Joe Biden Wins The 2020 Election and The U.S Dollar loses its reserve Status, now what? – October 10, 2020,

A lot of people in America are baffled as to how the Federal Reserve could be subsidizing the Trump administration with all of this money and the United States still hasn’t seen much of any inflation? Well, the truth of the matter is quite simple, at the moment U.S dollars are used all over the world, there’s a demand for U.S dollars primarily because although America doesn’t have the freest market in the world, it’s definitely one of the freest places on earth.

Not only is America free but it has a formidable military, it’s not to say that the U.S military can’t be defeated it’s just that no opposing country is interested in figuring that out yet. Staying on the topic of America’s public sector, America is a rare nation in that it exports its public sector to protect other nations.

The U.S military is still an in-demand public sector that in various ways is financed by other countries using U.S dollars. Unfortunately for the modern Democrats, Donald J. Trump has stumbled on something, that most politicians often ignore and that is, that most nations have become dependent on the United States for their ECONOMIC survival.

Countries such as Canada and or Australia for that matter need not worry about China taking them over, not because of their own military but because of the illusion of the U.S military and therefore in countries like Canada, not as much investment from Canada is made into their own military, it’s little things like this that Business mogul turned Politician Donald Trump has used to his advantage economically.

Now, Donald Trump might not be a likable person, but his mind operates like a shrewd businessman, he’s put this shrewdness to work for the United States. As all business people learn, no good deed goes unpunished and if Donald Trump loses the upcoming election, the inflation a lot of people are looking for will more than likely find it’s way to middle America.

Now, fortunately, and unfortunately, the U.S status as the worlds reserve currency is still a voluntary action, America isn’t forcing any nation to use the dollar, however because of how the laws that govern the Federal Reserve make it one of the best central bak options in the world, the U.S dollar is imagined as a safe haven.

Now, being a safe haven currency is actually a burden for American entrepreneurs, it often baffles most people how some countries with worthless currencies still manage to have rich people, well as Robert T Kiyosaki of RichDad.com teaches an asset is something that puts money in your pocket, regardless of what currency that money is in, cash flow is cash flow!

Being that America is one of the most entrepreneurial nations on earth, only moronic politicians could destroy the American entrepreneurial spirit. That brings me to Joe Biden, now Joe Biden comes across as your typical lying politician, who says one thing but does something else while in power, but Joe Biden isn’t the problem te problem is Kamala Harris, who is definitely no Barack Obama and No Hilary Clinton, why she’s important in all of this is that Joe Biden looks frail and it wouldn’t surprise anyone if Joe Biden becomes president and then steps down, due to health reasons.

When Donald Trump contracted Covid-19, nobody was nervous Trump would die, what was more nerve-wracking was the fact The Donald caught the virus, now imagine if Joe Biden became president and caught COVID-19, would that not terrify you?

If Joe Biden caught Covid-19 I’d personally be shocked if he survived. Although Joe and Trump are nearly the same age, they don’t look like it. Joe looks old, moves, and talks slowly, which equates to the possibility that Kamala Harris could be the next president if Joe gets sick. This could be catastrophic for the U.S dollar status as the world’s reserve currency.

I’d even prefer Hilary Clinton over Kamala Harris, Kamala isn’t even likable so I can see her NON-EXISTENT democrat base turning on her and I just don’t see how would negotiate with China, the middle east, Russia etc. Now, this has nothing to do with her gender, it has more to do with her track record, California as an example is turning into a hell hole, unlike Hilary Clinton who will use her gender as an advantage, Kamala Harris appears to be reliant on her gender, up close Harris looks and sounds very weak, I can honestly imagine her crying under pressure.

Imagining Joe Biden as the leader of the Free world is a risky bet, but America losing its status as the worlds reserve status, really isn’t that big a deal for people in business, it’s just a big deal for the middle class and poor because the government will no longer be able to spend in the manner in which it does now because as is the case in other countries, big government debases the currency.

All debasement means is that central bank liquidity comes at a cost to the retail consumer. So in the event, Joe Biden wins, the U.S depending on Biden’s economic policies, will see the U.S dollar debased. Now, I’m not really into the whole political stuff, so I’m sure Biden and his ‘peeps’ will try to blame Trump, but it won’t matter, as a market participant I’ve noticed that every time the markets believe Biden will win the 2020 election, the U.S dollar goes down!

The Forex markets have been quite clear that they don’t like Joe Biden and if the forex markets don’t like Joe Biden, what will most likely start happening is that there will be increased calls to remove the U.S dollar as the worlds reserve currency.

Now, the immediate impact won’t be felt in the United States until the Biden admin inevitably engages in stimulus spending. As was the case under the Obama Administration, the U.S dollar will go down until the Republicans SUCCESSFULLY push back against Democrat spending.

In business it’s not just about spending money it’s about what you spend money on, the reason the markets allow Trump to spend is because of how he spends the money, he’s not as wasteful with spending as Joe Biden promises his voters he’ll be. Donald Trump cut regulations, now raising taxes is one thing but Joe Biden also plans on adding more regulations to the U.S economy, this is also a form of government spending as it makes the U.S private sector less productive and less competitive.

So if the U.S dollar loses its reserve status Joe Biden and deems it wise to spend, regulate and tax well inflation will run red hot. So, in conclusion, if Joe Biden Wins The 2020 Election and The U.S Dollar loses its reserve Status, now what? I think Joe Biden/Kamala Harris become the modern Jimmy Carter administration, with that said I do think history will repeat itself and the U.S will reassert its dominance in the world.

Jimmy Carter was so bad that had it not been for Ross Perot the Republicans may have served 16 straight years in office! I’m of the belief that sometimes things have to get really bad before they get better. What Trump as president has shown and reminded the world is that politicians can be more important than Central Banks.

The stagnant global economy from my perspective appears to be the result of bad politics and not central banks. The central bankers are merely facilitators of bad politics, but all of it appears to start with the politician in power.

Now, we all should have known this simply by observing countries like Singapore or Switzerland, but that’s the good news about Joe Biden, I think he’ll be so bad for the economy in comparison to Trump that it will wake up a lot of people to how destructive incompetent politicians can be on people’s lives!

I definitely think Joe Biden puts the U.S dollars reserve status at risk, but as per usual, the people who will suffer most are the financially uneducated! For me to write about financial education will have to wait for another post!

Interesting times ahead!