The Stupidity of Joe Biden Continues: Biden Signs another executive order guaranteeing to Raise the Cost of Living on Low Wage Earners – July 9, 2021,

First and foremost I’d like to dispel a myth that’s often paraded around as fact. All poor people are not created equal especially in developed Western nations. Whenever I can remember to do so I like to point out that the wage-earning working-class poor should not be confused with the Welfare poor. If a person is on welfare and 100% reliant on the government for their survival, these people in my opinion shouldn’t even be classified as poor nor should they be included as people who will suffer from the cost of living increases.

For as long as this fiat money scam is allowed to exist, government dependents are in many ways living much better lives than the WORKING CLASS WAGE EARNERS! I write most of these posts for middle and low-income WAGE earners, who work in the PRIVATE SECTOR I could care less about most public sector workers as their wages are based on arbitrary numbers created by an inefficient government, with NO incentive to control spending.

People on Welfare who do live are living better than some rich people, imagine not having to work a single day in your life, getting free water, free electricity, free food, free clothing, free internet, free cable, etc. How are these welfare people poor? and why should people on welfare care about the cost of living? If the cost of living goes up people on welfare often get more money for welfare. A person on welfare doesn’t contribute to society, but they have the right to vote for people like Joe Biden. This is of course the flaw of Democratic Socialism, which is something even Karl Marx points out in the Communist Manifesto

When Joe Biden passes executive orders targeting big businesses, he’s making the cost of doing business more expensive by adding more bureaucracy to the process.

Now, if you understand that free-market economies generate wealth then you comprehend how dumb and devesting 72 government RECOMMENDATIONS will be to the economy.

72 actions and recommendations that the White House says “will lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.”Biden set to sign competition order targeting big business | abcnews

More regulations equate to a higher cost of living, each regulation or each recommendation equates to more government enforcement, and last time I checked government or public sector workers do not work for free and not only do government workers not work for free, but they’re also often unionized and if not unionized they’re often paid an above-market wage for their work.

There’s no incentive for any government person to pay their workforce market wages, in fact, most people seek out government jobs because they pay more money. Despite what the morons think everything Joe Biden is doing is DEFLATIONARY for the economy, now what Big governments do when the economy starts to deflate is governments begin diluting the money supply, in this modern era they call it printing money.

But as we all know the Federal Reserve doesn’t Print money it provides liquidy, so many of us know that it’s likely that the U.S Federal Government is going with its new costs is going to require more money to even SERVICE those costs.

With that said, the U.S domestic economy shouldn’t be confused with the forex markets, it wouldn’t surprise me in the least if the U.S dollar rallies because as was the case with Barack Obama when he made his boneheaded economic decisions, the entire planet which is suffering from ECONOMIC DEFLATION will debase their currencies, to prop up the US dollar, why is that you ask? Because most of the world has socialist policies that do not work and in order for those economies to remain solvent they must prop up the U.S dollar, which at the moment is the GOLD STANDARD of currencies.

Now, had the U.S dollar been backed by gold or something tangible, none of this nonsense would happen, but just like Milton Friedman, I accept things for what they are and base my future analysis on the stupidity of the people who vote for these tyrants.

As was the case with Obama, American dollars will be better spent outside of the United States, unfortunately, Joe Biden’s economic policies might spark TERRORISM. A lot of money inadvertently winds up in the hands of bad actors when the United States government INCENTIVEIZES investment outside of the United States.

I’ve argued in the past that Barack Obama inadvertently financed ISIS, Obama if people remember bailed out Wall Street and overregulated American businesses, as horrible as Donald Trump was for the U.S economy, what Trump got right was cutting regulations on U.S businesses which is one of the reasons why terrorism came to halt under the Trump administration.

A lot of companies wh are responsible for preserving the Welfare State of Western countries, often have to go out further on the risk curve whenever their own governments attempt to label them “Tax cheats”. Now the Conservatives will argue, why don’t these companies remain in America and pay the taxes?

Well, these companies have a legal fiduciary duty to look out for their shareholders many of whom are retirees, now if these companies fail and they’re in the United States, what’s going to happen is the U.S government is going to check all of their records until they find something they can use present to the American people that this company was being reckless with people’s pensions.

A lot of people in HIGH FINANCE commit suicide for a reason many of them via government regulations are often forced into horrible situations. Should I use the word “force”? Yes! Because they might be investing in great companies one day and then an idiot like Joe Biden signs an executive order forcing them to entirely change their investment strategy.

Anyway, this is another deflationary event that is going to push prices up for American consumers. Now, some people when they think economic deflation believe prices are coming down, no, prices CAN’T come down, because it’s now illegal to cut certain costs from your business.

Prices might be stagnant, but until the Federal Reserve starts raising rates and allowing companies to default and LOANS, costs of doing business are going to go up, while the economy DEFLATES. Now, to really bring things home, more U.S dollars in America will buy fewer goods and services, which means that Joe Biden will have to borrow more money to get less stimulus

How long can this stupidity last? I genuinely do not know, because as I like to point out PEOPLE AND CORPORATE ENTITIES ON WELFARE DO NOT PAY THE INFLATION TAX!. This is a really hard concept for most people to understand because most people assume all money is made equal when this is far from the truth.

We are all in a voluntary barter relationship, if there people not contributing their fair share, they’re not going to understand when the private sector working class is suffering, and when these private Sector wage earners are suffering many of them will REFUSE TO WORK, thereby shrinking the private sector workforce and increasing welfare recipients which thereby accelerates federal government BORROWING. BORROWING IS deflationary

Interesting times ahead!