Trump makes his position very clear regarding Re-Negotiating America’s debt if he’s Re-Elected – March 14, 2020,
In a capitalistic society, both the lender and borrower take on a degree of risk, as I’ve sted plenty of times on this blog, I personally do not think Donald Trump is a Republican, he’s a Democrat, the problem is the Democrat Party has gone so far Left in the United States, that Donald Trump is received as if he were a Conservative Democrat. Now, being honest, Donald Trump is the type of Democrat I wouldn’t mind being President because, in the modern era, most humans still view the world through the lens of Karl Marx.
Reader beware, Andrew Jackson was a Democrat, similar to myself, similar to Donald Trump, Andrew Jackson believed in Tariffs, Andrew Jackson hated debt, if you believe in Freedom, you can’t love the position America’s in. If you simply listen to Donald Trump speak, he’s a modern day Andrew Jackson which again equates to him being Democrat, meaning by any means necessary if given the freedom to do so, Donald Trump is more than likely going to renegotiate America’s debt during his second term.
This is extremely beneficial to you if you have student loan debt or any other debt tied to the government, this is also good for the Private Sector was aren’t over-leveraged, with the regulatory tax cuts, if the entrepreneurial spirit in Americans is unleashed this could be good for American consumers and in general this is good for global markets who are in many ways constipated by all the junk passing as good businesses. In the speech below, Trump is very clear, you can interpret the speech incorrectly if you want, but if you’re wondering why Gold hasn’t rallied and why Bitcoin is crashing is because this is what the market wants.
Now, what comes after debt renegotiation is higher interest rates, something I accept the president who proceeds the Trump administration will have to deal with, but a quick reminder that a lot of the money being printing to prop up asset prices doesn’t exist physically if you understand cash flow and deflation, you’ll understand why the market wants debt-re-negotiation and not a return to a gold standard.
Members of the Coronavirus Task Force Hold a Press Briefing | White House on Youtube
If you’ve been playing the markets for the last 10 years, you’d notice that higher stock prices have been replaced with higher safer bank market rates, well under a debt-restructuring plan, the private sector will again have to fight for you to buy their stock as opposed to this environment in which everybody is basically playing pump and dump, new start-ups are going to have to add some value to shareholders.
Now, things rarely if ever turn out as the market wishes it would, but the ideal replacement for Trump when he steps down would be Senator Ted Cruz If Trump wins 2020, Ted Cruz should get ready for 2024, with that said, maybe by then the Democrat Party will get its act together and stop with all of this socialist nonsense. Because there still is a chance that the Democrats could ruin everything.
If you’re thinking of buying Gold Stock, I personally would say that be careful, this is not what Gold Bugs think it is, sure, Gold Bullion is a good buy, but Gold Stocks? in the event, a socialist becomes President in any part of the world, the nationalization or the over-taxation of Gold related industries will be the talk of the day if investors start making a ton of money in Gold Stocks.
What’s unlikely is physical Gold confiscation, I just don’t see that happening in the Western world with Armed Americans, people armed in Switzerland and Iceland, however, I can see Gold mines with a few hundred employees being Nationalised. Human development isn’t there yet, escape your Austrian economics bubble and remember that a lot of humans still have no clue what’s going on.
Regarding Bitcoin, I’ve noticed stagnation regarding the infrastructure of Bitcoin, socialist and authoritarian governments have already found a way to end that parade and the prize of Bitcoin isn’t bitcoin it’s blockchain technology and already Central banks are looking to mimic their own version of it, so, I just do it see growing much without more infrastructure and what I’m seeing the only entity willing to invest in Bitcoin infrastructure are governments because Bitcoin does do one thing, governments like it takes people away from Cash!
If the Government can shut your cash down, they can shut you and your liberties and freedoms down also! Again, Authoritarian, socialist, communist governments have already figured out how to separate people from their Bitcoins! Most socialists who live in a democracy like physical Gold, if governments march in the streets stripping people of their gold, that sounds like a war to me! So I don’t see democratically elected governments taking people’s gold away.
Interesting times ahead!
