Trade War Thursday – Trump Taxes $200Bn In Chinese Goods 25% – Americans Pay Him $50Bn

The all-cash buyers include Alexey Ustaev, founder of a private bank based in St. Petersburg, Russia; Igor Zorin, a government official who runs a state-owned broadcasting company; the wife of hockey player Viacheslav Fetisov; pop star Igor Nikolaev; Roman Sinyavsky, a luxury real estate broker who was one of the first to sell units at a Trump's South Florida building and Evgeny Bachurin, who Russian President Vladimir Putin fired as head of Russia’s Federal Air Transport Agency before becoming a donor to a political action committee supporting Trump, according to American Bridge.  Other news reports have looked at Russian buyers of Trump Organization properties but less attention has been paid to the all-cash purchases.

"We've long suspected that Donald Trump's businesses were a front for money laundering and our research suggests it could be true," said Harrell Kirstein, communicators director for the Trump War Room at American Bridge. "The millions of dollars in previously unreported, all-cash real estate deals we discovered raise troubling questions about who is funding his businesses, why, and what they're getting in return."

Image result for trump money laundering

Forget the politics and whether or not Trump is a corrupt Putin Puppet of a President, this recent scandal is almost a non-issue compared to the overall collusion and obstruction of justice cases that are swirling around the President and that means that, no matter who you support, whether it's the United States of America and the Constitution or Donald Trump and the GOP, there is going to be MASSIVE political turmoil this fall and that is NOT likely to be good for the markets.

The Fed WILL raise rates, that's also not a positive for the markets and there IS a Trade War starting and not even 1% of us are going to win that one – also bad for the markets (80% bad in 1930 and 1931).

These are reasons to be very cautious with our investing and not to mindlessly run in and buy dips – that's the mistake many people made in 2008 as the market corrected 20% – and then another 20% – and then another 20%.  As the great Yogi said "It ain't over until it's over."

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Disclosure: Our teaching theme at Phil's Stock World is "Be the House, NOT the Gambler." Please see " more

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