Regressive Taxation and The Possible Reason Why The Euro and The Dollar are Near Parity For The first time in 2 decades, The Welfare State, The Euro, and The Eurodollar – July 9, 2022,

At the time of my publishing, About €97.00 Euros could buy $100 USD and people are confused as to why this is happening? The answer is simple when you understand how most European nations pay for their welfare State. From an economics, Joe Biden and his administration are a bunch of idiots, even if you’re a fan of the Biden administration’s social policies, his economic policies are stupid, however, unlike Europe, the markets expect and are even ANTICIPATING American voters to throw Joe Biden out of the white house and replace him and his administration with some grown-ups.

This is not so much Democrat vs Republican as it is competence vs. buffoonery. Why Europe can’t lead the world economically is because Europe has a SOCIALISM problem. Europe pays for its socialism problem with REGRESSIVE taxes, which is why the COST OF LIVING is so high in Europe. The EU taxes everything it can and ofcourse these prices get passed onto EU consumers, who are then forced to SPEND LESS.

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Now, EU countries were taxing the hell out of their citizens PRIOR to this silly war on fossil fuels, I can only imagine prices in Europe, now that Joe Biden is on board with these silly carbon pricing scams. The difference in America when you compare it to Europe is that this is purely a Joe Biden administration problem, in Europe, it’s a SYSTEMATIC problem.

Let’s say, Michelle Obama or some other Democrat replaces Joe Biden and wins the 2024 election, this new “Liberal World order” as someone called it could be the norm moving forward and if it is, the EU is done and the markets know it. The problem in the EU is that the demand for producers to sell to EU customers isn’t as large as it is in the United States.

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Countries like Canada as an example are heavily reliant on U.S customers and have infact been making some good money selling PETROLEUM since Joe Biden declared war on domestic energy production. Some people say the Petrodollar is a myth I DISAGREE I say the petrodollar is flexing its muscle right now. Oil has no value if it has no customers to sell to, but even if you’re for a Green New Deal, the current deal is the world can’t function without fossil fuels.

I’ve been warning readers about the potential CRASH in oil prices, because a crash in oil prices doesn’t equate to the price of oil going lower in the long term, what it will mean is a more managed SUPPLY of oil coming into the markets as the producers of oil, with the permission of idiots like Joe Biden seek to “Phase it out”

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Joe Biden’s low IQ statements have made him a walking contradiction and if I’m, to be honest, I don’t know what that means to American voters, maybe they like the higher cost of living, maybe they believe in the globalist climate change scam, I don’t know, what I do know is a lot of Americans make money from the governemnt than they pay in taxes, and the markets are willing to FINANCE this bad behavior because some U.S governors usually in the Republican States have gotten used to going to war with consumer price inflation have gotten very good at.

EU countries are TERRIBLE at dealing with consumer inflation, the Welfare State of their economies is heavily dependent on taxing people to consume. A lot of Europeans, still believe in Socialism and are anti-capitalism.

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Now the better way to look at this is entrepreneur vs. government employee. Americans are very ENTREPRENEURIAL a lot of Democrats and Republican politicians in the United States are former business people. So even in the event, you get a Mike Bloomberg for President under the Democrat Party banner, BILLIONAIRE Mike Bloomberg who might think it’s the government’s role to help poor people(which I disagree with) will still comprehend how to generate revenue and ATTRACT capital to the United States.

Joe Biden on the flipside is a career politician, with limited exposure in the private sector, Joe Biden’s economic ignorance is on full display every time he opens his mouth. I don’t even think it’s Joe Biden’s age that causes him to slur his speech, I personally think Biden slurs his speech when he doesn’t know something and pretends he does.

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Now, both Barack Obama and Joe Biden don’t understand the economy, but their powers are currently limited, meaning there’s only so much damage they can currently do, and being the U.S dollar is a CONFIDENCE currency, WEALTH is going to go where it’s treated best. With that said, the U.S dollar appreciating next to the Euro isn’t a good thing, and it doesn’t mean consumer price inflation will stop, it’s just that if I’m INVESTING in STUFF, I’m hoarding U.S dollars.

The writing is on the wall with the European Union, we can pretend we don’t see the obvious, but it’s staring you right in the face. Whether you like it or not, we’re living in a CONSUMER-led economy and regressive taxation is a horrible mixture in a consumer-led economy. In this type of climate, I can’t make any calls for where the U.S dollar is headed, but I’ve been saying for years now, that the world is headed to a situation in which, only AUSTERITY MEASURES can fix.

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THE GOVERNMENT IS TOO BIG! If you’re wondering why politicians are appearing dumber every year GLOBALLY, it’s because of Zero Interest Rate Policy (ZIRP) These low borrowing costs are attracting retards into politics. If you have a basic understanding of finances, consider following Alexandria Ocasio-Cortez(AOC) on social media.

How do idiots like her get into politics? ZIRP! When there’s a MARKET cost to capital, dumb ideas are exposed QUICKLY, in most countries that experience hyperinflation, the dumb ideas of their politicians were quickly exposed because when socialism is sold to the marketplace, the market wants NOTHING to do with it.

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Because the U.S enjoys world reserve currency status, and U.S consumers really up until Joe Biden didn’t FEEL consumer price inflation, idiots were able to rise to power. Do you think it’s a coincidence that career politician and known idiot Bernie Sanders gained popularity with his Democratic Socialism message? Why shouldn’t low-IQ Americans NOT believe Bernie’s nonsense, Barack Obama BAILED out Wall Street, if I’m a young person, I’d ask myself how did Barack Obama bail out Wall Street?

If Bernie Sanders comes along as says Barack Obama bailed out wall street because capitalism is corrupt, and I’m young, ignorant, and impressionable, I’d see myself taking the bait, and becoming a Democratic Socialist myself. Then along comes an AOC spewing the same buffoonery with a much better social media presence and voila you have yourself millions of politically active idiots, who very well could be FUTURE leaders in the United States.

Instead of simply blaming the Federal Reserve, I put the blame on DEMOCRACY. Robert Toru Kiyosaki taught me the value of financial education. Socrates taught me the value pros and cons of DEMOCRACY. Whether you like it or not, idiots can vote and if there are enough idiots, they can vote us all into slavery, so when Bernie Sanders talks about Democratic Socialism, you can see why some of us feel the necessity to push back.

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Democratic Socialism is why the EU is a disaster, the EU is Democratic Socialism much further along and oddly enough Germany and their democratic socialists have put themselves in a predicament, because they already destroyed their economy with PRIOR regulations and now they’re going to war with Fossil Fuels, that’s a lot of REGRESSIVE economic behavior that’s going to be VERY expensive to maintain.

Why I point out Germany is because the Germans are the ones holding together the EU, The Germans are basically the Texas of the EU, and if they’re struggling? You can only imagine what’s happening to other countries in the EU.

Interesting times ahead!