Trump Out-Democrats the Democrats – Ep 618
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 10 October 2020
⏱️ 50 minutes
🧾️ Download transcript
Summary
Kudlow lies behind his mask.
Republicans cave on spending.
QE goes from tool of last resort to standard operating procedure.
Stimulus begets stimulus.
Dollar breaks down; gold and silver rally.
Gold and silver will move big following the election.
Debates need a referee, not a moderator.
Republicans are being stingy socialists.
Trade deficit with China bigger than before we declared a trade war.
Bitcoin gains on news of Jack Dorsey’s Square allocation.
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Transcript
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| 0:00.0 | I like to thank my newest sponsor indeed for supporting this episode of the Peter |
| 0:14.0 | Shifxo podcast. |
| 0:15.9 | Right now small businesses have to be more efficient than ever. |
| 0:20.5 | So every hire is critical. |
| 0:23.2 | Indeed is the number one job site in the world. |
| 0:27.3 | Get a free $75 credit at indeed.com slash Peter terms, |
| 0:33.6 | conditions apply and the offer is only valid through December 30th. |
| 0:39.4 | On my last podcast I talked about how Donald Trump tweeted the stimulus rug right out from |
| 0:46.8 | under the market when he basically took his marbles and went home, right? |
| 0:51.9 | He told Nancy Pelosi and the Democrats he was done negotiating. |
| 0:56.5 | That was it. |
| 0:57.5 | We're just going to go to the election or maybe next year before we have any additional |
| 1:04.0 | stimulus. |
| 1:05.0 | And of course, the minute the markets read that tweet, they immediately tanked because |
| 1:10.4 | after all the investors in the market know exactly where their bread is buttered and that's |
| 1:16.9 | at the Fed. |
| 1:18.4 | And the Fed has already said they're not printing more money until the government sells |
| 1:24.2 | more bonds. |
| 1:25.2 | In other words, the Fed is on hold with additional monetary stimulus until Congress comes through |
| 1:33.2 | with additional fiscal stimulus so that the Fed has more bonds to monetize. |
| 1:39.9 | And so the markets went down and I remarked on the podcast that the markets might continue |
| 1:45.0 | to fall until either the Fed came to the rescue or Trump cried on call. |
... |
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