He’s probably not pessimistic enough. From James Rickards at dailyreckoning.com:
In 2023, we saw the outbreak of a banking crisis (that isn’t over), a new Middle East war break out in Gaza, two states ban Trump from the ballot in the 2024 elections and the mainstreaming of AI, among other things.
All I can say is strap in, because 2024 is setting up to be even more chaotic than 2023. That’s right, 2024 will be more tumultuous and shocking than 2023. Let’s first address the election.
My primary focus is on markets and the economy, but I’m also an attorney. Though I’m not a constitutional scholar, I studied constitutional law under an exceptional professor.
And the decisions by the Supreme Court of Colorado and Maine’s secretary of state to ban Trump from ballots in their respective states are questionable at best.
First off, it’s not even clear that the constitutional provision they cite, Section 3 of the 14th Amendment, even applies to presidents. Here’s what it says:
No person shall be a Senator or Representative in Congress, or elector of President and Vice-President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof.
As you can see, it doesn’t reference a president, only “electors” of president and vice president. Some legal scholars argue that it does apply to presidents, but the question isn’t settled.
I Say You’re Guilty!
In the second case, it’s evident that Colorado and Maine exceeded their authority by claiming Trump participated in insurrection.
Trump has never been formally charged with insurrection in a court of law. He’s certainly never been convicted of insurrection. That’s a critical legal standard that hasn’t been met.
