February 8, 2019
There is no way around it: President Trump’s State of the Union address, held February 5 th, was a massive success for both him and the Republican party.
These numbers shocked many pundits across the board, as no one was expecting such results.
A staggering 97% of Republicans (many of which are "never-Trumpers") and 82% of independents approved of what President Trump had to say.
This comes as a massive blow to the Democratic Party, which suffered bad optics during the speech. The 2020 campaign ads wrote themselves.
At one point, President Trump had large swathes of the Democratic Party on their feet cheering and chanting “USA, USA, USA” alongside the Republicans.
At this point, he knew he had them. "You weren't supposed to do that," he said, grinning smugly the entire time.
Not surprising, Trump’s approval rating jumped and now stands at 49%, a strong number. It is exactly the same as President Obama’s during the same day of his Presidency, and a number that has historically predicted re-election.
What was most well received by all voters was Trump’s attack on the "rise of socialism" within the United States, most notably within the Democratic Party, whose sharp left turn has startled even those within their own party who deem themselves "center left".
This is good news, as it proves that those wishing to end free markets and capitalism are still within the minority.
Unfortunately for President Trump, however, he once again tied himself even more closely with the recent successes of the United States economy. This means that if there is a strong pull back, or renewal of the recession, he is going to suffer immensely.
He has tied himself so closely with the rising stock market and the general success of the economy as a whole that some prominent voices within the Democratic party are actively wishing for a recession to diminish his chances of re-election.
Unfortunately for the majority of the public, I believe these Democrats may get what they are hoping for, as the chances of a recession remain strong.
Geopolitical tensions are still boiling, and the U.S. government shutdown is likely to resume soon. The risks of collapse are startlingly high.
A prudent person would hope for the best and prepare for the worst, protecting themselves while they can by acquiring an insurance policy that has seen people through both the good times and the bad.
Only one has proven itself time and time again: the acquisition of gold and silver bullion.
Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.
The views and opinions expressed in this material are those of the author as of the publication date, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.You may copy, link to or quote from the above for your use only, provided that proper attribution to the source and author is given and you do not modify the content. Click Here to read our Article Syndication Policy.
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