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Economy

Trump is going to continue to stand strong because he can’t afford to look weak on China with an election coming up, and the Chinese are not going to throw in the towel when they may only have to wait 18 months for Trump to be out of the picture. So, for now, we have a trade war to deal with, and with each passing day it is going to become increasingly painful.

Ford Motor Co. is finishing up their final round of layoffs today. About 7,000 workers worldwide are losing their jobs in this “booming economy” as unsold vehicles continue to pile up in the once empty parking lots of closed retail establishments.

Wal-Mart gets approximately one-fourth of all the merchandise that it sells from China, and Wal-Mart’s CFO is warning that “higher tariffs will lead to higher prices for customers”. In other words, U.S. consumers will soon be feeling a lot of pain.

Global economic activity has already been slowing down dramatically, and the U.S. trade war with China is just going to make things worse.  In so many ways, what we are witnessing in 2019 is quite reminiscent of what we witnessed as the last recession was beginning.

Ponzi schemes like social security will be even less solvent than ever should the birth rate in the United States continue to decline at such a rapid rate. As the population ages, there won’t be enough workers to pay for the aging population, and the Ponzi scheme will finally be exposed.

This is flashing warning signs for the future of the United States dollar.

With the national debt spiraling quickly out of control, there are only a few years left before every single dollar the government borrows will go toward funding interest payments on the national debt.

The termination of that agreement will result in high tariffs being imposed on all tomatoes from Mexico, and researchers at Arizona State University say that we will soon be paying “40% to 85% more for vine-ripe and other fresh tomatoes”…

We should all get prepared for an extended trade war, and this trade war is going to affect you and your family in a number of different ways.

We need trade with China to be fair and balanced, but are we willing to go through an extraordinary amount of economic pain to get to that end result? And once relations with China break down, will they ever be able to be repaired?