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MONDAY FULL SHOW 4/14/25 — Desperate Democrats Now Pushing The Baseless Theory That Trump Is Going To Declare Martial Law On April 20th! Meanwhile, The Arsonist That Firebombed The Pennsylvania Governor’s Home Has Been Identified As A Crazed Leftist!
Historical Context of Tariffs and the Great Depression
Martin Armstrong debunks the narrative that tariffs caused the Great Depression, noting that the Smoot-Hawley Act was passed after the crash had already begun. He attributes the 1930s economic collapse to sovereign defaults by European nations and the failure of 9,000 banks. Armstrong characterizes the current market volatility as a normal correction rather than a bear market.
