The Cure is the Disease (Debt, Debt, Debt) with Michael Pento

 
Share
 

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on October 22, 2020 15:26 (6M ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Manage episode 274516649 series 1412167
By Kerry Lutz Podcasts – Financial Survival Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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.

2285 episodes