2016 election

Peter Schiff: ‘I Would Rather Go Into The Election Long Gold, Short The Dollar As My Main Trades’

Yesterday I spotted economist, financial broker/dealer, and author Peter Schiff on the RT America show Boom Bust. Schiff, who correctly-called the housing bust and economic crisis in the last decade, talked about how the financial markets might react to either Hillary Clinton or Donald Trump winning next week’s U.S. presidential election. He told viewers:

Well, I think the markets will react negatively to a Trump victory because there’s more uncertainty surrounding what a Trump presidency would look like. I mean, you say, “Well, with Clinton it’s the devil you know.” But I think in this case “the devil you know” is pretty bad. I’d rather take a shot at the one that we don’t. But I think the markets will be worried about what it might mean and I think the markets will sell off. I think gold will rally. I think the dollar will sell off. But longer term- and of course traders don’t think about the long term, they’re just trading for what’s happening right now- long term, I think a Clinton presidency is much worse for the U.S. economy and therefore ultimately much worse for the U.S. stock market. But in the short run, we have a bubble. And all people are concerned with now, at least traders, are what is going to happen to keep the air from coming out of that bubble. And nobody really wants to challenge the status quo. They want to continue this cozy relationship between the government, the Fed, and Wall Street. And Hillary Clinton means that they will continue it as long as they can. And a Trump presidency really throws a monkey wrench into that because nobody really knows what it means…

Answering a question about how investors should position themselves, Schiff said:

I would rather go into the election long gold, short the dollar as my main trades. And the stock market doesn’t seem as interesting a trade to me as currencies and metal.,,

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page. A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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The Survival Podcast’s Jack Spirko Offers Advice For Combating ‘Election Anxiety Disorder’

“The presidential election dominates the news cycle for several months once every four years- but if 2016’s intensely hostile contest has left you feeling more anxious than usual, you’re far from alone. In a survey released Thursday by the American Psychological Association (APA), 52 percent of American adults report the election as a significant source of stress in their lives…”

-Fox News website, October 18

(Editor’s note: Bold added for emphasis)

Due to the focus of my research, I’m constantly tuned into the 24-hour news cycle. But because I’ve been at it for almost a decade now, I’ve conditioned myself to deal with much of the nonsense being churned out regularly by various mainstream/alternative media outlets.

Hint: Employing “filters,” recognizing who/what is behind the “news”- particularly their political leanings, and not taking what’s said at face-value might go a long way in maintaining one’s sanity.

That being said, I’d be lying if I claimed the hotly-contested U.S. presidential election and all the bung that’s come with it hasn’t made my work more difficult these past several months.

The phrase “excruciatingly painful” actually comes to mind as I type this, as the “nonsense” I referred to earlier has been magnified exponentially- to the extent that it’s even getting under my skin.

I can only imagine how this political circus is affecting other Americans…


“You’re driving me crazy!”
Suicidal Tendencies, Institutionalized (1983)
YouTube Video

So how does one deal with “election anxiety disorder,” as I’ve heard it being called?

Well, that Health.com/Fox News piece offered up several short-term, rather common-sense suggestions like “limit your media consumption” and “avoid getting into discussions about the election if you think they have the potential to escalate to conflict.”

But I also came across more long-term advice from modern survivalist/host of The Survival Podcast Jack Spirko recently on dealing with the freakshow. From the website intro to episode 1885, “Join the Quiet Insurrection” (posted October 18):

I sat today in dismay as I looked at Fox News and CNN for just a bit to get a feel for what is going on with the Assclown Circus of 2016. All I hear is each side saying the other side sucks more. I am getting emails from listeners about how family members are angry with each other because of who they will vote for or because they won’t vote at all.

I look and I see nothing but a nation on verge of just saying F-it and dropping a shit ton of LSD and lighting shit on fire. It saddens me and it makes me laugh at the same time. I know as I have always taught there is no solution in the halls of government or in arguing with your friends and family about which criminal is worse or even making the case that they are all criminals. The only real solutions are in the acts of sedition and insurrection

(Editor’s note: Bold added for emphasis)

Now, Spirko is definitely not calling for violence here. Rather, a “quiet insurrection” which TSP practitioners “have been involved in for almost a decade now.”

The episode is an interesting listen. Cathartic possibly for those afflicted with this so-called election anxiety disorder.

“Join the Quiet Insurrection” can be accessed via The Survival Podcast website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Mango, Alison. “6 ways to manage election stress.” Health.com. 18 Oct. 2016. (http://www.foxnews.com/health/2016/10/18/6-ways-to-manage-election-stress.html). 27 Oct. 2016.

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Quote For The Week

“You have to take that sort of moderate, ‘We just want to have common sense legislation so our children are safe!’ You say shit like that, and then people will buy into it.”

-Mary Bayer, DNC a former Democratic delegate and a volunteer organizer for Hillary Clinton’s presidential campaign (per Daily Caller website), discussing “how the Democratic Party and Hillary Clinton hide the fact that they want to ban all guns” (per Project Veritas Action video description)


“Clinton Delegate Explains How Democrats Will Ban All Guns”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Hillary Clinton: White Americans ‘Need To Recognize Our Privilege And Practice Humility’

The “favorite daughter” of Park Ridge, Illinois- Hillary Clinton- gave this advice to white Americans Monday at the NAACP convention in Cincinnati, Ohio:

We white Americans need to do a better job of listening when African-Americans talk about the seen and unseen barriers you face everyday. We need to recognize our privilege and practice humility rather than assume our experiences our everyone’s experiences…

(Editor’s note: Bold added for emphasis)

“We need to recognize our privilege and practice humility”

Speak for yourself.


“Hillary: White Americans Need To Do A Better Job Recognizing Their Privilege”
YouTube Video

“Divisive politics” in an attempt to mobilize this particular group of voters for the November election.

Just what this country needs right now as “hard times” fast approach (again).

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, July 19th, 2016 Political Parties, Racism, Recession No Comments

Jeremy Grantham: ‘Still No Signs Of An Equity Bubble About To Break’

Right before the weekend, Jeremy Grantham, the British-born investment strategist and founder/former chairman of Grantham, Mayo, Van Otterloo & Co. (currently overseeing $99 billion in client assets), penned an article on the Barron’s website entitled “Jeremy Grantham Warns on Immigration, Brexit.” As part of this piece Grantham, whose individual clients have included former U.S. Vice President Dick Cheney and U.S. Secretary of State John Kerry, talked about U.S. stock prices. He wrote:

Despite brutal and widespread asset overpricing, there are still no signs of an equity bubble about to break, indeed cash reserves and other signs of bearishness are weirdly high.

In my opinion, the economy still has some spare capacity to grow moderately for a while. All the great market declines of modern times- 1972, 2000, and 2007- that went down at least 50% were preceded by great optimism as well as high prices. We can have an ordinary bear market of 10% or 20% but a serious decline still seems unlikely in my opinion. Now if we could just have a breakout rally to over 2300 on the S&P 500 and a bit of towel throwing by the bears, things could change. (2300 is our statistical definition of a bubble threshold.) But for now I believe the best bet is still that the U.S. market will hang in or better, at least through the election

(Editor’s note: Bold added for emphasis)

“2300 is our statistical definition of a bubble threshold”

2,300 on the S&P 500 was the same bubble threshold Grantham indicated in his last quarterly investment newsletter contribution. He wrote in May:

2) that we are unlikely, given the beliefs and practices of the U.S. Fed, to end this cycle without a bubble in the U.S. equity market or, perish the thought, in a repeat of the U.S. housing bubble; 3) the threshold for a bubble level for the U.S. market is about 2300 on the S&P 500, about 10% above current levels, and would normally require a substantially more bullish tone on the part of both individual and institutional investors; 4) it continues to seem unlikely to me that this current equity cycle will top out before the election and perhaps it will last considerably longer…

As I type this Monday afternoon, the S&P 500 stands at 2,167.

An interesting article by Grantham, which you can read in its entirety here on the Barron’s website.

By the way, I noticed there’s a comment attached to that piece from “Christopher Hill.” That is not from me.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information contained herein.)

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Signs Of The Time, Part 107

Personally, I believe that whoever wins the White House in November will be inheriting a “poisoned chalice” when it comes to the economy.

I strongly suspect the United States will enter into recession (if it’s not already in one) shortly.

And I fear the next (final?) stage of a U.S. financial crash I first started warning about back on Memorial Day Weekend 2007 may be helped along with the election of one particular candidate to the highest political office in the land after spotting the following this morning on the CNBC website.

John Harwood reported Monday:

One of President Barack Obama’s economic advisers will join Hillary Clinton’s campaign in another sign of close coordination between the White House and the presumptive Democratic nominee.

Jacob Leibenluft, deputy director of the National Economic Council, will become a senior policy adviser as Clinton prepares to fill out her economic agenda for the general election…

(Editor’s note: Bold added for emphasis)

Anyone looking forward to four (eight?) more years of “Obamanomics”?

If so, it sounds like that could very well be what’s in store for the country again after November 8, based on this news and other developments I’ve been following.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Harwood, John. “Hillary Clinton to add Jacob Leibenluft, Obama’s long-time economic adviser, to campaign team.” CNBC.com. 20 June 2016. (http://www.cnbc.com/2016/06/20/hillary-clinton-to-add-jacob-leibenluft-obamas-long-time-economic-adviser-to-campaign-team.html?utm_content=buffer72413&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer). 21 June 2016.

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Quote For The Week

“Somebody says they’re going to make America great again. They need to talk to people for whom it wasn’t so great. And then we need to recognize that white, non-college-educated Americans have seen great drops in their income, have seen great increases in their unemployment rate, have seen drops in their life expectancy. And they need to be brought along to the future. But they can’t live under the illusion that you can reclaim a past which is just that- past. This country is always about the future…”

-Former U.S. President Bill Clinton, speaking at Union County College (Cranford, New Jersey) on June 1

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Christopher E. Hill, Editor

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