The Expensive Progressive Political Era is about to begin: Joe Biden and Kamala Harris put their ideology first and the economy second – January 16, 2021,
In a few days, Joe Biden is the new president of the United States, and it’s likely that Trump supporters will and those on the Political Right will minimize their exposure to the Federal Government, which also means minimizing their exposure to mainstream and social media.
This will obviously put deflationary pressures on the media and political machine as, those on the Right turn to their analog and digital news source of choice. Now, the Democrats kind of forget what really happened during the Obama years in that there was no recovery, there were only currency wars, China became a superpower un Barack Obama and based on Joe Biden’s policies, I would expect that China overtakes the U.S economy, but not the U.S dollar.
Although I’m sure the Left-wing media will blame people on the Right for every problem they can conceive, I think one thing will be clear in the next four years, and that is that U.S dollar is being weaponized against Americans.
So, a few predictions I have is that the U.S dollar will weaken and then rise again because despite what some people believe, the value of the U.S dollar means nothing, the only thing that matters is the cost of living. Joe Biden and Kamala Harris are going to raise the cost of living FOR AMERICANS living in America, but for U.S dollars outside of the United States, you’ll be able to buy a whole lot more stuff which ultimately means that the world will return feeding off the dying carcass of the American consumer.
Now, all of these economic stimulants, which are really malinvestments that the Biden-Harris administration will be engaging in will help Americans to consume more, but it will also make Americans less productive. This is obviously inflation running-red-hot, more things need to be imported in America, with TARIFFS I made add, which will raise the cost of living.
Biden-Harris are also believers in climate change, the people Biden hired on his team are pro-lockdowns, pro-Paris-Accord, and anti-Second Amendment, this is obviously going to change the spending patterns of the people within America that barter-ability. The stock market is currently down, but it wouldn’t surprise me if it went up after the stimulus, what should terrify Joe Biden is if the stock market doesn’t go up after stimulus!
What Donald Trump stumbled upon was something Biden-Harris better figure out fast and that’s meeting market demands, sure the market wants money, but if Biden can’t stimulate the U.S economy for the class with barter-ability well then what’s left are people cashing-out of the U.S economy and hoarding U.S dollars.
I remind people that after the U.S dollar fell under Barack Obama, the U.S dollar went on to strengthen, as money was fleeing the U.S Stock market. It’s always important to remember like it or not fair or unfair CURRENTLY the U.S Federal Reserve is the best central bank on the planet. This can change, but if it does change all the expensive gifts Joe Biden promised his voters might become WORTH-less than they think.
Biden heads into inauguration with a stock market tailwind | cnbc.com
Interesting times ahead