PODCAST

Hot Topic: Trumpocracy with David Frum [Part 1]

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PODCAST November 7, 2018

Show Summary:

The Wealth Exchange podcast is joined by David Frum today. David is the Senior Editor of The Atlantic and has previously held many titles, including Speech Writer for George W. Bush. An avid political commentator and author, David has recently published his New York Times Best Selling book, Trumpocracy.

Today, David will be interviewed by John Nicola, CEO of Nicola Wealth Management. They discuss the current political landscape in the U.S., such as the recent mail bombings and synagogue shooting, and all things Trumpocracy.

David also gives his predictions of the U.S. through Trump’s Presidency, his take on the U.S. MCA, and his views on the trade war with China.

 

Key Takeaways:

[:29] About today’s topic and guest.

[:53] Did David Frum expect his quote from Trumpocracy to come true? (“The thing to fear from the Trump presidency is not the bold overthrow of the Constitution, but the stealthy paralysis of governance; not the open defiance of law, but an accumulating subversion of norms; not the deployment of state power to intimidate dissidents, but the incitement of private violence to radicalize supporters.”)

[2:56] David breaks down the difference between the recent mail bombing and the tragic synagogue shooting.

[4:40] Does David predict that there will be more of these incited violent incidents through Trump’s Presidency?

[7:04] Does David agree with Peter Zeihan in that the framework the U.S. has created, shaped the environment that made “Trump” possible?

[11:24] Is the American agenda changing, or is it the Trump agenda?

[13:36] David’s view on the trade issues with China.

[16:19] As we look forward, does David see any rational thinking entering into the process of the trade war with China or is Trump too dogmatic?

[21:04] David’s take on the U.S. MCA.

 

Mentioned in this Episode:

Trumpocracy: The Corruption of the American Republic, by David Frum

Trump mail bombing incident

Synagogue shooting

The Accidental Superpower: The Next Generation of American Preeminence and the Coming Global Disorder, by Peter Zeihan

The Absent Superpower: The Shale Revolution and a World Without America, by Peter Zeihan

 

Guest Bios

David Frum

One of the most influential political analysts of our time, David Frum brings a rational conscience into the mainstream and the often-polarized world of American politics. He helps crystallize what the current political climate will mean for your business or organization – for the good, the bad and the future. As the Senior Editor at The Atlantic, David’s commentary on social and political issues generates thought-provoking discussions throughout America and around the world.

For his full bio, visit: nsb.com/speakers/davidfrum

 

John Nicola

John Nicola is the Chairman and the Chief Executive Officer of Nicola Wealth Management and has been a veteran of the financial services industry since 1974.

His areas of expertise include investment management, estate and financial planning, as well as business planning with a focus on best practices for wealth building, exit strategies, and shareholder agreements.

For his full bio, visit: nicolawealth.com/our-team/john-nicola

 

For More Information on this Week’s Episode, Visit:

nicolawealth.com/TheWealthExchange

 

Disclaimer:

This presentation contains the current opinions of the presenter and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide legal, accounting, tax or specific investment advice. Please speak to your NWM Advisor regarding your unique situation. Forecasts, estimates, and certain information contained herein are based upon proprietary research and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. NWM fund returns are quoted net of fund-level expenses. Past performance is not indicative of future results. All investments contain risk and may gain or lose value. Projected returns are estimates only. Returns are not guaranteed. NWM is registered as a Portfolio Manager, Exempt Market Dealer and Investment Fund Manager with the required provincial securities’ commissions in Canada.