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The Sean Morgan Report

Gold Price Election Prediction

The Sean Morgan Report

Sean Morgan

Qanon Posts, Coronavirus, News, Trump, Spirituality, News Commentary, Qanon, Politics, Qanon Decodes, Qanon Updates, Q Anon, Religion & Spirituality, Covid19

2.8690 Ratings

🗓️ 2 November 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

All right, Dr. Kirk Elliott, welcome to the show.

0:04.5

Hey, thanks, Sean. It's great to be with you today.

0:07.1

Yeah, you know, the election is tomorrow is what we're all thinking about and praying about.

0:11.9

And I was wondering what you think is going to happen with the financial markets and with gold price, depending on the outcome.

0:20.4

Okay, so I think what will happen is, let's just take both scenarios.

0:27.2

Let's say Biden wins, which I don't think that he will.

0:30.9

However, let's say that he does.

0:33.0

I think that because of his massive taxation,

0:37.4

because of the leftist policies of probably increasing

0:42.0

capital gains taxes, probably increasing personal taxes, you know, increasing payroll tax.

0:48.9

It's like whenever the left runs out of money, they raise taxes. That's their go-to.

0:57.1

So, and there's a reason why I'll get into that, but I'll answer your question first. So

1:01.4

if Biden wins, I think all of that extra taxation, people having less money to spend,

1:08.1

when people have less money to spend, the stock market goes down because

1:11.8

it's all a function of revenues, right? So when the revenues are down, the price to earnings ratio

1:17.2

goes down, which means stock price comes down, and I think it's just a complete free fall. I think

1:22.5

then what their next stage will be is an inflate or die mentality, meaning they're just going

1:32.1

to print money without discretion because that's also a hidden tax too. But if the taxes aren't

1:38.7

covering it, which it won't, they're going to try to print their way out of it, which will cause

1:42.5

interest rates to absolutely

1:44.2

soar the dollar to be decimated. And I think a Biden presidency does terrible, terrible things

1:51.0

for not just the U.S. economy, but so goes the United States, so goes the world, because we're

...

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