Joe Biden is destroying the value of the U.S dollar, oil prices up U.S dollar down, Higher Taxes via Paris Accords, Regulations and Labour Unions – December 31, 2020,

When you think of Joe Biden, you have to also think about Kamala Harris, Joe Biden, and his administration appears to be Cina friendly, and to make matters worse Joe Bidens’ economic policies all revolve around higher taxes, more regulations, and dependence on Chinese Communist Party.

Now obviously Joe Biden a President will talk tough about China, but actions speak louder than words, and with every announcement of his cabinet picks, the markets which people have to remember are in many ways automated is anticipating the long-term outcome of a President Joe Biden.

The dollar is in retreat, derivatives of the U.S dollar like Bitcoin are going on a tear in anticipation of central bank liquidity and people are forgetting the one huge benefit of the Trump administration which was oil prices, they’re already beginning to creep up and Trump hasn’t even officially left yet.

Under Barack Obama, there was no recovery, interest rates hit zero and didn’t budge until he was about to leave, interest rates began rising under Donald Trump and Donald Trump put pressure on Powell to lower them again in fear that ‘the greatest economy in the history of the world’-Trump called it, would be under threat of collapse.

Well with Joe Biden interest rates are basically zero, America is broke and Joe Biden has plans to spend, tax, and regulate like no other president in U.S history. Most people do not know that most Labour Unions are now internationally connected, Labour unions have become the globalists and Joe Biden is in bed with the Labour Unions.

Labor Unions typically want above-market inflated wages and benefits which in case people forget is the reason why wages are so stagnant now. Prior labour unions dating back to the 1970s artificially raised their wages and benefits then, which is why wages haven’t budged since.

Well under Biden public sector labour unions which are financed by American taxpayers will be getting pay and benefits raises, their underwater retirement benefits will also be saved and financed. All of these dumb ideas will be a drag on the U.S economy and the U.S dollar.

The Fed will be forced to finance this stupidity and what’s going to happen eventually are currency wars. The same thing happened under Obama, the cost of living went up during a deflationary environment and in case people aren’t paying attention this is why homelessness in America is on the rise.

Donald Trumps’ supposedly greatest economy ever didn’t address this problem either. Donald Trump’s focus on the stock market was unable to solve the problems in the Democrat-run States hell-bent on attempting to destroy him. Well, Joe Biden will make this problem even worse as he pays back with interest the entities that paved his road to the White House.

The real problem Joe Biden is facing is that he is walking into a disaster and there’s little the media can do to help him. I’d call Trump the life support president, it’s not that Trump made the economy that much better, but he gave the economy hope. Joe Biden will make the economy HOPELESS for the poor and middle-class.

As was the case with Barack Obama I expect the rich to get richer under Joe Biden and the dollar will slide, it wouldn’t surprise me if countries like Canada and Australia find their currencies reaching parity with the U.S dollar before their central bankers decide to go into negative interest rates.

I think once Kamala Harris or Joe Biden are declared president, the Bank of Canada going into negative interest rates is inevitable, the U.S dollar will go up because other countries will be intentionally devaluing their currencies, and this is will signal more talks of a great reset which under Joe Biden or Kamala Harris will be disastrous.

Although most people can’t see it now, I foresee austerity measures in the next 5-10 years, Joe Biden is a clear sign of the times. We are living in the era of snowflakes and cheap money, I call this era Late-Stage-Socialism we all want easy answers, but the only easy answer is to shrink the size of government, there will be no will to shrink the size of government until it’s clear this centrally-planned global economy is not working!

S&P/TSX composite index and U.S. indexes rise while oil prices and loonie swell | Yahoo

Interesting times ahead!