BlackRock warns that investors are making a mistake by betting on the Fed to cut rates – This Is Why I agree! #LateStageSocialism

I’m a believer that the petrodollar is indeed a real thing. People tend to forget that Jimmy Carter also declared war on fossil fuels, and I like to point out that Richard Nixon, in my opinion, is a lot like Donald Trump. Joe Biden was elected because the media taught the public to hate Donald Trump, well, Jimmy Carter was elected because the media taught Americans to hate Richard Nixon.

What separates Donald Trump from Richard Nixon, however, is that Richard Nixon had an EXTREMELY low IQ when it came to the economy. A lot of people, when referring to the “Gold Shock” video of 1971, enjoy talking about the U.S. severing ties to the gold standard; I prefer writing about the PRICE CONTROLS, which in my opinion, were the main problems with what Nixon did.

In my opinion, it was actually the price controls that led to higher interest rates, and let’s be clear about interest rates shooting up during the Reagan administration and the REAL REASON they eventually came down. During the 1980s and 1990s, the world engaged in AUSTERITY MEASURES; this period, for me is why Ronald Reagan should be given credit for his LEADERSHIP.

If you listen to Donald Trump, who is currently the front-runner for the leader of the Republican Party, Austerity measures or shrinking the size of the Federal Government is not his main priority, I do like a lot of Trump’s regulatory cuts, but Trump is not running an austerity measures campaign. Trump was t save social security and medicare and other ENTITLEMENTS, championed by the Democrat Party.

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Now, if Donald Trump were a DICTATOR, his ideas might work, but the U.S. is a Democracy, and if Trump becomes the next president, he will have to NEGOTIATE every step of the way, meaning that it’s likely that consumer price inflation is going to linger. Furthermore, Donald Trump is PRO Price controls; Donald Trump has said in several interviews that he intends to fire Jerome Powell, and he wants to have LOW-INTEREST rates. Trump, similar to Richard Nixon, is PRO-PRICE controls.

If it’s one thing I can say I like about Joe Biden, I haven’t heard Joe Biden talk about the Federal Reserve raising interest rates on his watch a single time. When Nixon decided to engage in price controls, consumer price inflation became extremely problematic, Watergate happened, and Jimmy Carter similarly had a low financial IQ, so Jimmy Carter ignoring that price controls were a problem, decided to pursue his own green agenda.

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It took Ronald Reagan’s austerity measures which didn’t appear to be austerity measures at the time to COOL inflation. As the Federal Reserve raised interest rates, Ronald Reagan used higher interest rates as an excuse to SHRINK THE GOVERNMENT. You’ll notice that Donald Trump is eager to get the federal reserve to LOWER INTEREST RATES, meaning that Trump doesn’t have the ability to roll with the punches; Trump is more of an “it’s my way or the highway” personality and I bring this up because if the 2024 election is Biden vs. Trump, it screams more consumer price INFLATION regardless of who wins.

Now, would I prefer Donald Trump? Yes, but Trump is ANTI-MARKET rates from the central bank. Sure, I’d like to abolish the central banks, but before we get there, market rates should be considered; when interest rates go up, it’s a signal that there are TOO MANY GOVERNMENT levers screwing up the economy. Capitalism, free markets works, they work so well that people create a government to tame it, but you don’t want to tame an animal to be LAZY or confused as to what it should be doing.

This current war on fossil fuels is a short-sighted ideological war that creates more problems than it solves. When Jimmy Carter, similar to Joe Biden, got into the white house, they completely misread what they were walking into. Both had ideological agendas, sure I think Biden is corrupt, but he’s also clearly ideologically driven; a lot of Democrats imagine the economy should take a backseat to their ideological agenda.

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They imagine a greater good and feel justified in imposing pain to achieve their end goal; people who don’t understand the important role sound economics plays in prosperity will often attribute all the good things in the world as a product of what they’ve been fighting for their entire lives. People ultimately see what they want to see, and this is why LOW IQ politicians often inspire people’s imaginations.

Currently, a lot of people want to believe money can do things it can’t do if Joe Biden pursues policies to phase out fossil fuels, inflation will continue to run rampant, and the consequence of inflation will be SHORTAGES because profit-driven businesses if they can’t see a profit, will change their behavior and you have to remember that building a business in America with all of the government regulations is very difficult, so a lot of what could be made or produced locally will likely be done overseas, which is INFLATIONARY.

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If Trump is President, Trump wants to make access to capital cheap, now, although inflation might slow under Trump, cheap money creates MALINVESTMENT. I always like to point out that we don’t know what Big Tech looks like without a Zero Percent Interest Rate Policy. When I monitor Bitcoin as an example, most people betting on crypto almost mirror the behaviors of the Bond Market.

The people in the Bond Market are betting that the Federal Reserve will lower interest rates and do another Quantitative Easing(QE) program. I can’t blame them for thinking this, but I’m a petrodollar guy, not in the traditional sense; I believe that the Petrodollar exists because petroleum is EVERYWHERE. We live in a petrochemical economy whether we like it or not, and until there is a VIABLE alternative and the war on fossil fuels continues, I expect consumer price inflation to run rampant.

Sure, the Federal Reserve can cut interest rates; I just think it will be making a HUGE mistake if it does. I also think both Joe Biden and Donald Trump are VERY BAD for the economy. Many see Donald Trump as a QUICK FIX to decades of malinvestment; I no longer see Trump in this way. The moment I saw Donald Trump attack Jerome Powell for raising rates, I knew he was a problem.

Joe Biden is clueless and corrupt, but his extremely low IQ makes him easier to understand. Donald Trump, on the other hand, is a one-of-a-kind individual who, because of his uniqueness and great leadership qualities, has the ability to blame others EFFECTIVELY for problems he created. Donald Trump, in case people forget, went on a VOTE BUYING campaign during the Covid-19 outbreak; unfortunately, Trump also fought for artificially low-interest rates, which made it CHEAP for his opposition to wage war against him.

Under Trump’s watch, Lockdowns happened, and Trump complained about Anthony Fauci, but Dr. Fauci gained the most power and influence under Trump’s watch, primarily because Trump, in his own admission, thought firing Fauci would be too political and wouldn’t LOOK good. What I’m getting at here is that both the Democrats and Republicans CURRENTLY have a CONSUMER PRICE INFLATION agenda, and I think the Federal Reserve has to know they’d be taking a huge risk by lowering interest rates.

It’s not to say the Fed won’t lower interest rates, but if they do, it wouldn’t surprise me if inflation ran even hotter after they did do it.

BlackRock warns that investors are making a mistake by betting on the Fed to cut rates | cnbc.com

Interesting times ahead