An idiot named Joe Biden dependent on a dovish Federal Reserve Tells The Private Sector ‘Pay them more!’ while Biden fights for more Welfare Spending #LateStageSocialism – June 25, 2021,
t’s becoming more and more clear with every passing day that Joe Biden has no idea what’s going on. I did my research on Joe Biden for a month after he won the 2020 election and I was trying to find these moments people talk about in which Joe Biden was economically coherent, to this very day I can’t find anything.
There are instances in which Joe Biden was tough on crime, but during that era, that was how the Democrat Party was trying to get back into favor with the American public because as people remember, Bill Clinton won the 1992 United States presidential election primarily because of Ross Perot, who took votes from the Republican Globalist George H. W. Bush.
So, Joe Biden who is heavily dependent on a dovish Federal Reserve is now whispering into a microphone and telling the private sector to pay employees more money, which is fine, but I hope Joe Biden understands that this will also equate to consumer prices going up because unlike the U.S Federal Government which can run perpetual deficits that it can’t pay back, the private sector or a private citizen can go bankrupt if they’re not PROFITABLE.
Chávez expropriated the jewelers of the La Francia building in Caracas | Youtube
When prices really start to rise in America based on Joe Biden telling the private sector to pay more wages if Joe Biden decides to wage war on higher prices by instituting price controls, which in reality is nothing more than a softer form of nationalization of private business what tends to happen is that the private sector will avoid selling to certain demographics altogether.
Already in certain parts of America, certain business have closed their doors forever, why? Because they can’t turn a profit, and them turning a profit has less to do with paying employees more money and more to do with their customers not having the ability to pay the private business enough money to be profitable.
There’s a cost and a risk of doing business, if the risks and the overall costs aren’t worth the potential profits, then the private business owner(s) are disincentivized from continuing to operate said business. With the U.S Federal Government, the only thing that can prevent its growth or prevent the Government from spending money it doesn’t have is the Federal Reserve.
As everyone knows, the U.S Federal Government is beyond bankrupt, Federal Government debt is in the trillions, but yet the U.S Federal Government continues to pay itself and even compete with the Private labor market by rewarding Americans NOT to work.
Now, as I like to point out, Jerome Powell is set to step down from his position in 2022, and oddly enough, that’s when most of us expect the U.S economy to go through its transition period. But Joe Biden appears clueless, to everything, Joe Biden appears to have no point of reference, no direction, a lack of understanding regarding the U.S economy and this is why he appears to be creating enemies for himself everywhere.
I recently even read articles in which the mainstream media was basically turning on Kamala Harris. The reason why I think the media could turn on the Joe Biden administration in the future has a lot to do with their laziness. I’ve personally never seen such a dovish mainstream media before and I know for many in the mainstream media they’re being nice to Joe Biden because of the corporate welfare
But if the U.S dollar domestically buys less, or losses its purchasing power, this will equate to a huge deflationary event for the American economy. Again, I have to remind people that the forex markets shouldn’t be confused with the U.S economy. The U.S dollar might rise in value in relation to other fiat currencies, while at the same time having less purchasing power in the United States.
During the Obama administration, prices went up in America while the U.S dollar rallied. Higher prices for Americans equates to deflation and potential chaos, because you have to remember that higher prices affect the WORKING CLASSES first. People on welfare or government dependents don’t care about inflation, if you’re not contributing to society, what the hell do you care about higher prices.
It’s the working classes, namely the working classes in the private sector that pay for the fiat price inflation if the private sector is ever lucky enough to get a gig that pays wages that keep up with inflation, that also means that the prices they charge their consumers are also rising.
Typically in the private sector, only the businesses that cater to the affluent are able to charge higher prices, when the fiat money is debased. During a fiat dollars debasement, you’d be a damn fool if you’re a small business catering to the poor.
Anyway, this what I call “Late Stage Socialism” we’re approaching the end of a financial cycle and at the end of these financial cycles either there will be cuts to government spending, or as the case in Argentina or even Europe a new currency will be created, which is like a government default/bankruptcy without shrinking government.
I’m still on the side of forced cuts to government spending because for America to abandon its global reserve status would force the U.S government to declare bankruptcy, because as we all know, America benefits from reserve status, without it, the United States would have the worst type of inflation to its currency.
What most people forget is that governments are usually fighting DEFLATION, fiat money is worthless and is only used to HIDE DEFLATION! When fiat price-hyper-inflation occurs, it’s the markets wanting to get all the politics out of their lives.
When the government enacts economic warfare on the private sector, eventually the private sector reacts. President Joe Biden, be careful what you wish for, you just might get it!
Biden whispers the quiet part out loud on the labor shortage: ‘Pay them more!’ | yahoo.com
Interesting times ahead!