“The victory of #Trump and Republicans also potentially is the next step on moving to a true digital world, that is distinct from the nation state world we live in today. American corporations control almost all the important aspects of the digital world - from optic fibre cables, to social media, to operating systems to payment systems. Large US corporates operate on purely global scale, that is at odds with the domestic focus of nation state. We have already seen that the nation state struggles to enforce its will against large US corporates, and with the reelection of Trump, tax rates will likely fall further. Elon #Musk has already made the jump from businessman to politician (with control over SpaceX and Starlink making him the most powerful single person in military matters). The support of #Bitcoin, which is outside of the control of the US government, also adds to the idea that we are moving to a new stage in Western civilisation, or returning to an age of Empire, with US tech company the digital world overlords. This would be similar to the arrangement between the #UK government and the East India Company back in the day.
In the short term, the obvious trades will work. Long S&P 500, #gold, bitcoin and short treasuries. In the longer term, I would bet on politics in the rest of the world turning more violent. Rule of law and free trade politicians are useless against a Trump administration. I see the return of the general-politician globally, and the end of the lawyer-politician. I think that is a shame - but if the most powerful nation wants it that way, then that’s the way its going to be.”
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
