Dollar Dumps as Stock Market Pumps – Ep 625
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 7 November 2020
⏱️ 39 minutes
🧾️ Download transcript
Summary
* Investors having deer in headlights moment.
* The light at the end of the tunnel is a Mac truck.
* Rally in gold stocks are a small taste of what’s ahead.
* Biden has the same tricks to play as Trump.
* Biden, like Trump, criticizes the stock market as a candidate and will embrace it as president.
* Bitcoin gains, but its popularity doesn’t.
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Transcript
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| 0:00.0 | The Peter Schiff Show |
| 0:09.1 | Well the outcome of the presidential race has not changed much since my last podcast. |
| 0:14.8 | Although it does look like Biden's electoral victory may be a little bit larger than the |
| 0:21.9 | three or two I think I believe initially looks like Biden may well end up with 306 |
| 0:29.4 | electoral votes which coincidentally is exactly how many electoral votes Donald Trump initially |
| 0:36.8 | won by when he beat Hillary Clinton in 2016 although I think he lost a couple of those |
| 0:42.1 | unfaithful electors so I think in a final analysis he ended up with 304 but he won 306 on |
| 0:50.0 | election day and it looks like that's what Biden is going to do although you know nothing |
| 0:56.2 | is for sure yet there's still counting ballots in five states and all Biden has to do |
| 1:02.6 | to win is capture just one of those five states and he's the next president that's all he |
| 1:07.2 | needs and he's currently leading in three of those five states. |
| 1:12.3 | On the other hand Donald Trump needs a clean sweep he needs to win every one of those |
| 1:15.8 | five states to win and since he's trailing in three out of the five you know it's like |
| 1:21.0 | the odds are probably worse than filling it inside straight for Trump to win I haven't |
| 1:25.4 | actually calculated him but it seems pretty slim that you're going to do that although there |
| 1:30.2 | are some recounts I think in some of the states but at the end of the day this is the outcome |
| 1:37.2 | that I expected and in fact I expected Trump to be a one-termer from the very beginning |
| 1:43.9 | I said he was going to be the Republicans version of Jimmy Carter and I think that's exactly |
| 1:49.3 | what he's going to be. |
| 1:51.0 | Now I think that Trump got more votes than I expected so I think the polls once again |
| 1:59.4 | significantly underestimated Trump's support but if you remember when he won in 2016 he |
| 2:06.8 | barely won I mean he eaked out some close races in some swing states and this time it |
... |
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