“I am asking for WORLD PEACE, nothing less!” So says President Donald Trump with the emphasis all his in a public tweet to his 53 million followers.
It is the first time in a long time those two words have been uttered by a sitting president, but the context makes one wonder whether he really means it. He said:
“The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!”
Sanctions on Iran go live today with President Trump so far successful in addressing two of the infamous then President Bush’s axes of evil.
Isis has been defeated. North Korea is in a path to peace. War rages in Yemen still where Saudi Arabia and Iran are engaged in a proxy fight. On the other end, Israel accuses Iran of funding Hezbollah, Hamas and all the rest.
War is peace, some might be translating Trump’s words, but after two decades of war, America is a bit fed up.
Their debt of $20 trillion is now growing by a trillion a year. Some 20% of their taxes go to fund the military. Trump, as a businessman, perhaps simply does not like all this.
He must have a long perspective through his 70 years of age. Probably remembers how good the 90s were when we enjoyed a peace dividend.
A return of peace would be awesome for business, in Iran or Arabia, Russia, China, Europe or America, as well as anywhere else.
Thus whether he really means it is perhaps less relevant than he saying those almost forgotten words: world peace.
Stocks naturally rose a bit today, as did cryptos, with both price actions probably unrelated. But an atmosphere of general global peace with no state enemies should increase general happiness and thus general productivity as well as well-being, which can only be good for business as well as good for everything else, within this space and outside of it.
So best of luck Trump. We’ll definitely keep you to those words.