Biden Post 100 Days | Phil Town | Summary and Q&A

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June 18, 2021
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Rule #1 Investing
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Biden Post 100 Days | Phil Town

TL;DR

President Biden's first 100 days in office have seen a continuation of some Trump policies, such as monetary policy and energy production, while reversing others like climate change and border control.

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Key Insights

  • 🥳 Biden's first 100 days have seen a mix of policy continuations and reversals from the Trump administration, particularly in areas like monetary policy, energy production, and international relations.
  • 💨 The reversal of energy policies has shifted priorities towards climate change and away from energy independence.
  • 🤩 The government's exclusion of key expenses from inflation calculations may lead to potential hyperinflation and economic instability.

Transcript

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Questions & Answers

Q: How has President Biden's first 100 days impacted energy production in the United States?

Biden's administration has reversed Trump's policies on energy, shutting down projects like the Keystone pipeline and imposing restrictions on drilling. They are now exploring wind energy options to achieve energy independence.

Q: What are the key areas where Biden has reversed Trump's policies?

Biden has reversed policies on climate change, the Paris Accords, border control, and the Afghanistan war. He has also taken a different stance on China, monetary policy, and fiscal policy.

Q: What impact will Biden's policies have on inflation?

The government is underestimating the actual inflation rates by excluding energy, housing, food, and education costs from their calculations. This may lead to social security and retirement plans being underfunded, potentially leading to hyperinflation.

Q: How might the stock market be affected by Biden's policies in the long run?

The stock market is currently priced as if interest rates will stay low indefinitely, but if hyperinflation occurs, the Federal Reserve may need to raise rates aggressively, leading to a crash in the stock market.

Summary & Key Takeaways

  • President Biden's first 100 days have shown a continuation of Trump's monetary policy, with the Federal Reserve printing trillions of dollars and pushing for more.

  • Biden has reversed Trump's energy policies, prioritizing climate change over energy independence and shutting down projects like the Keystone pipeline.

  • The Biden administration has also reversed policies on the Paris Accords, border control, and the Afghanistan war.

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