The US has a President-elect with power to wield. A likely Republican trifecta would strengthen President-elect Donald Trump’s new administration across domestic and global affairs. Along with the White House, the GOP will have control of the Senate and (probably) the House of Representatives.
President-elect Trump himself has declared he has a “mandate”, although he will be subject to the checks and balances inherent in the US political system. The Supreme Court, with six of its nine justices appointed by a Republican president, is also likely to be broadly supportive of his policy agenda.
A Trump administration means radical changes for tariffs on imports, climate policy and international affairs. For the energy and natural resources sectors, the implications are many. A pathway nearer to our new delayed transition scenario is now more likely. Here are our team’s initial thoughts.
Power and renewables and decarbonisation:
The US will backtrack on net zero. Bipartisan support for measures in the Inflation Reduction Act (IRA) means that a full repeal is unlikely, but the expiration of tax cuts passed in President Trump’s first term will force Congress to re-examine incentives for low-carbon energy.
Near-term growth expectations for wind, solar, battery storage and EVs rely on IRA incentives, including 10-plus years of eligibility for production and investment tax credits. Even if Congress doesn’t end those credits, various elements of the IRA – including tax credit timelines, financing mechanisms or bonus adders – are likely to be removed or modified. […]
— Read More: www.zerohedge.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.