As Joe Biden gets closer to the white house the U.S dollar continues to go down – December 3, 2020,

Although the story in Canada is promoted as the Loonie rising, the reality is that as Joe Biden gets closer to the white house and reveals his plans for the U.S economy, people all over the world are dumping U.S dollars. Now, most people assume that the U.S dollar is the world’s reserve currency because of some globalist edict, but the reality is the U.S dollar is the world’s reserve currency primarily because it enables other countries to finance their public sectors by debasing their own local currencies.

So if this U.S dollar decline continues and by watching it, you might notice that the U.S dollar isn’t devaluing quickly, it’s doing so slowly, which resonates with me because for many there are factors act play. From my standpoint, Sidney Powell is onto something even more so than Rudy Giuliani, because she is pursuing criminal allegations against Joe Biden, whereas Rudy Giuliani is merely trying to overturn the election results.

Furthermore, Joe Biden’s competence as leader of the free world has come into question, and if the State of Georgia has fair elections for their Senate race, chances are the Republicans will win it easily. If the Republicans win Georgia, that would equate to gridlock, however, Joe Biden can still raise taxes and rejoin the Paris Climate agreement, he can also raise the federal minimum wage to $15 and he could get America into a few more wars.

Furthermore, under pressure, a lot of Republican senators might flip, so all of this comes into play and this is why I think the markets are calling this thing right. It’s a slow slide for the U.S dollar because there’s a lot going on right now.

However, if this slide gets really bad and let’s say the Canadian and U.S dollar are near parity with each other, this will end in a currency war, because there’s little to know why or the Canadian government to finance itself without debasing its currency next to the U.S dollar.

However, with Biden’s tax plan, as well as his willingness to form an economic alliance with his trading partners, Canada becomes a better place to park your money. Bidens leading from behind strategy is common amongst Democrat leaders and the markets are pricing that in. Where this becomes problematic is that based on current market conditions, I think Canada as an example will have to go into negative interest rate territory to debase the Loonie.

Because Canada’s Debt to GDP numbers are skewed because of our currency manipulation, let’s just say I can see things that should be obvious to most Canadians about the cost of living, interest rates in Canada were to go negative.

North American stock markets up in late-morning trading, loonie continues to rise | yahoo.com