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Stock Market has Worst April Start Since 1929, What That Means for Us

We’re a few days into April so far, and it isn’t a good start for the stocks. The broad market index posted its worst April start since 1929. That’s Great Depression era levels of bad.

China’s recent tariff retaliation has caused the Dow Jones industrial average to fall 458 points (1.9%). The tariffs are pressuring agricultural trading in the United States in what’s starting to look like a developing trade war.

It’s no hidden truth that the odds of another Great Depression are growing daily. Market analysts have been warning people about this for a while. Analyst Peter Schiff has remarked about how our government is stunting economic growth.

“The Fed thinks they create economic growth … by [saying] ‘let’s jack up the stock market and then the economy’s going to grow and people are going to go out and spend more money.’ It’s actually doing damage. If you create a bunch of phony wealth, and people end up spending money that they otherwise would have saved, you are undermining economic growth.”

Schiff accurately predicted the 2008 recession and is now claiming that a dollar crisis is on the way.

Some consider it too late. The economic fall is inevitable at this point, and Trump is going to take the fall for it all. A number of his policies have been something economists have wanted in the past, but they’re being implemented in the wrong order and at the wrong times. With the majority of US citizens not having a strong grasp of economics, they will most likely point the finger at this one man when SHTF.

I hope you have a plan for self-sufficiency set up.

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