Biden’s economy is in dire straits and estimates are for the worse.
We have reported this morning about the possible inflationary bombings due to this administration’s policy. To offset inflation, the only answer that has worked historically is to increase the rate above the rate of inflation. This means a rate increase of at least 10% because the current rate is close to zero and inflation is at 10%.
Corrupt politicians are being blamed for massive inflation – rising oil prices are leading to an emerging “inflation bomb”
In addition, experts say, the price of fertilizer is always higher. This will definitely affect food prices and inflation.
– Gianluca (@ Theimmigrant84) March 23, 2022
The dollar is facing downward pressure as countries like Saudi Arabia begin talks with China about using the yuan as their currency for trade. This will further strengthen inflation and hurt the dollar greatly. Zerohedge Report:
China’s importance to Saudi Arabia as an export market has grown in parallel with the Kingdom’s dependence on Chinese imports and investments; But, as Goldman notes, The increasing frequency of the use of financial sanctions as a tool of US foreign policy is logically creating an incentive for third countries to diversify from the perceived over-reliance on dollar-dependent trade..
Relations between Saudi Arabia and the United States have been on a downward spiral since the turn of the century. A long series of policy differences (from the invasion of Iraq to the possible impending revival of the JCPOA with Iran) and the decline of US foreign policy interests in the region are leading Riyadh to seek political and security alliances with other world powers, including China.
All of this is leading to a trading house collapse alert. Just a year after Biden’s policy, the United States is in a state of turmoil.
A senior executive at one of the world’s largest trading houses warns of collapse
Hold on tight.
– Gold Telegraph (@goldtelegraph_) March 23, 2022
Post Biden Economy: Potential Dollar and Trading Houses at Risk