The U.S Dollar Really Hates Joe Biden, Bitcoin trades near Sunday record of $34,800 and Oil prices touch multi-month highs as Biden inches closer to the White House – January 4, 2021,
So, if you’re not paying attention, Donald Trump with all of his imperfections, was a bully on the economy, especially when it came to the price of oil. Trump who was a businessman prior to becoming a politician made a central theme of his presidency to keep in contact with OPEC, not only did Donald Trump keep in close contact with OPEC, he also took America of the Paris Agreement, these two moves along with Trump’s regulation cuts allowed the Trump Administration to create a bullish stockmarket fueled by a reality that at the very least under Donald Trump the United States could service its debts.
Oil prices touch multi-month highs as OPEC+ expected to cap output | financialpost.com
Now of course, there was a bad side to this which was that Donald Trump also grew the size of government in other areas, as an example America as something called ‘Space Force’ now and although Trump promised to drain the swamp, what appears to have happened is that the Swamp is going to drain Trump.
With that said, I’d argue that Trump also opened pandoras box by copying Canada and sending cheques out to Americans in the form of COVID-19 relief as this move has now created an incentive for Americans to be even less productive than they were before. Trump will say it was the governments’ fault why the economy is shut down, but who cares, he’s set precedence and it appears by hook or by crook the Democrats won the 2020 election and what I’d argue are the two worst and most unqualified people for the job (Joe Biden and Kamala Harris) will now be in charge the U.S economy.
Bitcoin trades near Sunday record of $34,800 following 800% surge | financialpost.com
I’m sorry but this economy is too complex for the modern-day Leftist. Prior to the world being digitized the government could at the very least pretend to be in charge, not anymore, the world is moving at the speed of light and trades are being made based on the anticipation of stupid economic policies.
Because Joe Biden has been transparent about how he’ll spend money on Labor Unions, Pensions, and the bankrupt U.S States, everyone who cares, can clearly see the economic depression happening in the U.S in real-time. Price actions have already begun and because the world is very unproductive at the moment, it’s already game over based on what Joe Biden claims he will do in response to COVID-19.
a lack of productivity, supply chains out of whack, malinvestment everywhere, and more government regulations into the U.S economy, what’s likely going to happen are currency wars, which is exactly what happened under Barack Obama.
Under Barack Obama there was no recovery, there were currency wars, the best invention America has at the moment is U.S Federal Reserve, central banks all over the world will debase their currency to a level that allows them to take advantage of the U.S dollar.
So, what this means is that inflation in the United States will be sluggish because the velocity of money will come to a grinding halt. Americans will be able to buy fewer things with their currency and this won’t be because of the private sector it will be because of the public sector, this also means that U.S dollars will be better served outside f the United States.
Donald Trump was America first, Joe Biden similar to Obama will make America last. Now I don’t know if Joe Biden is consciously aware of how bad his policies will be for America, but I’d advise the reader of this post to read the article below and consider the costs, that everyone is ignoring because at least for now everything seems normal!
Biden promises vastly different approach to COVID-19 pandemic | globalnews.ca
A reminder that Trump in my opinion did a pretty good job with COVID-19, being that COVID-19 goes after the obese and the elderly both of which America, per capita America doesn’t even make the top 10 deaths per capita via COVID-19, which was shocking to me, so it will be interesting t see if Biden’s corona plan works better than Trumps
https://www.statista.com/statistics/1104709/coronavirus-deaths-worldwide-per-million-inhabitants/
Interesting times ahead