Posted on 10/06/2023 9:55:14 AM PDT by appeal2
Michael Pento discussed the current state of the bond market and warned of the potential collapse of the US dollar due to the erosion of faith in the world’s reserve currency. He advised investors to sell long duration bond exposure and invest in short term US government debt. Pento also discussed the inflation and GDP acceleration, as well as China and Japan’s selling of US treasuries. He warned of the massive issuance and supply of US debt and questioned who will buy it, as the Federal Reserve is no longer buying and is instead selling their balance sheet, adding to the supply from China and Japan.Click here to watch to the interview
Not even the beginning of a close statement.
Our dollar is strengthening. Their money supply is devaluing into oblivion.
Margin Call and jenga towers everywhere.
Some skepticism is warranted. Of the site and its operator:
A whois.com query:This is a phishing site for buying and selling precious metals. "Leave a comment" will gather your name, email address and happily place cookies in your browser for "next time."Domain: financialsurvivalnetwork.com
Registrar: GoDaddy.com, LLC
Registered On: 2011-05-25
Name: Registration Private
Organization: Domains By Proxy, LLC
Street: DomainsByProxy.com
2155 E Warner Rd
City:Tempe
State:ArizonaHe says of himself: "Kerry Lutz has been a student of Austrian Economics since 1977. While attending Pace University, he stumbled upon an extensive cache of Austrian Economic Literature in a dark, musty, abandoned section of the school's library. After graduating from The New York Law School, he became an attorney and life long serial entrepreneur. His diverse career has included: running a legal printing company, practicing commercial law and litigation and founding a successful distressed asset investment company."
Further:
"In 2010, Kerry gave up most of his other interests to pursue his long held desire of becoming a radio show host. Thus the Financial Survival Network was born. Its mission is helping you to prosper and thrive in the New Economy. He has done hundreds of interviews with such financial luminaries as Peter Schiff, Harry S. Dent, Martin Armstrong, Jim Rogers, Marc Faber and Peter Grandich. He continually releases new segments and interviews on iTunes and YouTube. His new Triple Lutz Report was an instant hit and continues to increase audience share. As he says, 'The Financial Survival Network, It's All About What's Next!' "
In the small print: "THE CONTENT ON THIS SITE IS PROVIDED WITHOUT ANY WARRANTY, EXPRESS OR IMPLIED. NO MATERIAL HERE CONSTITUTES "INVESTMENT ADVICE" NOR IS IT A RECOMMENDATION TO BUY OR SELL ANY FINANCIAL INSTRUMENT, INCLUDING BUT NOT LIMITED TO STOCKS, COMMODITIES, OPTIONS, BONDS, PRECIOUS METALS, OR FUTURES. ACTIONS YOU UNDERTAKE AS A CONSEQUENCE OF ANY ANALYSIS, OPINION OR ADVERTISEMENT ON THIS SITE ARE YOUR SOLE RESPONSIBILITY."
Of "Contact Info"
Kerry Lutz takes emails at kl@kerrylutz.com and receives calls at 914-214-4448.914 is the area code for Manchester County, New York. He offers no snail-mail address.
As to kerrylutz.com, a whois.com query yields:
Domain: kerrylutz.com
Registrar: GoDaddy.com, LLC
Registered On: 2007-05-31
Name: Registration Private
Organization: Domains By Proxy, LLC
Street: DomainsByProxy.com
2155 E Warner Rd
City: Tempe
State: ArizonaAs to sponsors, see: https://www.financialsurvivalnetwork.com/sponsors-2/
You will be signing up for a "next time." Guaranteed.
“”””It’s mote like bonds only give a static interest while inflation is skyrocketing past that interest rate, and stock give better returns. People are dumping low interest bonds to get to higher return investments.””””
Have you ever bought a government, corporate, or municipal bond??????
Printing money causes inflation so we pay no matter what.
“””Not sure what you mean by “handed out”?”””
I am mainly referring to the fact that national debt was $32 trillion June 15th, $33 trillion Sept 15th, and today it is about to cross $33.5 trillion.
Somebody has their hand out.
Someday soon, you will eat those words.
We shall see - you're playing the wrong side of the crisis...it's monetary deflation....not monetary inflation...
You're treating price inflation like monetary inflation - two very different things...
I agree.
“??????”
What’s with the melodrama?
“higher return investments”
Lol.
“Higher return” comes with higher risk associated with getting that return.
Over the long run it may work out but short term—watch out....especially if you don’t have deep pockets to weather any storm.
All the “professional financial advisors” pushing stocks because they give “higher returns” will run for cover if we get a real crash.
It has been fifteen years—we are overdue.
It is all fun and games until it is not.
What if I could wave a magic wand over the US and cancel all debt - national, state, corporate, and personal.
Would you be excited to see that if it could happen?
“””What if I could wave a magic wand over the US and cancel all debt - national, state, corporate, and personal.
Would you be excited to see that if it could happen?””””
I would only be excited if you allowed me to buy 10% of your magic wand at a cheap price before you began waving.
Where the debt suddenly rises so fast and becomes unsustainable.
Indeed we can’t even pay the interest on the the debt we have Government revenue is down 10% and spending is up by 10%.
One misstep away from a huge depression 1879 and 1929 rerun combined.
Democrats are the only adults in the room per media huh.
NOT
I couldn't do that, since the money you would use to buy 10% of my magic wand wouldn't exist anymore.
You see, 'money' is just a 'claim on debt'.
If all 'debt' disappeared then 'money' would be a claim on 'nothing'.
There would be no money in our current economic system.
Nobody would have a paying job. There would be no food to buy. Anarchy would prevail - and hundreds of thousands of people would literally starve to death if food isn't provided for free to them by laborers working for free.
Be careful what you wish for...
“””Where the debt suddenly rises so fast and becomes unsustainable.”””
During the low interest period 2009 thru 2021 that was funded by the FED, we also increased our national debt from about $9 trillion to $24 trillion.
During the years in the late 1980’s the Treasury issued 30 year bonds at 7% interest rate and were able to replace those 30 year bonds with a 2% interest rate in 2020.
we also increased our national debt from about $9 trillion to $24 trillion.
Yes and Trump had a plan in the works to get it lowered until 2020 then disaster struck and here we are.
Tt was in a decline first stages.
“All the “professional financial advisors” pushing stocks because they give “higher returns” will run for cover if we get a real crash.”
An investor know how to take advantage of that crash in big ways. Big moves, positive or negative, can make the savvy investor money.
I’m not that savvy, so I stay away from stocks anymore. Far too volatile and manipulated.
“If all ‘debt’ disappeared then ‘money’ would be a claim on ‘nothing’.”
BS. Money is a storage of wealth. It is not a storage of debt.
I'll see your BS and raise you one.
'Money' is nothing but a promise on 'debt'.
Read this paper by the Bank of England and get back to me...
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