Best Buy and Others Start Raising Prices due to Tariffs as Trump Accelerates the Fall of the U.S. Dollar in Favor of Cryptocurrencies as He Builds his Crypto Family Empire
Best Buy reported earlier today (May 29, 2025) that they were cutting back on their profit outlook for this year due to tariffs, and that they had already begun to raise some prices in their stores. Rather than LIE to shareholders to appease Trump, they actually told the truth, and suffered for doing so, as the price of their stock dropped lower. And this was in the midst of a stock market rally today, based on last night's news that a U.S. federal court, the International Trade Court, ruled that Trump's "Emergency Order" to implement tariffs was illegal. Best Buy and everyone else, including myself with my own business which is heavily dependent on imports, now are faced with trying to run a business where the rules change every day. It's called: CHAOS. And the American consumers will feel it soon enough. This week, Trump Media and Technology Group announced it is selling shares and bonds to raise $2.5 billion to create a "Bitcoin treasury.” It marks the Trump family’s latest addition to their cryptocurrency empire. This is basically an all-in bet AGAINST the U.S. Dollar in favor of replacing it with Cryptocurrencies, which Trump and his family want to have total control over. If you don't understand this, then it will be hard for you to understand why Trump is weaponizing tariffs, even against America's allies.