The Economic Destruction That Started With Barack Obama, Accelerated Under Donald Trump and creating SHORTAGES and consumer price inflation under the Biden Administration #LateStageSocialism – December 15, 2021,
So Barack Obama along with the Federal Reserve bailed out the rich, sure these problems began long before Barack Obama became president, but it was his response to the problem that created the disaster we’re in now. Barack Obama bailed out Wall Street while at the same time adding more regulations to the U.S economy(btw to keep this post short political social justice which is a financial burden is included as a regulation on the economy) and although the Federal Reserve could have easily refused to finance Obama’s spending, let’s stop pretending the Federal Reserve is independent because it lowered interest rates to accommodate the U.S government.
That aside Barack Obama’s spending was still limited by the Republicans who did everything in their power to prevent Barack Obama from doing what Joe Biden is attempting to do in December 2021. On our to Joe Biden becoming President of the United States of America, Donald Trump had a very LOUD 4 year run as president.
Donal Trump was a hard-working PATRIOT that had a slogan called “America First”, by America first Donald Trump meant PROTECTIONISM, In Canada, we know the Tories who represent the Conservative Party of Canada represent a protectionist ideology but at one point Americans, rejected Tory protectionism which stemmed from England.
Patriotic Americans historically were cowboys preferring to stop out their completion with free-market capitalism, not centrally-managed-State-Capitalism. So although Trump sold himself as the American dream a lot of his policies were actually creating a cult of personality. Prior to Donald Trump losing the election, his followers chanted “We Love You”?
In my world, politicians are usually the scum of the earth and true patriots would never send checks in the mail to win elections. What Trump got right that Joe Biden got wrong were REGULATIONS on the economy, Trump cut a lot of regulations on the economy and used tariffs as means to get his foreign opposition to submit to his demands.
Tariffs are a tool often used by Tories, a lot of Canadians forget that the Liberals at one point were more free-market than the Tories, unfortunately, modern-day Liberals have merged with Leftists bastardizing the term, and therefore in the modern era, we have to use the term “Classical Liberals” to differentiate modern Liberals from the freedom-loving individuals their ideology is derived from
Anyway, a lot of the mistakes of Joe Biden are due in large part because he has a very low Financial IQ. Let’s imagine for a moment, money didn’t exist and we had to barter, well Donald trump would thrive in that environment because Trump understands business, Joe Biden spent most of his life in politics, meaning that with the respect of the Fiat U.S dollar Joe Biden is an ignoramus.
When you’re ignorant about something, you tend to surround yourself with similarly ignorant people, it’s inevitable, we all after all want to feel comfortable in our surroundings. So the Biden administration similar to the Obama administration is chalk filled with financially illiterate ignorant people. Now, don’t get it wrong, these financially ignorant people would probably do EXCELLENT in social studies or political science, maybe even in law, but I know a lot of people who have a lot of money, but who struggle with basic math!
How could this happen you ask? Well, POLITICS! Government Regulations on productive people in an otherwise free market allows malinvestments to FLOURISH, although I had good things to say about Donald Trump, let’s point out the bad, first and foremost Donald Trump when Jerome Powell was raising interest rates, because the inflation data was positive, tried to embarrass Powell publically?
Trump being a real estate mogul, of course, liked the idea of NEGATIVE INTEREST RATES, which kind of set the stage for a Bitcoin rally, because if the “Republican President” wanted to keep interest rates abnormally low for personal and political gain, can you imagine what would happen if a Democrat became President?
When the world of socialists, Marxists, and financial morons, they don’t imagine regulations on the economy as that big of a deal. Let’s not forget that Donald Trump gave us Dr. Anthony Fauci, who from an economics perspective is a regulation MACHINE, any dumb medical idea Left-Wingers had Dr. Anthony Fauci basically approved it.
Now when you combine, Dr. Anthony Fauci with Joe Biden, that will lead to shortages, because it’s not only about shortages of stuff, there are shortages of LABOR to produce or MAINTAIN the infostructure that helps us receive the stuff. Because Joe Biden has no bartering skills, he imagines himself as Ceasar and not a manager of the federal section of the economy.
I decree that this regulation on the economy will lead to poor people having more money, I summon the Federal reserve to distribute moneys where they need to go appears to be the philosophy of Joe Biden. Unfortunately, America is based on freedom, and what Leftist tend to forget is that if people aren’t incentivized or inspired to work, they’re going to change their behavior.
You have the skin color of former oppressors or colonizers, I Joe Biden will regulate the economy such that your success will be punished, I also decree that your body be stamped the badge of the Federal or State governments if you wish to participate in the economy of my build back better plan. To those of you in the Mainstream media, I your President Joe Biden, demand better coverage, all of this negativity regarding my build back better plan needs to be stopped immediately, the American people need positive messages about and images of their President! I summon thy green energy to be law of the land, the climate is changing and we must change with it, I your Joe Biden demand fossil fuels be abolished as soon as possible and replaced with green alternatives. That will be all for now, get the money printers ready please,
Of course, I’m missing something, but I’m trying to keep this post short. Are you understanding me here? Don’t imagine for a second this is something new, this is what always happens when the government gets too large. It becomes comedic, one of the funniest people to watch is Benito Mussolini, his insecurity was worse than Kamala Harris. But during that period of National Socialism, the people wanted an EASY answer to their failing economy.
What I will say regarding Joe Biden, is that he’s creating SHORTAGES, YOU CAN’T HIDE SHORTAGES by printing money or providing liquidity to the banks, shortages are shortages, and shortages usually occur when the government sticks its nose where it doesn’t belong. You can call this era, whatever you want, but for me, because it looks so familiar, I prefer labeling this LATE-STAGE-SOCIALISM!
Because this is always what happens when government gets too large, eventually the people don’t see anything worth fighting or working hard for. Usually, these periods coincide with fiat money. When Rome officially failed, all the value was sucked out of their currency. How do you fix this problem you ask? Well if you want to save the fiat monetary system, you’re going to have NORMALIZE interest rates.
If you’re unwilling to normalize interest rates, eventually the confidence in Fiat money is going to disappear Gold and Silver historically become legal tender to get respectability back into the currency, but what’s interesting in this era, is that there’s something called Bitcoin or cryptocurrencies.
Now, for me what this means, is that humans might RETHINK money altogether. Politicians all over the world right now are looking like IDIOTS! and that’s the problem with globalism is that the people pushing for globalism are taking the risk of having their plan blown up in their faces. Choose Liberty!
Interesting times ahead!
