Why Trump is a solid economic option for president this year

-
I hope I did not steer anyone away with the controversial title but TRUST ME, this is a very interesting take on the presidential race. I won't be getting into the social policies of each candidate, because those are easily searchable on the web. I'll be delving into the economic implications of this next election and what exactly it means for the USA as an economic power. 

Trump is known to be very strict when it comes to fiscal policy on other countries. He has placed various sanctions on China, North Korea, and many more. He wants the United States to be the best when it comes to economics. He wants the dollar to be the strongest currency. This is good as it can ensure our economic dominance for years to come. As of now, the dollar is used in 62% of all economic deals in the world. One country owning the majority? Now that's dominance. 

China wants to replace the dollar as the world's most dominant currency with the Chinese yuan. They want international contracts to be negotiated in yuan rather than dollars. Every oil transaction is done through dollars. Trump plans to keep it that way. He prioritizes American dominance in the economy over social change and camaraderie. 

Why would we want to be comrades with China after they massive human rights issues? The genocide of the Uighur Muslims and against democratic citizens have pushed Trump to want to control China and keep them at bay. Who knows what other issues will spread if China controls deals?

Also, the United States is way too economically dependent on China and Trump plans on slowly backing away from that. Past presidents have made us too dependent on them for everything. From manufacturing to even technology, we are dependent on China. To back away from this, Trump will not only prevent any yuan transactions but also start pulling away from China and start manufacturing more in the USA, thus bringing in more jobs. 

Comments

Post a Comment

Popular posts from this blog

Nonprofit Healthcare takes hit, Positive outlook expected for pharma due to COVID-19

-
The financial outlook for the nonprofit public healthcare sector in the U.S. has changed from stable to negative, primarily because of the effects of the COVID-19 coronavirus outbreak. Currently, there is no Medicare inpatient diagnosis-related group for COVID-19, and many admitted patients will require resource-intensive ICU treatment. That said, the federal government has set aside relief funding for the coronavirus crisis, although it is unclear how much hospitals will receive. These non-profit institutions will certainly take a hit as they may have to do many layoffs as well as invest in many more supplies such as masks and respirators. Short-term debt risks will increase due to market disruptions, and revenue and expense constraints will continue to weigh on margins during the outbreak and following the pandemic. As for pharma, both hospitals and federal governments are investing many billions of dollars into research for a vaccine as well as medicine to keep the virus at bay for ...
Read more

This Plant-based Meat Company Is Taking the Market by Storm

-
Beyond Meat, a recent development by Ethan Brown is taking the market by storm amidst the scares of COVID-19. It has risen 465% since its IPO in 2019. Beyond Meat is an alternative to real meat, but ut tastes the exact same! There have been proven health benefits for eating a plant based burger over a meat one. It also offers the same amount of protein, appealing to vegans and animal rights activists all over the world.  According to Todd Gordon, managing director at Ascent Wealth Partners, said there could be even more runway ahead. “There’s been reports of a 10% reduction in beef processing nationwide and a 20% reduction in pork processing” in light of the coronavirus-driven economic slowdown, Gordon said.  Due to the large redcution in pork and beef production, Beyond Meat is expected to be more prevalent in stores. Gordon expects to see a very strong move upward in light of the situation. Initally, they fell due to the COVID-19 virus, but then found their wa...
Read more