My Thoughts On Tariffs – Trade War Incoming
In my network of friends / family / colleagues, I’m most often known as ‘The Investment Guy’.
Because of this, I’m often asked about the latest trend in investing, whether it be years ago, gold and silver, the Greek Crash a couple years ago, or more recently, weed stocks and cryptocurrency.
Three weeks ago I detailed The Worst Company I’ve Ever Evaluated – And It’s Not Even Close, the many reasons why that Ethereum based public company I evaluated was by far the worst company I ever evaluated.
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Two weeks ago, I shared my full thoughts on Cryptocurrency in general.
Last week, I gave my thoughts on why I deem Forex as dangerous.
And today we’re going to talk about something new that came up in the last couple weeks… Tariffs.
Before we get to the video, here is a graphic illustration of how tariffs work from an economic standpoint.
Let’s get to it…
In the 10 – minute video above, I detailed the following things…
- Why I disagree with the proposed tariffs
- What the tariffs could lead to – trade wars, higher prices, layoffs, etc.
- What tariffs are.
- Why this reminds me of early 1900’s protectionism
- And more…
I’d love to hear your thoughts about on the proposed tariffs in the comments below…
Am I wrong? If so why? Let me know below.
If you’re looking for more in-depth info, here is a great article from Quartz outlining the various aspects of these tariffs and what they could potentially lead to.
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