"This is a huge gamble worth taking. This is a time for all good Americans to buck up and be patient. This is the time to ignore looking at your 401K balance every stinking day. As the saying goes, the market is like riding on a roller coaster. Sometimes up, sometimes down. The only people who get hurt when the roller coaster goes down, are the ones who jump off."
Here are the facts. For many years now, we have had globalist type trade agreements with many nations worldwide. A few were okay, but the majority were lopsided. Net result? High deficits. Loss of good paying manufacturing jobs. Some long-standing industries all but disappearing. Where was this path leading us? To higher deficits. Less national security. More lost (good paying) jobs. In short, the once and powerful America was on its way to mediocracy.
Donald Trump has been aware of this issue since the 1980's. LONG before he dreamt of running for president. And then in 2016, he had his chance. He became the 45th president of the USA. But the headwinds were strong, and the swamp was deep. Trump could only scratch the surface of this most vexing issue. Then came the mysterious election, Trump loses, and his term was over. But the trade imbalance issue remained. And the globalist who replaced Trump had no desire to fix it.
Now in 2024, Donald Trump is back and filled with a resolve. This time he WILL fix it. What does he require from the American public while he does so? Faith and patience. The short-term pain of turning this battleship around will be replaced by well-deserved gain. But guess what? Many Americans are getting ready to flinch. They might want things returned the way they once were, even though THAT way was caustic to our country. Bottom line? When the time came to be brave for the sake of the union, some selfishly looked at their 401K balance and cried foul. "Put it back damn it! I just lost two grand (on paper) from this tariff foolishness!"
I know many who are retired who have seen some loss in fortune (on paper) since the tariff wars started. They are fine with looking at the long game of this strategy. Already it was reported this morning that 50 countries have contacted the White House to negotiate a new trade deal. Netanyahu is in town for talks, and some of those talks will include trade. Donald Trump is not out to screw anybody. But by the same token, Trump is not out to have America screwed any longer. Trump has the guts to make this happen. Many of the minions - do not.
This is a huge gamble worth taking. This is a time for all good Americans to buck up and be patient. This is the time to ignore looking at your 401K balance every stinking day. As the saying goes, the market is like riding on a roller coaster. Sometimes up, sometimes down. The only people who get hurt when the roller coaster goes down, are the ones who jump off.
Stay brave folks. This won't last forever. We will be a better country once it is over.
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