Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

This America, beacon on the hill, will survive this challenge

Politics / US Politics Jan 27, 2017 - 11:10 AM GMT

By: Walter_Brasch

Politics

This is a globalized world. There is no changing this fact. There is no changing “climate science”. There is no changing the will of the people to be fair, when fairness commands it. There is no changing the slow-moving ascent of multiculturalism, racial integration and sexual equality; and no replacement for secular Democracy. Mr. Trump and the Republicans think it all can be unraveled with the stroke of a pen.

The masters of delusion might have convinced almost half of voters, but the other half will carry the torch into the future. The Women’s March in Washington and countless American cities proved their numbers don’t lie.


America is “hard-wired” to globalism. Banking, trade, markets and supply-chains are globally intertwined. Money flows between continents each millisecond. Multinationals are citizens in each country with allegiance to none. Finance capitalism displaced industrial capitalism decades ago. China and America are economically interdependent. Should China fail, she will take America with her.

Soon, younger generations will identify themselves with global initiatives and stand by them in their respective nations. Half of Americans know this and wish to be members of a progressive, humane world community and not transfixed by fogged rear-view mirrors. And Mr. Trump, as Nation writer John Feffer sees him, “has as a wrecking ball, and ‘internationalism’ is written all over it.”

If America abandons its international role – while admitting her many past missteps, failures and hypocrisies – the vacuum left will be filled by the next Empire. Mr. Trump has indirectly invited it to enter.

At the Davos World Economic Forum in late January, Chinese President Xi had underscored Beijing’s future role in global affairs in light of Trump’s inward turn. Xi likened Trump’s “America First” protectionism to “locking oneself in a dark room” in the hopes of protecting oneself from danger, but in so doing, cutting off all “light and air”.

On January 20, it took exactly six hours after the transfer of power from Mr. Obama to Trump for Europe to react. “Assault on Europe” was the lead headline at Germany’s largest magazine Der Spiegel, followed by Commentary, “Defending Western Values: Time for an International Front Against Trump.”

Deutsche Welle opinion mirrored those of Europe’s foreign ministers, “... all in all, it was clear again this week that after Donald Trump’s inauguration as 45th president of the USA, Europe can no longer rely on Washington.”

Hong Kong’s South China Morning Post noted, “His emphasis on nationalism will warm the hearts of many who feel left out, but leave cold those Americans who are convinced that in a globalized world a simplistic psychology of ‘America First’ will wind up leaving America Second.”

His inauguration speech was prehistoric, continued the Post. “It looked back in anger, as if America was nothing more than one huge downside and the only way to go now was up – and only Trump knew how to access the elevators.”

“Trump’s supporters can blame outside forces for their feelings of economic insecurity,” wrote Dominic Rushe at UK’s Guardian, “but it is people like Trump and his cabinet, set to be the richest in history, who have been the main beneficiary of the economic forces that have reshaped America.”

Toronto Globe and Mail’s Elizabeth Renzetti noted on inauguration day, presidents always took the high road – not Donald Trump. Trump’s speech was “astonishingly dark and menacing, free of any of the poetry or joy that his 44 predecessors had summoned to inspire their citizens,” she wrote.

“Eighty years ago, Franklin Delano Roosevelt used his second inaugural address to ask, ‘Have we found our happy valley?’ No, Mr. Trump answered: We’re on the road to hell, and I’m the one who can save you from it.”

“America is a magnificent project, held aloft by optimism and resilience,” Renzetti gracefully concluded. “For more than two hundred years its presidents have marveled at the delicacy and value of the entity that’s been put in their hands. They admit to trembling at the terrible responsibility. They don’t start by saying the thing is broken, or at least they didn’t until today. If they did, it would suggest that it is not the country that’s broken, but the person doing the speaking.”

At his last press conference, President Obama spoke of his daughters. They “appreciated the fact that this is a big, complicated country, and democracy is messy ... But if you're engaged and you're involved, then there are a lot more good people than bad in this country, and there's a core decency to this country, and that they got to be a part of lifting that up.”

This America, beacon on the hill, will survive this challenge.

If not, America will be a 3,000-mile wide island between two oceans, and the world will pivot together toward the next world leader, for better or worse. 

© 2017 Michael T. Bucci.

(Michael T. Bucci is a retired public relations executive who resides in New England. He has written nine books on practical spirituality and is a contributing opinion writer at a regional New England newspaper.)


© 2005-2022 http://www.MarketOracle.co.uk - 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