This article was contributed by Portfolio Wealth Global.
In this type of environment, we’re holding our tongues and being mindful of the words we use, since the stakes are as high as we’ve ever seen them.
Political historians and even hedge fund titans, such as Ray Dalio, have warned that the past rhymes and that America is headed towards a revolution.
Today, we want to explore a number of possible scenarios in the new American landscape:
- A 3rd Party: It’s clear by now that not all Republicans are hardcore Trump fans. Not all 74M Trump voters are going to remain loyal to him specifically, but many will.
If the House and the Senate, led by Democrats, vote to strip Donald Trump’s rights to run again in 2024, we believe that he would launch a media giant where he can broadcast his policies. It would be Donald Jr., who ends up running in 2024.
- Disengaged Americans: Many of Trump’s supporters are veterans and people that love the idea of a constitutional America, limited government, fiscal responsibility, and remaining strong in the face of China’s rise to global supremacy.
We estimate that tens of millions of Americans are more loyal to Trump’s views than to the general views of the Republican Party.
The problem with that, of course, is that creating a third party would cause this new party to split its voters with the Republicans, which, by definition, would make Democrats the biggest party by miles.
In other words, it’s a tricky situation and would require extensive effort to bring into existence a party that competes with Democrats, even though Portfolio Wealth Global doesn’t believe that Biden will run again in 2024. This means that the Democrats also need to think about who their next candidate will be.
What we mean by disengaged Americans is that we will see a country within a country. If a group of tens of millions of people refuse to trust the election results and refuse to acknowledge Biden as their president, it is an issue that we cannot over-emphasize. Democracies function only when the people give it power and respect the legitimacy of the current regime.
Most Trump supporters don’t.
- Zero confidence in the Media: Mainstream media is dead to Trump supporters.
This is the reason we are pretty convinced that Trump will form his own media corporation and that it might be Donald Jr., who is groomed for office.
There’s fake news and then there’s propaganda; we live in the age of both.
New media outlets will be built from the ashes of the legacy channels, in our view.
- Biden Years: In times past, when America was this divided, U.S.-led think tanks looked overseas and found an enemy to portray as a threat and wage war against it.
It diverts attention away from domestic issues.
It’s also possible that Biden will not resort to war, since he’s too weak to get the support needed, and will instead dish out free money to everyone in order to gain favor.
For example, Biden might wipe clean all student loan debts.
It’s unclear how America will wake up on the 21st of January, but we can assure you that 2020 altered this country forever.
“… A 3rd Party”
It is important to know that the founders of this nation, including George Washington, did NOT want political parties as they ALWAYS cause divide in nations, cause the people to follow a corporation/foreign nation/etc’s ideas instead of what they themselves need and put that forward. They knew that political parties (factions) would allow foreign influence into our government.
Alexander Hamilton: “We are attempting, by this Constitution, to abolish factions, and to unite all parties for the general welfare.” (Debates in the Convention of the State of New York on the Adoption of the Federal Constitution, Tuesday, June 25, 1788. In: Henry Cabot Lodge, ed., The Works of Alexander Hamilton (Federal Edition), Vol. 2, New York, 1904, p. 57)
George Washington: “However [political parties] may now and then answer popular ends, they are likely in the course of time and things, to become potent engines, by which cunning, ambitious, and unprincipled men will be enabled to subvert the power of the people and to usurp for themselves the reins of government, destroying afterwards the very engines which have lifted them to unjust dominion.”
John Adams: “There is nothing which I dread so much as a division of the republic into two great parties, each arranged under its leader, and concerting measures in opposition to each other. This, in my humble apprehension, is to be dreaded as the greatest political evil under our Constitution.”