Bernie Sanders Would Be a Great Presidential Candidate For a Market Crash – August 7, 2019,
Bernie Sanders embodies the career politician, I believe Bernie has been in politics since his teenage year, which explains why he would come to the conclusion that a $15 FEDERAL minimum wage would be a good idea. Even Barack Obama who inherited George Bush’s horrible economy wasn’t as stupid as Bernie Sanders is. Minimum wages is something States can do to either attract labor or appeal for investment depending on what side of the political spectrum you’re on.
Well, a $15 Minimum wage is a nail in the coffin for the U.S economy. More than likely the $15 minimum wage is the only law that Bernie will more than likely get passed on his first day in office, this move would immediately shake the market and more than likely, in order to save the union most investors will pull their investments out of the U.S and leave their money dormant until the Jimmy Carter-Bernie Sanders disaster was over.
Bernie Sanders would have a hard time in Congress because of his extremist socialist policies. Unfortunately for Bernie Sanders Socialism isn’t mentioned in the U.S Constitution and neither is Democracy, so he’d have a difficult time with his agenda getting passed through congress and he would basically be Obama 2.0 as the Conservative Congress and house would demand Bernie align his ideals with the Republic of the United States. In regards to the markets, Bernie would serve as thee perfect idiot and scapegoat to crash the economy on. Whether you like capitalism or not, doesn’t matter, politicians can’t decide what people do with their money.
I’d like to remind readers that the economic bubble in the markets is, for the most part, a Wall Street bubble, there’s a lot of physical cash in circulation but most of the money creation, for the most part, is digital, an economic crash is harmful mostly for retirees or people hoping to retire, but Bernie is a short term thinker and his short-sighted policies would only be realized when the reality would hit the American public as well as the world markets that an actual ignoramus was about to become president of the United States.
Jimmy Carter by all metrics was the equivalent to Bernie Sanders, I get it that Socialists want to take over America, but it’s unlikely, primarily because too many Americans regardless of race believe in individualism, we’re talking about at least 50 million Americans MINIMUM who understand the concept of individualism, socialism at best would fracture America, but what America stands for isn’t going anywhere and the markets are filled with people who can comprehend Austrian economics.
It doesn’t even matter if a person believes in individualism or not, once you start trading stocks and getting involved in business, you’re going to comprehend the free market concept and understand that a $15 FEDERAL minimum wage is a sign to take your money out of the markets for 4 years and sit idle until this idiot is gone. After listening intently to Bernie Sanders I’ve concluded that he’s still the Hippie he was when he first entered politics in his teens.
Because Bernie Sanders has been a career politician, he has limited knowledge to functioning of the Private Sector and to the markets. It’s one thing to read about the private sector it’s another thing to actually have to make payroll for your employees. In my younger years, I didn’t give a damn about your politics, if I worked for you and you didn’t have my money on payday, you and me got some serious problems and to give you an idea of my thought process as a young person I’d be willing to die or go to prison for life if someone I worked for didn’t have the money I worked for. If you think I’m alone with my sediment, I think you’d be mistaken. Don’t mess with people’s money!
Bernie’s ignorant stance to the role the government can play in socially engineering society is a clear sign that he will make frequent blunders assuming that his authoritarian stances on social subjects will be accepted by everyone. Once as a politician, you start to virtue signal, you inevitably offend someone, nice guys finish last because you can’t please everyone, as a democratic socialist, you’re trying to please a mob at least a Populus is appealing to people’s inner financial greed, a democratic socialist is appealing to people’s virtues which can be subjective based on the individual. This stance by Bernie will frequently put him on the hot seat especially once he’s the actual leader of America.
Sure Bernie supporters will claim that some secret society is screwing over their beloved Democratic Socialist leader, but everyone who knows economics knows Bernie is an idiot and more than likely people will simply tune him out and find something else to do for 4 years while he’s in power. The more traditional Democratic candidates would probably be able to do more damage to the American economy in the long term than Bernie Sanders can.
Progressives typically do things in increments, whereas Bernie would do something drastic like raise the corporate tax rate to 70% or tax the rich at some crazy amount, the moderate Democrat would probably undo most of what Trump did with regulations, a moderate Democrat would probably also be bewildered with Trump’s negotiation tactics with tariffs, and more than likely take a softer stance which would effectively make everything Trump did be of wasted effort. Bernie on the other hand in order to appease his base would put himself in a position to give power to the markets to liquidate.
I see Bernie Sanders as the modern-day Jimmy Carter, I see Beto O’Rourke in Texas in a similar manner. Democratic Socialists exists all over Latin America, their policies were implemented in Brazil, Honduras, Ecuador, etc. Democracy is majority rule, socialism is government picking and choosing which portions of the FINANCIAL economy to micro-manage. Democratic Socialists tend to forget that money can hyper-inflate into oblivion. People forget why the European Union exists, Government spending excessive and over-taxation in most European countries left many European currencies worthless. In Italy they’re currency the Lira was worthless and being that they didn’t change Italian culture when Italy joined the European Union there are calls for Italy to leave the E.U so they can devalue their currency again.
Now, don’t get me wrong there are countries like Switzerland and Germany who would have high valued currencies in Europe without the E.U, but what good is a high valued currency if the people you’re selling to can’t afford to purchase your products because their countries currency is so worthless via hyper-inflation?
There’s a price for democratic socialism called hyper-inflation, I get it, some Democratic Socialists in America think that Bernie came up with some new novel idea, but neither Denmark or Sweden have a Federal Minimum wage, in fact, those countries abolished minimum wages, so if Bernie is going to recreate Democratic Socialism Swedish style in the United States, he might want to rethink his stance on minimum wage, because the minimum wage is a huge factor when it comes to destroying a countries economy, minimum wages make running a business extremely expensive and the only way for a Central bank to solve minimum wage problems for businesses is to debase the currency.
I’m not entirely sure how you devalue the worlds reserve currency, but Gold sure looks like a good investment if Bernie becomes President. If the value of Gold skyrockets, that’s a clear indicator that the U.S economy will crash HARD. Although there are calls to impeach Trump, I could genuinely see Bernie Sanders being impeached, because neither Democracy or socialism exist in the U.S Constitution and I could see during a Bernie Presidency, Bernie attempting to use “the will of the people” to enact certain laws. Democracy is mob rule and I’m certain a large segment of the Bernie Mob will try to usurp the U.S constitution and this, of course, could lead to impeachment. But by the time this would happen, investment would have left America years ago. Feel the Bern!
Interesting times ahead.