The Problem Donald Trump created and Joe Biden is accelerating: Workers are ‘rage quitting’ their jobs which will lead to fiat price inflation and Economic DEFLATION – June 5, 2021,
I personally believe there was massive voter fraud during the 2020 election in the United States, but with that said, there were two giant mistakes Donald Trump made as President, the first mistake is Donald Trump created the dovish Jerome Powell, there was a period in time in which Jerome Powell was raising interest rates, then Donald Trump openly criticized Jerome Powell for doing the right thing and Jerome Powell made the decision to become the most Dovish Fed Chair I’ve ever seen.
Yes sure, Jerome Powell could have been like screw Trump I’m going to do what’s best of America, but personally being the realest that I am and knowing how passionate Trump supporters are, if I were Jerome Powell would I want both the Political Right and The Political turning on me and my family? Because you have to understand that because Donald Trump was unwilling to shrink the size of the Government if interest rates continued to rise, Trump would have to slice government spending, which may have even been unpopular with his own base, which did have the Public sector employed employee with labor unions.
The second mistake Donald Trump made was sending checks to Americans affected by the pandemic, the rise, and power of Anthony Fauci is a direct result of Donald Trump who pushed Anthony Fauci out to the public as his expert. Trump was being criticized anyway, he’s still being criticized now, and because he allowed Anthony Fauci to be the leader of disease prevention. Anthony Fauci constantly flexed his muscles which included the acceptance that lockdowns and masks were the best path forward.
Now had Trump been a leader who could handle criticism, instead of feeling the need to argue with everyone, Trump could have done what Biden is doing now, which is NOTHING! People who hated Trump then, still hate him now, but because Trump wanted to be liked he flooded America with free cash.
Election fraud aside Joe Biden won the election and I wish people would be honest and stop saying Joe Bidens best years are behind him, Joe Biden has no best years, in Joe Biden’s prime he was an admitted plagiarist, Obama pulled Biden out from the slums to make him is Vice President and in my opinion, this decision was made because everyone knew Biden was no threat to Obama’s popularity, as is the case now, Kamala Harris is no threat to Joe Biden’s popularity.
If let’s say Susan Rice was Vice President, I doubt anyone would ask Joe Biden anything, everyone would assume Susan Rice was the president of the United States. Kamala Harris on the other hand is uncomfortable in her own skin, she screams insecurity and she makes Joe Biden look like the leader.
I bring this up because obviously, the end goal of the media is to blame the private sector for a problem caused by Government, most media outlets are going bankrupt and will require government assistance, the Democrats are likely to give the media a bailout of sorts.
The Private sector is competing with the Government for workers, because those free government checks being sent out have more current value than a person having to go to work at a job they don’t like for those checks, and for as long as those government checks will pay someone’s bills, the private sector is going to have to raise the pay of workers, which is fine, but the real problem is that consumer prices are going to go up and this is deflationary for the economy because people on fixed incomes, which oddly enough will be welfare recipients will see a loss in their DOMESTIC purchasing power.
So once prices begin to rise as is the case via rental controls, the media is going to blame the business owners just like they blame the landlords. What most big-government-loving people think is that the government is best suited to build homes or expropriate businesses that charge prices the socialist voters don’t like.
But this is what accelerates problems and therefore I expect consumer price inflation to run rampant, and I hope people don’t confuse the value the forex markets give the U.S dollar with what the U.S dollar will buy in America. Because the forex markets are DECENTRALIZED and although some people don’t want to admit it, the Euro-dollar is a real thing.
Meaning that Joe Biden is going to find himself fighting a deflationary economy by borrowing money, this deflationary death cycle with what I attribute to #LateStageSocialism in this system, the only fix is austerity measures which mean raising taxes and cutting government spending, but even that won’t work unless interest rates are normalized and if interest rates are normalized asset prices come down. So a tiny example or preview of asset values coming down are home equity loans.
If interest rates rise, home equity for most people will VANISH overnight, so if as an example you’re entire lifestyle is based on asset appreciation, you’ll be wiped out! That’s only one of the problems with normalizing interest rates!
Now when you understand that, and you see that workers are refusing to return to work without better working conditions, you’ll quickly see that fiat price inflation could be approaching rapidly!
Interesting times ahead!