Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Ian Bremmer: Trump Faces a Far More Dangerous Risk Than Impeachment

Politics / US Politics May 24, 2017 - 03:48 PM GMT

By: John_Mauldin

Politics

by Patrick W. Watson : The words "Trump" and "impeachment" are often seen in the same sentence now. Few think it would happen. But there's no question another presidential impeachment attempt would be a wrenching experience for the nation.

Geopolitics expert and Eurasia Group founder Ian Bremmer doesn't worry about impeachment. Speaking at the Mauldin Economics Strategic Investment Conference on Tuesday, Bremmer said he sees a different and more worrisome risk.


What If Trump's Generals Leave?

When Trump won the election, he knew that he lacked military and foreign policy experience. To that end, he brought in widely respected retired General James Mattis as secretary of defense and Lieutenant General Michael Flynn as his national security advisor.

Flynn didn't work out, obviously, but Trump replaced him with Lieutenant General H.R. McMaster.

Defense hawks breathed a sigh of relief with these appointments. At least someone with military sense would be at the table, they reasoned.

But would Trump listen to them?

Most accounts say yes. Mattis, in particular, has strong influence on military and foreign policy decisions. This proved invaluable as the Pentagon mounted attacks on Syria and geared up for a possible response to North Korean missile launches.

So, as long as the generals are there, Bremmer is confident Trump won't do anything crazy. But will they stick around? That is not at all clear.

Mattis or McMaster Could Resign Within a Year

Working for Donald Trump isn't easy. He vacillates, changes his mind, thinks out loud, and publicly blames subordinates when things go wrong. Not everyone can handle it, and plenty don't want to.

This may be one reason the administration has been slow to fill the hundreds of sub-cabinet positions that require Senate confirmation.

Last week, Trump sent McMaster to face the media in defense of disclosing sensitive information during his Oval Office meeting with Russian visitors. McMaster was clearly uncomfortable in the role. Many observers thought his answers misleading or worse. That's a tough accusation for a military man whose word has long been solid as a rock.

Bremmer's concern is that we will continue to see more incidents that are unpleasant for Mattis and McMaster. There may be others behind closed doors, too. At some point, one or both could decide he's had enough.

In that scenario, replacing them with equally respected figures might be difficult. So, then what? Who will get Trump's ear?

Bremmer doesn't know, but suspects the answer wouldn't be good. He sees a significant chance either Mattis, McMaster, or both will leave their posts within a year. This is a much higher probability than impeachment—and potentially far more dangerous.

Get Live Updates from the Sold-Out 2017 Strategic Investment Conference

Don’t miss out as some of the world’s leading asset managers, geopolitical experts, and Federal Reserve insiders, including John Mauldin, George Friedman and Ian Bremmer, discuss how to assemble a winning portfolio for the Paradigm Shifts now destabilizing the world. Click here to tune in.

John Mauldin Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in