The U.S Dollar really hates President-Elect Joe Biden, U.S Dollar continues to retreat, while stocks rise – December 17, 2020,
Unfortunately for a lot of Americans, they’re unaware of how good the U.S federal reserve is in comparison to other more devious central banks. The U.S debt Problem has less to do with the Federal Reserve and more to do with America’s bloated government, which most conservative Americans believe only exists because of the Federal Reserve.
It’s one of those which came first the chicken or the egg situations, I’m a believer in what Robert Kiyosaki teaches which is financial education would correct most of the financial problems of the world. It’s financial education and not the central banks which are the root causes of these financial disasters and it’s for this very reason why the corrupt Federal Reserve is still preferred over most of the world’s other central banks.
What this means is, in a nutshell, is that real inflation is coming to the world because this U.S dollar retreat won’t last forever, what’s going to happen are currency wars. I like to remind people that there was no recovery under Barack Obama and… Donald Trump didn’t create the best economy the world has ever seen.
The Obama term was plagued by currency wars and bailing out Wall Street. If Barack Obama was a white man he would have easily been the worst U.S President ever, the color of Barack Obama’s skin actually helped to create the economic monster we have today, as the press created an atmosphere that Barack Obama could do no wrong.
Now if people remember, the justification for treating Barack Obama like a spoiled child was that Leftists feared he would be assassinated. Maybe it was justified maybe it wasn’t but it did create a whole new deep state and new ideology that liquidity/money printing was the only solution moving forward.
What Donald Trump from an economic perspective represents is what happens when a competent business person is president of the United States. Of course, Donald Trump has his flawed, but his America first policies brought an excitement to the markets that nobody has ever seen before, but let’s make something clear, Donald Trump increased America’s national debt while also promising a lot of welfare to a lot of different people and legal entities.
So because it appears Joe Biden will win the 2020 election, and Joe Biden’s plan is to reverse most of what Trump has done, those of us who paid close attention to what Trump has done for the markets can conceptualize the potential economic disasters waiting for the Biden administration. Trump cut a lot of regulations and one of Biden’s first presidential decrees will be to put the American economy under the control of the Paris agreement
Even if you’re one of Joe Bidens biggest fans, the Paris Accord is horrible for the U.S economy, it’s the worst regulation of them all, in fact, Trump dropping the Paris agreement was one of the best things he did as President. That’s what pushed the stock market up, now under Joe Biden, the anticipation is for Joe Biden to tax, regulate and spend, which is why most people are considering stocks very cheap at the moment and others are using the current value of the U.S dollar to buy up assets in their countries or simply hoard their local currencies until they figure out what Joe Biden is going to do.
What’s inevitable is there will be currency wars, but if you know what’s going on, you’ll be able to buy back U.S dollars cheaper. As an example in Canada, I expect Canada’s central bank will go negative or do something to get people out of hoarding the Canadian dollar, once this happens then I’ll sell the Loonie, but as this race-to-the-bottom-currency-war takes shape, the cost of living is going to go up for Mainstreet America, because as I’ve stated in a lot of different posts, the American dollar buys more outside of America than it buys inside of America.
However, if you live in a country like Canada, where the U.S dollar in many instances will buy you less, you know there’s a serious economic problem in your country, because like it or not the US dollar is the gold standard of currencies.
China the world’s biggest currency manipulator as an example might benefit most from Joe Biden, even if it’s not Joe Bidens’ intention to help the Chinese Communist Party his energy regulations on American manufacturing gives more power to China.
The world is entering into a state I called Late-Stage-Socialism the governments of the Western World are too big, they’re so big that COMMUNIST CHINA has more of a market economy than most Western Nations. This will be corrected one way or the other.
Unlike in times past, there are more people who know the flaws of socialism and communism, so if the Western World is LUCKY ENOUGH to get a market crash, maybe we can bring some sanity back into the market place. But if this continues, the world is heading to war or a Chinese Communist Party-controlled world!
When money hates you, it’s usually a sign that you don’t have leadership skills. Joe Biden and Kamala Harris’ lead from behind ideology will be put to the test if Biden is able to steal the 2020 election.
Interesting times ahead!