Both Ron DeSantis and Donald Trump Want a Dovish Federal Reserve, Joe Biden Prefers Chaos and Cheap Labor and Appears Indifferent to Federal Reserve Interest Rates – June 26, 2023,
Personally, I think Joe Biden is the most corrupt President in U.S. history, but the laws of the universe tend to correct all things, and when it comes to Joe Biden, I think the likelihood that his descendence will pay for his OVERTLY immoral deeds are incredibly high. History has shown this to be the case thousands of times, and I don’t see Bidens being an exception.
Economically Joe Biden’s policies appear to revolve around CHEAP labor (via his open border policies) and an expectation that interest rates will be forced down to zero, as was the case under the Obama administration.
If read and listened to a lot of people who imagine that no matter what regulations are put on the economy, interest rates HAVE to remain at zero or at extremely low levels to combat a RECESSION? I ofcourse, disagree with this ideology as I’m a believer in MY version of the Petrodollar, which revolves around almost every transaction in the global economy in some way, shape, or form involving PETROLEUM.
The current President, Joe Biden, has decided to declare war on fossil fuels(which includes HIGHER PRICED PETROLEUM), and it’s for the reason that DOMESTIC consumer price inflation is running RAMPANT in the United States. Now that we have this established, we can discuss the GOP frontrunners Ron DeSantis and Donald Trump.
Donald Trump is a REAL ESTATE mogul and Real Estate moguls LOVE low-Interest Rates.
The strength of the U.S. dollar has made Donald Trump a very wealthy man; Donald Trump is not your average real estate investor who buys a few houses and tries to flip them or live off of the cash flow; no Donald Trump, the real estate investor is in the COMMODITIES business, Trump knows the cost to build an entire HOTEL or Condo, the price of bricks, windows, gold, silver, oil, copper, etc., Donald Trump is familiar with all of it, and when Trump purchases these commodities he’s not using his own money, he’s BORROWING the money and leveraging everything to make sure anything he builds is cash flow positive.
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So Donald Trump as president should not be overlooked for the VALUE he brings to the table, the problem is that Donald Trump is a one-of a-kind, and although he may be able to properly finance America’s existing welfare state, he leaves the door wide open for a future Joe Biden or far left Democrat to cause a lot of damage if they succeed him.
As President Donald Trump for example, used TARIFFS as leverage against other countries, now, a valid argument could be made that, well, other countries were levying tariffs on U.S.-made products; you’re right, but the U.S. is a democracy, and Donald Trump is not a KING, so in case you’re not aware, Joe Biden has not only kept Donald Trump’s tariffs, Biden added on more tariffs while simultaneously finding other U.S. industries to overly regulate.
Regulations are actually the most DAMAGING thing to the economy, and it’s the Democrats’ number one selling point to voters. When some politicians or some public or popular figure gets people to SELF-CENSOR, this self-censorship REGULATION can actually prevent INNOVATIONS in the marketplace. While you might only think about technological innovations being stopped, I’m actually talking about social innovations.
Social innovations being stopped in their tracks for POLITICAL CORRECTNESS destroy entertain, which also destroys the human imagination; you have to remember that the goal of Left Wingers is to create STATIC UTOPIA.
If you ask most Christians what heaven looks like or how they imagine heaven, all Christians will imagine something different, they might quote scriptures, but the concept of HEAVEN allows a Christian to imagine all sorts of things; Left Wing ideology differs in that it wants you to envision a STATIC existence in which certain “Gifted” or “anointed” people are in charge of your well being.
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The mere thought of this is DEPRESSING; however, if it’s successfully sold to voters as liberating because the “powerful” appear to be handing out free welfare indefinitely, well, then you can see why common sense voters would be in favor of a Donald Trump.
Donald Trumps DEMAND for a low-interest rate policy is indeed to PRESERVE the welfare state; Donald Trump is a man of the people, and he loves to be POPULAR, and because Trump loves to be POPULAR, the U.S. constitution takes a backseat to his style of governance.
Trump does fight for FREE SPEECH, which for many is enough for them to vote for him with all of his flaws, but this blog revolves around finances and economics, and this is why I find Donald Trump extremely problematic.
Donald Trump initially appeared to be a bit of a Libertarian; it turns out Trump merely used his business GENIOUS to see a voting demographic that most politicians were completely ignoring. A lot of people love Ron Paul and Libertarianism, but they do see Libertarians as WEAK, passive individuals who are the nerds of economics.
Trump noticing this created his own economic ideology, which in many was BIG GOVERNMENT, but ran more efficiently, which makes a lot of sense because Trump’s paternal side is GERMAN. Trump’s economic logic appears to be that as long as America is more competitive than other nations, America’s welfare state will be properly financed, and therefore the growth of government will be just fine.
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But the growth of government is the SWAMP that’s prosecuting Trump now, which is where Ron DeSantis comes in. Donald Trump has repeatedly said that he wants to protect Social Security and Medicare, meaning he wants to preserve the welfare State. If you want to preserve those two forms of welfare, why not protect all the other welfare benefits the government offers?
Ron DeSantis Austerity or Ron DeSantis…
After listening to Ron DeSantis, I don’t think Ron, who is a fast learner, fully comprehends the Federal Reserve, which is actually a GOOD thing; I actually like that Joe Biden doesn’t understand the Federal Reserve; I hate that Donald Trump understands the Federal Reserve because that for me is why I grew to dislike the man.
You’ve heard Doland Trump frequently attack Jerome Powell when Jerome Powell raised interest rates; notice that Joe Biden hasn’t said anything to Jerome Powell while Powell raised rates. That’s the approach I HOPE a President DeSantis takes, and it’s why if Donald Trump becomes President, he will cause even more CONFUSION for people who don’t understand finances or economics.
Most hardened Trump Supporters feel like it’s the PRESIDENTS’ job to lower interest rates, and these Trump supporters are leaving the door wide open for a future Hugo Chávez.
Most people don’t understand why most global currencies hyperinflate so quickly. Before the Venezuelan Bolivar was worthless, Hugo Chávez made sure he was as President, able to fully control INTEREST RATES.
Similarly, the peso has no MARKET value in Cuba or the world because their banking systems have no perceived INDEPENDENCE. Although Trump might be smart, he’s not the supreme leader of the United States, and the independence of the Federal Reserve is extremely important because if, let’s say, a future Joe Biden becomes President and that future Joe Biden by fiat DECLARES that Federal Reserve should adopt a ZERO PERCENT INTEREST RATE policy INDEFINITELY, that’s when it’s game over.
Now, Donald Trump is the first President to PUBLICALLY attempt to SHAME Jerome Powell into lowering interest rates, and this was a very DANGEROUS precedence because this also showed many of us that a lot of supposed Conservatives are EXTREMELY short-sighted as far as money is concerned.
You’ll still see it today amongst Trump supporters that they want the President to DEMAND that interest rates be lowered, no matter how many REGULATIONS Joe Biden puts on the economy.
The Federal Reserve or central banks, in general, as constructed in the modern era, are supposed to allow governments some independence from market fluctuations WITHOUT bankrupting the nation.
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If the world were on a Gold Standard, the U.S. as presently constructed, COULD NOT service its debts, but under this fiat system, it can, but imagine a scenario in which under a fiat system, the U.S. could not SERVICE its debts; what then? That’s when FORCED austerity happens, and that’s why the Federal Reserve is raising interest rates.
Washington’s Spending is not only out of control, but it’s also bringing in LESS revenue. The data suggests a recession is looming, and raising interest rates is a way for the Federal Reserve to warn Washington that a RECESSION or Depression is on the horizon. What people tend to forget is that Zero interest Rate Policy ENCOURAGES Washington to SPEND its way out of debt, but if the evidence suggests this plan is not working, it’s the Federal Reserve’s job to restrict Washington.
Now, with Trump, Jerome Powell appeared to be trying to align central bank interest rates with market rates, but Trump didn’t want that; why? Well, as President Donald Trump created SPACE FORCE, trump did NOT stop spending, even though he cut regulations, and you have to remember that some U.S. States have a lot of regulations that prevent them from growing.
Will Ron DeSantis rip off the Band aid one day one
There was an exodus from New York and California during Trump’s presidency, and the Federal Reserve is, ofcourse, watching this data and interpreting it as an attack on him PERSONALLY.
Oddly enough, one of Donald Trump’s attacks on DeSantis is that he’s overrated because Florida was doing just fine before DeSantis arrived; this is a lie; people were not leaving California for Texas and Florida because of Donald Trump; they left these regions because of the policies of those STATE governors, verses the alternatives offered by Democrat governors.
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So for me, when it comes to DeSantis, are we talking about Ron DeSantis Austerity or Ron DeSantis trying to be popular? Based on the DeSantis fight with Disney, DeSantis doesn’t appear to be FOCUSING on being popular, which COULD equate to Ron DeSantis being one of the best Presidents in U.S. history.
I can’t speak on the modern Luis Fortuño, but the Puerto Rican governor Luis Fortuno I love that guy, as he laid out the blueprint for ALL conservatives to follow, and Ron DeSantis as Florida governor, I’d argue, did a relatively good job showing us that he has AUSTERITY in him.
Will we get Austerity, Ron? I don’t know, I don’t know what’s in Ron DeSantis’s mind or heart, I also don’t know if he’s beholden to special interest groups, but I know what to expect from Donald trump regarding Interest rates, and it’s frightening, and I’m hopeful Ron DeSantis will take a Joe Biden hands-off approach to interest rates.
Interesting times ahead!