Biden Team Policies: Why We Should All Be Worried

by | Mar 16, 2024 | 0 comments

Key Players on the Biden Team

On November 17, 2022, I posted an expose’ on the 4M Performance website entitled “Wynken, Blinken, & Nod” that highlighted the three individuals in the Biden Administration that would most impact America’s future. Since that time, to my dismay, the U.S. geopolitical and economic situation has become much worse than I could have imagined. More importantly, there are several issues which are not being discussed by the Biden team that will be huge gamechangers for America.

Issue #1 The Stock Market

Currently, interest rate decreases have been put on hold by the Federal Reserve. Stocks, gold, bitcoin are all on a rip. However, inflation appears to be increasing and oil has been at the $80/barrel price for some time. The stock market rally, to me, is problematic. Stock trading volumes are at noticeable low levels and upward market moves are all based upon a few mega cap stocks whose prices are being pushed by Artificial Intelligence hysteria. For gold and bitcoin, they each have their own story and look to be the winners as the year unfolds. The Biden team is pushing hard for lower interest rates which would be a vote getting booster – so far, the Federal Reserve under Jay Powell has resisted. But it would not be surprising to see an ’emergency rate cut’ come June – as Powell buckles under.

Issue #2 BRICS

The BRICS alliance appears to be moving forward with the firm determination of settling cross-border transactions in local currencies or issue a new currency based upon a basket of BRICS fiat currencies and gold. The BRICS alliance is already placing cracks in the U.S. dollar’s reserve currency position. Saudi Arabia, China, India, and Russia are already exchanging local currencies for oil and military equipment. If BRICS expands to include 35-40 countries it would place extreme pressure on the US dollar – and yet, the Biden team has done nothing to stymie BRICS.

The BRICS goal is to de-dollarize the world. Central banks have been accumulating gold as a diversification strategy and selling U.S. Treasuries. The misuse of monetary sanctions by the Biden team, particularly the defaulting on Russian held U.S. Treasuries in response to the Ukraine conflict, precipitated the Central Banks’ rush to hold gold.

Last week, BRICS announced the creation of a new blockchain backed payment settlement system. This will allow member countries to settle cross-border transactions quickly and without risk. It will put pressure on the dollar and is the first step in moving the alliance to a dollar free world. No timeline for the launch of this system was announced but it appears it will be one of the highlights of the BRICS summit meeting this October. Yet, we hear nothing of this and there is no reaction from the Biden team.

Biden Cabinet: Which Hasn’t Met Since October 2023

Issue #3 – Issuance of a U.S. Central Bank Digital Currency (CBDC)

On March 27, 2023, Joe Biden signed Executive Order #160-47 which authorizes the issuance of a U.S. Central Bank Digital Currency. A CBDC, essentially curtails how money is used and for what, and would promote government control and surveillance of all U.S. Citizens. The reason the government wants CBDC is because we are at the end of the usefulness of the dollar, so having a new system puts the Federal government back in control of the monetary system.

The Fed wants to be at the top of the new world economic order and will do anything to achieve that goal. The Fed will not let the world de-throne the dollar without a fight and that includes military conflict – as the reserve dollar is the ultimate weapon of the United States.

So, What Drives the Biden Team Policies?

Joe Biden and his family are in survival mode. The 2024 election is do or die. He must win, at all costs, to halt the investigation of him and the Biden clans’ imminent prosecution, given the tidal wave of evidence, for influence peddling, dereliction of duty, and possible treason while he was Vice President.  Any new Administration is duty bound to see the Bidens’ tried. So, Biden cares little about Gaza, Ukraine, the southern border, the national debt, Haiti, etc. etc., – his sole motivation is reelection and with it the burying of any charges by the Justic Department.

It appears that many Americans are in a state of collective denial. I mention just three issues in this post that are not being addressed by the Biden team, but there are others. A President should meet with his cabinet members regularly. One of the main responsibilities of a President is to corral in the Cabinet Department Heads to ensure they are managing their department within the guidelines set out by the President. Joe Biden doesn’t do that and as a result the Departments run amok and in every direction.

By: Jim Lavorato, 4M Performance

Categories: Money

By Jim Lavorato

Jim Lavorato is the founder of 4M Performance which is designed to assist businesses to survive and thrive in these uncertain times. Jim launched an entertainment-related company in 1988. He was at the forefront in cinema technology and helped spearhead the movie industry's transition to digital presentation and distribution. He also co-founded the Arboreal Group, an environmental consultancy. He has published articles on the motion picture and media industries and is a contributing editor for ScreenTrade magazine and writes a blog "Cinema Mucho Gusto". He is a certified SCORE Mentor in the SCORE Greater Phoenix Chapter and lives in Scottsdale, AZ. Learn more about Jim in his "About" page.

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