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Greenback gets ready for presidential election

August 28, 2020

August 28, 2020

Trojan horse for the dollarDmitri Demidenko

Will America still be America if Joe Biden wins?

Many countries’ problem is that the people who pass bills had better take pills. The USA is no exception. The Republicans and the Democrats’ collision concerning the fiscal stimulus volume is just battle reconnaissance ahead of a full-scale battle that will decide who will get the president’s chair.  Will it be Trump, 74 y/o, or Joe Biden, 77 y/o? If you believe that wisdom comes with aging, don’t doubt in the USA’s bright future. But what if age comes alone?

![LiteForex: Greenback gets ready for presidential election][1]

You have to hustle if you want to survive. Trump started his re-election campaign by stating that his employment support programs saved 51 million jobs. The Reuters experts say the actual number is very far from Trump’s statement. It’s 14 million at best and 1 million at worst. According to the U.S. Treasury Department and Small Business Administration, 51 million is the total number of workers reported approved for a loan. Trump must have got it all wrong again, but the guilt lies with his Administration members who cooked that dish.

- Watson, how did you like that hound of the Baskervilles?

- I haven’t tried it, Holmes.

- But Mrs. Hudson says you have.

- Why do you trust her and not me?

- Because she’s the one who cooks.

![LiteForex: Greenback gets ready for presidential election][2]

Given Trump’s talent for finding the guilty, he will easily find a self- excuse, even more so because the enemy is near. It used to be Jerome Powell, who didn’t want to soften monetary policy, and China, which gave baloney to the US former presidents. Now the enemy is Joe Biden. According to Vice President Mike Pence, Biden’s victory will be the end of America.

  The democrat is just a Trojan horse for the radical left-wingers. It’s not about what will happen to the USA after 4th November and whether it will become more conservative or liberal, more democratic, or republican. It’s about America remaining America. Light is faster than sound. That’s why some people look bright at first glance until they start speaking.

![LiteForex: Greenback gets ready for presidential election][3]

My husband told me I wouldn’t drive until I learned to bury motorcyclists. As the country’s president, Trump failed to complete many things. He didn’t push GDP to 3%, didn’t cut the trade balance deficit, didn’t save thousands of Americans from the pandemic, and didn’t bring China-the-Thief to its knees. At the same time, we need to admit those were hard times and strong adversaries. Trump’s presidency was marked by [S&P 500][4]’s record highs and the USD index’s long rally, which COVID-19 and the 4th November election will most likely finish. What is good for Trump is good for the dollar. We have already got used to it. The president’s falling rating harms [EUR/USD][5] bears. But the war isn’t lost yet, is it?

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Price chart of EURUSD in real time mode

![Trojan horse for the dollar][8]

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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