The Mueller probe came to an anticlimactic end and Attorney General William Barr’s synopsis indicates that there was no Russian involvement in the Trump campaign or obstruction of justice, so Donald Trump has a clear path to reelection next year – and the latest approval ratings fully justify Trump’s confidence (They should investigate Hillary’s corruption, not Donald’s).
In late 2017 and early 2018, the President’s approval ratings were down to 35%, and persistently stayed at that level for several months. Reported unemployment figures of 3.7% and 3.8% seemed to assuage the voting public, however, and by March of this year, Trump’s approval ratings had increased to 39%.
Yet, while it took a full year for the approval ratings to improve by a mere 4%, since the end of the Mueller investigation, there’s been a sharp increase in Trump’s approval, to the tune of 6% in a matter of weeks. Now, the President’s approval rating is at the top of its range at 45% – and unless economic conditions melt down completely prior to the election, there’s really nothing standing in Trump’s way!
Courtesy: Gallup
He’s even more popular than this above stat shows because Trump’s approval rating among Republicans is up to an astounding 89% now; there will be absolutely no competition or resistance coming from his own party.
Economically, this means the continuation of quantitative easing: the central bank are flooding financial institutions with capital, suppressing Treasury yields, by not raising the Fed Funds Rate and despite the Fed’s claim that inflation will remain low – a steady increase in the devaluation of the U.S. dollar is occurring and I am totally certain that the dollar is headed for a very rough period ahead. It will be a bloodbath.
“I personally think the Fed should drop rates, I think they really slowed us down, there’s no inflation, in terms of quantitative tightening – it should really be quantitative easing… You would see a rocket ship.” This is a direct quote from Donald Trump and what I think that Washington doesn’t understand is that additional QE will feed the inflationary machine, by way of higher labor cost and mania in share prices, but it is like adding thee turbo chargers to a small engine, one by one. At first, the car is incredible. The 2nd one makes it exotic. The 3rd causes a crash – it’s that simple.
Courtesy: Board of Governors of the Federal Reserve System
QE4 will allow banks to borrow money for next to nothing again and the middle class will suffer, as the currency’s legitimacy, in the eyes of foreigners, will further diminish. It will provide a funnel for corporations to leverage, but without a justified cause. Lastly, it will allow the rich to keep making an arbitrage between cheap credit from the banks and real yields, generated from REITs or stocks.
China can’t rely on the Americans for trade or commerce, so they’re now stimulating their own economy at a record pace. The latest reports indicate that the People’s Bank of China (PBOC) has issued new yuan loans of 1.69 trillion, far above the expectation of 1.25 trillion.
They’re also printing like crazy, when it comes to their social programs:
Courtesy: ZeroHedge
This is horrible for fiat currencies, but bullish for Bitcoin as it becomes the go-to anti-inflationary currency for populations that are sick and tired of watching their money steadily lose its purchasing power.
Bitcoin and cryptocurrencies, in general, are absolutely critical for people living in countries that are exposed to government instability and to banking holidays.
It is also crucial for individuals and corporations that want to start cutting costs of wire transfers, especially for people, who send money to their home country.
In the near future, it will become convenient to use as well, which will make it essential for everybody.
Best Regards,
Brad Robbins
President, PureBlockchainWealth.com
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