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Josh Sigurdson talks with Mark Gonzales about the skyrocketing prices as not only does inflation come home to roost but the trade war continues to boost prices across the board.
While many want to hide their heads in the sand and pretend the trade war woes are temporary, permanent changes are currently being made including Ford Motors announcing a rise of $2,000 per vehicle due to manufacturing problems under the tarrif system. Prices are rising both in China and the United States with no clear "winner." One thing is for sure. The consumer and the hard working American is not the winner. Nor are the businesses depending on imports.
Simultaneously, Trump is pushing more socialist policies on top of these already existing issues. For example, he is now urging the GOP to do what Bernie Sanders and Hillary Clinton had been asking for. Raising taxes on the "rich," and by that, he means raising the tax bracket in those who make 2.5 million dollars annually from 37% to 39.6%. This further effects the pricing of products, services as well as the rate of employment for these businesses.
Trump is getting suspiciously closer to the idea of "owning nothing and being happy" as The World Economic Forum promotes. He's even saying in a strange television interview that little girls shouldn't own so many dolls or pencils... whatever that's supposed to mean...
The Federal Reserve, one of the biggest scurges on humanity is keeping interest rates unchanged at 4.25 - 4.5% as they warn about stagflation.
Meanwhile, the CBDC system is being revealed and billionaires are building bunkers across the board.
Are you prepared?
Stay tuned for more from WAM!
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