The Chinese Communist Party Joe Biden: Dependence on Middle Eastern Oil Will Be a Top Priority For The Joe Biden Administration As The Biden Admin joins The Paris Accord and Rescinds Keystone XL permit – January 17, 2021,
Since the Coronavirus and because Donald Trump lost the election (via widespread voter fraud in my opinion) the Chinese economy has really started to take off. I’m not entirely sure how long this will last, because China, as it stands today, is heavily reliant on the U.S consumer, which appears to be losing its standard of living. as we speak, but Joe Biden appears to believe that regulating, increasing taxes and spending is the wave of the future and for this reason, there are reasons to be optimistic IF YOU’RE ALREADY RICH!
China’s economy grows 2.3% in 2020 as recovery quickens | CNN
For the poor and middle class, let’s hope the newly printed dollars Joe Biden will be handing out will be spent wisely, while Joe Biden appears to want to kill those high paying energy jobs. At least for the short term, it appears that Joe Biden’s economic policies will benefit the middle eastern oil cartels and China.
Joe Biden not only is going to join the Paris agreement, but he is openly talking about raising the FEDERAL minimum wage to $15, which at the very least will require a repricing of things all over the United States. When FDR first created the Federal Minimum wage in the New Deal he prolonged the tail end of the Great Depression.
In Denmark, as an example, they have a $22 dollar minimum wage, but it’s not Federal, I personally think at the very least Bernie Sanders should have fought for $15 an hour in Vermont with the same passion he did while running for President, but this is modern-day politics and because most people are financially uneducated and let’s be frank most people don’t care, I don’t think most people are comprehending that Joe Biden is bringing the world into novel territory.
Almost every economic action Biden is about to certify when he becomes President is the exact opposite of what should be done during a period of deflation and record debt levels. Now, let’s call it for what it is, Joe Biden is going to make the rich, richer a the expense of the middle class, but to be fair Donald Trump did the same thing.
The difference with Joe Biden however, will be the U.S stock market, I’m not sure what to make of Joe Bidens’ economic actions until after he does them. I don’t trust the mainstream media, so I will wait until Joe Biden actually signs off on some of these interesting ideas before I make my final conclusion.
Interesting times ahead!