Janet Yellen Signs of on Currency Wars, IMF Grows its balance sheet and The U.S dollar will soon rise again, The Bad News is More Deflation – March 27, 2021,
During the Trump administration, he made stopping currency wars a top priority of his, under the Joe Biden administration it’s not only back to the old ways of doing things, Janet Yellen just gave them IMF the opportunity to raise the value of the U.S dollar which will have little to no benefit to poor and middle-class America’s living in the United States.
I’ve been writing for months now about U.S dollars having more benefit outside of the United States, well Janet Yellen appears to believe that an ‘America last’ policy is beneficial to Americans. Prior to the 2020 election when I thought Donald Trump was going to win, what I wrote was if Joe Biden wins, what might happen is a serious economic crash as Joe Biden returned to an Obama-style ‘America last’ economy.
There was no recovery under 8 years of Obama, interest rates only moved upwards, when the markets got excited that Obama was finally leaving the White House. Obama’s economic and social policies were hard to implement and detrimental to the economy.
Donald Trumps policies in all fairness weren’t much better, what Donald Trump did get right was cutting regulations, which juiced the U.S economy and at one point forced interest rates up. Ultimately, however, Donald Trump left the U.S economy worse off than when he went in.
Worse than that is an often incoherent Joe Biden who even in his prime struggled to complete a sentence. Joe Bidens’ best years, which weren’t very good are now behind him and he’s a perfect reflection of the current State of the U.S economy.
The Lead From Behind economic system, is what a call a ‘nice guy’ economy. Noce guy tend to finish last and to get back to my point, I believe that this signals the world economic collapse will happen in America first as DEFLATION can no longer be hidden in the U.S economy.
Now, what’s so bad about the coming U.S DEFLATIONARY crisis, will be the cost of their various levels of government which all will be financed while the PRIVATE SECTOR is destroyed. What most people don’t understand about fiat dollars is that its political money, America’s status as the worlds reserve currency actually works against itself, because until the U.S economic system crashes, Deflation can easily be PAPERED/HIDDEN with borrowed U.S dollars, which other countries will still demand to keep their Deflationary gene in the bottle.
It’s extremely hard for most people to comprehend that TECHNOLOGY DEFLATED the entire global economy. Now, had the government gotten out of the way, the entire planet would be richer, but as is the case with Janet Yellen propping up the IMF, the IMF then props up SOCIALIST DICTATORS!
Obama financed ISIS, maybe not intentionally, but whenever countries are allowed to hoard U.S dollars while deflating their local currencies, this deflationary stimulus effect for these nations allows them to expand their purchasing and borrowing powers. What’s happening in the world today is not complicated once you comprehend the corrupted global money supplies.
Get ready for a rising Green Back that has zero benefits to Americans!