The Peter Schiff Show.

Well, I'm back, everybody.

I am back in my home office in Puerto Rico.

It is Election Eve 2020, and I am sitting back watching the returns coming in.

I'm going back and forth on my remote between CNN and Fox looking at the returns.

I know some of the key states are about to close, so we'll get some more of the results in.

I just decided to kind of go live to give my thoughts on the election and the implications

for the economy and the markets.

In fact, I'm watching the financial markets trading, and right now they all seem to be

moving in lockstep in the same direction earlier this morning, or not this morning, earlier

this evening rather, maybe an hour or so ago, the stock market was up, foreign currencies

were up, gold was up, and Bitcoin was up.

And they all turned around at the same time.

And then the markets went down, foreign currencies went down, gold went down, and Bitcoin

went down.

So everything is kind of trading together, I guess, as people jockey for positions based

on what they project the outcome of the election to be, and how they feel those outcomes

are going to impact the markets.

And I think the main thing that investors are looking at is not really the economic

policies of the Republicans or the Democrats, but the Federal Reserve and which combination

for the House, the Senate, and the White House will produce the most stimulus, both

fiscal stimulus coming from the government and monetary stimulus coming from the Fed.

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