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GoldSeek Radio Nugget: Professor Laurence Kotlikoff and Chris Waltzek

GOLDSEEK RADIO
By: Chris Waltzek, GoldSeek.com Radio

 -- Published: Friday, 19 May 2017 | Print  | Disqus 

Highlights

  • Economist Professor Laurence Kotlikoff, returns with a new FREE book: You're Hired!
  • With over $220 in national debt, if 10% of the GDP were directed to paying of the debt, it would still require an infinite number of years.
  • Dr. Kotlikoff admonishes policymakers for ignoring the warning of the national founders, not to burden the young with debt, to the benefit of retirees.
  • Officials are determined to continue money printing ways, ultimately culminating with inflation and higher PMs prices.
  • Dr. Kotlikoff and the host see warning signs that the US equities markets is overpriced continue to appear.
  • Investment legend Warren Buffett is holding most of his funds in cash, over $80 billion, despite his reputation for holding steady through tough times.
  • Due to massive leverage and opacity in the banking system, the bank stress tests are useless; another 2008 style credit crisis is inevitable.
Economist Professor Laurence Kotlikoff, has a new FREE book: You're Hired! With over $220 in national debt, if 10% of GDP were directed to paying of the debt, it would still require an infinite number of years. Dr. Kotlikoff admonishes policymakers for ignoring the warning of the national founders, not to tax and burden the young to the benefit of retirees. Officials are determined to continue their money printing ways, which will ultimately culminate with inflation and higher PMs prices. Dr. Kotlikoff and the host note warning signs that the US equities market is overpriced, including the fact that investment legend Warren Buffett is holding most of his funds, over $80 billion despite his established track record of holding steady through tough times. Due to massive leverage and opacity in the banking system, stress tests are useless; another 2008 style credit crisis is inevitable.
 

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 -- Published: Friday, 19 May 2017 | E-Mail  | Print  | Source: GoldSeek.com

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