U.S. Tariffs, The Great Depression & World Wars
If you’ve been suckered into believing that the imposition of U.S. tariffs is a good thing for anybody except the banksters who control almost every government worldwide, you need to read the following passages and then check the facts cited for yourself.
Contraction of Money Supply
In August 1929, the Federal Reserve raised the interest rate to 6%. The monetary base immediately began contracting, falling by over 7% between October 1929 and October 1930. The U.S. economy was now in a deep depression.
Contrary to popular imagination, there was no financial crisis during the first year, primarily because of the contraction of the money supply and the imposition of tariffs on imports being the actual causes of the Great Depression, rather than the infamous stock market crash.
Stock Market Crash
The crash began on October 24, 1929, known as “Black Thursday,” when 12.8 million shares were sold; continuing on October 29, 1929 – “Black Tuesday,” with 16 million shares traded. Naturally, the market continued to decline for several weeks before stabilising on November 23, 1929.
Some economists argue that the crash was influenced by negative media reports triggered by the ongoing Smoot-Hawley Tariff Act negotiations, which no doubt increased investor uncertainty and fear of what was to come.
Nevertheless, the crash marked the beginning of the Great Depression, a period of severe economic downturn that lasted until 1939.
Smoot-Hawley Tariff Act
The Smoot-Hawley Tariff Act, formally known as the United States Tariff Act of June 1930, was said to have been enacted to protect American farmers and businesses from foreign competition.
It increased tariffs by an average of some 20 percentage points on a range of agricultural and industrial goods.
Unsurprisingly, the stock market reacted negatively to its passage, which coincided with the onset of the Great Depression. But this was no mere coincidence.
The act raised the price of imports to the point that they became unaffordable for most Americans and it dramatically decreased the amount of exported goods, contributing to bank failures across the world, particularly in agricultural regions.
Inevitable Backlash
In response to the Smoot-Hawley Tariff Act, twenty five countries which became key members of yet to be formed World Trade Organisation [WTO], retaliated by increasing their own tariffs on American goods, leading to a significant decline in world trade.
In addition, trade between the U.S. and Europe fell by about two-thirds between 1929 and 1932, whilst overall international trade declined by similar levels in the four years that the legislation was in effect.
The act is widely considered to have contributed to the severity of the decade long Great Depression, which significantly contributed to the conditions that caused WW2, during which an estimated 8o million people died, while the bankers who’d engineered the Great Depression to trigger their world war got even richer.
Comparison of Circumstances
Now let’s compare the summary of events which led to the Great Depression and ultimately WW2, with the events unfolding currently in 2025, to evaluate whether there are any patterns with the same or similar outcomes.
Interest Rates
In 1929 and 2024, interest rates were raised to 5.5 and 6% respectively.
Unemployment & Rearmament
The Great Depression which ensued led to a significant rise in unemployment across the world but particularly in Germany, at a time when the country was already being secretly rearmed for war with Bolshevik Russia.
From 1929 to 1932, the unemployment rate increased dramatically, rising from 8.5% in 1928 to 29.9% in 1932, the peak of the depression – an average rise of 0.45% per month.
As of March 2025, the unemployment rate in Germany increased to 6.3% from 6.2 % in February, marking the sharpest monthly increase since October 2024 – 0.1%.
The number of unemployed people rose by 26,000 to 2.92 million, surpassing analysts’ expectations of a 10,000 increase. This rise in unemployment comes amid an economic slowdown, despite alleged long-term labor shortages.
But this is now expected to become much worse because of Trump’s tariffs – 20% for all E.U. nations [10% for the U.K.] – whilst the totalitarian communist dictatorships in the U.K. and the E.U. have committed to rearmament for a completely manufactured and potentially devastating war with Nationalist Russia, which can’t be won.
Wall Street Finance & The Call For War
Hitler’s rise to power in Germany was funded by Wall Steet banksters [Union Banking Corporation (UBC), Brown Brothers Harriman (BBH)] as was the rise of the deep state puppet Zelensky in Ukraine [Citigroup Inc., Bank of America Corp., JPMorgan Chase & Co., and Goldman Sachs Group Inc.].
The call for war against Hitler’s Germany began as early as the late 1920s, when Hitler began to rise to power. His popularity was greatly increased because of the U.S. tariffs and the accompanying depression that was easily blamed on the very bankers who financed him and the destruction of Germany.
Similarly, the call for war with Russia over Ukraine began in 2013, after Russia was accused of putting pressure on Ukraine to reject an association agreement with the European Union, which eventually led to a failed attempt to bust the Russian economy with sanctions and tariffs, when the Ukraine war began in 2022.
Asset-Backed National Currency
Hitler created a labour-backed national currency, which turned a depressed Germany into an economic, independent and industrial powerhouse.
Similarly, Putin has backed the Russian Ruble with gold to protect the domestic economy with an asset-backed national currency.
Putin was also instrumental in the development of the BRICS economic bloc, removing Russia’s former dependence upon the West’s cumbersome and entirely fraudulent financial systems, which have been built on so-called national debts that are not really owed and can never be paid back because the international bankers who claim to be the creditors make sure there is never enough money in circulation to do so.
In Conclusion
As an avid observer of patterns of human behaviour, history and geopolitical events there are simply too many coincidences to ignore, on the basis that what they amount to is evidence that Trump’s tariffs are intended to trigger the collapse of world trade, under the guise of putting America first.
In which case, logically, it must be intended to trigger war with Russia in Europe, of which the international bankers intend to finance both sides, as usual; before allowing their proxies to take credit for reviving the world’s economies with another bankster’s war.
Moreover, for the opposite to be true one would have to overlook the greatest single reason why you shouldn’t ‘trust the plan’. That’s before we even mention culpability for the acts of genocide being committed in Palestine, Syria and Yemen.