Donald Trump gets sick the U.S Dollar Loses Value, the Forex Markets Hate Joe Biden! – October 5, 2020,
Donald Trump has this weird problem that he’s created for himself and most people in the Forex Markets can see it. Donald Trump if he was smart during his second term would let the market crash and then reset. It’s unlikely Trump would do this if he wins, but if I were Trump I’d cue Powell to raise those interest rates to force badly run companies into bankruptcy protection and within the chaos, if I were Trump I’d cut even more regulations, Trump could do this in a year and because he’ll be out of office in four years I’d say by mid-2022 the U.S economy would be set for prosperity for the next 10-15 years.
The U.S economy, the global economy needs to get rid of all these badly run companies, the cost of doing business is too high and the economy needs to deflate, it’s really that simple, and it’s going to happen anyway, I’d personally prefer it happened under Trump because clearly Trump and the U.S dollar are moving in tandem.
If you haven’t been paying attention, watch the U.S dollar and Trumps’ chances of re-election. Every time there is the fear of Biden becoming the president the U.S dollar loses value. It’s so blatantly obvious now that even Gold Bugs are noticing it! I had been writing for months that the price of gold rising had more to do with Biden becoming president than it had to do with the economy.
The market forex markets hate Joe Biden! Joe Biden in my personal opinion is an idiot, he doesn’t have leadership qualities, he’s weak, he appears clueless, he’s corrupt and he’s a Leftist. Joe Biden is bad for the U.S economy, but a lot of Americans really hate Donald Trump, so it’s just one of those things.
It’s funny that Donald Trump has to talk down the value of the U.S dollar, while the U.S dollar drops in value imagining Joe Biden as President. If Trump wins a second term, the Donald would be wise to allow the economy to crash, because clearly the markets like him and this means that if the economy were to crash under trump the recovery would probably be very fast!
On the flip side, if the economy crashes under Joe Biden I’m hoping the next Fed Chair is similar to Paul Volcker because the one good thing about Joe Biden is that he’s a pushover and the one good thing about Kamala Harris in the event Biden Dies or steps down is that nobody likes her!
Interesting times ahead!