Government Shutdown Ends, Fed Capitulation Continues – Ep. 439
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 26 January 2019
⏱️ 59 minutes
🧾️ Download transcript
Summary
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Downwardly Moving Expectations
The record-breaking partial U.S. government shutdown looks like it has now come to an end. Donald Trump today announcing that he is going to be re-opening the government for three weeks, and during that time we will have negotiations regarding funding for the border wall, the barrier, the smart wall - whatever it is being called now. Donald Trump seems to be downwardly moving his expectations of what that wall would constitute, how much terrain it would cover, but at the end of the day, I don't believe that whatever compromise we get 3 weeks from now is going to include any type of funding for the wall.
Democrats Trying to Teach Trump a Lesson
And I think that the President talking about potentially shutting the government down again in 3 weeks if the wall money is not there, I think that's an empty threat; I think that is a bluff that would be easily called by the Democrats. If you look at the Democratic press conference that followed the Trump announcement, Chuck Schumer basically said,"I hope the President learned his lesson." I'm surprised he even said that because it is admission that the Democrats were trying to teach Trump a lesson. That is, in fact, probably what they did. Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
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| 0:00.0 | The Peter Schiff Show. |
| 0:10.1 | The record breaking partial U.S. government shutdown looks like it has now come to an end. |
| 0:17.1 | Donald Trump today announcing that he is going to be reopening the government for three |
| 0:23.2 | weeks and during which time we will be able to have negotiations regarding funding for the |
| 0:30.8 | border wall, the barrier, the smart wall, whatever it's being called now. And of course, Donald Trump |
| 0:37.0 | seems to be downwardly moving his expectations of what that wall would constitute, you know, |
| 0:44.3 | how much terrain it would cover. But at the end of the day, I don't believe that whatever |
| 0:50.3 | compromise we get three weeks from now is going to include any type of funding for the wall. |
| 0:57.7 | And I think that the president's talking about potentially shutting the government down again |
| 1:04.5 | in three weeks. If the wall money is not there, I think that's an empty threat. I think that is |
| 1:10.7 | a bluff that would be easily called by the Democrats. In fact, if you look at the Democratic press |
| 1:17.9 | conference that followed the Trump announcement, Chuck Schumer basically said, I hope the president |
| 1:24.2 | learned his lesson, which I'm surprised he even said that. But it's an admission that the Democrats |
| 1:30.3 | were trying to teach Trump a lesson. And that's in fact probably what they did because now that Trump |
| 1:36.6 | has caved and allowed the government to reopen. And I don't know, maybe it was a LaGuardia airport |
| 1:42.3 | today saying that they had to suspend flights because they didn't have the air traffic controllers, |
| 1:47.7 | whatever it was, Trump blinked first. And I think that's it. I think he doesn't have a negotiating |
| 1:55.3 | position in the future because now all the government workers are going to get paid. They're |
| 2:00.4 | going to get checked. So the potential economic hardship is been diffused. And again, this is also |
| 2:07.6 | shows you the degree to which our economy is teetering on the edge of the brink because you have so |
| 2:13.8 | many government workers who are living paycheck to paycheck. If they don't get that paycheck, |
| 2:18.9 | they can't pay their rent. They can't put food on the table. This is a very unhealthy economy |
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