America Be Warned The Forex Markets Really, Really Hate Joe Biden, Currency Wars if Joe Biden is the 46th President – November 11, 2020,

Now that it appears Joe Biden will win the Presidency and it appears that the Republicans will hold the Senate, the Forex markets are anticipating higher taxes and malinvestments by what appears to be the 46th President of the United States. This equates to a return to the Obama era in which currency wars were the norm and countries devalued their currencies to stimulate economic growth.

The stock market is up some claim, but what I see is the U.S dollar going down in value. Under Donald Trump and this was the one thing I really hated about Donald Trump is that when the stock market went up, so did the U.S dollar and prior to Donald Trump making Jerome Powell his fall guy, Powell was raising interest rates t match the booming economy, as a Forex trader that is not what I see here, what I see are people fleeing the U.S dollar and dumping their money into what they believe are safety stocks.

In Mainstreet what this means is that the U.S MAINSTREET economy similar to when Barack Obama was in charge will be stagnant, I can already imagine homelessness spiking as Biden stimulus will equate be used to buy back stocks and used to build his inefficient green economy. I genuinely think that Joe Biden is the reincarnation of Jimmy Carter. I pick Donald Trump to win the election, however, I wrote in detail what I believed would happen if Trump lost.

Currency Wars, Currency Wars, Currency Wars – Higher Taxes, more regulation, and higher cost of living

Now, the supposed surge we see in the markets is going to be extremely problematic, to countries like Canada, which is the most indebted G7 nation, and if the Canadian dollar appreciates to high, what’s going to happen is the Bank of Canada will go to negative interest rates, this is going to raise the cost of living in Canada which since coronavirus has become less productive and overly regulated and this higher Canadian dollar equates to fewer Canadian exports to America as well as higher pricing for Canadian consumers.

What’s being ignored also is the price of oil, I think the next big oil boom is coming, especially if Biden decides to go back to the Paris accord and regulate America’s energy sector out of existence. Make no mistake about it, Biden will say is pro-fossil-fuels, but the Paris Accord will destroy America’s energy sector and Biden promises to go back to World Health Organization, which will also equate to more lawsuits for U.S businesses as well as more lockdowns.

It also would surprise me if Joe Biden steps down and Kamala Harris becomes the new President of the United States. All of these events are being priced into the Forex markets and this will also force other countries to devalue their currencies next to the U.S dollar.

Based on the numbers I see, I can genuinely see a financial crisis coming to the world as a majority of mainstreet will be priced out of the markets, putting Jerome Powell in a position to forcibly raise interest rates, something I’m doubtful he will do. Raising interest rates would get malinvestments out of the economy, but it would also trigger bankruptcies and force governments to cut back on spending, but it would be the best thing since sliced bread for the Mainstreet economy.

Again, the one thing I hated about Donald Trump, was that he wanted to keep interest rates low, when his economy was booming. This really irritated me and I wrote about it, well, if he loses, it’s probably for the best, because his hotels the Trump hotels will have to restructure if interest rates spike. Now, again I don’t know what the central bankers ill do, quite frankly I don’t care, I’m only giving the warning that the stock market isn’t rising, the U.S dollar is losing its purchasing power and because the U.S dollar is the worlds reserve currency, this is going to trigger currency wars!

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Interesting times ahead!