If Joe Biden wins the 2020 Election: Watch the oil-gold ratio – July 14, 2020,
What has gone over the heads of most economists, as well as most Democrats, is how Donald Trump has managed to keep the cost of living down, mainly via oil prices. Candidate Donald Trump talked about this over and over again, Donald Trump the private citizen was all about putting price controls on the cost of foreign Oil, so I can only imagine how excited Donald Trump was to call OPEC countries the moment he became the 45th President of the United States.
Donald Trump the business person, working in the rough and tough hotel industry, obviously understood regulations, in most of Donald Trump’s books as a private citizen, he talked about the future of America, during television interviews Trump talked about tariffs, regulations, and trade barriers if modern the Democrat party hadn’t gone so far Left, Donald Trump would probably be one of the best Democrat Presidents ever, however the Democrat Party, for the most part, is now the Socialist Party of America and the problem with Socialists is economics take a backseat to social justice.
Being that social justice changes as the wind blows, the real populist in the 2020 election is Joe Biden. The Leftist media mob, for the most part, will obviously attempt to label Joe Biden as a moderate and a return to the Obama years, but Obama was bad for the economy, Obama bailed out Wall Street, and even then Asset prices were already artificially high.
People haven’t forgotten the last Gold and Oil Bull runs, these things tend to happen under Democrat leadership. Leading into the fall election, there will be little Trump can do about the price of oil, because there will be a lot of people placing bets that Joe Biden will win the 2020 election and this will be disastrous for people with pensions, disastrous for the value of the U.S dollar, disastrous for the global economy and potentially disastrous for the Democrat Party.
Joe Biden could very well be the next Jimmy Carter and Donald Trump could very well be the next Herbert Hoover. Herbert Hoover if people forget similar to Donald Trump was a businessman, which is why during the so-called great depression, he opted to do NOTHING!
Doing nothing was not what the democratic mob wanted to hear during that era, the people of that era want the “The New Deal”, the people prior to the Great Depression wanted more government intervention, which is why the Great Depression was prolonged. Hover was Succeeded by the Democrat Franklin D. Roosevelt who in my opinion is the main reason why the Great depression lasted so long.
However, it’s important to remember that because government intervention into the economy hadn’t been tried to that degree before, the American people, patiently waited as Franklin D. Roosevelt created disastrous policy after disastrous policy.
Similar to what I expect for Joe Biden, Franklin D. Roosevelt added more regulations to the economy, Gold confiscation happened under Franklin D. Roosevelt. Executive Order 6102, I hate whenever people like Peter Schiff talk about returning to a GOVERNMENT Gold Standard because he clearly hasn’t comprehended history, democracy exists whether people like it or not, and the mob can vote to take your wealth away.
Executive Order 6102 is an executive order signed on April 5, 1933, by US President Franklin D. Roosevelt “forbidding the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.
Quite frankly if the mob takes away my fiat dollars I could care less, even rich people could care less, Argentina, Zimbabwe these countries have frequent currency crashes, but you’d be an idiot if you think that rich people don’t live or can’t exist in these countries.
The best thing about Argentina is that its governments is uses fiat dollars. The captains of industry, in the end, have the most control over the economy, the central bank communist system is made to address the needs of the financially illiterate, who have a hard time comprehending that deflation is the part of a free-market economy.
Work has to be done pulling gold out of the ground and in my view it’s best that people are paid in fiat dollars, because there’s currently no law, preventing people from buying gold or silver using fiat dollars. If you opt not to buy gold or silver, that’s your own decision, if you opt not to invest in Oil and gas, that’s your own decision, obviously, the U.S dollar is going to be devalued, the real question is how much will it be devalued.
In my opinion, Gold and oil will tell the markets how much the U.S dollar will be devalued under president Joe Biden. I expect Donald Trump to win the upcoming election, but even Donald Trump has a tough decision to make if he’s elected. Donald Trump has seen the swamp up close and the best way for Trump to drain the swamp would be austerity measures.
I also think during Trump’s second term, defaulting on loans would be a wise decision, it would instantly drain the swamp as the size of the U.S governed would be forced to shrink. Based on the power of the United States, I think the U.S defaulting on debt will open the door for other nations to do the same, it could signal a normalization of interest rates.
Now, obviously this is wishful thinking on my part, but if Joe Biden wins, the world has a host of new inflationary problems to deal with, Joe Biden will raise the cost of doing business and with every added regulation from the Biden administration the markets will have to recalculate prices, this will obviously prolong an economic recovery, I always have to remind people that Obama’s economy never recovered, the U.S dollar was devalued under Obama, and this signal was clear to commodity prices, gold went down under Obama because productivity was down, what people forget is that Obama created the rise of China
China was the reason why most people forget about Obama’s economic incompetence, China gained a lot of power under Obama, and Biden and Chinas growth gave the American economy a boost.
Well if Joe Biden is president, it’s important to remember the threat China poses now, China has recently annexed Hong Kong, they’re going after Taiwan and they’ve openly threatened America, all of this equates higher oil and gold prices under a Biden administration because Biden is viewed as weak. Sure the article below paints a different story than I’m painting, but take into account what I wrote!
Where’s crude heading? Morgan Stanley says to watch the oil-gold ratio | cnbc.com
Interesting times ahead