The End of Jerome Powell’s Term coincides with the year most expect the market to Crash – June 15, 2021,

In the year 2022, Jerome Powell is expected to step down and this is the year most of us predict the market is going to be in transition. Sure anything can happen between now and the year 2022, but fiat money, aside the entire economy is sick and the current U.S President who struggles to complete a sentence, and his unpopular Vice President who has the appearance of an insecure individual appear clueless about the economy.

Joe Biden is spending, regulating, borrowing, and attempting to raise taxes all at the same time. We all know Joe Biden is doing this because of his donors, but who really cares why he’s doing this at the end of the day because additional regulations and taxes are costs the private sector must pass onto the consumer.

Currently, most people tend to forget that a lot of businesses are benefiting from government loans, both as business owners who are the recipients of government loans and as well as their customers many of whom are beneficiaries of government loans and debt deferrals.

Well, all of these debt deferrals are EXPECTED to be winding down in 2022, just in time for Jerome Powell to get out of dodge, and for myself, I personally think Jerome Powell saw this well in advance. Jerome Powell became very dovish when Donald Trump began calling him out publically for raising interest rates. I like to talk about the human component and I personally believe Jerome Powell didn’t want to be Trump’s fall guy.

At the time I had thought the U.S economy would slow oddly enough near around the end of 2021 in which time I thought Donald Trump would have to renegotiate America’s debts, boy was I wrong, I never saw a Coronavirus happening, but it happened and it equated to a financial stimulus the world as never seen.

I always like to remind readers that people on welfare don’t care about inflation if you get paid not to work, inflation doesn’t matter to you, you’re not contributing to society, the only time inflation matters is when the welfare check you’re getting doesn’t buy you enough stuff and even then, it’s not like a government welfare-dependent person is going to vote for a politician that promises fiscal responsibility?

 

Anyway, I bring this up because America’s working class, as well as many parts of the world, will be more broke than they realize if interest rates are NORMALIZED There’s a cost to going to work, and that cost whether electricity or gas prices are up. You see if you want a carbon tax, you shouldn’t be energy dependent, in this scenario for America, via the Euro-Dollar system, as I like to point out, U.S dollars will have more value outside of America than they will inside of America.

The only reason inflation doesn’t appear to be bothering most Americans is because of the free money and undeserved loans they’ve gotten. This is all temporary stimulus and it hides DEFLATION. As a Gold hoarder, I keep telling Gold bigs, wait this out, because there’s going to be a HUGE buying opportunity.

I personally expect the price of Gold to fall, how much I don’t know exactly, because debt obligations are going to eventually consume all of this reckless spending, and whether that equates to massive bankruptcies or hyperinflation in the U.S domestic economy, cash is going to be king for a period of time.

The Euro-dollar system is outside of the United States, you might experience it when you travel abroad, U.S-derived debt is EVERYWHERE, and paying back debt in U.S dollars is law in most countries. Now, currently, the Republicans are fighting like hell to stop Joe Biden from ruining the U.S dollar, but even if Joe Biden gets his spending spree, people should understand the corporatist dilemma, because what will become apparent if Joe Biden is able to keep spending is that trillions of dollars into the US economy will buy fewer things in America than it will buy anywhere else.

The U.S dollar currently is the gold standard of currencies, meaning, that for as long as this scam lasts, no one outside of America will care about America’s domestic inflation problems, which will be an American taxpayer issue. Joe Bidens ‘America last’ policies may lead to more Americans flush with U.S dollars denouncing their U.S citizenship.

There is a gift and a curse to being the world’s most widely used reserve currency and if Joe Biden continues to spend recklessly, most of America will learn this the hard way. I’m pretty sure Jerome Powell can see that by the time things get really bad, his tenure will be up, so I don’t expect Jerome Powell to say anything out of the ordinary in the next few days, weeks, or months. Always remember that whenever you see liquidity, do not forget the debt component. The reason the dollar was able to survive with Gold back was the benefits it provides to the hoarders.

interesting times ahead