Oil prices and the Canadian dollar on the rise as the global economy recovers COVID-19 – August 12, 2020,

 

So in my personal opinion, fiat dollars should also be considered U.S Political dollars, U.S policy is very important to the movement of fiat money. Historically, the markets tend to hate Progressive Democrats, not only because of their promises but because of the confusing implementation of their political policies.

U.S Democrats will tell their voters and supporters one thing and do the complete opposite. What I mean by that is the Democrat Party might tell voters they’re getting free health care and the rich are going to pay for it, but then there’s a big giant loophole available for the uber-rich, which isn’t available to the rest of us.

The markets are anticipating the potentiality of Joe Biden being the next president while at the same time observing the COVID-19 ‘recovery’. By recovery, I mean returning to the way the world was pre-COVID-19. With that said, the likely outcome in the long term is declining oil prices if Trump wins and rising oil prices if Biden wins.

I’ve written about silver and solar panels in the past, but regulating Oil and gas in the manner Biden has stated equates to higher oil prices and the debasement of the U.S dollar. I’ve talked about the limitations of solar and wind before and it’s now been proven via Elon Musks experiment in Australia, that Solar has a lot of limitations.

As successful as some see Elon Musk’s solar experiment in Australia as being, it should be noted that it’s successful only because of Government subsidies. Furthermore, Teslas battery farm can only power 30,000 homes for UP TO 1 hour.

The dedicated battery farm can power 30,000 homes for up to an hour | popularmechanics.com

To date, Elon Musks battery farm is the most successful green energy solution in the world and the best it could do is powering 30,000 homes for UP TO 1 hour. Furthermore, We’re talking about Australia, where there’s an abundance of sun and again he best green energy could do with solar was powering 30,000 homes for UP TO 1 hour.

I say this because, in prior years, the expectation was that people could imagine solar taking over and being a dominant player in the energy space, but in the modern era, the Green New deal is a regressive tax on Americans. Now, it’s unlikely that Joe Biden and newly announced Vice Presidental candidate Kamala Harris will sell their voters on the inefficiencies of the Green New deal, but one things for sure, OPEC will have a whole lot of fun if the Democrats win the election.

I WENT TO AUSTRALIA TO TEST OUT TESLA’S VISION OF THE FUTURE | theverge.com

As it relates to Canadian oil, I don’t think Justin Trudeau and the different globalist and Marxist groups in Canada are finished with their attempt to destroy Canada’s energy sector, so if Justin Trudeau is still in power it wouldn’t surprise me if the higher valued Canadian dollar works against Canada as the different Marxist agendas attempt to make Canadian energy more unprofitable

Posthaste: Canadian oilpatch is enjoying a rare positive moment — will it last? | financialpost.com

The price of oil at this point, in my opinion, is politicized, there are many forces lobbying against Canadian oil, which let’s be honest would be dominating the world had we not had such horrible leadership in this country. I keep saying it, we’re squandering Canadian talent with bad policies and the brain drain in Canada is real and will continue to accelerate as the Canadian government grows and Canadian politics move further left.

I’m getting used to hearing about Liberal Corruption scandals now, anytime I see a flashing headline of Liberals caught in another political scandal I roll my eyes. These are bad signs for the Canadian economy and I keep having to point out that when it comes to fiat money the forex markets don’t tell you what’s happening to Mainstreet.

It wouldn’t surprise me if the Canadian dollar continues to rise, what’s problematic is the coming cashflow crisis. To show you how efficient Canadian energy businesses are, some are still finding a way to profit during these times. I’ve stated this over and over again, the Canadian dollar shouldn’t be this low, the Canadian dollar is low to pay for bloated government and this, of course, leads to a brain drain, because why should I as a smart person take less money to finance the bloated paychecks of bureaucrats who are working against my best interests?

My prediction for the oil is that I expect it to rise, depending on the perception of the U.S election. If the markets believe Biden will win, the price of oil is going up, I wrote about solar in this article, because now the information is out there, even Micheal Moore had to point it out, renewable energies are very limited. This bodes well for OPEC and fossil fuel countries in the future.

Canadian dollar rises with oil; 10-year yield hits a two-month high | financialpost.com

Interesting times ahead!