SPDR S&P 500 (SPY)

[tw0122]

Tariffs a convenient distraction for the chaos caused by Fed and Central Banks. A scapegoat event for the crash of the Everything Bubble that the banking elites have been engineering for the past ten years. With tariffs about to be implemented against Europe, along with numerous other indicators, we are on the verge of a "Lehman moment", a point at which the underlying crash strikes mainstreet hard and the public finally realizes the full danger of what is happening. Tomorrow expect that US/China trade talks will amount to basically nothing, though, both sides may play up the "possibility of a deal" in order to fool the masses for a little while longer...China and the US are ok with tariff taxes on their respective peasants



The prices of Scotch, French wine, cheese and other European exports is about to go up in the United States: the Trump administration announced new tariffs on billions of dollars’ worth of goods from our enemy the European Union scheduled next week.

President Trump got the go-ahead from the US run World Trade Organization to impose tariffs on $7.5 billion worth of European exports annually in retaliation for government aid to airplane maker Airbus. The award is the largest in WTO history.

The United States plans to impose a 10% tariff on large civil aircraft from Britain, France, Germany and Spain. It will slap 25% levies on a range of other items including Irish and Scotch whiskeys, wine, olives, cheese, pork products, butter and yogurt from various nations, according to the U.S. trade representative’s office.