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Jim Cook



Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

Commentary Of The Month
July 22, 2014
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By Michael Pento

The fact is that a record amount of debt, inflation-driven central bankers and interest rates that have been artificially suppressed at historically low levels cannot coexist. It is an incendiary cocktail that will soon explode in the faces of our government central planners.

Therefore, we face the daunting collapse of all types of fixed income and high-yielding debt. As a result of this inevitability, the real estate market will tumble as flippers are once again forced to dump their investment properties. The equity bubble will burst when the record amount of margin debt is forced to be liquidated. All forms of adjustable rate consumer and business loans will come under duress. Banks’ capital will be greatly eroded as their assets go underwater, just as the rates on deposits are increasing. The Fed will become insolvent as its meager capital quickly vanishes. Interest payments on the national debt will soar, causing annual deficits to skyrocket as a percentage of the economy. And, the over $100 trillion market for interest rate derivatives will go bust.

A savvy investor can turn this into their market opportunity by betting that Wall Street and Washington’s fantasy of a normal economic recovery is about to collapse into a nightmare.