Mining Sector Ideas

[ombowstring]

I'm thinking downtrend, but definitely wait till things play out a bit. It hadn't occurred to me, as silver bars pointed out, that China and others could stop buying US debt and then how would we finance our obligations? THAT COULD PLUNGE US INTO A DEPRESSION, A GREATER DEPRESSION THAN THE ONE BEFORE. The repercussions here could be catastrophic. I think I'll just hold onto the stock positions that I have now although it may be years before it makes sense to sell them.

Almost all commentators think these tariffs are a bad idea. It's a trade war and no one wins a trade war!! Look at this -

what did Reagan say about trade wars?

https://gemini.google.com/app/9a241214e348f8ce

Based on the search results, Ronald Reagan's stance on trade wars can be summarized as follows:

Opposition to Trade Wars:

Reagan warned against "trade wars," emphasizing that trade should be seen as an "economic alliance" where both countries benefit, rather than a conflict where one side loses.  

He cautioned against "demagogues" who would initiate trade wars, saying that they weaken the economy, national security, and the free world.  

Emphasis on Free Trade:

Reagan advocated for free trade, highlighting its role in fostering economic prosperity and strengthening international relations.  

He stressed that protectionism and trade barriers are detrimental to economic growth, drawing parallels to the economic distress of the 1930s.  

International Cooperation:

Reagan promoted international cooperation in trade, arguing that countries should work together to maintain open markets and avoid protectionist measures.  

In essence, Reagan believed that free trade fosters prosperity and that trade wars are destructive.