As the 2024 election approaches, the economy and its associated challenges continue to play a crucial role in shaping public opinion and influencing political decisions. This essay examines ten pressing issues that could significantly impact the economy and, in turn, shape the 2024 election landscape. From global health crises and cybersecurity threats to geopolitical tensions and supply chain disruptions, these challenges demand thoughtful consideration and effective policy responses.

     1.) COVID or Related Variants

The lingering effects of the COVID-19 pandemic and its variants have shown how vulnerable the global economy can be to health crises. The emergence of new variants poses threats to public health, labor force productivity, and consumer confidence.

The government's response in managing and controlling future outbreaks will undoubtedly be a focal point in the 2024 election. The long term disabling effects of “Long COVID” are also a lingering economic issue that could cost companies and the governments billions if not trillions.

2.) Legal and Criminal Probes Into Biden, Trump, Comey, Fauci & Schiff

At this juncture, experts are suggesting that criminal charges could be brought against several members of the Biden family, including the President. There are several whistleblowers implicating the Bidens in kickback schemes or bribery.

Similarly, President Trump is also facing charges for lesser allegations, but still Democrats must come up with some viable evidence as the last few attempts were proven to be fake evidence.

Further, Dr. Fauci and former FBI Director Comey have also been referred to the DOJ for criminal investigation or prosecution.   Further, Adam Schiff and others may also be prosecuted for fraud based on Durham Report and attempting to overthrow  Trump’s government.

3.) Expanded Ukraine Conflict Due to Diplomacy or Arms Deals

Geopolitical tensions and conflicts, such as the situation in Ukraine, can have far-reaching consequences for global markets and economic stability. Poor diplomacy or irresponsible arms deals could escalate conflicts, leading to potential energy supply disruptions and economic repercussions. The candidates' foreign policies and diplomatic approaches will be closely scrutinized in light of these potential risks.

4.)  News Tampering by the Government or AI Systems

The manipulation of news and information dissemination can distort public perceptions and impact economic decision-making. Government interference or the misuse of AI systems to control media narratives could lead to uncertainty and decreased confidence in the economy. The 2024 election will inevitably focus on press freedom and measures to safeguard against misinformation and propaganda.

5.)  Hacked Election Machines

The integrity of the election process is vital for a thriving democracy and a stable economy. Concerns about election security, especially regarding the potential for hacked election machines, can erode public trust and lead to increased political polarization. Candidates must address these concerns and advocate for election reforms to ensure free and fair voting procedures.

6.)  Mass Bankruptcies Due to High-Interest Rates

An increase in interest rates could result in a surge of bankruptcies among businesses and individuals with high levels of debt. The economic implications of such mass bankruptcies could include job losses, reduced consumer spending, and financial instability.

The candidates' economic plans must consider the balance between controlling inflation and supporting economic growth. Mass Student Loan Delinquency Due to Inflation As inflation rises, the burden of student loan debt becomes even more challenging for graduates to bear.

Large liberal arts universities charge well over $60,000 dollars per year for a undergraduate diploma that could be achieved at 1/5^th the cost online or at state universities.  A surge in student loan delinquency could hinder economic growth and exacerbate wealth inequality. The candidates will need to address student loan reform and propose viable solutions to ease the burden on borrowers.

7.)  Terrorism, EMP, and Other Attacks

The threat of terrorism, including the possibility of electromagnetic pulse (EMP) attacks, remains a significant concern for national security and the economy. Acts of terrorism can disrupt transportation, communication, and commerce, leading to substantial economic consequences. The 2024 election will involve debates on security measures and counterterrorism strategies.

8.)  Unchecked Immigration

Immigration policies can significantly impact labor markets, wages, and economic growth while hitting minority women and citizens the hardest. While controlled immigration can bring positive contributions to the economy, unchecked immigration may lead to increased competition for jobs and strain public resources. Candidates will need to articulate their stance on immigration reform and its potential effects on the economy.

9.)  Dollar Devaluation Worldwide and Dollar Losing Status as Reserve Currency

The value of the U.S. dollar and its status as the world's reserve currency are essential factors in global trade and economic stability. Dollar devaluation or losing its reserve currency status could have significant repercussions on international trade, investments, and inflation. The candidates' economic policies must address these potential risks and outline strategies to preserve the dollar's strength.

10.)  Chip Supply, Water Supply, Food Supply, or Other Supply Chain Issues

Global supply chain disruptions, be it from semiconductor chip shortages, water scarcity, or food supply issues, can have cascading effects on various industries and consumer prices. The 2024 election will likely feature discussions on strategies to strengthen domestic supply chains and address vulnerabilities in critical sectors.

11.)  AI Drones and Robots

AI and Autonomous Drones and Robots have changed the military landscape so fast that they could be used in urban warfare or terrorism to attack both military enemies or political enemies in Kamikaze style attacks.

12.)  Electrical Grid Issues

An aging and vulnerable electrical grid system in the United States poses a significant risk to the economy. System failures or cyberattacks on the grid can disrupt essential services, impact businesses, and lead to massive economic losses.

The candidates must outline strategies to modernize and secure the electrical grid to ensure resilience and economic stability. Internet Attacks With our increasing reliance on technology and interconnectedness, the risk of cyberattacks on critical infrastructure, financial systems, and businesses has intensified.

Such attacks could lead to widespread economic disruptions, causing job losses and financial insecurity for many Americans. Candidates will need to address cybersecurity concerns and propose robust solutions during the campaign.

Conclusion

The 2024 election will be shaped by a myriad of economic challenges that demand thoughtful and comprehensive solutions. From managing health crises to ensuring cybersecurity, addressing geopolitical tensions, and fortifying critical infrastructure, the candidates must demonstrate their understanding of these issues and present viable policy proposals.

Ultimately, the successful candidate will be the one who can inspire confidence, foster economic resilience, and steer the nation through the turbulent waters of a rapidly changing global landscape.
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Commissioner George Mentz JD MBA CILS CWM® is an international lawyer, speaker, educator, tax-economist, and CEO of the GAFM Global Academy of Finance & Management ®. The GAFM is a ESQ accredited graduate body that trains and certifies professionals in 150+ nations under CHEA ACBSP and ISO 21001 standards. Mentz is also an award winning author and graduate law professor of wealth management for a top U.S. law school.