UNITED STATES OF AMERICA SETTING THE STAGE FOR THE 2024 ELECTION

The financial and political worlds are becoming more closely entwined to the point that it’s almost impossible to treat them separately. That’s why we have to keep a close eye on political developments. They can have a major impact on your investments. For better or worse, the U.S. 2024 presidential election race is in full swing. James Rickards discusses here the early stage of the 2024 election cycle

- James Rickards

I’ve never seen a presidential election with more at stake. Yes, I know, analysts say that about every election. But with nuclear war, de-dollarization, and a global financial crisis all on the table there’s no exaggeration in this case.

Do we get more woke and more broke under Biden? Can we dig ourselves out from under four years of disastrous economic and foreign policy? It’s not too much to say the future of the republic depends on the outcome. Still, it’s far too early to make predictions and I won’t even try. But it’s important to know what’s at stake and the major issues that’ll affect the election.

Let’s first consider the incumbent president, Joe Biden. Biden is frail, feeble-minded, and unsteady on his feet with audibly slurred speech. He seems lost and confused and has the empty stare of those suffering cognitive decline. Is he really fit to serve another four years?

Biden is running slightly behind Donald Trump in an average of national polls with Biden having 43.5% support, and Trump getting 44.1%. That’s a statistical tie. Neither candidate is close to 50.0%.

Biden has an unfavorability rating of 53.9% compared to a favorable rating of 39.2%; that’s a negative 14.7% spread, horrendous for a sitting president. It’s a sign of the times that the only major politician with worse ratings is Trump. He’s 39.2% favorable, 55.5% unfavorable, a negative 16.3% spread. Biden’s job approval rating on the economy is only 38.3%, a troubling level especially if the economy slips into recession. The American people are treating a Biden-Trump contest as a remake of Dumb and Dumber.