This morning I received an e-mail from one of my readers. She had forwarded an e-mail to me which she had received. The e-mail is from a company that I'm familiar with, SolarPenny.com. In the e-mail the company explains that even though they placed an order from China for solar panels LONG before the May 20th Tariff, they would be subjected to a new tariff which amounts to over 249 percent! No, that's not a typo. Two-hundred and forty nine point ninety-eight percent to be exact. Their order was $18,000 but the tariff would add an EXTRA $44,000 to the bill and as such, they are unable to pick up their solar panels from the Los Angeles Port.
Unfortunately, I have to agree with other voices chiming in on the subject--this IS just the tip of the iceberg. There have been numerous actions as of late by this administration which have been nothing short of hostile towards the small businesses of this nation AND the self-reliance movement that is taking hold in more and more households. Making solar panels cost prohibitive, when they are becoming easier and cheaper to make, is indeed a hostile move in my opinion.
Another reader shared this article with me which reveals in unmistakable terms that China and Japan are now trading currencies with each other. Of COURSE they are; there's no reason why China would invest any more in the plummeting dollar. And though there are some differences between the two cultures, it makes perfect sense that they would look out for each others' financial well-being, seeing as they are the top two holders of foreign U.S. debt amounting in the trillions and trillions of dollars.
This also indicates that Japan and China are no longer recognizing the Petrol Treaty, which means they will no longer pay for oil using U.S. Dollars. In case you weren't aware, it was because of this treaty that the U.S. has behaved in such a cavalier manner over the years regarding holding on to any gold that backed the U.S. Dollar. They thought they had something better than gold--oil. By getting all of the OPEC nations to agree to pay for oil with U.S. dollars they essentially were ensuring that the dollar would always have value. But, as many people have had to learn the hard way, a contract is only as good as the people who sign it. The treaty only strengthened the dollar so long as everyone was willing to use U.S. Dollars to pay for fuel. As soon as anyone breaks the line, then the entire agreement crumbles and Russia and China have been cracking that treaty since December 2010 with their announcement to the world that they were going to start exchanging currencies as well.
Solar Panels affected?
There's much more to be explored with regard to the crumbling of our global market in ways that have NEVER happened before in our history, but for now we'll go back to focusing on the letter from the solar panel company. I've printed it here without any editing in its entirety. I hope that it's obvious that if any of you were planning on purchasing solar panels, you might want to do it NOW with stock that's already in store because I suspect that very soon you'll see solar panels as difficult to find (and afford) as Tickle Me Elmo in Christmas 1996.
Solar Panels Stock
Hello All to all of our loyal customers.
This email is written in the deepest sadness.
Regrettably we will not be receiving any future stock of Hareon Solar Panels. We where expecting 50 watt and 100 watt panels. The department of commerce applied a tariff structure on solar panels imported from China. Although our order was placed long before this decision on May 20th the tariff was applied to this order.
Since we cannot afford the 249.98% tariff on our order we will not be able to retrieve it from the Los Angeles Port.
To give you an insight our incoming order was in the tune of $18,000 in merchandise. Thus the tariff alone totals $44,820.00. At this sum as a small business we could never come up with that much money for the tariff.
After seven great years my business has hit a brick wall. I feel like I have been pushed off a cliff.
At this time we do not know the future of Solar Penny. We will be closing our warehouse within the next week thus only leaving our retail store.
Thank you to all of those who have purchased panels and equipment from us over the past seven years.
Sales & Technical Support
6247 East Main Street Suite 5
Mesa, AZ 85205
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