The U.S Dollar Really Hates Joe Biden but don’t worry Mainstream Media has his back😂 – Dollar on the back foot as Biden optimism bolsters riskier currencies – January 20, 2021,
So, tax, spend and regulate is usually something a President does during the best of the times, not the worst of times. The private sector, namely the private sector tied to the U.S economy generates most of the taxes, and when a government taxes, spends money it doesn’t have and then regulates the private sector business who can’t move out of the U.S economy, that usually equates to an economic downturn.
Now, for the big corporations or the publically traded companies, they don’t even have to pretend to care about higher taxes, more regulations, and an increase in federal government spending because as an example they can simply either move to Puerto Rico or move their operations out of the United States altogether, it’s not like Joe Biden can do anything about what another country charges in taxes or tax shelters.
Plus even if Biden’s admin finds a way to tax said corporations, said corporation will simply raise their prices, and Joe Biden is going to help corporations raise their prices with his new Green New deal carbon tax scheme. All the morons dumb enough to vote for Joe Biden are about to get the Joe Biden experience 😂.
Now, here’s the thing about the U.S dollar, I actually think when or if it tanks the race to the bottom currency wars will begin, which from my observation, means that INFLATION IS GOING TO RUN-RED HOT somewhere? 😂. I think the currency wars have already begun, to be honest, because more people have access to financial software that didn’t exist 10 years ago.
We are on the Euro-dollar system in which the U.S dollar is still king, most countries borrow money in U.S dollars to avoid austerity measures in their own countries, now in America, on the surface, all appears well, because inflation appears to be dead, but inflation is alive and well if you’re forced to pay for big government, which most people in the private sector are forced to do.
Again, Joe Biden has signaled that he is going to SPEND, TAX and REGULATE! What this means is that U.S dollars will have more value OUTSIDE of the United States than they will inside the United State, so everything domestically tied to the U.S is going to need some type of government relief while at the same time Joe Biden goes to war with it.
I don’t know what Biden’s economy will look like, but based on his rhetoric he’s going to have to create a Labyrinth of financial wizardry that will need to be easily interpreted by the markets. Obama had the problem during his entire presidency and what saved Barack Obama was the race to the bottom currency wars, but Barack wasn’t as dumb as Joe Biden, I’d argue Joe Biden if he does what he claims he wants to do is the dumbest U.S President of all time.
In the meantime consider reading the title of the following article, because clearly, the mainstream media has Joe Bidens back, Dollar on back foot as Biden optimism bolsters riskier currencies! = Nineteen Eighty-Four😂!
Dollar on back foot as Biden optimism bolsters riskier currencies | reuters.com
Interesting times ahead!