Donald Trumps very odd position To push for higher Oil prices – April 8, 2020,

So, for the record and this is something people need to comprehend, a livable wage or a minimum wage shouldn’t be decided by the government, it should be decided by the individual. I’ll give a crude example as to why the minimum wage law is a stupid law.

An EXPERIENCED prostitute who doesn’t have a serious mental health issue, will never undervalue her price for her services. She has her own built-in minimum wage, if you throw a number at her she doesn’t like she’ll decline to service you.

Prostitution is the oldest profession on earth and it survived primarily because there’s no minimum wage and no union. The International Union of Sex Workers in the U.K still has problems getting support because Prostitutes, who understand how to serve the market are making an economic killing 24/7/365. Labour unions typically drive up prices are in general, trade unions are responsible for the creation of the Welfare State.

When you drive up wages, you’re also raising the barrier to entry, which means that to start a particular business, instead of beginning at $0, you’ll instead begin at the number set by the trade union which for simplistic illustration purposes could be $1000.

So if you’re starting the starting a basic business and you have to meet the minimum wage requirements, your business has to be profitable from day one, which means any tweaks you make can’t happen, later on, those tweaks must be made from day one of opening your business, domestically this might not be that big a deal, but once you start having foreign competition, your domestic business can be threatened from a foreign business, who may have a lower currency, cheaper labour, and fewer regulations.

Now, the truth is that currency manipulation can be prevented easily via tariffs, but if your country has a minimum wage, which is a price control, then your tariff system will be out of whack. I often think people are confused as to why minimum wages are so damaging, it’s damaging because domestically your country can’t control what another country does.

China manipulates its currency and also subsidizes industries, China has a minimum monthly wage, but its domestic overleverage is fueled by its predatory lending practices on other nations. So in the short run, the Chinese Communist Party creates the illusion of great wealth and is also able to finance its corporate welfare spending, long term, however, the customers’ China is reliant on all seem to be headed down a path a DEFLATION!

That’s what the lower price of oil is telling me. The real economy is deflating I comprehend that in most people’s minds, higher asset prices and higher costs of living equate to a booming economy, but what I see is a sick economy that wants to reset and rebuild.

I’m not entirely sure what Donald Trump has been thinking lately, because I’m not sure if he’s trying to create a smoke screen or if he genuinely believes that what he’s saying is factual, but the Bloomberg article I point too below does make a little sense me. Now, personally I think Bloomberg is controlled by the Chinese Communist Party, but I can’t prove that.

Video shows Michael Bloomberg saying China’s ‘Xi Jinping is not a dictator’ | taiwannews.com
Michael Bloomberg claimed China’s ruler Xi Jinping “is not a dictator,”

What I will say is that Donald Trump is beginning to not make much sense anymore, or I should say Donald Trump is beginning to sound like a politician, playing both sides of the political coin. I think because Trump has “Trump supporters” he’s Republican by name only

“I never thought I’d be saying that maybe we have to have an oil increase, because we do,” Trump said in late March. “The price is so low.”Trump forced by oil war into unthinkable push for higher prices | Bloomberg.com

I recently heard Trump say something I heard Justin Trudeau say when Justin Trudeau was candidate Justin Trudeau. Interest rates are low and Canada should invest in infrastructure. Now, economically, Justin Trudeau and Donald Trump are like night and day, when current Canadian Prime Minister Justin Trudeau spoke of infrastructure spending he was actually referring to bailing out Canada’s failing mainstream media, phasing out Canada’s energy sector and redistributing money from the private sector into the hands of the public sector.

Justin Trudeau has also added more regulations o the Canadian economy, whereas Donald Trump has done the complete opposite.

Technology or the Tech Sector is a lot bigger than people imagine it to be – Technology equals DEFLATION!

So obviously Donald Trump’s infrastructure spending wouldn’t be the same as Canada’s infrastructure spending as an example I don’t see Donald trump giving CNN or Fox News a media bailout package. But I admit I was alarmed to hear the words come “lower interest rates would be good for infrastructure spending” because what that tells me is that Donald Trump would most likely not be looking to default or renegotiate America’s debts!

If Trump genuinely believes that America’s national debt is sustainable if Trump genuinely believes the markets are propping him up, because the markets believe these times are here to stay, I think Trump is mistaken. Somewhere down the road, a Democrat is going to become the President of the United States. Nixon was the last Republican fall guy for the Party.

Had Nixon not taken America off the Gold Standard, the American economy was headed for ruin. Most people don’t comprehend how bad “The New Deal” was. First New Deal (1933–1934) was so bad that they had to create another one. That’s why if you know anything about the First New Dealyou’d know why there’s a Second New Deal (1935–1936) which was branded as MORE SECURITY for American families.

Now the worst part of the New Deals was that people genuinely believed they worked, to this very day, people believe the New Deals worked, people also believe in the Great Society. These programs never worked, that’s why the cost of living is so high now, all of those programs have been financed by inflating the money supply.

In closing, a reminder if you’re reading this that I wrote this from a laptop computer in the comfort of my home. I didn’t have to drive anywhere I didn’t need any gas, I didn’t require the services of a lot of people I would have needed as recently as the 1990s.

The internet is deflationary, technology is deflationary, people are retiring and becoming less productive, this is all deflationary, deflation is not a bad thing if you have the right policies in place. Government is always late to the party, I’m not sure if Donald Trump sees the obvious, but now is the time to default, this Coronavirus epidemic is the perfect time to default, where are people of other countries going to go?

The U.S dollar is strong and deflation is good for you if you’re hoarding U.S dollars, it’s only bad if you’re over-leveraged! Now, I don’t know what Donald Trump sees, I’m not sure, my assumption is Donald Trump wins the 2020 election and renegotiates America’s debts midway during his second term, but I’m only speculating, I don’t know for sure and just being honest when I read Donald Trump saying things like this…

“I never thought I’d be saying that maybe we have to have an oil increase because we do,” Trump said in late March. “The price is so low.”

I don’t know what to make of it, maybe he’s speaking in a way that will rally his base? I’m not sure! But I find it all a bit odd!

Interesting times ahead!