The Phaserl


There Will Be Hell To Pay When This Tragic Collapse Begins

from KingWorldNews:

I’m focused on the fact that the Fed and the Treasury are primarily in the process of blowing disastrous bubbles. The economic recovery has been predicated on consumption. That consumption is 70% of US GDP. The consumption is, in turn, predicated on borrowing because we don’t have any real income growth on the part of the consumer.

The borrowing has been predicated on asset bubbles in stocks, bonds and real estate.

Michael Pento continues @

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