The Liberty Advisor Show W/ Tim Picciott
Business:Investing
Full video here: https://youtu.be/1wbYFnHxOfY
Hi Everyone this is Tim Picciott it is Dec 4th and welcome to episode 40 of the liberty advisor podcast
Man what a tale of two days. Yesteday the market was up over 500 points and today the dow finished down nearly 800 points.
Other big losers included Nasdaq down 3.8 russel down 4.4 S&P down 3.24% and the ten year treasury is back under 3% at 2.912%.
Yesterday a lot of people were optimistic that we’ve come to an agreement with the Chinese.
To me is doesn’t matter whether we have an agreement or not. This crash is has been baking for a long time and now that the FED was dumb enough to believe they could raise rates this many times the crash that has been baking is almost ready to be taken out of the oven
And whether the Chinese and the us have a trade agreement is material. Now if the 25% tariffs were enacted katy bar the bar boom instant recession. That would be like a ton of lead weights to break this camels back and we’re at the point where this camel couldn’t handle another straw but in terms of taking weight off the camel this agreement does very little in terms of taking pressure off. It only avoiding a major self inflicted wound
All along I thought the president was just BS ing. There was no way he could enact those types of tariffs. Doug Casey called tariffs an embargo on yourself and this is exactly what it is in my opinion.
Mike Tyson once said everyone has a plan till I punch them in the face except this time we’d be punching ourselves in the face.
So this temporary agreement did nothing meaningful except avert a self imposed disaster at the end of this month.
And if you are the Chinese yo are getting the raw end of this deal not the Chinese.
The Chinese give us real gooods and we give them digital Iou’s
If we head to trumps twitter feed you see his tweet from earier today about being a tariff man.
Bond market not buying it
Major headwind of QT that has nothing to do with fed funds rates
All of this spells disaster.
If purpose of WE was to raise assets now those asset prices are coming down. Prepare yourself today.
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A Pro Trump Libertarian's assessment of the President.
LAS e 15: Deep State Lures Trump into Syria
CWS e 3: Say What? Bitcoin may lower portfolio volatility!
LAS e 14: The Governments Odds of Financial Success is ZERO!
LAS e 13: Being Consistent
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Free Talk Live appearance at Anarchapulco 2018
01-25-18 TIM PREDICTS THE “VOLOCAUST” DAY BEFORE STOCK MARKET HIGH ON DECLARE YOUR INDEPENDENCE
Episode 14 - Tim interview Congressional Candidate Sheriff Richard Mack.
FISA MEMO BREAKDOWN with Ernest Hancock and Tim Picciott
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Episode 12 - The Trump Effect and Why Good News is Bad News
Crypto Wealth Show E 2 - Bitcoin v bitcoin cash
Episode 10 - Doug Casey, Ernest Hancock and Tim Picciott
Ep 9 Bitcoin / Crypto's How much to invest, should you invest, how to invest etc.
Episode 8 - Comparing Bitcoin / Crypto Currencies to the US Dollar
Episode 7 - Adam Kokesh launches his Presidential Bid!
Crypto Wealth Show e 1: What is Bitcoin, Why did bitcoin fork, is it a bubble?
Episode 6 - GOP Tax Plan, AntiFa, Trump’s Fed pick
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