Jerome Powell vs. Donald Trump – What Donald Trump Would Like To Prevent But Can’t – May 2, 2019,
If you’re a Liberal, Democrat who hates Donald Trump, if anything else for the foreseeable future Jerome Powell is your guy. Although the financial situation in the U.S is more life-altering than mainstream media would have you believe, the reality is the numbers are starting to not make any sense and to protect the integrity of the U.S dollar the world is going to have to experience some pain.
The truth as it stands now is that the U.S dollar isn’t in any trouble, however, the credit markets are. The U.S as it stands now has angel investors, the U.S dollar currently is viewed as the gold standard of currencies even though it’s one of the most overly printed currencies in the world. If you’re wondering why this is? The reason is that currently, America is the Policeman/woman of the world. Remove America from its Policing responsibilities and a lot of countries a lot of territories will be fought for possibly overnight.
It’s not only American Soldiers needed in many of these worn torn countries, but American arms, American surveillance, American technology is also often required, with that said in case you haven’t been paying attention, other countries have been devaluing their currencies in recent months. Have you seen the Chinese Yuan lately? I’ve written about the Yuan for years, the Yuan now has World Reserve Currency status. This happened under Obama and I wrote about it then. Well, in response to Donald Trump’s trade war the Yuan has been devaluing itself.
China is letting its currency decline in a ‘snub’ to Trump, ING says – CNBC
As Bernie Sanders calls for a higher NATIONAL minimum wage, I’ve stated that developed countries should ABOLISH the minimum wage because minimum wages completely undermine tariffs, the truth is Donald Trump’s trade war has no merit as long as the U.S government artificially raises wages. The U.S dollar can go -20% interest rates, Labour will still be more expensive in the United States, because every single U.S State has a minimum wage, which artificially raises the costs for everything. Now, this wage-price control is only one of the problems, but it’s a huge one because at the very least of wage-price controls were removed, regulations based on environmental and safety-related standards would make the American tariff system easier to implement, against currency manipulators. But you see when you’re Donald Trump and you’re promising your voter base this and that, you set yourself up for the inevitable.
The inevitable U.S Market crash is coming
I understand that a large segment of the world believes that we can print our way out of the coming economic crash, but the numbers aren’t making sense anymore, the numbers are getting jumbled, artificial inflation isn’t even working anymore and interest rates are near zero. What Donald Trump doesn’t seem to understand is the market backlash that an interest rate cut would symbolize. America can’t control what the rest of the world does, Donald Trump can’t control the reactions of the rest of the world if the U.S Federal Reserve signals that the U.S is in economic trouble. Now, again I began this article writing about Angel investors, why? Because if the U.S dollar devaluing will be TEMPORARY!
Everything goes haywire in the world economy if other currencies are forced to rise against the U.S dollar, in Canada as an example, why is the Canadian dollar so low to the Greenback? Because if the Canadian dollar rises, profit margins will dwindle, consumption is the name of the game in a fiat based currency system. America’s economy is a rare economy in the world based on consumption. The European Union created a value added tax, to quell consumption, speaking of Canada, Canada has tariffs everywhere, Canada tariffs almost everything, so the point I’m trying to make is the crash is going to happen whether Trump likes it or not, there’s no stopping it at this point.
Fed’s Powell offers sharp but nameless rebuke of Trump’s calls for rate cuts: Don Pittis – CBC
Personally, I think the crash will happen during Trump’s second term in office, but who knows, it might happen sooner or possibly later, but it’s coming, I what Trump knows is that the coming crash isn’t a Main Street crash, the coming crash is a Wall Street Crash. I think people forget that most of the money in circulation today is a digital money. Persians are known for their vast knowledge of NUMBERS when Obama sent Iran $1.7 Billion, they asked it be in CASH, not digital money that the U.S can withdraw anytime they want.
Why did Obama bail out the too big too fail companies? PENSIONS! One of the stupidest things I’ve heard come out of Donald Trump’s mouth is 401K’s, he’s said it during several rallies that because of him people’s 401K’s have gone up, well that’s where Trump has put his foot in his mouth unnecessarily. He would have been better off saying nothing. Because unless the U.S economy is allowed to deflate, 401K’s and public sector pensions have the most lose.
People forget that deflation isn’t a bad thing, deflation brings the cost of living down, this is why wage controls are a horrible idea. Because if market deflation in real terms is forcing prices down because maybe a robot can do a job a 1000 humans used to do based on inflated wages, higher market-based interest rates can’t maintain a savers standard of living. Forcing savers into the hands of corrupt corporations in these government mutual fund schemes puts more people in harm’s way who would otherwise have that cash in their possession. Have you have met a person with real money in the bank? or a person that has their money in their possession before? They’re usually more financially secure than a person who has their entire retirement plan in the stock market.
The modern-day stock market is a casino and the reality is at this point, there’s little Jerome Powell can do. Even if Donald Trump manages to evade a crash, while he’s in office, the next person to become President more than likely won’t have the business savvy of Trump, worse than that, and this is one of the reasons I’m a Trump supporter. RENEGOTIATION of America’s debt, Trump is the rare individual that understands and has been through Billion dollar bankruptcies. Debt can be renegotiated, that’s a form of deflation also, what this market wants and is demanding is DEFLATION. You can simply look at the numbers to see this.
If you’re reading this, take a moment to think that no newspaper had to printed for you to read this blog post, meaning no physical delivery person, no huge employment force, no paper none of it, you can read this on a computer a tablet, a phone, meaning that global costs have deflated, look at all the tec all around us, technology when left alone by the government lowers costs. The market wants to adjust but it can’t because government regulations all over the world are propping up prices. If you can’t see what’s coming I don’t know what else to tell you.
Interesting times ahead.