It’s Official Joe Biden is the 46th President of The United States of America – Are Stocks going up or is the U.S dollar going down? – November 7, 2020

One thing is for sure when it comes to the new President of the United States Joe Biden taxes for the wealthy are going up, which ultimately means the cost of being a job creator is also going up. As many people know a lot of the regulations cuts made by Donald Trump were via executive order, so Joe Biden can easily undo these orders and pretty much bring the U.S economy back to the Obama era, which was plagued with currency wars stimulus.

Currency wars and stimulus are reliant on innovative ideas to bring the economy forward because progressive ideologies often evaporate tried and true concepts and instead move the economy forward with untested theories which may or may not work. During the Obama era as many of us know, there was no economic growth, what we got was deflation covered up by bank liquidity which obviously led to a lot of malinvestment and more debts for the U.S economy.

Now that Donald Trump is yesterday’s news, we have look at Donald Trump’s presidency differently, Donald Trump, in fact, spent more in 4 years than Obama spent in 8 years, and because of this Joe Biden will make life twice as expensive for middle America.

Now, common sense would say to get out of U.S dollars now, but what a lot of people are already seeing are currency wars, because of o the moves by Donald Trump was for America to have a tit-for-tat tariff battle with other nations, well, Joe Biden can barely complete a sentence and Kamala Harris is the most far-Left President of all time, so one would assume the U.S dollar will fall in value and in the process, other countries would find ways to devalue their currencies also.

As a Canadian, who trades in the forex markets, if it’s one thing I understand is how Canadian welfare programs are paid for, Canada’s public sector is financed not by taxes but by devaluing our currency, and with Joe Biden as President of the United States, all of sudden Canada looks like a better place to park your money.

Once Biden starts raising taxes, Canada starts to look sexy again, which in my opinion may lead to the Canadian dollar going up in value, no because Canadian exports to the United States will be hurt by higher Canadian dollar, it’s likely that Canada’s central Bank the bank of Canada will lower interest rates, it wouldn’t surprise me if Canadian central bank interest rates go negative.

All well and good, Wall Street and Bay Streets problems are fixed, but the real problem facing America and Canada will be Mainstreet, The Joe Biden presidency to me will lead to an increase in homelessness in both Canada and America, primarily because of the ways our economies are structured.

In Scandinavian countries, they don’t kill their private sectors to pay for their welfare, instead, they enrich their private sectors and force regressive taxes on their citizens. So the point of sale taxes tend to be higher in Scandinavian Europe whereas silly laws like minimum wages that hurt small and medium-sized businesses are sometimes abolished.

Small business people tend to imagine the world differently from employees and this way of thinking helps to enrich the minds of European countries who want a welfare state but who don’t want to destroy their private sectors. Unfortunately even this method of governance comes with some drawbacks and many European countries are increasingly becoming dependent on energy imports and this brings me back to Joe Biden.

Trump made America energy-dependent which guaranteed a solid tax revenue, if Joe Biden signs up for the Paris climate accord, the cost of American energy will skyrocket and become dependent on oil-rich countries like OPEC who will do nothing for generating tax revenue for the United States, which ultimately leads to the U.S dollar being devalued.

Now at this point everything is speculative, I’m not sure what’s going to happen, but one thing is for sure, the U.S dollar is losing value and if this trend continues I expect currency wars, a race to the bottom which oddly enough benefits commodities, so I can imagine Donald Trump’s disappointment that his dream economy will never happen, what happens now is most likely the rich get richer and the poor get poorer, also if you live in a poor neighborhood don’t be surprised if your police department is defunded.

I’m not entirely sure how much truth there was to Joe Biden talking about police reform, but we’ll all be waiting to see what does. At the moment it doesn’t I’d argue that sticks are going up because the U.S dollar is going down and that’s not a good sign for the new President!

Biden presidency would calm but not cure trade troubles with U.S., business groups warn | TheHill

Interesting times ahead!