TAKE NOTES PEOPLE -- we've been here before::
1930.
Raised import prices so high only the wealthy could afford them.
Decreased exports that led to bank failures.
Coincided with the Great Depression.
https://www.britannica.com/question/Why-did-the-Smoot-Hawley-Tariff-Act-have-such-a-dramatic-effect-on-trade
1930.
Raised import prices so high only the wealthy could afford them.
Decreased exports that led to bank failures.
Coincided with the Great Depression.
https://www.britannica.com/question/Why-did-the-Smoot-Hawley-Tariff-Act-have-such-a-dramatic-effect-on-trade
Comments
If there was mass withdrawing, we could likely trigger banking collapse.
Yes. A banking collapse. That sounds great. Disrupt. Stop the momentum. Wake them the f up.
And honestly, what is the difference? If they are abolishing the FDIC, they will probably do the same to the NCUA, and I wouldn’t trust either at this point.
Maybe time to start stuffing mattresses and throw pillows.
This… is entirely self-inflicted, in a time where international trade is nearly 30% of GDP.
Trump is poised again to plunge a booming economy into chaos.
Since tyRump has no clue and doesn’t read history he believed the man who wants America to die a horrible death.
Anyone? Anyone?
With OANN, Newsmax, & Fox their top sources, they're all in a k-hole sized echo chamber.
Governmental destruction by chaos is the point.