Another day, another strike against globalization and the devastation that it has brought upon the American middle class. A recently developing story, in which the headline on Forbes reads as follows:
"Ford Cancels Plans for New $1.6 Billion Mexico Plant". The article itself simply states this: "Ford is scrapping its plans for a new $1.6 billion plant in San Luis Potosi, Mexico, and will invest $700 million in the expansion of the Flat Rock, Michigan plant, Bloomberg News reports. Developing..."
That's it! Nothing else, nothing more, as obviously this is breaking news and has just hit the press. What we do know is why Ford made yet ANOTHER decision to bring back its manufacturing to the United States and that reason is Donald Trump.
This news story follows on the heels of the much-talked-about tweet from Donald Trump this morning, in which he issued the following warning to Ford Motors:
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!— Donald J. Trump (@realDonaldTrump) January 3, 2017
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
The ability for Trump to circumvent the dying Mainstream Media and political system and simply use social media to get his message across is truly stunning. Never before have we seen a world leader so unfiltered and talking directly to the people.
This is one of the reasons why the ruling class hates him so much and it is exactly why his supporters favor him. He is acting as the voice of the disenfranchised and is fighting directly for the betterment of those who have gotten the short end of the stick for so long. The fact that he is not yet even in office is even more amazing.
These are truly stunning times that we live in. 2017 is going to make for an interesting year indeed.
Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world.
He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.
The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
