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Financial Markets Depend on Trump Holding Firm

Financial Markets Depend on Trump Holding Firm
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Sunday, 20 January 2019 10:08 PM Current | Bio | Archive

There are many risks to the investment markets.

None is greater than the risk of errant government policy.

The monstrous growth of government bureaucracies and their never-ending oppressive regulations resulted in the continuing loss of economic freedom.  

Free-market capitalism is under attack by the political-social-intellectual-elitist who deeply believe in the democratic socialist ideology—and hostile to any dissent from the party line. 

This ideology is effectively a secular religion based on the illusionary belief that a hybrid of collectivist economic elements and capitalism imposed and enforced by a strong central government can create a utopian society.

Against this political backdrop, President Trump was elected President.

He was elected by millions of Americans who believed he would constrain the worst excesses of the government. They had nothing but contempt for the existing political establishment who had no regard for their economic and personal welfare.

Electing Trump gave them hope.

What had they to lose? 

The Republicans and Democratic political establishment alike accepted as normal the country’s economic stagnation, wealth redistribution, submission to international governance, and loss of Constitutional freedoms.

The voters were eager for someone who would change the status quo.

What we have seen since the election of President Trump is the disruption of accepting economic stagnation and loss of personal freedoms as the new normal.

One of his first Executive Orders was to start getting rid of regulations.

As a free-market capitalist not part of any political establishment, President Trump is unique among American presidents, and the current political leaders in the world.

Trump is a full-fledged product of the private sector.

Under his leadership, in just two years the United States solidly re-established its credentials globally as the sole superpower economy.

Trump’s policy choices reflect the vast difference in the leadership mentality between someone from the private sector trained by risking their own money to make money, as opposed to politicians spending unlimited amounts of money with no personal financial accountability. 

As William F. Symon, former Secretary of the Treasury, said, “America was born a capitalist nation, was created a capitalist nation by the intent of its founders and the Constitution and developed a culture and a civilization that were capitalist to the core.”

“…I have been watching the tragic spectacle of citizens’ groups, businessmen, politicians, and media people systematically laying waste to our free-enterprise system and our freedom even as they earnestly—often sincerely—proclaimed their devotion to both.”

Although unquantifiable, viable markets require economic freedom.

It is an elusive idea that exists only in the absence of government coercion. 

Unlike government establishing national purposes and goals, the free-market is millions of people making individual decisions for reason of their own.

Will the Socialist Democrats of the Congress, and their like-minded in the judiciary, continue their assault on America’s fundamental liberties and capitalism? 

Perhaps the spineless Republican Party will assert itself to doing something more than giving lip service to the ideals of personal and economic independence?

As they say, tigers don’t change their stripes.

The continuing viability of the financial markets is dependent on President Trump holding firm on his policies.

Denis Kleinfeld is known as a strategic tax and wealth protection lawyer, widely published author and creative teacher.

© 2019 Newsmax Finance. All rights reserved.

   
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Financial Markets Depend on Trump Holding Firm
financial, markets, trump, firm
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2019-08-20
Sunday, 20 January 2019 10:08 PM
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