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We haven’t seen anything like this since 2008, and many believe that the economic downturn that is now upon us will ultimately be even worse than what we experienced a decade ago.
The price of just about everything is set to increase in the coming months. Part of this is because manufacturers and suppliers are facing rising costs, just like the rest of us.
If this reminds you of 2008, it should, because that is precisely what we witnessed back then.
We could have made much different choices as a society, but we didn’t, and now we are going to have a great price to pay for our foolishness…
Just weeks before Americans will go to the polls, the Fed has been making headline after headline with talk about interest rate hikes. And they very well understand that interest rate hikes will rattle investors and slow down the economy. In fact, every Fed rate hiking cycle since 1957 has ended in either a stock market crash or a recession. So could the Federal Reserve be doing this on purpose in order to sabotage Donald Trump and the Republicans?
Even though Trump has criticized the rising rates, the Fed turned the tables on him, saying his policies aren’t much better.
America could have chosen another path, but it didn’t.
The month of October has historically been the worst month by far for the U.S. stock market, and it has also been the month when our most famous stock market crashes have taken place.
Those of us who support real free trade must not let supporters of the USMCA get away with claiming the USMCA has anything to do with free trade. We must also fight the forces of protectionism that are threatening to start a destructive trade war. Also, we must work to stop the government from trying to control our economic activities through regulations, taxes, and (most importantly) control of the currency through central banking and legal tender laws.