Gerald Celente - Gold Seek Radio - July 15, 2016
Gerald Celente gives central bank monetary operations a new moniker, Ponzi-nomics. Through the issuance of easy credit, low interest rate bonds encourage corporate share buybacks, a major underpinning of the US stock market advance. The process is essentially a shell game, where the dealer wins at the expense of investors. 1 in 5 American's hold less than $100 in cash savings; 1 in 3 American's has less than $500 in savings for emergencies, over 100 million people.