In this powerful clip above, Hedgeye CEO Keith McCullough pulls no punches explaining the dangerous debt binge unfolding in the U.S.
Here’s an excerpt:
“If you’ve read Roman history, we’ve crossed the Rubicon. This is it—when it comes to the Federal Reserve handing off to the U.S. Treasury, to work in concert ahead of an election, to burn the credibility of the purchasing power of the American people via the U.S. dollar.
This is not going to end well. It hasn’t ever for any country in history.
I had a great call last week with one of the world’s best money managers. He’s in the 95th percentile of performers this year. He said, ‘This is going to end in riots. If I keep making money on this crazy stuff, it’s going to end in riots.’ I found it particularly interesting that this guy could have been cocky as hell about his performance, about being long Gold, Gold Miners and Tech. And some healthcare companies with alleged vaccines.
This is where we’re going. This is not a free lunch for everyone, forever.”