The U.S Dollar Really, Really Hates Joe Biden: Propping up the U.S dollar is getting Harder and Harder every day, Gold and Silver Prices Drop but Bullion dealers are SOLD-OUT! – February 5, 2021,
So yeah, although Gold Prices as I’m writing this post are up from yesterday’s decline, the reality of th situation is that it’s pretty obvious at this point that there is a concerted effort to keep the PHYSICAL GOVERNMENT/BULLION price of Gold and silver down.
I do forex trading and Obama was by far the worst president of all time as far as the U.S dollar is concerned. All of Obama’s policies led to a decline in the U.S dollar however… and this is a big deal, while the U.S dollar dropped under Barack Obama other countries including my own (Canada) devalued their currencies to the U.S dollar decline.
One of the reasons then Candidate Donald Trump caught my ear was because he noticed the currency manipulation also, unfortunately, President Donald Trump when Jerome Powell initially was allowing interest rates to rise talked Fed Chair Powell into lowering them. This boneheaded move by Donald Trump financed his political destruction as now his opposition was flush with cheap U.S dollars all of which were used to put current President Joe Biden in the white house.
Money in case people forget revolves around PRODUCTIVITY if you’re pro-capitalism, you’re pro-DEFLATION which also means that it’s okay for the stock market to decline. Donald Trump’s error in judgment assuming a rising stock market was a good thing was boneheaded to say the least, but also I’d argue that Donald Trump is quite possibly the luckiest man ever born because the coming economic disaster is going to be entirely the fault of Joe Biden.
I buy Gold and silver bullion, this is one of the ways I plan to retire, just being honest, I don’t care about the price because the government stamp of approval of my gold means nothing to me it’s .999% gold and silver that I own, it can be melted down.
I work with jewelers in fact I know personally how to make gold rings in which I could get even more money than a pure gold bullion coin or bar will sell for now, because the gold rings I’d sell aren’t going to be 100% gold.
There are thousands of people like me, that don’t fear the government or the governments’ funny money and the silly promises governments make to voters. The writing is on the wall, the U.S dollar hates Joe Biden. The U.S dollar hates Joe Biden worse than it hated Barack Obama.
If you’re not paying attention ever since Joe Biden won the Presidency there are forces at play, pushing the U.S dollar upwards, these forces are mostly other central banks who can’t finance their big government public sectors without debasing their local currencies.
You see there’s a benefit to the U.S dollar being the world’s reserve currency and that benefit is that as long as other central banks prop up the Federal Reserve Bank, their corrupt socialist governments won’t have to be fiscally responsible either!
The Chinese government as an example would COLLAPSE if the world abandoned this fiat monetary system. I keep reading about people talking about a fed-coin or a central bank bypassing the retail banks and issuing money directly via some cryptocurrency model. Well, I say, good luck with that system because I think people forget why the U.S fiat monetary system works so well.
This current fiat monetary system only works because of the ability for other central banks to debase their currencies next to the U.S dollar, thereby leaving most poor nations in abject poverty. A lot of poor nations mirror U.S economic policies, the main reason U.S policies don’t work in other nations is that there is no existing infrastructure there.
Even Karl Marx understood that you needed capitalism in order to have LATE-STAGE-CAPITALISM! No business person or entrepreneur is going to build up a nation unless if the Government of the said country continuously attempts to steal ALL THE CREDIT for what the private sector built.
However, under a Gold Standard, what people forget is how desperate socialist government regimes become. Under a Gold Standard, there is no central bank, meaning if the people are dumb enough to vote in a socialist leader, then that socialist leader better be willing to start a war(Hitler), because otherwise, the private sector of that country will pull their capital out.
Being that there would be no central bank, the best a country could do is confiscate said wealth remaining in said country, which is a dumb idea, because no further investment would go into that socialist country. In the real world, without a central bank, there isn’t even a perception of winners and losers, there will only be trade-offs.
One action warrants a reaction, so if let’s say Joe Biden passed a minimum wage and America had no central bank, it would be Joe Biden’s pursuers of wage and price controls who would suffer almost immediately as deflation would plague America until those wage and price controls were removed.
However with the Federal Reserve being propped up via other central banks around the world, if Joe Biden is able to raise the federal Minimum Wage as an example, deflation will occur mostly in the Private Sector in a manner that hurts the poor and middle-class, because the business leaders will either automate or use those propped up U.S dollars OUTSIDE of the United States.
Joe Biden from what I’ve observed so far is a very stupid man, there’s simply no getting around it. I don even know if Joe Biden is smart enough to be a corrupt person. I thought Obama would have made an excellent salesperson in the Private Sector, but Joe Biden even in his prime would have been a horrible salesperson.
I have to say that Joe Biden is an embarrassment to the U.S Presidency in that he doesn’t seem to possess any real leadership capabilities. There is one thing I’ve noticed with Joe Biden that I will give him credit for and that’s his tone of voice in particular situations, which make him seem compassionate to the listener, unfortunately, he has no substance in his words.
In the adult world, Joe Biden could NOT survive in the Private Sector, which means he’s a puppet for the business leaders who made him President. Imagine the nonsense put into all of those executive orders that Joe Biden signed without reading the fine print.
Even if Joe Biden read the fine print of all those executive orders he signed, I’m of the belief that he wouldn’t be able to conceptualize the words anyway. I genuinely believe Joe Biden is a stupid man, who probably could not survive if he held a job in the private sector.
Again I want to point out that I do think Barack Obama could survive in the Private Sector, I even think AOC could survive in the private sector, but from what I’ve observed from Joe Biden he and Bernie Sanders are one in the same, extremely low IQ, they got into politics at just the right time, prior to the internet it would be very hard to do a detailed analysis of Joe Biden, but now that I’ve been able to see and listen to him up close, it’s only a matter of time before the world realizes how dumb this man really is, which in my opinion bodes well for the price of Gold and Silver in 2022.
There comes a period in time in which the public is made aware of the intelligence of the people leading them. A reminder that Kamala Harris is not a very likable person, she also doesn’t have good leadership qualities, when I’ve observed Kamala Harris up close, it wouldn’t surprise me if she cries herself to sleep every night, because she doesn’t look comfortable in her own skin.
I will not waste time writing about Kamala Harris in this post because she’s not President yet! The U.S dollar is dropping like a stone right now, but don’t be surprised if it remains propped up, depending on what stupid laws/regulations Joe Biden is able to pass the U.S dollar could remain high (in comparison to other debased currencies and even Government-regulated Gold and Silver Prices) while the U.S economy tanks! Keep that in mind while you’re investing!
Interesting times ahead!