Dow Drops Over 400 points While Dollar Is Mixed as Trump Escalates Trade War.

In this report I cover the early market action from London on Tuesday, June 19th, 2018. I look briefly at the precious metals, the stock market, the dollar and the bond market.

I also report on on President Trumps announcement that he will impose another 10% in tariffs on $200 billion worth of Chinese goods being exported into the United States. China has responded by saying they will retaliate. The financial markets have reacted adversily and will probably remain under pressure for the foreseeable future.

My conclusion is that this Trade War has been brewing for almost fifty years and is a result of the anchorless fiat money system we have had since President Nixon suspended temporarily the redemprion of gold for Federal Reserve Notes or the paper dollar.