- Peter Schiff: “Nothing Bullish” About A Biden Win, Sees “Gold Replacing Dollar”
by SchiffGold.com, via https://www.zerohedge.com/
Peter Schiff appeared on Kitco News with David Lin to talk about the investment implications of the upcoming US elections.
Peter said he doesn’t feel good about the election and that he thinks Biden will likely win. He said the Democrats may even gain control of the Senate. So, what would a Biden win mean for the economy?
As reckless as the Republicans have been with borrowing and spending, I expect the Democrats to be even worse. And unfortunately, unlike when Obama was president and you had some pushback from the Tea Party in the Republicans to kind of rein in Obama and keep him from borrowing and spending as much as he would have liked, that opposition is not going to exist anymore. Basically, the Tea Party is dead. Trump helped kill it.”