The Forex Markets Really, Really Hate Joe Biden, Stimulus Spending Is Already Built In – October 19, 2020,
I make a lot of money betting on the forex markets, and stimulus spending is only part of the story right now, the major story appears to be Joe Biden potentially being the President of The United States, which is a signal to sell U.S dollars in a manner Donald Trump wished for.
Donald Trump being a real estate guy, like most real estate people who profit from debt, wants a devalued U.S dollar, unfortunately, those o us who hate debt, see things in the opposite, we, hate financial stupidity and as dumb as Donald Trump is regarding understanding the Forex markets, Joe Biden and Kamala Harris are borderline mentally retarded.
At least the Forex market can comprehend what Donald Trump is attempting to do for the u.S economy, Kamala Harris and Biden because of the number of ECONOMIC lies they’ve told on the campaign trail equate to U.S dollar debasement in a manner in which will be unprecedented if the American voter is dumb enough to hand their country over to them.
I have to be honest, as a hoarder of gold, I don’t mind Joe Biden winning, Joe Biden is good for people like me, I just feel sorry for the poor idiots who think Joe can or will make their lives better. Joe Biden will make it easier for the rich to get richer and hoard.
Now, hoarding equates to dumping the U.S dollar for at least 2 years, the same thing happened under Obama, the Canadian dollar as an example nearly reached parity with the Greenback and only retreated because the then CONSERVATIVE Canadian government via coordination with their central bank lowered interest rates and even increased tariffs, why? Because as I’ve stated, the U.S dollar is the worlds reserve currency, not because some central authority says so, but because it’s consumption-led economy allows countries with enormous welfare states to appear solvent.
Donald Trump was the first president to ever notice the behavior of the Forex markets, the problem with Donald Trump is that he’s a real estate guy and assumes he has the powers to control the Forex Markets. You can’t have a pro-business environment and expect people to dump U.S dollars, now Biden, similar to Obama has progressive policies and there’s none in their right mind that goes going to hoard American dollars if America politicians start mimicking Scandinavian countries.
So although people are basis the Forex markets only on stimulus spending, be warned that the Forex markets already know that stimulus spending is guaranteed, the stimulus is an inevitability, the question is, will Joe Biden and Nancy Pelosi bailout New York and California pensions, if you want to debase the U.S dollar, that’s a good place to start, but you see dollar debasement hurts the poor and once this happens, it’s a walk on Wall Street all over again.
I don’t think the Democrats comprehend what the world they will inherit in the white house. even if you hate Donald Trump, that doesn’t matter, he’s exposed the incompetence of the political establishment and if he’s gone the contrast is going to be abundantly obvious. The Forex markets can see the Biden disaster from a mile away and are waiting for American voters to vote for the guy who can barely complete a sentence!
What a time to be alive!
North American stock markets fall on uncertainty over U.S. stimulus before election | CTV
Interesting times ahead!