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

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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SchiffRadio Podcast Episode 5

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SchiffRadio Podcast Episode 2

SchiffRadio Podcast Episode 2 Synopsis * Economic Data - More weak data * Purchase applications index declined by 7.2% - biggest decline in 14 years * Treasury yields slightly up for the week * Retail sales up - Buying more or paying more? * auto purchases with cheap money * inflation not taken into account * Auto loans increasingly delinquent * Fed Policy * I'll admit to being wrong if the Fed raises interest rates back to normal and shrinks its balance sheet back to normal, as promised, and does not produce a financial crisis. * Interest Rates * Negative Interest Rates in Japan and in Switzerland * Inflation * Paul Krugman says we should be at 4% inflation and a minimum wage of $10.10 * Commentary on Henry Blodgett's inflation comments * Column from David K. Johnson on how corporations are getting rich by paying taxes * Employment * Jobless claims up, indicating a trend change * The Economy * Recognizing bubbles ahead of the crisis * Europe - Poll on Scottish independence * Social Issues: * The NBA in the hot seat for racism * Over-reaction to the Ray Rice story Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

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Schiff Radio Podcast Episode 1  Synopsis: * Wall Street foolishly dismisses August's horrible Jobs Report * ECB cuts rates in misguided push for higher inflation. * "Shrink-flation," what is it and why those using the term still don't get it. * Implications of Switzerland's coming gold reserve vote . * Protesting Fast food workers determined to put themselves out of work. * Does Alibaba's biggest IPO in history shows portent more interest in foreign stocks? * Countrywide's Anthony Mozilo is not the real villain. * NY Fed concedes 25% of college grads wasted their time and money. Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

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