Brexit

Election Day TV Coverage Highlights

From around 6 PM yesterday until 1:45 AM this morning, I was pretty much glued to the television watching how the 2016 U.S. presidential election would pan out. The following are some highlights from that TV viewing marathon. But before I begin, some things to note:

-While I did work for the Democrats in the U.S. Senate at one time, I am not a poltical partisan. I am both “conservative” and “liberal,” depending on the issue. Those who have followed my blogging regularly since 2007 can attest to that, where I have been just as quick to flame George W. Bush and his gang as Barack Obama, Hillary Clinton, and their respective crews.
-I had no idea who would win the White House.
-My network of choice for Election Day was Fox News.

As for those highlights?

-There was a point early in the night when I thought Hillary Clinton might win the election. Initial results from so-called “battleground states” seemed to be in her favor. But Karl Rove, former Deputy Chief of Staff and Senior Advisor to “Dubya,” reminded viewers that these were the ballots from “early voting” that were being tallied, which Democrats love to push, utilizing their usually-effective “ground game.”

-The first inkling I had that Donald Trump might win the election was when Fox News anchor Chris Wallace uttered the following:

At least I’m coming to the conclusion tonight, conclusion is the wrong word, open to the possibility- Donald Trump could be the next President of the United States…


“Chris Wallace: Trump could be our next president”
YouTube Video

-I became more attuned to the political earthquake at hand when Fox News’ Jennifer Griffin, reporting at the site of the Clinton victory party, described a silent, shell-shocked crowd.

-The results kept pouring in through the night. Yet Trump still hadn’t clinched victory. However, this late evening tweet (now since deleted I heard) from Gerard Araud, French ambassador to the United States, hammered home what was taking place Tuesday:

After Brexit and this election, everything is now possible. A world is collapsing before our eyes. Dizziness.

(Editor’s note: Bold added for emphasis)

As Anthony Bond pointed out over on The Mirror (UK) website today:

The experienced diplomat would need to work with Trump and his team if the Republican becomes President, making his remarks all the more astonishing…

-While Clinton campaign chairman John Podesta came out with his “come back tomorrow” speech since a few remaining races stood undecided, I desperately tried to stay awake to see what the Trump camp was going to say. The attempt was futile, and I called it a night around 1:45 AM.

-When I woke up a little after 7 AM, I grabbed the TV remote control off my nightstand, turned on FOX 32 Chicago, and saw that Donald Trump had been elected the 45th President of the United States. I subsequently watched as Clinton supporters levelled accusations of sexism, racism, vote rigging, Russian involvement, etcetera, against the Trump campaign. Perhaps there was a relatively simple explanation for their candidate’s defeat. Basic enough that even “deplorables” could understand. Greg Gutfeld, co-host of the the Fox News TV show The Five, claimed during last night’s election coverage:

This is culture versus culture. When you’re in a small town and Katy Perry, and Lady Gaga, and Funny or Die, and Miley Cyrus mocks you for your unhappiness and for your beliefs, you now see millions of people saying, “I’ve had enough of that culture. I don’t need you anymore.” This was the F-U to popular culture…

(Editor’s note: Bold added for emphasis)

“This was the F-U to popular culture”


“Gutfeld: Small town America is tired of being mocked”
Fox News Video

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

Source:

Bond, Anthony. “French ambassador to the US says the ‘world is collapsing’ as Donald Trump looks set to become President.” The Mirror. 9 Nov. 2016. (http://www.mirror.co.uk/news/world-news/french-ambassador-says-world-collapsing-9223847). 9 Nov. 2016.

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Wednesday, November 9th, 2016 Europe, Government, Political Parties, Racism Comments Off on Election Day TV Coverage Highlights

Peter Schiff Sees ‘Enormous Round Of Quantitative Easing’ Ahead For U.S.

Euro Pacific Capital CEO Peter Schiff, who correctly-called the housing bust and economic crisis last decade, just published a new entry to his Peter Schiff’s Gold Videocast vlog on YouTube.com. Schiff talked about what’s behind the recent take-off in precious metal prices. From last Friday:

What’s really behind the metals rise is not what’s happening in Europe, but I believe what’s going to be happening here in the United States, because I believe the Federal Reserve is going to use the turmoil in the markets that followed that [“Brexit”] vote as the excuse that it’s been waiting for, not only not to raise rates, but to cut rates and to launch QE 4. In fact, that is the main reason, I believe, that the markets have recovered somewhat from their Brexit-related losses. Because if you look at the financial markets, they are now pricing in for the first time a higher probability that the next move by the Federal Reserve will be to cut rates, not to raise them. Now remember, I’ve been saying this the whole time. Ever since the Federal Reserve raised rates in December I was saying the likelihood was that the next move would be a cut and not another increase…

As we continue to get more weak economic data that continues to surprise all the bulls who are expecting strong data, it’s not going to be long before the talk of rate hikes is really replaced first by the talk of rate cuts, and then by actual cuts. And of course since there’s not a lot of room for the Fed to cut rates because it never really raised them, the real monetary stimulus is going to come from an enormous round of quantitative easing

The reason there was such a violent reaction in the financial markets to Brexit wasn’t because Brexit is so terrible, it just shows you how precarious the global financial system is. It’s all perched upon these props of cheap money and central banking. It’s all based on hype and hope and confidence. And when something shakes the confidence, you see the immediate result. The central bankers are going to do everything they can to keep this bubble from deflating. And that means more money printing not only here but around the world. And all the naysayers, all the guys that were saying “Oh, Peter Schiff was wrong,” “The Fed was right,” “Bernanke was right- he was the hero,” “Paul Krugman was right- there is no inflation.” All the people who had these premature victory laps are going to have a lot of egg on their face. But in the meantime, there isn’t a lot of time left for people to buy gold and silver while there are still people foolish enough to sell it

(Editor’s note: Bold added for emphasis)


“Silver Confirms Gold’s Breakout”
YouTube Video

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

(Editor’s note: 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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Tuesday, July 5th, 2016 Banking, Commodities, Crash Prophets, Federal Reserve, Inflation, Interest Rates, Investing, Monetary Policy, Money Supply, Precious Metals, Stimulus Comments Off on Peter Schiff Sees ‘Enormous Round Of Quantitative Easing’ Ahead For U.S.

Marc Faber: ‘I Think Before The Year End We’ll Have Some Form Of QE 4 In The U.S.’

Swiss-born investment advisor/money manager Marc Faber was on the phone with the FOX Business Network this morning. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report discussed additional intervention by the world’s central banks in the wake of the “Brexit” vote and more quantitative easing in the United States. “Doctor Doom,” as the financial news media likes to call him, told viewers:

Regarding the confidence, I’m not so sure, because if you look at the performance of Treasury bonds, they would indicate that there is a sense that the economy’s weakening and that there are problems in the financial system. Also if you look at the performance of European bank stocks, they are horrible performers. So the confidence coming back- I’m not sure. But clearly Brexit means more money printing by central banks. They will continue to intervene. And I think before the year end we’ll have some form of QE4 in the U.S…

(Editor’s note: Bold added for emphasis)


“Marc Faber: Brexit means more money printing by central banks”
FOX Business Network Video

On the spectre of recession, Dr. Faber added:

I think the problem will be if there are no additional QEs around the world- not just in the U.S. but around the world- is that asset prices will no longer go up and we’ve seen this already in London properties, in New York properties- and this will have a negative impact on the economy. The recession in my view is not going to come from really the economy per se, but from asset price deflation

(Editor’s note: Bold added for emphasis)

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

(Editor’s note: 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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Tuesday, July 5th, 2016 Banking, Bonds, Crash Prophets, Deflation, Europe, Government, Monetary Policy, Money Supply, Recession, Stimulus, Stocks Comments Off on Marc Faber: ‘I Think Before The Year End We’ll Have Some Form Of QE 4 In The U.S.’

British Preppers’ Take On The June 23 ‘Brexit’ Vote

This afternoon I came across a piece about tomorrow’s “Brexit” vote (deciding whether Britain should leave/ remain in the European Union)- from the standpoint of British preppers- on the Preppers Shop UK Blog. From “The UK’s only dedicated prepping shop” on June 21:

How you should prepare for the EU referendum result.

Whichever side of the fence you sit on, it would be foolish to think that the result wont have a massive effect on everyone.

There are plenty of concerns if we stay in. European army, several new countries joining the EU, the crumbling euro, increased immigration putting strains on services and increased control over our laws from the EU.

If we vote out there will inevitably be a temporary drop in the economy and there is of course uncertainty over what will happen, after all its never been done before.

As preppers we should be considering how it could effect us…

The post went on to discuss the prospects for:

• “Social unrest.”
• “Job loss.”
• “Drop in the sterling.”
• “Food & fuel shortages.”

An insightful look at how America’s prepper cousins “across the pond” perceive Thursday’s historic event, which you can read in its entirety here.

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

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Christopher E. Hill, Editor

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