There is no alternative to the stock market - TINA. None dare call it QE. Debt monetization like Zimbabwe. $14 trillion of new confetti since 2007. No wonder the market hasn’t crashed yet. But there will be a day when the recession comes and we’ll turn to central banks and they’ll be powerless. We’re already in QE and zero percent money, what else can they do? What about the fiscal side of the leger? Global debt is now $255 trillion, 330 percent of GDP and economic growth is fettered when we’re at 90 percent. Most of the debt is unproductive by nature. $1 trillion in debt during an expansion, wait for $3 trillion when the recession hits. 

Direct download: Michael_Pento_05.Dec.19.mp3
Category:general -- posted at: 8:01am EST

It’s been 10 years now and WS keeps doing the same mistakes over and over again. I urge everyone listening to watch Margin Call and The Big Short, whether you’ve seen them before or not. The lessons of these movies are more relevant than ever. Wall Street has learned that when in doubt, get a bailout. The next one will be here before you know it. As Chris and I discuss, we need a skin-in-the-game economy, where Wall Street and its managers actually risk their own capital and risk complete financial ruin if they tank their companies and industry. Let's go back to the good old day of Wall Street General Partnerships and let's penalize CEO's by taking their accrued fortunes when they kill companies like GE. 

Direct download: Chris_Markowski_04.Dec.19.mp3
Category:general -- posted at: 8:00am EST

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