Joe Biden and Kamala Harris signal devalued U.S dollar and Higher Oil Prices as Democrats surge past Republicans in early voting – October 9, 2020,
At this point there’s no getting around this, the evidence is clear, abundant, and obvious, Joe Biden and Kamala Harris will trigger a great recession. Something often ignored about Donald Trump is what he did to OPEC, Trumps America first policies really were America first, sure maybe the guy is a loose cannon in certain respects, but the leaders in particular regions of the world feared him and therefore allowed market prices to dominate the market.
Well unfortunately for all the Democrat voters, Joe Biden and Kamala Harris at least in the eyes of the Forex markets and Oil Cartels look very weak. Every single time news of a Biden or Kamala Harris victory in 2020 hits the market the dollar drops and energy prices start to rise, why? More than likely because of the ‘Green New Deal’ or a variation or derivative of climate alarmists.
Something similar happened under Obama until the Republicans were able to control spending, I’d argue that Joe Biden is far worse than Obama ever was and there’s a very real expectation that Joe Biden will step down and Kamala Harris will be the President of the United States.
All of these potentialities are being priced into the value of the U.S dollar and it’s really a sight to behold. Now, according to early polling which is a bit deceptive, Democrats have surged past the Republicans, now this is nothing new, it happened when Trump challenged Hillary Clinton but you can’t ignore the data.
Now, although I think Donald Trump will win, I’m not going to discount the reality that Biden could be the 46th President of the United States. My issue from a market perspective with Joe Bidens current lead is that he doesn’t appear to have a passionate following, his following outside of hardcore Democrats appears to come from Americans who do not like Trump and this is very bad for Joe Biden if he wins, because he essentially dissolves into Jimmy Carter if elected.
If people vote you in just because they don’t like the other guy, once the people are forced to size you up as president, this could lead to all sorts of chaos from your own voters, especially if the cost of living begins to rise drastically with Biden as the leader.
Joe Biden has said he’s going to ban fracking or phase it out, I’m not entirely sure what his position is on Fracking but everyone knows what the Far-Lefts position on Fracking is. Alexandria Ocasio-Cortez, Bernie Sanders, and the other socialists in the Democrat Party have made themselves very clear, they want to ban fracking, they want to ban coal they want to remove incentives from fossil fuels and I’m not sure how Joe Biden plans to balance this.
All of this democratic socialism is getting priced into the markets as we’re all placing our bets on which Joe Biden will show up in 2021. I personally think President Joe Biden equates to gridlock which under a COVID-19 lockdown.
In my opinion, as per usual, the Democrats will attempt to make all sides happy, which equates to more regulations on fossil fuels which will drive costs up, also Joe Biden promises higher taxes as well as investments into unproven green energies many of which equate non-positive-cashflow-producing companies which will gladly take the free money.
Now, higher oil prices are bad for U.S consumers also because Biden will go back into the Paris Climate Accord, so I assume there will be a proposal for some sort of carbon tax or an additional cost for carbon, this will obviously lead to higher domestic oil prices for Americans, which I suspect American business will pass onto consumers immediately. If Biden regulates American energy out of existence, the American energy sector will have no loyalty to him, which again is why OPEC appears to be getting so bold
Sure Donald Trump isn’t perfect, but already we’re beginning to see signs of what a Joe Biden Presidency looks like. Donald Trump would be wise not to claim this market, although a lowered valued U.S dollar is the one thing that boggles my mind when I think about Donald Trump, who has done everything in his power to talk down the greenback.
The U.S dollar typically goes down, because the U.S dollar in comparison to other currencies isn’t viewed as a Petro-dollar, so what has always confused me about Donald Trump is why he’d save the energy sector and talk down the Greenback? To this day I still don’t understand why Trump does that, it’s a mixed signal and shows that he has a lack of financial IQ in the Forex markets, I can imagine Trump is not sure what to do with this current market, I doubt he’s able o correctly identify what’s happening.
This is why I although I have Trump winning the 2020 election it wouldn’t surprise me if Biden won, there are clear instances in which I think Trump looks unhinged, Trump has already done the work, now would be the time for Trump to sprint across the finish line by promoting his own agenda instead of focusing on discrediting Joe Biden.
Joe Biden and Kamala Harris speak for themselves, they’re an economic disaster waiting to happen and if America votes for them, the American and global economies deserve everything that comes along with it. Again I see gridlock under Biden, when or if Donald Trump is yesterday’s news, the Republican Party isn’t going to simply roll over and die, they’re going to fight.
If Joe Biden wins a majority, which is doubtful, I give him 2 years max before America really starts to hate him, and Kamala. Up close Joe Biden isn’t likable, he’s only preferable for some when they compare him to Trump.
Powell announces new Fed approach to inflation that could keep rates lower for longer | cnbc.com
Joe Biden in my opinion is the new upgraded version of Jimmy Carter, solar panels and all and I actually can see America genuinely hating Joe Biden and Harris within their first few months in office. If you’re voting for Joe Biden or you think Joe will win, you’d be wise to watch the price of oil, and commodity prices, because one thing is for sure the greenback will take a hit under President Joe Biden and the cost of living is going up, which is bad news if the Federal reserve plans to allow inflation to run red hot
Oil Spikes After OPEC Claims: ‘’The Worst Is Over For The Oil Market’’ | oilprice.com
Interesting times ahead!