. Costs for everything concerning medicine, services and anything medical will go up. But of course, Donald Trump just doesn’t care. He has the government take care of his medical needs at taxpayers expense of course.

Regarding imports, let’s talk about  an import that Americans take advantage of every day and cannot live without. I will also discuss this in detail in a later post. That would be about COFFEE. Do you realize that not one ounce of coffee is every grown here in the United States? Really! Think about if the American people couldn’t make a cup of coffee in the morning because we could no longer import coffee. What would happen to Starbucks in the United States and Starbucks World Wide?  Do you know that Starbucks employs almost 500,000 people world wide. People working to support coffee products total into the millions of people. No coffee, lost jobs, and lots pissed off people. There would be massive layoffs and business closings if we didn’t have that simple luxury of coffee. That’s what you would have. But Trump’s idea is that America should not be buying a single thing from another country. Not even coffee beans. He wants America to be completely self sufficient. That would be great in a Perfect World, but we all know that this is not the case. Every country in the world except North Korea, including Russia is involved in international trade, but Donald Trump doesn’t want that, because he wants everything his way or no way. He’s doing a super great job trying to isolate the United States of the America from the world. He’s trying to play God, but what he is demonstrating is that he is a Coward, not a leader that anyone can respect. He thinks he needs to be in the news each and every day. If the news is not about him, it’s not important. Even his Republican base is abandoning him because his policies and his actions are affecting them too, not just Democrats. Many voted for him, and now he’s taking their jobs. Why would he care? He will never run for re-election under the present rules in the Constitution unless he gets the ability to change the Constitution in his favor. And he is such an autocrat that he will try to do that at the end of his term, unless he finally gets tired enough as being the oldest president of the United States. After all, the way he is thinking, because the Chinese President XI now to be  China’s permanent president just because he said he wanted to and has decided never to step down, Trump thinks he can do that too. Who cares what the Constitution says, because Donald Trump doesn’t care what’s in the Constitution. Will anyone stop him. Yes, tough times are ahead, but Americans need to push through all this nonsense and in four years, welcome in Democracy while hopes are up that the Democratic countries around the world will accept us back with open arms.