U.S Dollars are better Served Investing Outside of The United States, If this ever changes the United States loses its Currency Reserve Status – January 14, 2021,
So, Joe Biden will have an interesting time in the White House, I personally believe there was MASSIVE election fraud in the 2020 election, but I also think Donald Trump partially got what he deserved. Now, that Donald Trump has conceded, one could argue that Trump would have been better off MASSIVELY cutting the size of government, renegotiating America’s debts, and allowing Jerome Powell to raise interest rates, at the very least Trump would have been remembered for something genuinely substantive.
Instead, it appears Donald Trump will be remembered as a polarising figure that woke America up to the obvious…That Socialism isn’t coming from a distance, Socialism is already here. Now, without the Federal Reserve and I’ve been saying this for years, America would have been in a depression for decades ago, I personally do not think America’s only problem is the Federal Reserve, I personally think America’s problems exist because of wage and price controls, which I believe facilitates everything else.
When The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913, at the time one can imagine that the creates of this act had finally solved a problem, however, what inevitably happened after The Federal Reserve Act was World War 1, which started on July. 28, 1914 and ended on November 11, 1918, and then, of course, World War 2 which happened September 1, 1939, and ended September 2, 1945.
Now think about this for a moment Franklin D. Roosevelt became President of the United States on March 4, 1933, and his presidency ended April 12, 1945, do you know what FDR is remembered for? You guessed it “The New Deal” and guess what the New Deal required? Minimum wages and Social Security which oddly enough couldn’t exist without the Federal Reserve act.
When money is tied to a commodity namely Gold, what FDR was actually doing was abusing someone else’s PRODUCTIVITY. Now, if you’re looking at the plans of the Biden administration, they’re going to abuse the productive and force them to finance people Biden considers worthy.
Now that Donald Trump is gone, the United States is now officially Joe Biden and Kamala Harris’s problem and their entire plot appears to be tax, spend regulate and hate! These newly elected Democrats don’t appear to care who they offend, who they mistreat nor the potential economic effects of their policies, they’re indeed ideologues who hope to reshape America and essentially the world, with their utopian economy.
Unfortunately for them, the market cares little for the president and his or her edicts and instead only cares where U.S dollars are better served. The U.S dollar is indeed the gold standard of currencies and it enjoys this privilege because dollars spent outside of the United States care nothing about the dollars spent inside the United States.
he dollars spent inside the United States is Joe Biden’s problem if he spends more than he gets back in taxes or if the cost of living in America reaches unbearable levels, that’s not the U.S dollars problems, that’s a government spending problem, you see the beauty of the U.S economy is that as long as they’re dumb enough to be the worlds reserve currency and U.S dollars are available outside of America, America can burn and those enjoying th benefits of the U.S dollar can watch from a distance as America destroys herself!
Now, Joe Biden could end the Fed, but let’s be honest that’s not going to happen, Politicians prefer to blame others for their stupidity, the problem is Trump is impeached, he’ll no longer even have to pretend to care, after I’d say year 2, blaming Trump for everything will become old!
I don’t know if Trump is smart enough to do it, but if I were Trump I’d take a 3-year vacation, do private interviews, private show, if I were Trump I’d make sure all of my appearances were PRIVATE, I’d charge a hefty ransom as well. It’s good to be missed, and this is a good time for Trump to make the public miss him.
Joe Biden on the other hand has some interest days ahead of him, I also don’t rule out Kamala Harris replacing Joe Biden, but to me, both of them don’t have much of a personality and politics is going to get boring again, boring politics means that Joe Biden better have one hell of a booming economy, because if he doesn’t…
Stock market bracing for ‘regime change’ amid Washington power shift: Gundlach | foxbusiness.com
Interesting times ahead!