Gold Traders Still Don’t Understand The Rally

The economy under Trump is an even bigger bubble, its more screwed-up, and we’re on the verge of an even bigger crisis…

by Peter Schiff via SchiffTV

There’s been a lot of action over the last couple of days in the U.S. stock market. In fact, the market just closed a few minutes ago, as I am recording. It is now after 10pm in the evening here in Italy. If you don’t already know by now, I am out here in Italy with my son, and that’s why I’m not recording as many podcasts as I normally would. Although, I did record a podcast with my friend Simon Black, of Sovereign Man. I’m actually staying with Simon and some other guests of his for a few days in Umbria. We leave tomorrow for Florence, then Venice and then home. So I recorded a podcast with Simon yesterday. We talked for about an hour. So if you want more material, just go ahead and have a listen to that. You’ll get over another hour discussion.

Also, I put up the YouTube video this morning that I meant to put up a couple of weeks ago. I uploaded a debate that I had with Art Laffer on CNBC. Art was going on television all over the place, talking about how the economy was great; everything was fantastic, and, by the way, we should turn over the power of the Federal Reserve to Donald Trump-the President. Because he’s doing such a great job and he would do a better job of managing the Fed because he’s doing such a great job with the economy. So I wanted to upload that debate to show just how completely clueless Art Laffer was in 2006 about the economy under George Bush.

Art Laffer: Still Clueless!

Well, the economy under Trump is in even worse shape that that one. This is a bigger bubble; it’s even more screwed up, and we are on the verge of an even bigger crisis. Well, he couldn’t see the last crisis. He is just as blind to this one. Please check that out.