The Liberty Advisor Show W/ Tim Picciott
Business:Investing
Full video here: https://youtu.be/1wbYFnHxOfY
Hi Everyone this is Tim Picciott it is Dec 4th and welcome to episode 40 of the liberty advisor podcast
Man what a tale of two days. Yesteday the market was up over 500 points and today the dow finished down nearly 800 points.
Other big losers included Nasdaq down 3.8 russel down 4.4 S&P down 3.24% and the ten year treasury is back under 3% at 2.912%.
Yesterday a lot of people were optimistic that we’ve come to an agreement with the Chinese.
To me is doesn’t matter whether we have an agreement or not. This crash is has been baking for a long time and now that the FED was dumb enough to believe they could raise rates this many times the crash that has been baking is almost ready to be taken out of the oven
And whether the Chinese and the us have a trade agreement is material. Now if the 25% tariffs were enacted katy bar the bar boom instant recession. That would be like a ton of lead weights to break this camels back and we’re at the point where this camel couldn’t handle another straw but in terms of taking weight off the camel this agreement does very little in terms of taking pressure off. It only avoiding a major self inflicted wound
All along I thought the president was just BS ing. There was no way he could enact those types of tariffs. Doug Casey called tariffs an embargo on yourself and this is exactly what it is in my opinion.
Mike Tyson once said everyone has a plan till I punch them in the face except this time we’d be punching ourselves in the face.
So this temporary agreement did nothing meaningful except avert a self imposed disaster at the end of this month.
And if you are the Chinese yo are getting the raw end of this deal not the Chinese.
The Chinese give us real gooods and we give them digital Iou’s
If we head to trumps twitter feed you see his tweet from earier today about being a tariff man.
Bond market not buying it
Major headwind of QT that has nothing to do with fed funds rates
All of this spells disaster.
If purpose of WE was to raise assets now those asset prices are coming down. Prepare yourself today.
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CTN 5/3: Did China Release This On Purpose For Economic Takeover
CTN 5/2: Is The U.S Power Grid and Infrastructure Next To Fall?
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CTN 5/1: Elon Loses It AGAIN! Toilet Paper Psyop & Global Economic MELTDOWN
CTN 4/30: Pucker Up! The Fed Is Trying To Put Lipstick On A Pig; Leave No Asset Behind
Tim & John Show e 9: World's Oldest Gold Trading Company Exits Business & What Would Happen if the US Defaulted on Debt to China?
CTN 4/29: Who Is The Bigger Covidiot? Pence or De Blasio? Also Luke & Tim Debate
CTN 4/29: You Won't Believe What Dr Fauci Was Doing A Few Years Ago
CTN 4/28: The Supply Chain is BREAKING! Don't Run Out of Food
CTN 4/27: Are Things Going Back to Normal? What About the Money?
CTN 4/26: If You Want to Rob The World, Buy a Bank
WAM 4/25: HOW LONG Will It Last? - The Greatest Collapse In History And How It Affects YOU!
WAM 4/20: BREAKING: Oil CRASHES Into NEGATIVE! - Market DEVASTATED! - What Is Happening?
CTN 4/23: You Won't Believe Who Is Behind An EU Perpetual Bonds Scheme
CTN 4/23: Will There Be Breadlines in 21st Century America?
CTN 4/22: And Now You Won't Believe What They Won't Let Us Talk About
CTN 4/22: Will There Be War?
CTN 4/21: Money Won't Be Worth the Paper It's Printed On. Bailouts, Oil, & Gold
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