trump versus biden biden vs trump what will happen economically if donald trump wins what will happen economically if joe biden wins i want to thank luke grauman of forest for the trees llc for providing the most succinct answer to the most important questions of our time yet and what he did was he came up with this marvelous table that has a trump win a biden win and if they're dealing with a democratic congress or a republic congress so it's a quadrant of the economic outcomes that we will have in each instance and


here is this brilliant table uh trump win a biden win democratic congress republican congress and in each case more federal fiscal stimulus monetized by the fed and the u.s banking system and that means print that is the answer regardless of who wins this election and that means gold and silver will give fiat currencies a knockout blow so where is the economy heading well let's take a look at fed this always cracks me up federal debt total public debt so uh the politicians get to spend it and


they stick us with the bill because they keep on promising us stuff free stuff you know that and and the public can't seem to discern the difference between uh that free and and not so free uh they don't realize that we're going to pay for it that it adds to the public debt and that it is absolutely crushing the country but what we see here is this sudden increase and this is as of the second quarter of uh of this year uh and so we're up at uh 26 something uh trillion dollars almost 27


trillion dollars right now heading toward 28 trillion uh this is the compounded annual rate of change so it's showing you the speed that this you know that not just the scale of it not how big it just how big it is but also the speed of it and what you see here this is the global financial crisis of 2008 the lehman crisis and everything else where we almost had the entire world financial system break down and then this is the response to the plan endemic and here we have something even more


important the total public debt as a percentage of gross domestic product so this is how much debt and our ability to pay off this debt in the future because you have to have an economy a healthy economy to be able to pay back debt and what you see here the great bold precious metals bull market of the 70s one of the greatest bull markets of all time the tech market bull market the bull markets from from 1980 until 2000 they pale in comparison to this bull market of the precious metals and it occurred when we were well below


40 percent in fact when gold was peaking uh in 1980 at 873 and silver was at 50 the debt to gdp was about 31 today it's 136 percent this is just a completely different world than the last time around but what's more amazing is the speed at which this is happening the compounded annual rate of change shows nothing in history has happened that is it is remotely close this again is the global financial crisis of 2008 at a 40 annual rate of change and here we are up at about 155 percent annual rate of change so this


is huge so where are gold and silver heading well you know a couple of weeks ago i presented this graph and my chart master alan hibbard came up with this wonderful chart where i could just click buttons and i could lengthen and shorten the time scale and compress the magnitude of a move but what i pointed out was that there's this a b c pattern this is called elliott wave analysis uh of the 70s bull market so it started with gold at 35 an ounce uh it went up to about 200 bucks an ounce at the end of


74. and that is the a wave and then there's a b wave to the bottom here and then a c wave uh where it went up to the peak of 873 dollars and so i had him overlay the uh current bull market that's the green line here and we took the lowest point between 1980 and today which was uh uh back in 1999 gold was 253 dollars an ounce uh and then uh you know the bull market only goes two today so what i've got here is the 70s bull market for 21 years just so you can see the difference in them


but i wanted to know what would happen if i lined up this a wave of the current bull market and that peak was august of 2011. if i lined it up so i can press this time scale so i add end the magnitude so i could push this over and then push it down to match that peak that happened at the end of 1974 the a wave of the previous bull market and that you know coming back to this time scale here that just goes 10 years this is how they line up it's a perfect match i mean it's you know not quite perfect


there's these slight variations but the correlation here is astounding i mean this when i saw this it just sent chills up my spine that this was so perfectly correlated and the outcome is that if you know what it shows here is that we're right on time really it also shows that the duration the time that this bull market is taking to play out is 2.42 times as long as the previous bull market but it's 1.8 times greater in magnitude than the previous bull market and if it continues to play out


in this fashion which i doubt i think there are some things coming that are going to be much much bigger than last time around with the stability of the economy is not as great as it was back in the 70s and 80s it was bad then but it's a whole lot worse now the shocks that we have had to the economy but if this continues to play out uh you can expect in november of 2023 it would be it would mean 11 250 an ounce gold so over the next three years you would get 78 return per year on your investment


in gold but i don't think that it's going to play out exactly like that like i said things are in a lot a lot worse shape and they keep on printing currency so what does it mean whether trump wins or biden wins no matter who wins the election they will never stop borrowing they will never stop spending and they will never ever stop printing which means gold and silver will give a knockout blow to fiat currencies i hope you were entertained by this video we'll see you next time