Jim Rogers Draws Parallels To 1930s World Economy Collapse
in response to
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posted on
Dec 15, 2018 02:01AM
SideNote: Please read below what Jim Rogers has to say about were the trade wars will lead the U.S. into total economic distruction. Sound very much like the 1875 Prophecy I have been posting here from time-to-time the past 10 yrs?? GRIM
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ASIAN REVIEW
Investing guru Jim Rogers draws parallels with 1930s collapse of world economy
(excerpts) One possible scenario for a full-fledged trade war is that the U.S. imposes high tariffs on every single product. This could push the U.S. into a trade war with other countries as well, stoking the flames of protectionism worldwide.
"People stop buying as much, whether cars, refrigerators or anything. People stop building factories. People stop investing because they're worried about their economy," he said.
Rogers is raising the alarm over the possibility that history will repeat itself. "In the 1930s, we had a trade war, started by America, which led to economic collapse and a shooting war," he said.
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1875 Prophecy - Trade Wars Against The U.S.A.
(Partial) "And the time will come, when we shall find ourselves restricted, and
when it will be very important indeed for us to patronize home
productions, and cease sending our millions abroad for importations,
for the gate will shut down, and circumstances will be such that we
cannot bring things from abroad."
SideNote: I saved the prophecy above from many-many years ago.
It now appears that the Trump legacy (part 2 prepared script destruction of U.S.) will be the death blow... trade wars that build a iron curtain around the US to destroy its economy. So no one will trade with the US.
(Part 1 laying the grounds for economic distruction)) was shipping all of the US manufacturing industries outside the country to places like China to exploit the cheap labor. While giving the Industrial giants a tax free haven for ALL their profits while Democrate and Republican Presidents did nothing to stop it. GRIM REALITY