US election 2016: Barack Obama cautions fate of the world at stake

Published On:November 3, 2016, 12:55 pm

U.S. President Obama has insisted all the Democrats of the national backgrounds to vote for Hillary Clinton. He stated that the fate of the US republic along with the entire world is at stake.

With just six days until the election, the world looked rather curious as an uptick endorsing Clinton’s 70 year old Republican rival enthralled America’s foes, made its allies anxious and spooked financial markets. Obama said that Clinton’s republican opponent Donald Trump was a great threat to hard-earned civil rights.

While speaking at a rally in North Carolina the US president warned voters, "The fate of the republic rests on your shoulders." He further declared, "The fate of the world is teetering and you, North Carolina, are going to have to make sure that we push it in the right direction."

"I am not on the ballot, but I tell you what. Fairness is on the ballot. Decency is on the ballot. Justice is on the ballot. Progress is on the ballot. Our democracy is on the ballot."

On 8th November, 2016, Americans will pick between a famous populist from the world of reality television and a Democrat competing with a contended record in government to become America’s first woman president.

The Clinton and Trump selection has left many US voters fickle and thereby making it hard to determine who wins the Electoral College. Trump who is a boisterous real estate baron has been lashed with scandals that would have sunk a less insolent showman – accused of sexual assault, of not paying taxes, and of links to Russia’s Vladimir Putin and the mob.

Although the altered FBI scrutiny of Clinton’s use of a private email server as secretary of state has assisted in mobilizing the Republican’s strident fan base and the emphasized doubts of the public regarding the Democrat’s trustiness.

Kit Juckes, analyst at banker Societe Generale said, "With less than a week to go, market opinion is coming to the conclusion that a Trump win would create too much uncertainty and is bad for risk sentiment generally."

The United States stock exchange was right behind the rest of the world’s markets lower.  The Dow dropped 0.4%and the broader S&P 500 was off 0.7% at the close. Previously key markets in Europe and Asia had toppled more than 1%.

The US dollar proceeded to slip against the euro, losing 0.3% from Tuesday to $1.1093, while the Mexican peso. Trump’s ultimate threat to build a wall on the country’s US border, lost 1%.

Earlier this week, US Secretary of State John Kerry acknowledged that the campaign has been "downright embarrassing" as he deals with America's friends and foes abroad, and the latter were in full voice Wednesday.

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