Mike Swanson joins Scott to talk about President Trump’s latest tariff announcement against Mexico. Trump and his team may think these trade policies are good for the economy, says Swanson, but they may also just be using the trade war as a way to shift blame elsewhere, should the U.S. have a bad recession during Trump’s presidency. Yet another possibility is that Trump knows protectionism is deleterious overall, but believes the effect may be worse on countries like Mexico and China, so that if the world economy takes a hit, America may come out better than others, and still be able to attract investment. Swanson believes many of the same signs from the 2008 crisis are pointing to another big recession that could come in the next year or two. His advice: buy gold and silver now.
Discussed on the show:
- Long March
- Smoot–Hawley Tariff Act
- Greenspan’s Bubbles: The Age of Ignorance at the Federal Reserve
- The Great Deformation: The Corruption of Capitalism in America
- Big Debt Crises
- Bretton Woods system
Mike Swanson provides investment advice at wallstreetwindow.com and is the author of The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite. He also works with the Neopolis Media Group, a group of historians, educators, authors, researchers, and free speech advocates who endeavor to provide original and engaging content, including The Ochelli Effect, and The Lone Gunman Podcast.
This episode of the Scott Horton Show is sponsored by: Kesslyn Runs, by Charles Featherstone; NoDev NoOps NoIT, by Hussein Badakhchani; The War State, by Mike Swanson; WallStreetWindow.com; Roberts and Roberts Brokerage Inc.; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; and LibertyStickers.com.