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IPFS News Link • Economic Stimulus

Peter Schiff: Trump 'Out-Democrats' Democrats On Stimulus

• Zero Hedge - Peter Schiff

Via SchiffGold.com,

As Peter Schiff explained in his podcast, the president is now in the process of out-Democrating the Democrats on the stimulus issue. Peter said the Republicans lost the argument the moment they conceded stimulus is "good" for the economy.

Peter said the fact that the markets tanked the moment Trump tweeted that there would be no stimulus until after the election came as no surprise. As he put it, the markets know who butters their bread.

The Fed has already said they're not printing more money until the government sells more bonds. In other words, the Fed is on hold with additional monetary stimulus until Congress comes through with additional fiscal stimulus so that the Fed has more bonds to monetize."


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