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Wall Street didn't like Trump's cabinet picks?

November 15, 2024

The S&P 500 lost 1.32% today. The post-election rally came to an end. Federal Reserve chairman indicated that the Fed will not be in a hurry to reduce interest rates. Inflation has proven somewhat more stubborn than anticipated. The upcoming Trump administration may have an inflationary effect on the economy. The combination of tariffs on foreign imports, the deportation of illegal immigrants (cheap foreign labor), and making America great again may result in higher prices across the board for everyone. Finally, if Trump succeeds in seizing authoritarian power to possibly end our democracy, replacing meritocracy with "loyaltycracy", the economic landscape will become dubious at best. 

American Democracy: To Trump or Not to Trump

The biggest question on the political horizon is whether the current American democracy will survive the Second Coming of Trump (SCOT). We see 50/50 chances. The future has not been created yet. No one knows for sure. What is known is that Trump promised to change everything, Trump has authoritarian plans, and the majority of American voters freely elected and democratically elected  Trump. 

Trump promised that there would not be any more presidential elections if he was elected President. The majority of Americans elected him. Does that mean that the majority of Americans are tired of our current democracy and want Trump to end it? Maybe. That's how we see it. As it is now, the majority of Americans would rather have Trump as a Putin-like dictator than cede power to woke liberals and nonwhite influences. 

Democracy isn't perfect and is not guaranteed. It has proven better than the alternatives so far, and that's it. If the majority of people in a democracy want to end it, and replace it with an authoritarian regime, that is part of democracy. Isn't it? 

Will the U.S. economy and the U.S. markets survive the end of democracy?

Yes, of course. It would be a different economy, but it will be an economy (exchange of products and services). Humans will always need an economy (the exchange of products and services) to survive and thrive. Even in dictatorships and under authoritarian regimes, there are economies and markets. China, for example, is not a democracy and has the second largest economy in the world with relatively strong companies and markets. Russia is not a democracy, and has a functional economy and markets. 

If Trump and his soon-to-be oligarchs triumph in ending our democracy and seizing authoritarian power, our economy and markets will become similar to those in China and Russia. The best advice that we can think of is to accept the reality that we may have forever lost our democracy. 

Unless you want to be a political martyr, a prisoner, a casualty or war, or similar, your best bet is to focus on investing on yourself and improving your marketable skills. Regardless of the political landscape in any given country, there is always a need for products and services. Realize that the future is mostly out of your control. Perhaps you want to move to another country while you can. Perhaps you want to stay here and become a valuable service provider.

Embrace Public Service

See yourself as a public servant. We don't mean a government employee. We mean someone who's here on Earth to serve others. If you are a good servant, you will always be in high demand in any country in the world. People have practically infinite (PI) needs and wants. Service providers are those humans who help others obtain the products and services that they need and want. 

Be ethical and law-abiding. Be productive. Stay out of trouble. Offer your products and services for sale. Ask your clients how you may help them. Listen to their feedback. Pay attention to the needs and wants of others. Become a service provider. That's the key to a happy existence on Earth regardless of its practically infinite (PI) flaws and shortfalls. 

Now you know it. 

Live well. Die better. Enjoy.

Creatix is a thought-provoking matrix. If our content promotes thinking, it's working. On the web at www.creatix.one 

 

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