The Trump Building
Economy

What was the financial markets' response to the assassination attempt on Trump?

Date: July 20, 2024.
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Assassinating presidents is not an unusual thing in the US history. To this day, a total of eight presidents have been assassinated. The 1865 Lincoln and 1963 Kennedy assassinations are mostly remembered, but two other Presidents were the victims of an assassination as well.

In 1881, James Garfield was the second president to be assassinated. He fought for his life for nearly three months after the attack. William McKinley was also the target of an assassination in 1901 and he died on the same day of the incident.

Assassinations targeted not only presidents but presidential candidates as well. Roosevelt and Robert Kennedy were the two biggest assassinations in the US political history. Roosevelt was wounded and Kennedy died.

The latest assassination attempt was against Donald Trump, and despite what conspiracy theorists say, experts agree that it was a near miss. But who is behind this assassination attempt? To answer this question, we need to take a deeper look into history.

Trump managed to turn everyone against him

In the past, people would ask the following question: „Who wanted Kennedy dead?“. From trade unions to big oil companies, from the deep state to the USSR, the perpetrator could be any one of them. So the answer should rather be: „Almost everyone.“

There are many parties, groups, factions or countries that want to see Trump dead. It is not a secret that Trump is against the Establishment. So, naturally, the deep state is not a big fan of him.

So far, he said that he intends to close US military bases across Europe and Asia, reduce the Navy’s Ford-class aircraft carriers costs to produce savings in the ship programme, cut US aid to Ukraine, make Russians to side with the US, continue the fight against China, stop Gaza war, revive the Abraham Accords, expand of the Mexico–United States barrier, and boost digital assets innovation. With these statements of his, he managed to turn everyone against him.

If the assassination attempt were successful, Biden would not be able to hold out against the resulting chaos

If Trump is elected President and actually starts fulfilling his promises, Europe, Japan, South Korea, China, Mexico, Israel, terrorist organizations, US deep state, capitalism and imperialism will be harmed.

They are trying to get rid of Biden by having Trump murdered. If the assassination attempt were successful, Biden would not be able to hold out against the resulting chaos.

The party or parties behind the attack failed. But it would not be irrational to think that there may be new attempts in the future. So the US needs to stay alert and vigilant.

A smart move

Trump made a smart move and selected a rather interesting man as his vice-presidential candidate.

Ohio Senator JD Vance had heavily criticized Trump many times before, but then had a change of heart about him. This is not uncommon in politics. Once enemies may become allies as they seek the same goal.

When Trump was serving as the US President, Mike Pence was his vice. And he often said things like, „If something happens to me, you will pay for it.“ So, Trump’s choice as his vice-president shows these two think alike.

Trump said that he would defend the right to mine Bitcoin and ensure every US citizen has the right to self-custody of their digital assets if he is re-elected president

Months ago, I had written in an article that the Chinese government was investing in gold while the US and other governments in the West were heavily buying Bitcoin.

And as I have mentioned above, Trump said that he would defend the right to mine Bitcoin and ensure every US citizen has the right to self-custody of their digital assets if he is re-elected president. However, some interesting developments took place over these past two weeks.

A big competition will begin between Bitcoin and Gold

German government has sold hundreds of millions of dollars’ worth of Bitcoin. However, polls have been showing Trump winning. Of course, it is not the one who gets the most votes is elected the US President. According to analyses, Trump would emerge victorious from the Electoral College.

The assassination attempt, which happened two days before the Republicans met in Milwaukee to determine their presidential candidate, was most likely already reported to US intelligence services. Something seemed off to me when I put the near-miss assassination attempt and Germans hastily selling Bitcoin together.

Since June, the German government has been selling Bitcoin originating from asset seizures, but in the last two weeks, this became a selling according to experts.

Emre Alkin
A big competition will begin between Bitcoin and Gold if Trump becomes President again - Emre Alkin

However, when Trump narrowly escaped the assassination attempt, Bitcoin has risen sharply, causing Germans to sell it at a lower price. The German government sold almost 51,000 Bitcoin over the past three weeks. But I do not know why Germany was in such a rush to exit from its Bitcoin holdings.

When Germany sold off its final Bitcoin reserve, stock markets have plateaued and gold price has gone up. As the US elections are nearing, I think US Treasury bonds and bills will fall into a volatile trend, but stock prices will pretty much remain unchanged.

According to some, a big competition will begin between Bitcoin and Gold if Trump becomes President again.

The currencies of developing countries are being negatively affected as the likelihood of Trump’s return increases. Quite expectedly, the Mexican peso was the first to depreciate. It is obvious that bilateral relations will worsen when Trump takes office.

If the Democrats push for Biden to enter the presidential race, we should know that there might be new assassination attempts against Trump.

Source TA, Photo: Shutterstock