By Brandon Smith

This past week after Donald Trump's "Liberation Day" announcements the Dow Jones Index plunged by around 4000 points and the global panic was palpable. Social media was rife with nervous naysayers on both sides of the aisle – The leftists are panicking but also cheering because they think crashing markets will turn into public support for the woke commie brigade.  A contingent of conservatives are panicking too, but I'll get to that in a moment…

My response? Finally this farce of a market is facing a correction and smacking people in the face with five fingers of reality! I applaud the event because it's something that needed to happen years ago. Most skeptics are wrong on the tariff issue, mainly because they think the stock market matters. It doesn't.  People are also terrified of tariffs because they think globalism matters. It doesn't.

This position might upset those who are heavily invested right now, but I would argue they are missing the macro picture and they need to look at the situation from a position of inevitability.  Tariffs and the end of globalism are a necessary outcome.  Here's why we shouldn't fear the Reaper…

Stocks Are Irrelevant Until Market Manipulation Ends

The narrative on social media (from critics on both sides) is that Trump is unwittingly destroying the US economy to spite foreign trading partners because they're getting more out of us than we're getting out of them. I can't speak to Trump's motives because I'm not a psychic, but I can say that it's impossible for Trump to destroy the economy. Why? Because it was already destroyed over the past two decades (some would argue longer) by the Federal Reserve and previous administrations.