Trump’s Second Term: What It Means for America and Investors
International Man: What are your overall thoughts on Trump’s second term?
How do you expect it to differ from his first term?
Doug Casey: Thank heavens Kamala lost. If she’d won, the Jacobins would have cemented their hold on the country, and it would have been “game over.” We would have seen an acceleration of cultural decline, vastly higher taxes and regulations, and a serious push to shut down free speech.
It feels like morning in America again. But unfortunately, morning only lasts six hours. You’ve got to remember that roughly half the country voted for Kamala, despite her total lack of any qualifications and her extreme commitment to socialist/statist values. Half the country believes in these things; they’re unhappy and not going away.
In other words, it ain’t over till it’s over. And it ain’t over yet.
Regarding Trump’s next four years, I hope that he shows better judgment than he did in his first term when he surrounded himself with all kinds of spineless toadies, deep-staters, and political hacks. But I’m optimistic. For instance, he’s announced that Mike Pompeo and Nikki Haley—horrible people—are out.
Better yet, he’s putting RFK Jr. in a position of power over the FDA. He’s tasked Elon Musk with trying to cut Federal spending by $2 trillion. They’re talking about putting Ron Paul in a position to weigh in on monetary policy. And they’ve apparently offered Joel Salatin a position in the Department of Agriculture.
While Trump doesn’t have a philosophical core, flies by the seat of his pants, is not terribly knowledgeable, and demonstrated horrible judgment about people the last time around, this time, he’s doing a much better job picking the people who are going to actually make things happen.
What scares me most? There have been two assassination attempts, and there might be a third or a fourth before he’s inaugurated. He has become a totem for cultural conservatism. And the Jacobins who control the US government, academia, the entertainment industry, the corporate world, and all of the power centers of America don’t want to see him in office. They’re presently in disarray, but they’re capable of any knavery.
International Man: How do you see Trump’s policies in a second term impacting the federal debt, inflation, and the broader US economy?
Is there any realistic path to reversing the current trajectory?
Doug Casey: First, let me reemphasize how important it is that Kamala and the Democrats lost.
The Democrats would’ve gone hog wild toward the socialization of America. I’m extremely grateful for their defeat. And very happy Trump seems angry enough to meet out some justice.
On the downside, though, Trump has always called himself a “low-interest rate guy” and the “king of debt.” Remember that he was a big spender during his first term and ran up huge deficits. They were relatively
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
