With Trump coming into office here in about a month and a half and bitcoin blowing up to now nearly $100,000 I thought it might be time to take a deeper look into what a trump presidency could mean for bitcoin.

We touched a bit before on this in pervious articles about how the strategic reserves are from funds the government already has and they simply wont be selling them and instead holding on to them and whatever else is seized. While sure there is a bill in the house to buy 1 million BTC that's the actions of someone else and not trump directly.

So let's dive in and see what we have going on here.

Who's President Doesn't Matter Much

What we have to realize is that whoever the president is at the time he or she is not the single person the makes decisions. For some reason people in the USA get hung up on this. If that was the case it would be a dictatorship or communisms. In any case I personally believe we should become less and less reliant on the government for everything and that it's citizens should pay less and less taxes.

Overall though what president is in office normally has rather small impact of the overall economy but of course some actions and laws passed can have affects but also those of pervious president actions can as well.

The other factor is the the USA is actually run by a few hundred people making the real choices and that the house and congress. But the really cool thing is that states can make up their own laws and regulations as well apart from the federal government.

Trumps First Term

Now no matter with you want to say opinions on all of this I don't care honestly. I believe in looking at facts and if you state the true facts then opinion legit means nothing.

It's true that Trumps first term saw major shift in the national debt. In fact it was one of the highest amounts of debt increases ever by a president. That being said it came from cuts to corporations which meant less tax revenue from those companies and well I'm going to be honest with you I think the elite few saw all of that and it never really trickled down to their workers which is disappointing honestly.

Of course at the end of that term came the pandemic which it doesn't matter what president was in office you were pretty much hands tied screwed at that moment.

What happened from all of this was a drastic rise in the stock market but to be fair massive more wealth to the top 1%.

Trump 2

His second term will be coming up soon enough and so far we are starting to get a picture or an idea as to what that might all look like.

The first on the list are tariffs which do play an important roll if done correctly to regain power to the USA. However can quickly backfire with higher costs of products, lower amounts of products and lack of resources if your own country does not have them.

Mainly the goal with this, is to get companies to build factories and production in the USA instead of overseas as the product produced in country wont have to pay the high tariffs.

These tariffs are lined up to be...
25% - 100% Mexico
60% China
10% -20% from anywhere else in the world.

Rather broad overall but you can see that Mexico is a target because of the amount of crime and illegals coming across this boarder so he wants Mexico to pay for it. China on the other had has been flexing lately and honestly with this flex needs to be stomped down if the USA is to remain on top. These very high Tariffs on China actully make sense as China itself has been very aggressive in slapping Tariffs on others while making in house very good which has cause massive production to be moved to China over the last 30 years. This in itself has made China a super power and caused some rather large issues over the last few years.

Where does the government get their money?

Over half of it comes from Individual Income taxes you know that pesky shit you pay each year which seems to take more and more of your money each year because yeah they do!

The next is social insurance tax with is payroll tax. If you're self employed your going to be footing the bill for this one yourself as well. Next comes corp income taxes and everything after that is a drop in the bucket and not really worth mentioning.

It's predicted by some that these massive changes could increase the CPI by a half percent you know that number the fed keeps trying to get under 2% but not only that it could actully crush the GDP of the country.

The weaponization of the FED.

Yes, even the FED which is a company in itself is primarily made up of Democrats and has gone on recording as to someone in there saying to ramp things up to simply cause a recession on Trumps watch.

Yes, even the FED is not being weaponized against you as a person no matter your political affiliation. The issue is this is happening more and more and clearly shows why we need to be giving government less and less power as it's over reaching and becoming more and more oppressively based on political agendas that care nothing about the citizens of the country.

In fact I would even say the era of countries is coming to a close and honestly the idea of it hasn't been around for very long. It was mainly created by Napoleon Bonaparte with France back in the late 1700's and up to 1804. Yeah... the idea of countries and unity is only that old. Just like the USA was founded in 1776. Before that time it was kings and queens in which a vast majority of the population never saw or heard of their "king" besides someone coming to pick up a few tokens in taxes from them once in a while. I recently started to dive into this and have a lot more research to do but it kind of blew my mind honestly.

Another factor outside of all of this that Trump is pushing for is to get illegal immigrants out of the country. However, he always promised this in 2016 and it never happened. This is most likely because these people are the backbone of cheap labor and work in the USA. Removal of it would sky rocket prices so high from entitled rich USA folk that it would be impossible to buy anything.

Now my own viewpoint on this is I love the fact that people can come to the USA and build their dreams and have freedoms or at least more freedoms then they might of had elsewhere. The issue is many people circumventing the system and gaming it. While not everyone is a bad actor there are enough that it's causing major issues and opening up the USA for more and more abuse in which I firmly believe the USA needs to change and fight back on. I have no issue with properly documented and at least somewhat checked backgrounds to enter the country. But if you have a criminal background sorry but that's one thing that should keep you out.

The main areas in which wages and these jobs would become available to other USA citizens would be in the construction, agricultural and hospitality being the main areas in which these jobs would have to be replaced.

When you think about that you would think things like, homes, traveling and food would increase in price and you wouldn't be wrong because all of these companies are out to make themselves more money not to pass their earnings on to USA workers.

All of this honesty comes down to greed and over hoarding of profits by companies at the end of the day. If you want something to be angry about it should be at companies.

Alright so what does all of this mean for crypto?

The biggest changes here will be there will be no more war and battling crypto like there has been for years now. It will open up markets, new businesses, clear paths for massive adoption to happen for these assets. This in itself could spark massive revenue for the USA if most was done in house.

With all of this said it honestly is making crypto look like a sure bet while everything else like the stock market, fiat cash etc a bit of an iffy topic with how much is unknown and going to change.

Posted Using InLeo Alpha