The Peter Schiff Show Podcast10 Nov 2016

Making America Great Again Will Be Much Harder Than Voters Think – SchiffReport

* It is Wednesday, November 9, 2016, one day following one of the biggest political upsets in U.S. political history
* As Donald Trump shocked everybody by defeating Hillary Clinton
* Hillary Clinton was supposedly the most qualified person ever to seek the U.S. Presidency, and Donald Trump had no experience whatsoever
* And the establishment had already sworn in Hillary Clinton; it was pretty much a foregone conclusion that she was going to win
* I think she was almost a 10:1 favorite even on the day of the polls
* Even the early exit polls were predicting a Clinton win
* All the while, I felt in my gut that Donald Trump was going to win this election
* Why did I think he had such a strong probability of winning?
* I understood what almost no one in the mainstream media got, and that is the phony nature of the U.S. recovery
* The entire time President Obama was congratulating himself for having gotten us out of the mess created by his predecessor, and bragging about the strength of the recovery
* And labeling all critics as "fiction peddlers"
* I understood that the "fiction that was peddled" was in fact, reality
* And the real fiction peddler was the Commander in Chief
* Not only President Obama, but the Federal Reserve - Janet Yellen and the rest of her cronies at the Fed
* Constantly talking up the U.S. recovery and how the strengthening recovery would somehow result in higher interest rates
* Of course, Wall Street had a vested interest in peddling that fiction
* So everybody believed that the economy was strong, and therefore the voters would want to sign up for 4 more years
* After all, if Obama was responsible for the recovery voters would want to continue that recovery under Clinton
* They would not want to go back to the supposed failed policies of Bush that somehow would be adopted by Trump
* I knew that the entire recovery was an illusion
* And it simply existed in the minds of the people who fabricated it
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