President Joe Biden signs a record number of executive orders

President Joe Biden signs a record number of executive orders

The Petro-Dollar and The Global Recession Joe Biden Created: Why Consumer Price Inflation Revolves Around U.S Government Policy Oil and Fossil Fuels – June 27, 2022,

The king of all fiat currencies still remains the U.S dollar. By hook or by crook, Joe Biden is the current President of the United States and his policies revolve around phasing out fossil fuels or as he said during the debate phasing it out. During the 2020 U.S election, Joe Biden was very clear about his plans for America.

What was very strange for me was that apparently, Joe Biden got more votes than Barack Obama? This is very interesting if you watch the video below this paragraph and notice how both Joe Biden and Barack Obama look when both are in the same room. If you want to say it’s about Joe Biden’s age, well Joe Biden and Donald Trump are close in age, and I have yet to see any younger person upstage Trump in such humiliating fashion.

I bring this up because there’s a possibility that Joe Biden might be the mail-in-bride president of the United States, as mail-in votes appeared to benefit Joe Biden tremendously, which is a sign that if the election results were indeed reflective of what the American people wanted, that a lot of Joe Biden supporters were too lazy to get off their couches and vote for the guy, which is emblematic of Joe Biden’s lazy approach to economics.

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With some politicians, and a lot of people in general, they imagine that the economy runs on autopilot, and it’s hard for the economically illiterate to imagine that government regulations on the economy could create economic disasters. Let’s not completely excuse Donald Trump for what he did, Donald Trump engaged in vote-buying as well as fear-mongering towards the Federal Reserve.

Donald Trump during his Presidency was trying to pin the blame on Jerome Powell if there was ANY economic downturn, but what made Trump different from Joe Biden was common sense. Donald Trump had an ECONOMIC plan for how he wanted America to look, and Trump was very specific in how he was going to implement it. Joe Biden on the other hand had a PLAN for America, but it WAS NOT an economic plan, it was a SOCIAL plan.

Joe Biden ignored the reality that most of us call Fiat Money, PETRODOLLARS, why do we call fiat money petrodollars? Because the global economy runs on OIL and gas. This might be an inconvenience for people who believe central banks can do magic tricks, but the COST structure for businesses revolves around the PRICE of oil and gas.

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Industrialization as we know it today can not exist without oil and gas. The industrialization we enjoy today will not exist without fossil fuels. Now, can INDIVIDUALS with deep pockets afford to go 100% renewable? Of ofcourse they can, but INDUSTRIALIZATION requires oil and gas. The clothes, the iPhones, the technologies, EVERYTHING, we take for granted runs on oil and gas.

There are people who imagine if the central banks merely normalize interest rates, that the governments can regulate everything and phase out oil and gas, if you’re this stupid you’re not only wrong but you’re an IDIOT! Money can’t do magic tricks, but what central banks can do is force stupid politicians to change course.

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Currently, Jerome Powell has the ability to destroy Joe Biden’s presidency by rapidly rising interest rates and breaking the Bond Market’s expectations that interest rates will be coming back down very soon. All signs point to a DEFLATIONARY economy, and under a fiat monetary system, what governments will do when the economy is deflating is BORROW more money, well if Jerome Powell makes borrowing money EXTREMELY expensive, what will happen is FORCED austerity measures, namely ending this silly war on Oil and Gas.

Will, what I wrote in the prior paragraph happen? It’s unlikely, but it’s what should happen, fire sales will stir economic activity, but fire sales will also crash the global economy and potentially lead to countries wanting to dump the U.S dollar? I disagree, as a person living outside the United States, I like to point out that the WELFARE states of most nations of the world are RELIANT on the U.S dollar.

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The U.S dollar vs returning to a Gold Standard? that’s the option the world has right now. a central bank digital currency you say? Well, clearly you don’t understand what I mean when I talk about the PETRODOLLAR. Regardless of the medium of exchange, government regulations are what they are, and price discovery in a DEFLATIONARY economy will debase any currency in this modern world.

What people are completely ignoring right now is the potential for an OIL SHORTAGE, I have been calling for a potential CRASH in oil prices and the problem with oil prices crashing is that the producers of oil and gas aren’t going to start pumping at a LOSS! Meaning the world is headed for a LOWER STANDARD of living if the Federal Reserve doesn’t break the bond market’s expectations that rates are going up until AUSTERITY MEASURES!

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Interesting times ahead!