NOT SO FAST, BIDEN: The Street Doesn’t Buy It

by | Jan 18, 2021 | Headline News | 8 comments

Do you LOVE America?

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    This article was contributed by Future Money Trends. 

    Last week’s storming of the Capitol was a turning point in many regards, but what we want to focus on is what it signifies to the global community.

    Since the end of WW2, America has represented democracy. Its power and prestige, in terms of its ability to invade other countries in the name of freedom and democracy, hasn’t been challenged much.

    There have always been detractors to the wars in Korea, Vietnam, Iraq, and others, but no Western World leader or emerging nation has ever publicly and formally come out in defiance of the American strategy of policing the world.

    We believe that last week’s Capitol Hill incident will greatly damage any future attempts of U.S. diplomacy to pressure countries to embrace “Americanism” since they’ll strike back, saying that America’s democracy is, in itself, broken.

    How can the U.S. lecture other countries when it can’t even bring the message of democracy to its own people? We believe this is the ramification of that event, which differs from the riots, looting, and other issues that we saw transpire in 2020 that did not have the same ripple effect.

    This is not a political opinion of ours or our way of justifying the riots, but rather an observation of how America’s allies and enemies can use the Capitol Hill incident to their advantage – like China.

    BIDEN’S PLAN WON’T FLY: OBSTACLES ON THE WAY

    We listened to Joe Biden’s speech and what we heard is this:

    1. Taxes Will Be Higher: You will see a trend of “paying your fair share” becoming more prevalent in the rhetoric, even though most billionaires already pay between 37% and 50% of their earned income to the federal government and their respective states.

    Corporate taxes will rise and any tax loopholes will be harder to strategize. We’re pretty sure that in order to rebuild America’s infrastructure in the coming years, the administration will put pressure on high earners to be “responsible” and pay more!

    1. Government-Created Jobs: It’s looking more and more like America is taking a centralized approach to job creation.

    Because capitalism and global competitive forces drove corporations to outsource and search for human resources in cheap labor pools in the Far East, China, South America, and Eastern Europe, the American worker has been left in the dust.

    They haven’t evolved and adapted to this change, for the most part, so the government will fill that vacuum for millions of people who haven’t been able to figure out how to deliver value in the 21st-century American economy.

    Infrastructure jobs will be the norm.

    1. Biden Won’t Sail in Smooth Seas: Not everyone is convinced that the solution to the so-called broken capitalistic system is more government directive. Most who share the opinion that there’s a problem in America believe that the problem is too much government as it is.

    It looks like the government doesn’t want to wait for the private sector to figure it out on its own. We expect unemployment levels to shrink, of course, since the government will find jobs for millions of people, but America will look more like China than itself.

    Big changes are ahead and we don’t like them, to be honest.

    America has turned a page and its new book might be increased centralization.

     

    URGENT ON GOLD… as in URGENT

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    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

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      8 Comments

      1. The Dem. party and the rest of deep State don’t care what we think and say (except to use our words against us), the recent dirty election proves that. There is no point complaining about gov’t/officialdom, it accomplishes nothing. It is better to publicly ridicule official hypocrisy, corruption, incompetence, and how show how phony they are. To always hold them in a healthy deep suspicion, and to teach your children the State and its officialdom is the real problem.
        This site ought to be mainly used to show how illegitimate the State is, to educate how unnecessary, parasitical, and authoritarian the gov’t/ officialdom really are. To exchange ideas how to thrive and live successfully while absolutely minimizing interactions with gov’t/officialdom. To inform others of any useful information and build unity.
        The very act of interfacing with gov’t forces us to do everything on their terms, which are designed to ensure the State maintains predominance. Don’t play their game, that is, don’t cooperate, don’t willfully obey, don’t render any loyalty to the State and its gov’t.
        Each facet of our lives ought to be about the 5 Fs – our Faith, Family, Friends, Finances, and Future. We should be primarily living for, and putting our time, resources and energy into them, not the State. You will learn as you concentrate on these things your life will improve, you and those around you will be happier, more secure, have more resources, and be more informed.

        • Words of wisdom Mr Bill, excellent.

          Or in simple terms; The further you stay away from the government the better. Engagement with the government, if voluntary and not required, is typically a mistake.

          The best education for anyone today, is to give them a copy of the constitution, the bill of rights, and declaration of independence.

      2. The typical, American lemming will always believe in the path of least resistance.

        Anyone who wants to be successful will have to create a new form of convenience, which especially saves a lazy public the trouble of thinking.

      3. There is an error in the opening statement. The U.S. is not now, nor has it ever been, a “democracy”. It is, and always has been, a Representative Republic. Stop using fake news political buzz phrases, and fact check what you are writing. The pledge of allegiance, which precedes all fake news, says ” And under the REPUBLIC for which it stands”.

      4. In order to understand the workings of modern America, you have to take into account MMT since this is what the monetary system is based on since completely decoupling from gold in 1971. The bosses have determined that the debt cannot be paid back without putting the economy into an immediate depression. They have decided that the Fed will backstop the government debt by supplying endless credit created from thin air.

        Realize that all the money supply is loaned into existence (loans which are, in fact, debt itself) and must continually increase in order to pay back the previous loans along with the attached compound usury. Compound interest is an exponential function (rule of 72). The printing must continue and increase. This is why you see each successive administration increase the deficit more than the previous ones. We will soon be talking quadrillions as easily as we talk trillions now and talked billions 20 years ago.

        The whole world does the same thing with their unbacked fiat. It will continue until there are too few physical resources to back the system up. Then it will collapse in a cloud of dust. Gold will not help because when the system collapses there will be no surplus of anything to buy. It will be root hawg or die.

        Better keep the sand rail tuned up and the assless chaps conditioned. Mad Max is just over the horizon…

      5. Biden is also eliminating the 1031 exchange program, which is a vital commonly relied on relief program for real estate investors and individual home owners.

        Under Biden, you will no longer be able to move property equity from one sale to another purchase, tax free under 1031 terms.

        So in basic terms, selling and buying, just got around 20% more expensive because you will pay capital gains tax.

        And Biden is going to force the realtors, appraisers, and mortgage companies, to disproportionally value minority homes higher. Because when you’re down and out, what you need as an individual citizen, is higher house pricing, funneling a higher portion of your limited income to megalithic lenders.

        You know what they say, if you can’t break into a market segment by merit or demand, just call your government friends and force your way in, wedge out the competition, by use of government force.

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