Wed, 19 February 2020
Michael Pento joined us on a day when gold broke $1600 and silver broke $18. What could be the cause of such a move? Perhaps it was Nanny Michael Bloomberg's pledge to tax Wall Street to the hilt. Or perhaps another Black Swan is getting ready to come public. One thing is for certain, the Fed has gone totally over the top on money printing and monetizing the debt. It can never allow interest rates to rise over current rates again. Stocks continue on at a completely insane over-valued track with no end in site. We truly are living in the New Economy. |
Wed, 19 February 2020
M I C H A E L A I N S L I E has firsthand experience with several high-profile events, including the 2008 bankruptcy filing of Lehman Brothers: He was one of ten people in the Lehman boardroom on the evening of September 14, 2008, who saw firsthand the events that led to the largest bankruptcy filing in US history. Michael offers readers an insider’s view of the situations surrounding the price-fixing scandal between Sotheby’s and Christie’s, a scandal that rocked the art world and sent the ex-chair of Sotheby’s to prison. Michael has been a champion of education for decades. His passion has been the Posse Foundation, which he helped launch in 1994. Michael was Posse’s first board chair, serving for thirteen years and continues on the Posse board. He had a distinguished business career serving as president and CEO of Sotheby’s from 1984 to 1994, leading a transformation of the worldwide auction business. Previously he was president and CEO of the National Trust for Historic Preservation from 1980 to 1984. While at the National Trust, he helped rewrite the tax law to provide a 25% investment tax credit for investment in historic buildings. This incentive radically changed the landscape of historic preservation.
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