))
The Cure is the Disease (Debt, Debt, Debt) with Michael Pento
Archived series ("Inactive feed" status)
When?
This feed was archived on July 05, 2021 06:09 (
Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 274516649 series 1412167
Content provided by Kerry Lutz Podcasts – Financial Survival Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kerry Lutz Podcasts – Financial Survival Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
from Kerry Lutz's Financial Survival Network
Michael Pento Returns… It’s amazing how Americans and people around the world accept the same line of garbage; the cure to the economic crisis is actually the disease. Ever escalating debt is what got us into this mess in the first place. And as usual, the powers that be solution is ever more debt at an ever accelerating pace. Does that even remotely make any sense? Intractable inflation, a bond death spiral, constant monetization will eventually result in Fed not being able money to print our way out of it. Right now, Apple’s 10 year bonds yield is below the 10 year Treasury. Jerome Powell wants higher inflation, perhaps double digit and with the cooperation of the Congress and the President he will get it. Paying people to lay fallow and not produce is clearly not the path to prosperity. And that’s where we find ourselves now.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
64 episodes
Share
