Year of the Rooster

Monday, January 30, 2017
By Paul Martin

Monday, 30 January 2017

Donald Trump is now the new President of the United States of America (USA), such as it is, where libertarians and conservatives should be rejoicing – right? Well, maybe if he’s able to repeal Rule 41 and is able to right off a lot of debt without imploding the financial system (not possible) – yes – one must agree. However this is all speculation at this point – as is all the optimism associated with Trump, where like Reaganomics, Trumponomics, is expected to ‘reignite’ the US economy after 30-years of an aggressive hollowing out. Yup – everything will be ‘wonderful’ with a ‘businessman’ at the helm of the world’s largest and most important economy. He can reverse all that damage in no time. Oh and by the way – the rest of the world – you’re on your own – because it’s America first with Trump – nationalism to the max.

What should be noticed by all however, and the other side of the coin to a sanguine view of the future for our collective political economy, is this sentiment, Trump’s ‘America first’ doctrine, has not been lost on both domestic businesses or America’s trading partners, with China’s undoubtedly most important from a macro perspective. Thing is, from an unintended consequences perspective, because Trump is like a ‘bull in a china shop’, aggressive protectionist policy could bring reprisals from the Dragon, from a dragon in the ‘Year of the Rooster’ – circling back to remind of Trump. In Chinese zodiac, it’s a year that looks to the color gold and metals for ‘good luck’, which ironically could end up being China’s trump card to teach The Donald a lesson in diplomacy.

Heaven knows if recent comments from Trump’s Secretary of State are an indication of the wild statements (and actions?) we should expect, there’s every reason to think it might ‘hit the fan’ one day with China, where events could spiral out of control quickly. How will it start? The first shots in any war past initial aspersions are always economic, which is where China could really make trouble for Trump’s Presidency if it so chooses. How’s that? Well, how about unleashing the Chinese population on dwindling global physical gold and silver supplies. How about global stock market volatility spiking demand for physical precious metals rendering US (price setting) futures markets redundant, sending prices shooting higher – along with inflation expectations and interest rates. How about them apples?

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