Tariffs Trigger Looming Financial Crisis
Peter returned to the mic Friday to examine the latest fallout from Trump’s trade policy. He decodes the so-called “Liberation Day” rhetoric used by the administration, reiterates the unintended economic consequences of protectionist measures, and warns that the United States might soon face an unprecedented financial crisis. Peter also discusses practical financial strategies, urging listeners toward safe haven assets like gold as a critical hedge in these uncertain economic times.
Peter starts off by questioning the surprise expressed by mainstream analysts when confronted with recent market shifts, noting that what seems unexpected to many aligns with his long-standing predictions:
I’m watching in the financial media, and people are talking about all the moves in the market that nobody expected. Everybody is talking about how nobody thought that the dollar would go down or that bonds would go down and rates would go up with tariffs. Everybody was surprised by the markets because everybody’s been saying it’s counterintuitive. Well, it’s only counterintuitive if your intuition is wrong. Everything that has happened since Liberation Day is exactly what I said would happen before Liberation Day as a response to the liberation.
Peter challenges Trump’s triumphant portrayal of reciprocal tariffs, pointing out the hidden realities beneath the surface. Instead of a victorious economic policy, he sees a misguided and harmful tax on the American people:
When Trump announced these reciprocal tariffs, he was so pr
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
