Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Inflation Consequences for the Stock Market, FED Balance Sheet - 24th Oct 21
To Be or Not to Be: How the Evergrande Crisis Can Affect Gold Price - 24th Oct 21
During a Market Mania, "no prudent professional is perceived to add value" - 24th Oct 21
Stock Market S&P500 Rallies Above $4400 – May Attempt To Advance To $4750~$4800 - 24th Oct 21
Inflation and the Crazy Crypto Markets - 23rd Oct 21
Easy PC Upgrades with Motherboard Combos - Overclockers UK Unboxing - MB, Memory and Ryzen 5600x CPU - 23rd Oct 21
Gold Mining Stocks Q3 2021 - 23rd Oct 21
Gold calmly continues cobbling its Handle, Miners lay in wait - 23rd Oct 21
US Economy Has Been in an Economic Depression Since 2008 - 22nd Oct 21
Extreme Ratios Point to Gold and Silver Price Readjustments - 22nd Oct 21
Bitcoin $100K or Ethereum $10K—which happens first? - 22nd Oct 21
This Isn’t Sci-Fi: How AI Is About To Disrupt This $11 Trillion Industry - 22nd Oct 21
Ravencoin RVN About to EXPLODE to NEW HIGHS! Last Chance to Buy Before it goes to the MOON! - 21st Oct 21
Stock Market Animal Spirits Returning - 21st Oct 21
Inflation Advances, and So Does Gold — Except That It Doesn’t - 21st Oct 21
Why A.I. Is About To Trigger The Next Great Medical Breakthrough - 21st Oct 21
Gold Price Slowly Going Nowhere - 20th Oct 21
Shocking Numbers Show Government Crowding Out Real Economy - 20th Oct 21
Crude Oil Is in the Fast Lane, But Where Is It Going? - 20th Oct 21
3 Tech Stocks That Could Change The World - 20th Oct 21
Best AI Tech Stocks ETF and Investment Trusts - 19th Oct 21
Gold Mining Stocks: Will Investors Dump the Laggards? - 19th Oct 21
The Most Exciting Medical Breakthrough Of The Decade? - 19th Oct 21
Prices Rising as New Dangers Point to Hard Assets - 19th Oct 21
It’s not just Copper; GYX indicated cyclical the whole time - 19th Oct 21
Chinese Tech Stocks CCP Paranoia, VIES - Variable Interest Entities - 19th Oct 21
Inflation Peaked Again, Right? - 19th Oct 21
Gold Stocks Bouncing Hard - 19th Oct 21
Stock Market New Intermediate Bottom Forming? - 19th Oct 21
Beware, Gold Bulls — That’s the Beginning of the End - 18th Oct 21
Gold Price Flag Suggests A Big Rally May Start Soon - 18th Oct 21
Inflation Or Deflation – End Result Is Still Depression - 18th Oct 21
A.I. Breakthrough Could Disrupt the $11 Trillion Medical Sector - 18th Oct 21
US Economy and Stock Market Addicted to Deficit Spending - 17th Oct 21
The Gold Price And Inflation - 17th Oct 21
Went Long the Crude Oil? Beware of the Headwinds Ahead… - 17th Oct 21
Watch These Next-gen Cloud Computing Stocks - 17th Oct 21
Overclockers UK Custom Built PC 1 YEAR Use Review Verdict - Does it Still Work? - 16th Oct 21
Altonville Mine Tours Maze at Alton Towers Scarefest 2021 - 16th Oct 21
How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
The Only way to Crush Inflation (not stocks) - 14th Oct 21
Why "Losses Are the Norm" in the Stock Market - 14th Oct 21
Sub Species Castle Maze at Alton Towers Scarefest 2021 - 14th Oct 21
Which Wallet is Best for Storing NFTs? - 14th Oct 21
Ailing UK Pound Has Global Effects - 14th Oct 21
How to Get 6 Years Life Out of Your Overclocked PC System, Optimum GPU, CPU and MB Performance - 13th Oct 21
The Demand Shock of 2022 - 12th Oct 21
4 Reasons Why NFTs Could Be The Future - 12th Oct 21
Crimex Silver: Murder Most Foul - 12th Oct 21
Bitcoin Rockets In Preparation For Liftoff To $100,000 - 12th Oct 21
INTEL Tech Stock to the MOON! INTC 2000 vs 2021 Market Bubble WARNING - 11th Oct 21
AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
Stock Market Wall of Worry Meets NFPs - 11th Oct 21
Stock Market Intermediate Correction Continues - 11th Oct 21
China / US Stock Markets Divergence - 10th Oct 21
Can US Save Taiwan From China? Taiwan Strait Naval Battle - PLA vs 7th Fleet War Game Simulation - 10th Oct 21
Gold Price Outlook: The Inflation Chasm Between Europe and the US - 10th Oct 21
US Real Estate ETFs React To Rising Housing Market Mortgage Interest Rates - 10th Oct 21
US China War over Taiwan Simulation 2021, Invasion Forecast - Who Will Win? - 9th Oct 21
When Will the Fed Taper? - 9th Oct 21
Dancing with Ghouls and Ghosts at Alton Towers Scarefest 2021 - 9th Oct 21
Stock Market FOMO Going into Crash Season - 8th Oct 21
Scan Computers - Custom Build PC 6 Months Later, Reliability, Issues, Quality of Tech Support Review - 8th Oct 21
Gold and Silver: Your Financial Main Battle Tanks - 8th Oct 21
How to handle the “Twin Crises” Evergrande and Debt Ceiling Threatening Stocks - 8th Oct 21
Why a Peak in US Home Prices May Be Approaching - 8th Oct 21
Alton Towers Scarefest is BACK! Post Pandemic Frights Begin, What it's Like to Enter Scarefest 2021 - 8th Oct 21
AJ Bell vs II Interactive Investor - Which Platform is Best for Buying US FAANG Stocks UK Investing - 7th Oct 21
Gold: Evergrande Investors' Savior - 7th Oct 21
Here's What Really Sets Interest Rates (Not Central Banks) - 7th Oct 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Neither Election Candidate Has the Character to Govern the US

ElectionOracle / US Presidential Election 2016 Nov 08, 2016 - 08:57 PM GMT

By: John_Mauldin


BY GEORGE FRIEDMAN : This year’s campaign has got to be one of the strangest of all time. We have two major candidates running for president. One says strange things. One does strange things.

Donald Trump has been accused of collaborating with the Russian president and his intelligence service. He is on tape claiming that he can have sex with anyone he wants.

He lost almost a billion dollars one year and says he has paid no taxes since that loss. That’s not illegal. But it does indicate he didn’t make as much money as he claims, since a billion-dollar loss (which knocks out 15 years of taxes) doesn’t get you to $10 billion.

And I leave out the various other things he has said and meant.

Hillary Clinton, for reasons never explained, used a private server for classified messages. She and her husband also ran a foundation while she was Secretary of State. It appears that charitable fundraising, meetings at the State Department, and making substantial amounts of money for themselves intermingled.

And finally, the FBI has found thousands of emails concerning Clinton on the computer of a man who sends pictures of his private parts to women and whose wife is Hillary Clinton’s top aide.

And I leave out the things she has said and has not meant.

The email saga continues

If I use reason to untangle the latest event—FBI Director James Comey’s letter to Congress—I come up with the following: He is fully aware of the consequences of what he did, and that it could change history.

Since he is not an idiot—FBI directors can be strange but not stupid—he did this deliberately. That would indicate that he has found something that will shortly be revealed and might disqualify Clinton as president.

He did it now, because if she were elected and then this came out, we would face an impeachment, paralyzing the government in a time of war. So he fired his first shot with just days to go before the election. You can expect more to come soon.

But reason may not work here. Another explanation might be just as he said. He has no reason to think that the emails are even from Clinton, but he felt that it would be nice to keep Congress in the loop. So he told them he was reopening the case to keep everybody on the same page.

He either didn’t notice it was only 11 days before the election or thought this announcement would not affect it.

The degree of strangeness is amazing. This is not the worst election in history—that has to go to the election of 1860, which started the Civil War.

They are two sides of the same coin

The oddest thing is the similarity between the two candidates. The difference is that Trump is profoundly inarticulate. Clinton is articulate in the way that people who use the term “messaging” are articulate.

But beneath the surface they strike me as the same. Neither believes in anything beyond what is of use at the moment. Neither is embarrassed by anything.

It was once said that former-UN Secretary-General Kurt Waldheim had no backbone but was kept upright by his thick skin. They say Trump has a thick skin. He has taken a lot of fire without being deterred. As for Clinton, she is no more capable of being ashamed than Trump.

Neither seems to believe that laws and social norms apply to them. And neither knows how to close off an ongoing issue with a simple admission of error, a clear explanation of how that error occurred, and a profound apology.

Trump can barely get the word “sorry” out of his mouth. Clinton will say it more easily but less believably.

Clinton can get out of this current problem by doing two things. First, explain coherently and believably why she set up the server. Then come clean on why she deleted 33,000 emails. She won’t, because she either can’t reveal the truth or can’t utter it.

It’s not the end of the world

I still believe the republic will survive either candidate. It doesn’t matter who wins. The problem is not their policies and flip-flops. I don’t care about those. I have always argued that character is more important than policy.

The president’s policies are unimportant because the most important things he or she will face will be totally unexpected. There will be mere hours in which to make decisions with no policy paper to rely on.

That is why character matters more than policies. At the crucial moments in history, a president can only go deep within himself to find the path and the courage to take it. The president may make a mistake, but if there is no depth, he will always fail.

I have studied each of these candidates. I think neither has the depth to govern. They are each shallow in different ways. But the United States will survive either one.

I respect anyone who deeply believes in either candidate. I have no interest in persuading anyone of my nihilistic view.

Watch George Friedman's Ground-breaking Documentary, Crisis & Chaos: Are We Moving Toward World War III?

Russian adventurism. An ailing EU. Devastation in the Middle East. These are just three symptoms of a systemic instability engulfing a region that’s home to 5 billion of the planet’s 7 billion people.

In this provocative documentary from Mauldin Economics and Geopolitical Futures, George Friedman uncovers the crises convulsing Europe, the Middle East, and Asia… and reveals the geopolitical chess moves that could trigger global conflict. Register to watch the documentary now.

John Mauldin Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in