As recently as early this month the stock market broke down and plunged, signaling the onset of a major bear market. The reason that it broke down was Trump’s tariff rampage and that’s a good reason, because these punitive tariffs will destroy not just the Chinese economy but most everyone else’s, including and especially the United States. To anyone who says “They wouldn't do that, would they?” the answer is “Oh yes they would.” The billionaire oligarchs who run the planet have already made their objectives crystal clear – they intend to cull most of the population and turn those who survive into a slave class. They set out their plans on the Georgia Guidestones which included getting the population down to a “sustainable” 500 million and if you have ever been to a place like Mumbai or even Venice in the Summer you will at least partially understand their point of view. After Covid, the Georgia Guidestones were starting to attract too much attention so they
blew them up. The methods they are using to get the population down include bioweapons and bioweapons injections and they are now refining the latter by injecting foodstuffs with MRNA etc., economic sabotage such as tariffs, and wars. They do not differentiate between the middle class, the working class and the underclass, they are all cattle as far as they are concerned who require culling.
Some of you may recall “The Project for a New American Century” which was cooked up by US Neocons in the early 1990’s. One of the core stipulations of this was that no country or region of the world would ever be permitted to challenge the hegemony of the United States and if one threatened to, then whatever action was necessary to stop it would be taken. In recent years China has ascended to become the 2nd most powerful country in the world after the US and it has grown to the point that it has come to be regarded as a serious threat to US hegemony. Action therefore needed to be taken to stop it. This was a big reason for the Covid psyop and it helps to explain the cosy relationship between the biolabs at Fort Detrick, Maryland and Wuhan in China. There has been a massive drop in the Chinese population over the past several years that has been largely hushed up, apparently to the tune of several hundred million people and it thus appears that the Chinese were singled out for special treatment with a race specific bioweapon and they wouldn't have had too much trouble getting corrupt officials to go along with it - remember when millions of them were banged up in those awful tower blocks screaming and banging pots and pans? The Chinese people themselves have recently been subjected to “gaslighting” on an epic scale. They have been flooding hospitals with serious cases of the flu and various other ailments and
dying like flies – the crematoria and funeral services can’t keep up. They are told that they have “long Covid” – translation: their immune systems have been trashed by the Covid vax, which they couldn’t evade, due to living in a Communist dictatorship, and they are now being culled
en masse. This has led to what must surely be classed as the finest example of gaslighting ever concocted, with
videos appearing which purport that the reason why 400 – 500 million people have disappeared is that the government overstated the population figures by that amount to start with
– you couldn’t make it up. Of course this explanation falls short of explaining why
the streets, shopping malls and subways of Beijing and Shanghai are empty
and the fatuous explanation that they are because “everyone has gone home to the country because they can’t find work” falls down when you realize that the countryside is empty too.
China has been subjected to a 1-2 punch, with Covid and the Vax being the 1st punch and the tariffs being the 2nd punch. Trump imposing tariffs on the entire world was in part a smokescreen to disguise the fact that they are intended to deliver a final knockout blow to China, this is evidenced by the fact that the tariffs have been “walked back” with a 3-month moratorium being placed on them – but not for China.
The situation in China now is dire, with hundreds or even thousands of factories being closed and the workers being dumped on the street to face destitution and eventual starvation. China has retaliated with reciprocal tariffs but the problem it faces is that it exports far more to the US (or rather did) than the US exports to it, so even though the US will get hurt it won’t be as much as China. Its big mistake in the past was allowing itself to be seduced into excessive dependency on exports to the US, which has made it vulnerable to the sort of predatory moves by the US Neocons that we are now seeing – they have should have spent more time reading “The Art of War” especially as they wrote it. Can China get through this? – probably yes, after a long and painful period of adjustment that could see many of its population die, but it will have to learn to trade less with the West but more with the other countries in Asia.
According to normal criteria none of this makes any sense. Tariffs are by their very nature communist since they involve gross interference in free trade which is kind of ironic when you think about it, given that the US is supposed to be the bastion of free enterprise, so that those who are more competitive and strive to produce more efficiently have all their good work undone by overreaching governments sticking their big noses into their affairs. They should be viewed as what they are, which is sabotage and economic vandalism that causes devastation to producers and consumers alike, with valuable workers being idled and consumers forced to pay much much higher prices, all so that governments can throw their weight around pursuing what are often crackpot agendas.
This tariff war between China and the US means that thousands of Chinese factories and production facilities are being closed down with the bosses facing bankruptcy and the workers being thrown out on the street but at the same time it means that the American consumer will no longer be able to buy many things at a low price that the invisible army of “plantation workers” thousands of miles away working 12 hour shifts and sleeping 6 to a dorm were making. None of this matters to the billionaire oligarchs running things of course – what matters to them is their agenda of culling the population and reducing the survivors to a state of dependency so that they are more willing to accept the CBDC cashless society. The notion that the US “will bring the jobs home” is arrant nonsense – after decades of outsourcing production to places like China and Indonesia it would take years to create the manufacturing capacity at home, not weeks or months, not to mention the fact that
many Americans are no longer suited to factory production line work. With China over time having become “the factory of the world” and having created complex and very efficient supply chains it would be much less efficient for countries to aspire to produce everything for themselves locally as a result of this protectionist mentality taking hold.
It is impossible to overstate the blowback that will be heading for the US as a result of this declaration of economic war on the rest of the world. Having outsourced much of its production, the US has grown accustomed to swapping piles of intrinsically worthless paper in the form of dollars and Treasuries for vast quantities of goods and services from overseas. The way for these other countries to “get even” could not be clearer – they will be dumping dollars and Treasuries as fast as they can with the result that the dollar will tank and, having little productive capacity left apart from producing bombs and missiles, the US exceptionalism will die a painful death as the country shrivels into relative obscurity and in the direction of a banana republic. Those running the show know this and don’t care – they have no more concern for the average American citizen than they have for a Chinese Factory worker – and it suits them because then they will have the domestic peasantry where they want them – destitute and dependent on the State.
In light of all that is set out above it is small wonder then that stock markets around the world started to crash early this month, including of course the US market. If this destructive protectionism, manifesting as tariffs continues, as it looks set to, given that those implementing these policies suffer no personal consequences as a result of them, then the result will be economic devastation so the bear market that was signalled early this month looks set to continue and become a lot more serious. So now we will look at the latest chart for the S&P500 index to see what it has to say.
On the 6-month chart for the S&P500 index we can see that, after weakening earlier in the year, the market was hit hard early this month by the ramping up of the tariff war which caused it to breach support and plunge in a decidedly bearish manner on heavy volume with gaps down. There was a huge recovery rally on the 9th but bear market rallies are often spectacular and thus deceptive and that is probably the case this time. Having rallied up to the resistance shown to correct the earlier heavily oversold condition, the market looks like it is rolling over to drop again.
The drop in copper early this month was related to the steep drop in the broad stock market and it is worth taking a brief look at it because of this association. On its 6-month chart we can see that after breaking down from its uptrend, copper also plunged but over the past week or so it has made a substantial recovery rally that has brought it back up to the resistance and also to its 50-day moving average and with a bearish looking candle forming on Thursday it looks set to drop again, probably in sympathy with the broad stock market. This makes sense, despite the supposed copper supply crunch, because this will obviously ease if the world economy contracts dramatically as a result of the continuing economic suicide resulting from a trade war.
End of article.
Posted at 4.30 pm EDT on 20th April 25.