Stock Market Prices Going Up While U.S Dollar Struggles To Stay afloat, Something Very Weird Is Going On – February 8, 2021,
So the Stock Market is up, but the U.S dollar is struggling, and being that I’m in the Forex markets, it looks like some currency wars are happening, now, it’s less than a month into Joe Bidens Presidency and the markets are behaving like Obama was President, the difference being that Barack Obama wasn’t beholden to a far-Left group of ideologues, whereas I’m still not sure if Joe Biden is dead serious about raising the FEDERAL minimum wage to $15 per hour.
Barack Obama was one of the first U.S Presidents not to touch the federal minimum wage, even Barack Obama wasn’t as dumb as Bernie Sanders, who by the way can’t even get a $15 minimum wage passed in the State of Vermont. Now, although I like to write about Government wage controls, Joe Bidens Far-Left promises are all over the place, I haven’t’ even been able to skim read through all the nonsense in his executive orders.
Because of what I’m hearing is pushback from the Democrats with some financial sanity, I’m personally going to let this stuff play itself out because right now, the stock market looks like a casino, I’m personally above 1100%, at this point all of my initial investments are free, because I pulled out my initial investments and playing with house money, but the house’s money looks like a house of cards, even some of my risky long-shot bets are up 10%.
I don’t feel like we’ve reached a top yet, but I also don’t see any fundamentals in this market. Everyone appears to be betting with the expectation that the U.S dollar is going to be worth-less in the future, which is fine until you understand the cash flow crisis that will be created with all of this currency manipulation.
Being that Joe Biden appears to be bailing out every entity reliant on the U.S government for its survival, this, of course, equates to malinvestment and the financial institutions bombarded with failing ideas that want financing. The real economy is going to be in serious trouble, but Wall Street might be a novel path forward because it will soon become evident that if interest rates don’t go up, the U.S dollar and the fiat monetary standard as we know it today is going to end.
Interesting times ahead!