April 7 - Trump's Reckoning for the Rich
April 7, 2025
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The Rich are taking a Hit!
Treasury Sec. Scott Bessent said 88% of stocks are owned by just 10% of the population.
12% are owned by the next 40%. The bottom 50% of the population has debt: credit card, rent, auto and student loans. Much of the money created by money-printing has been eliminated.
There was definitely a general sense of material excess. Will this douse the "irrational exuberance?"
Bessent--"It Would Be Easy To Keep Pumping Up The Economy, Borrowing A Lot Of Money, Creating A Lot Of Government Jobs"
"There was no controversy when we were doing all that, but you would have ended up in a calamity," he said. "If you go back and look at the financial crisis in 2007-08, the economy looked great right up until then. You go back to the end of the dotcom bubble, and the whole credit problem, fraud at Enron and some other companies, the economy looked great until it didn't."
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White House Official Says More Than 50 Countries Reached Out for Tariff Talks
'They're doing that because they understand that they bear a lot of the tariff,' Kevin Hassett said.
If foreign countries remove their tariffs, won't that defeat the purpose? Isn't the purpose to bring manufacturing back to the US?
Are Americans now supposed to compete with Asian sweat shops? Bangladesh tariffs raised from 16% to 37%
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Encore: Ex-CDC Director: 'Long Covid' Is 'mRNA Vaccine Injury'
American virologist Dr. Robert R. Redfield, who served as the director of the U.S. Centers for Disease Control and Prevention (CDC) during the pandemic, has admitted that reports of "so-called Long Covid" are actually a cover-up for global surges of "mRNA vaccine injury."
Redfield made the explosive admission during a new interview with the MAHA Initiative podcast.
During an almost three-hour conversation with host Del Bigtree, Redfield blew the whistle on the Covid lab leak, discussed Robert F. Kennedy Jr.'s new role in public health, and dropped bombshells on the pandemic
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Michael Zwaagstra: Toronto Students Suffering Under Woke School Board
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'Not so hasty, good sir!': sex tips from the world's first advice column
From orgasms to onanism - in 1690s London, The Athenian Mercury answered questions nobody else dared to tackle
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Enlightened people will understand this.
Alan Watts: Why the Chosen Ones Walk Alone. He says many friendships are based on having "common illusions."
Once these illusions are dispelled, they have no basis.
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Jewish 'Fixer' dr. Michael Baden Hired To Ensure Jeffrey Epstein's Autopsy Protects Mega Group?
Epstein is alive
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Amy Hamm: I've been fired for my gender critical views. But I'm far from cancelled
My public shaming has been ineffective because I value the truth more than my reputation
"Two weeks after a panel for the B.C. College of Nurses and Midwives (BCCNM) ruled that I was guilty of unprofessional conduct, for sharing my views on sex and gender ideology, Vancouver Coastal Health authority (VCH) fired me from my job as a registered nurse of 13 years. I was given zero severance pay.
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Doctor: For the first time in my career, I've seen 8, 9, and 10-year-olds with colon cancer...
According to Dr. Soon-Shiong, what we're seeing might not just be a coincidence or statistical fluke--this could be the beginning of a global epidemic of turbo cancers, and Big Pharma is doing everything it can to shut him up.
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17-Year-Old Died After Taking Lethal Covid Injection, Ontario Judge Denies His Family's Liability Claim
"There is no private law duty of care to individual members of the public injured by government core policy decisions in the handling of health emergencies which impact the general population," she continued.
In September 2021, 17-year-old Sean Hartman of Beeton, Ontario, passed away just three weeks after receiving a Pfizer-BioNtech COVID shot. -
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Musk on the Birth Rate - We're doomed if we don't start having children
The collapse of birthrate is deliberate. Gender dysphoria took care of that.
I like Musk but can't understand how he can condem Ukrainian genocide but not Palestinian.
Suspect he is against that too, but must pretend to support it.
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Reader--"Jeff Berwick tilts over all the Potemkin villages and paper houses. Satisfying interview. Public opinion is actually funny (and tragically stupid).
BR said (April 8, 2025):
1. Gains already being made:
1.1 www.cnbc.com/2025/04/07/peter-navarro-says-vietnams-0percent-tariff-offer-is-not-enough-its-the-non-tariff-cheating-that-matters.html
1.2 Apple to invest $500 Billion over 4 years inside the USA, and more companies too (e.g. Hyundai):
https://voz.us/en/economy/250329/22692/from-apple-to-hyundai-the-multi-billion-dollar-investments-promised-in-the-u-s-after-trump-s-return-to-power.html
1.3 Following the 1986 car Tariffs from US and EEC (now EU), Japan's car industry took a nose dive and Japan turned into crisis
till date. It brought over to Ohio the now famous Honda Accord factory, proving the possibility make quality cars inside the
USA by regular Americans.
1.4 Re-industrialization is going to cut into the fat-cat importer profits gained by means of having exported the Industry,thus the stocks expecting such financial profits are likely to drop some. Much of such profits was made by US owned Tech companies who manufactured and even assembled in the far east.
1.5 The US cannot allow itself to keep on having its F-35s and Aircraft carriers comprising so many (if any) Chinese parts.