Clueless and Ignorant Joe Biden urges employers to boost wages, it’s easy for Joe Biden to bark out orders when it’s not his own money – May 11, 2021,
Being that America is emerging from a historic lockdown, it should be a no-brainer how to revive the economy. I’ve been writing for weeks now, that the best thing that could ever happen for Joseph Robinette Biden Jr. would be gridlock in Washington so the economy could fix itself.
The problem with this doofus of a president is that when the electrical college elected him as the 46th President, Joe Biden went on a historic executive order signing spree, he wanted to show America how different he was from the former President and Joe Bidens EMOTIONAL response to his opposition is beginning to show up in the economy.
First of all, I want you to really think about the statement below, which is more than enough evidence of Joe Biden’s ignorance of economics.
Biden said the White House does not “see much evidence” that the $300 per week federal unemployment benefit in place until September has deterred people from taking jobs, adding that “Americans want to work.”
Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs | cnbc.com
I’m sorry, a U.S President shouldn’t be that stupid, ok let’s do some simple math, the average month has 4 weeks multiplied by $300 = $1200, now you might say that’s not a lot of money right? Well, imagine you were getting $1200 per month for doing ABSOLUTELY NOTHING! furthermore imagine you could take advantage of debt deferrals, meaning that your expenses were even lower, furthermore let’s say you were savvy with your money and invested it in the stock market, after all, these asset bubbles in the economy equate to an almost guaranteed profit for a lot of stocks as long as the Federal Reserve keeps interest rates at near zero.
Why would any entry-level worker return to their jobs when they’re being paid more money to stay at home. Remember there’s a cost to going to work and one of Joe Biden’s orders was to return America to the Paris climate agreement, which has equated to transportation costs in America skyrocketing.
So for an entry-level worker who has to drive a car or take public transit and buy food to go to work, why in the hell would they opt to return to their jobs if that choice for them is optional? After all, COVID-19 s still a problem right, I still see VACCINATED public officials wearing masks. If they’re vaccinated and they’re still wearing masks, clearly this COVID-19 virus is dangerous, why should an entry-level worker return to work in those dire conditions?
Joe Biden got elected promising to increase and enhance the welfare state and the end result is predictable, supporters of his are taking him up on his offer. Now, here’s what I’ve been arguing for quite some time now, I suspect the U.S dollar will rebound very soon because of the Euro-dollar system.
The main reason why the U.S dollar reigns supreme in the world is that most central banks base their central bank policies on their domestic Welfare State. Now, I know the Federal Reserve does it too, but the infrastructure for the U.S dollar already exists throughout the world, and therefore for most people, hoarding U.S dollars is preferable, because the U.S government promotes hoarding U.S dollars overseas.
I like to point out that when Barack Obama gave Iran their Billion dollar payout, Iran demanded to be paid in CASH in US DOLLARS! the bad news for Joe Biden is that inflation is going to rise everywhere and what most countries are going to do is debase their currencies to the U.S dollar, which sounds like a gift, but will be a curse because domestic prices won’t come down in the United States because Joe Biden is pro-public sector labor union.
The COST of operating the U.S government is a lot higher under Joe Biden and because of his economic policies, the cost of operating the government will not go down without austerity measures, which equates to the PRIVATE SECTOR in the United States being forced to raise prices. Now, that Joe Biden is calling on businesses to raise wages, which I suspect many private sector companies will do, this is going to lead to INFLATION for the United States not seen since the Joe Carter administration.
How inflation works in this environment is that it just keeps rising and rising and rising, meaning that your productivity as a United States low-income wage earner will be worth less than it would have been had Joe Biden became President and DONE NOTHING for 4 years! From an economic perspective, most workers are being smart by taking their time and returning to work, because the DOMESTIC-PURCHASING-POWER of the U.S dollar is going to drop, regardless of what happens in the Forex markets.
Interesting times ahead!
