Cult of Fools Weekly (Mar 8, 2025) — “Tariff Whiplash”

Wow, actions have consequences, who knew, what a shocker it is to discover that when Tariffs kick in those targeted will respond in kind. In other words, within days of launching a tariff war, he had an “Oh Shit!” moment and promptly threw up the white flag and surrendered, then decided to abandon that and do it anyway, then withdraw a bit and delayed … who the hell can actually keep up with the utter confusion?

It appears to work like this.

One day he’s telling us that tariffs are amazing because they will bring lots of new jobs to the US and raise so much money we won’t have to pay income tax, then the next day he’s telling us we aren’t doing them because people were nice to him on the phone, but that they will be coming back next month.

Least you wonder what the hell is going on, then here is how it actually plays out …

• Announce tariffs and watch stocks tank
• The rich step in and buy at greatly reduced prices
• Tariffs postponed, and stocks recover
• Rinse and repeat for the rich to increase wealth.

Phrase of the week: It has been correctly described as a “fucktacular shit-show“. Below is how The Economist illustrates it with the tag line “The president and reality are…