'World Is Breaking Apart’! We’re On The Verge Of A Sovereign Debt Crisis, Says Michael Gayed! - Stansberry Research

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The Inflation Reduction Act is, “unequivocally a misnomer”, according to Michael Gayed, portfolio manager at Toroso Investments and publisher of The Lead-Lag Report. He tells our Daniela Cambone that recent spending bills have proven to, “never be used to actually pay down debt, but used as justification to do more.” “It wouldn’t surprise me if there was a much bigger recession down the line,” but Gayed says it’s still unclear if we are in a recession right now. He suggests that “the best thing for investors to do is to consider treasuries again.” Gayed concludes by arguing that the way the dollar has acted against other currencies signals a potential debt crisis is coming.

Good show – it’s no longer, and hasn’t been for a long time, about the markets. It’s now all about policies and who owns which political cronies- all fixed – is it fixable? Probably not, so use that information to your advantage

Fantastic interview. All of Michael’s answers were clear and insightful. When I watch the news, all of the ‘talking heads’ make me crazy. Michael on the other hand stands there and only invigorates, helping you to expand your thinking.

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.”